Late Interest. If either Xxxxxxxx or WinStar fails to make any payment under this Agreement when due, such amounts shall accrue interest, from the date such payment is due until paid, including accrued interest, at the Prime Rate.
Late Interest. In the event that a payment under this Agreement is not made when due, such outstanding payment will accrue interest, beginning on the date when the payment was due, at an annual rate equal to [***], plus the Prime Rate, (or the maximum rate permitted under Applicable Law, whichever is less). Such accrued interest will be compounded annually. Payment of accrued interest will accompany payment of the outstanding payment. “Prime Rate” means the prime rate as reported in The Wall Street Journal, New York Edition, on the date such payment first comes due.
Late Interest. 26 12.5. Adjustments.........................................................26
Late Interest. Without prejudice to any other rights under this Agreement, if any amount payable under this Agreement is not paid when due, the defaulting Party shall pay interest on a daily basis on such amount from the due date of payment (after as well as before judgment) at a rate equal to SIX PER CENT (6%) over the Agreed Rate.
Late Interest. If Lessee shall fail to make any payment of any sums required by this Lease within ten days after Lessor gives notice of nonpayment, Lessee shall pay to Lessor, in addition to such sums, interest thereon at the rate of 5% per annum higher than and varying daily with the highest prime rate as published from time to time in the Wall Street Journal (the "Default Rate"), computed from the date such payment was due to and including the date of payment in full. If the Wall Street Journal ceases to quote such rate, Lessor shall have the right to substitute a reasonably comparable index for such prime rate.
Late Interest. If any amount payable pursuant to the provisions of this Article 2 is not paid within ten (10) days after such amount is finally determined to be due, such amount shall thereafter accrue interest until paid in full at an annual rate equal to the lesser of the “prime” interest rate as announced by The Wall Street Journal from time to time during such period plus 2%, or the maximum interest rate permitted by applicable law.
Late Interest. (A) If any sum whatsoever which is owed under the Agreement is not paid on its due date, the Borrower will pay the Agent late interest calculated on the unpaid sum from the due date concerned up until the date of actual payment (whether this is before or after the pronouncement of a judgment) at the EONIA rate increased by the applicable margin if the delay of payment involves interest plus * * *.
(B) Any late interest will be immediately payable by the Borrower, on the Agent’s request. If it remains unpaid the late interest will be capitalized in every way authorized by law but will remain immediately due and payable.
(C) This late interest clause cannot adversely affect any payment, which has become due and consequently, is not a valid agreement for time to pay or a waiver by the Bank(s) of any right under the Agreement
Late Interest. 12.1 Any amount payable by the Borrower under this Agreement shall automatically bear interest, from the date it is payable until its actual payment, at a rate equivalent to the EONIA increased by 2% p.a. (two percent per year). In any case, this rate may not be less than the rate fixed pursuant to Article 5.2 of the Agreement, including the Margin, increased by 2% p.a.(two percent per year).
12.2 In the event of any modification affecting the determination of the EONIA, the disappearance of this rate or its substitution by another index of similar or equivalent nature for it, any modification affecting the organisation publishing it, or in the conditions of its publication, the index resulting from such modification or such substitution shall be applied automatically. In any case, the application of any new rate shall be retroactive from the date of modification, disappearance or cessation of publication of the EONIA or of any other index that may be substituted for it.
12.3 Late interest shall be calculated on the basis of the exact number of days on the basis of a year of 360 days.
12.4 Late interest shall be payable upon first demand in writing by the Agent.
Late Interest. 7.1 If You fail to make payments arising from the Service Agreement by the due date or fail to make them in full, You must pay Us Late Interest at the rate set out in the Price List.
7.2 Late Interest is calculated on the basis of the actual number of days in a month and a 360-day year.
7.3 Late Interest is calculated as of the day following the due date until the day of accrual of the sum owed. No Late Interest is charged on Interest or Late Interest itself.
Late Interest. Past due payments under this Lease bear interest at the rate of twelve percent (12%) (the “Default Rate”) commencing on the date that is the first day following the date on which the payment was first due. All such interest will be computed from the date that is the first day following the date such payment was due to and including the date of payment in full. The intention of the parties being to conform strictly to the usury laws now in force, whenever any provision in this Lease provides for payment of interest at a rate in excess of the legal rate permitted to be charged, such rate herein provided to be paid shall be deemed reduced to such legal rate.
