Common use of Interest on Purchase Price Clause in Contracts

Interest on Purchase Price. In the event that the Closing Date does not occur within ninety (90) days of the date of this Agreement, for any reason solely the fault of Buyer, Buyer

Interest on Purchase Price. In the event that the Closing Date does not occur within ninety (90) days of the date of this Agreement, for any reason solely the fault of Buyer, BuyerBuyer shall pay

Interest on Purchase Price. In the event that the Closing Date does not occur within ninety (90) days of the date of this Agreement, for any reason solely the fault of Buyer, BuyerBuyer shall pay Sellers interest on the Initial Purchase Price, commencing on the 91st day after the date of this Agreement and continuing to accrue until the Closing Date, at an interest rate of 5% per annum (the "Interest"). The Interest shall be payable at Closing.