Common use of Interest on Outstanding Balance Clause in Contracts

Interest on Outstanding Balance. Any amount due under Sections 3.2 or 3.3 shall bear interest on the unpaid balance at the greater of (a) ten percent (10%) per annum or (b) the maximum rate allowed by law, calculated from the date of termination until paid in full.

Appears in 7 contracts

Samples: Residency Agreement, Addendum to Residency Agreement, Residency Agreement

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