Common use of Interest on Past Due Payments Clause in Contracts

Interest on Past Due Payments. Any sum due INSpire pursuant to this Agreement that is not paid by the date on which payment is due shall bear interest from that date until the date such sum is paid at the lesser of 1.5% per month or the maximum rate of interest allowed by applicable law. Customer will also pay INSpire for any reasonable expenses, including attorneys' fees, incurred by INSpire in the collection of any amounts due and payable under this Agreement.

Interest on Past Due Payments. Any sum due INSpire pursuant to this Agreement that is not paid by the date on which payment is due shall bear interest from that date until the date such sum is paid at the lesser of 1.5% 1.5 percent per month or the maximum rate of interest allowed by under applicable law. Customer will also pay INSpire for any reasonable expenses, including attorneys' attorney's fees, incurred by INSpire in the collection of any amounts due and payable under this Agreement.

Interest on Past Due Payments. Any sum due INSpire Claims pursuant to this Agreement that is not paid by on the date on which payment is due shall bear interest from that date until the date such sum is paid at the lesser of 1.5% 1.5 percent per month or the maximum rate of interest allowed by applicable law. Customer will also pay INSpire Claims for any reasonable expenses, including attorneys' attorney's fees, incurred by INSpire Claims in the collection of any amounts due and payable under this Agreement.