Common use of MORATORY INTEREST Clause in Contracts

MORATORY INTEREST. 51.1 Any amount due and payable under these Terms and Conditions, which is not paid on the due date, shall be treated as an unpaid such amount and bear interest, at the average rate at which overnight deposits in the currency of such payment are offered by major banks in the London interbank market as of 11.00 am (London time) (or, if no such rate is available, at such reasonable rate as we may select) plus one three percent (3%) per annum for each day for which such amount remains unpaid.

MORATORY INTEREST. 51.1 Any amount due and payable under these Terms and Conditions, which Conditions that is not paid on by the due date, shall date will be treated as an unpaid such amount and will bear interest, interest at the average rate at which offered by major banks in the London Interbank Market for overnight deposits in the currency of such payment are offered by major banks in the London interbank market as of 11.00 am a.m. (London time) (or, if no such rate is available, at such reasonable rate as we may select) plus one three percent (3%) per annum for each day for which such amount remains unpaidwe are responsible.

MORATORY INTEREST. 51.1 58.1 Any amount due and payable under these Terms and Conditions, which is not paid on the due date, shall be treated as an unpaid such amount and bear interest, at the average rate at which overnight deposits in the currency of such payment are offered by major banks in the London interbank market as of 11.00 11:00 am (London time) (or, if no such rate is available, at such reasonable rate as we may select) plus one three percent (3%) per annum for each day for which such amount remains unpaid.

MORATORY INTEREST. 51.1 Any amount due and payable under these Terms and Conditions, which Conditions that is not paid on by the due date, shall date will be treated as an unpaid such amount and will bear interest, interest at the average rate at which overnight deposits in the currency of such payment are offered by major banks in the London interbank market for overnight deposits in the currency of such payment as of 11.00 am a.m. (London time) (or, if no such rate is available, at such reasonable rate as we may select) plus one three percent (3%) per annum for each day for which such amount remains unpaidwe are responsible.