Common use of Interest on Unpaid Sums Clause in Contracts

Interest on Unpaid Sums. (a) If any Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 5.4) on its due date for payment under this Agreement such Borrower shall pay interest on such sum from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Facility Agent pursuant to this clause 5.4.

Appears in 3 contracts

Samples: Facilities Agreement (Texas Utilities Co /Tx/), Facilities Agreement (Texas Utilities Electric Co), Facilities Agreement (Tu Acquisitions PLC)

AutoNDA by SimpleDocs

Interest on Unpaid Sums. (a) If any Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 5.45.2) on its due date for payment under this Agreement such Borrower shall pay interest on such sum from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Facility Agent pursuant to this clause 5.45.2.

Appears in 1 contract

Samples: Facility Agreement (Texas Utilities Electric Co)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.