Common use of Interest on overdue sums Clause in Contracts

Interest on overdue sums. If the Borrower does not pay any sum payable under this Agreement (including, without limitation, any sum payable under this Clause) when due, it shall pay interest on the amount from time to time outstanding in respect of that overdue sum, in the currency of that overdue sum, for the period beginning on its due date and ending on the date of its receipt by the Agent (both before and after judgment) in accordance with this Clause. For the purpose of this Clause, if any payment is received by the Agent on the due date, but after the time required by Clause 13(A) and too late to be made available by the Agent on that due date to the person(s) entitled to it under Clause 13(C), that payment shall be deemed to be received on the next Business Day.

Interest on overdue sums. If the Borrower does not pay any sum payable under this Agreement (including, without limitation, any sum payable under this Clause) when due, it shall pay interest on the amount from time to time outstanding in respect of that overdue sum, in the currency of that overdue sum, sum for the period beginning on its due date and ending on the date of its receipt by the Agent (both before and after judgment) in accordance with this Clause. For the purpose of this Clause, if any payment is received by the Agent on the due date, but after the time required by Clause 13(A11 (A) and too late to be made available by the Agent on that due date to the person(s) entitled to it under Clause 13(C11 (A), that payment shall be deemed to be received on an the next Business Day.