INTEREST ON OUTSTANDING PAYMENTS. In the event of either Party failing to remit sums in accordance with this Agreement such Party hereby undertakes to pay to the other Party upon demand interest (before as well as after judgment) on the net balance due and outstanding, for the period commencing on and inclusive of the original due date for payment to (but excluding) the date of actual payment, in the same currency as the principal sum and at the rate referred to in paragraph 10.
Appears in 13 contracts
Samples: Global Master Securities Lending Agreement, Global Master Securities Lending Agreement, Global Master Securities Lending Agreement
INTEREST ON OUTSTANDING PAYMENTS. In the event of either Party failing to remit sums in accordance with this Agreement such Party hereby undertakes to pay to the other Party upon demand interest (before as well as after judgment) on the net balance due and outstanding, for the period commencing on and inclusive of the original due date for payment to (but excluding) the date of actual payment, in the same currency as the principal sum and at the rate referred to in paragraph 1011.
Appears in 8 contracts
Samples: Global Master Securities Lending Agreement, Global Master Securities Lending Agreement, Global Master Securities Lending Agreement
INTEREST ON OUTSTANDING PAYMENTS. In the event of either Party failing to remit sums in accordance with this Agreement such Party hereby undertakes to pay to the other Party upon demand interest (before as well as after judgment) on the net balance due and outstanding, for the period commencing on and inclusive of the original due date for payment to (but excluding) the date of actual payment, in the same currency as the principal sum sum. Interest will accrue daily on a compound basis and at will be calculated according to the rate referred to in paragraph 10actual number of days elapsed.
Appears in 1 contract
Samples: Securities Service Level Agreement
INTEREST ON OUTSTANDING PAYMENTS. In the event of either Party failing to remit sums in accordance with this Agreement such Party hereby undertakes to pay to the other Party upon demand interest (before as well as after judgment) on the net balance due and outstanding, for the period commencing on and inclusive of the original due date for payment to (but excluding) the date of actual payment, in the same currency as the principal sum and at the rate referred to in paragraph 10.net
Appears in 1 contract
Samples: Master Securities Lending Agreement
