Common use of Interest on Past Due Payments Clause in Contracts

Interest on Past Due Payments. If either Party fails to pay any payment due under this Agreement on or before the date such payment is due, as provided in this Agreement, such late payment shall bear interest, to the extent permitted by applicable Law, at the [ * ] as [ * ] from time to time [ * ], effective for the first date on which payment was delinquent and calculated on the number of days such payment is overdue or, if such rate is [ * ], as [ * ] as the Parties agree.

Interest on Past Due Payments. If either a Party fails to pay make any payment due under this Agreement on or before the date such payment is due, as provided in this Agreement, such late payment shall bear interest, to the extent permitted by applicable Law, at the [ * ] as [ * ] from time to time [ * ]rate of one-half percent (1/2%) per month, effective for the first date on which payment was delinquent and calculated on the number of days such payment is overdue or, if such rate is [ * ], as [ * ] as the Parties agreeoverdue.

Interest on Past Due Payments. If either Party fails to pay any payment due under this Agreement on or before the date such payment is due, as provided in this Agreement, such late payment shall bear interest, to the extent permitted by applicable Law, at the [ * ] as [ * ] from time to time [ * [*], effective for the first date on which payment was delinquent and calculated on the number of days such payment is overdue or, if such rate is [ * ], as [ * [*] as the Parties agree.

Interest on Past Due Payments. If either Party fails to pay any payment due under this Agreement on or before the date such payment is due, as provided in this Agreement, such late payment shall bear interest, to the extent permitted by applicable Law, at the [ * ] as [ * ] from time to time [ * ], effective for the first date on which payment was delinquent and calculated on the number of days such payment is overdue or, if such rate is [ * ], as [ * ] as the Parties agree.