Common use of Interest on Settlement Amounts Clause in Contracts

Interest on Settlement Amounts. Each Settlement Amount shall bear interest at the relevant rate specified in the relevant Principal Agreement from (and including) the date on which it falls due under the Principal Agreement to (but excluding) the relevant Settlement Date for such Settlement Amount.

Appears in 2 contracts

Samples: Product Master Agreement, Product Master Agreement

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Interest on Settlement Amounts. β€Œ Each Settlement Amount shall bear interest at the relevant rate specified in the relevant Principal Agreement Agreement, or, if no such rate is specified, at the Base Rate, from (and including) the date on which it falls due under the Principal Agreement hereunder to (but excluding) the relevant next Settlement Date for such Settlement Amountwith respect to the relevant Party A Entity.

Appears in 2 contracts

Samples: Master Agreement, Master Agreement

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