Common use of Overdue Accounts Clause in Contracts

Overdue Accounts. Any amounts due hereunder not paid by a Party within thirty (30) days after receipt of the invoice will accrue interest on the amount owing at an annual rate equal to the prime lending rate announced by the main branch of Alberta Treasury Branches in Calgary, Alberta as being its reference rate then in effect for determining interest rates on commercial loans made by it in Canada plus two (2%) percent per annum, compounded monthly from the date of receipt of the invoice until paid.

Overdue Accounts. Any amounts due hereunder invoice not paid by a Party within thirty (30) days after receipt of the invoice will accrue interest on the amount owing at an annual rate equal to the prime lending rate announced by the main branch of Alberta Treasury Branches the chartered bank used by XXX in Calgary, Alberta Alberta, as being its a reference rate then in effect for determining interest rates on in Canadian dollars demand commercial loans made by it in Canada loans, plus two (2%) percent per annum, compounded monthly Monthly from the date of receipt of the invoice until paid.. ARTICLE

Overdue Accounts. Any amounts due hereunder invoice not paid by a Party within thirty (30) days after receipt of the invoice will accrue interest on the amount owing at an annual rate equal to the prime lending rate announced by the main branch of Alberta Treasury Branches the chartered bank used by XXX in Calgary, Alberta Alberta, as being its a reference rate then in effect for determining interest rates on in Canadian dollars demand commercial loans made by it in Canada loans, plus two (2%) percent per annum, compounded monthly Monthly from the date of receipt of the invoice until paid.