Common use of Manner of Payment, Late Payment Clause in Contracts

Manner of Payment, Late Payment. All payments due to a Party hereunder shall be made in U.S. Dollars by wire transfer of immediately available funds into an account designated by such Party. If a Party does not receive payment of any sum due to it on or before the due date, simple interest shall thereafter accrue on the sum due to such Party until the date of payment at the per annum rate of one percent (1%) over the then-current prime rate quoted by

Manner of Payment, Late Payment. All payments due to a Party hereunder shall be made in U.S. Dollars by wire transfer of immediately available funds into an account designated by such Party. If a Party does not receive payment of any sum due to it on or before the due date, simple interest shall thereafter accrue on the sum due to such Party until the date of payment at the per annum rate of one percent (1%) [*] over the then-current prime U.S. Prime Rate (PRIME:IND) quoted by Bloomberg or the maximum rate quoted byallowable by Applicable Laws, whichever is lower.

Manner of Payment, Late Payment. All payments due to a Party hereunder shall be made in U.S. Dollars by wire transfer of immediately available funds into an account designated by such Party. If a Party does not receive payment of any sum due to it on or before the due date, simple interest shall thereafter accrue on the sum due to such Party until the date of payment at the per annum rate of one percent (1%) [***] over the then-current prime U.S. Prime Rate (PRIME:IND) quoted by Bloomberg or the maximum rate quoted byallowable by Applicable Laws, whichever is lower.