Common use of Interest on overdue sums Clause in Contracts

Interest on overdue sums. Without prejudice to Article 10 and by way of exception to Article 3.01, if any of the Borrowers fails to pay any amount payable by it under this Contract on its due date, interest shall accrue on any overdue amount payable under the terms of this Contract from the due date to the date of actual payment at an annual rate equal to:

Appears in 4 contracts

Samples: Amendment Agreement (LivaNova PLC), Finance Contract (LivaNova PLC), Finance Contract (LivaNova PLC)

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Interest on overdue sums. Without prejudice to Article 10 and by way of exception to Article 3.01, if any of the Borrowers Borrower fails to pay any amount payable by it under this the Contract on its due date, interest shall accrue on any overdue amount payable under the terms of this Contract from the due date to the date of actual payment at an annual rate equal to:

Appears in 2 contracts

Samples: Finance Contract, Finance Contract (Xylem Inc.)

Interest on overdue sums. Without prejudice to Article 10 and by way of exception to Article 3.01, if any of the Borrowers Borrower fails to pay any amount payable by it them under this the Contract on its due date, interest shall accrue on any overdue amount payable under the terms of this Contract from the due date to the date of actual payment at an annual rate equal to:to the Relevant Interbank Rate plus 2% (200 basis points) and shall be payable in accordance with the demand of the Bank.

Appears in 1 contract

Samples: Finance Contract (Innocoll AG)

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Interest on overdue sums. Without prejudice to Article 10 and by way of exception to Article 3.01, if any of the Borrowers Borrower fails to pay any amount payable by it under this Contract on its due date, interest shall accrue on any overdue amount sum payable under the terms of this Contract from the due date to the date of actual payment at an annual rate equal to:

Appears in 1 contract

Samples: Finance Contract (Agco Corp /De)

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