Overdue Payment. In the event any payment due hereunder is not made when due, the payment shall accrue interest (beginning on the date such payment is due) calculated at the rate of [***] and such payment when made shall be accompanied by all interest so accrued.
Overdue Payment. Amounts not paid in accordance with this Section 4 on or before the due date shall be payable with interest accruing at a rate equal to one percent plus the prime commercial lending rate established from time to time by Chase Manhattan Bank, N.A., New York, New York, or its successor, from the due date until the date upon which payment is made.
Overdue Payment. For overdue payment Multitest will charge one and one half percent (1.5%) interest per month.
Overdue Payment. 5.3.1 If the Member fails to make any payment of a Member Statement by the Payment Date, then without prejudice to any other right or remedy available, Fram Farmers shall, upon notice to the Member be entitled to reject any future Orders of that Member and notify the Suppliers of the same until any default by the Member is remedied. In respect of any unpaid amounts, Fram Farmers may (without prejudice to any other right or claim), charge interest in accordance with section 5.3.2.
5.3.2 If the Member fails to make payment of the Annual Membership Fee, then without prejudice to any other right or remedy available, Fram Farmers shall, upon notice to the Member, be entitled to reject any future Orders of that Member and notify the Suppliers of the same until any default by the Member is remedied. In respect of any unpaid amounts, Fram Farmers may (without prejudice to any other right or claim), in respect of any unpaid amounts charge interest at the following rates per month (or at such other rate as may be advised by Fram Farmers from time to time) accruing on a daily basis from the due date for payment to the date of actual payment:
5.3.2.1 provided the Member notifies Fram Farmers on or before the date that is 3 (three) days before the due date, £100 plus VAT administration fee plus: (i) a 12% per annum interest charge; or (ii) £100 interest charge, whichever is greater; or
5.3.2.2 provided the Member fails to notify Fram Farmers on or before the date that is 3 (three) days before the due date, £300 plus VAT administration fee plus: (i) a 12% per annum interest charge; or (ii) £100 interest charge, whichever is greater.
5.3.3 If the Member fails to comply with the notice sent by Fram Farmers in accordance with sections 5.3.1 or 5.3.2 to settle the amount outstanding under the said invoices, then Fram Farmers shall be entitled to pass a resolution to terminate the Member’s membership in accordance with rule 12 (Cessation) of the Rules without further liability to the Member and without prejudice to any other right or remedy that Fram Farmers may have under the Contract.
Overdue Payment. 15.1 Failure to pay at the due date shall result in the immediate demand for payment of all issued invoices, including those not yet due as well as the amounts payable for orders fulfilled during invoicing and orders pending release. Fulfilment of current orders may be suspended and/or terminated.
15.2 Similarly, any default on payment at the due date shall result in forfeiture of conditions for payments which S4M may have granted the Client.
15.3 If Client fails to make any payment due to S4M under this agreement by the due date for payment, then, without prejudice to S4M’s rights and remedies, Client shall pay interest on the overdue amount at the rate of 1% per month (subject always to a minimum of 6.5% per annum). Such interest shall accrue on a daily basis from the due date until actual payment of the overdue amount, whether before or after judgment. Client shall pay the interest together with the overdue amount.
Overdue Payment. 7.10.1 Payments required to be made under the terms of this Deed shall for the purposes of this clause be deemed to fall due and to be payable on the date specified for payment in the relevant clause or if no date is specified in the relevant clause then such payment shall fall due 21 days after the occurrence of the relevant Trigger Date (in either case the "Due Date")
7.10.2 In the event of any delay in making the payment required under this Deed interest shall be payable on the amount payable at the rate of four percent above the National Westminster Bank plc base lending rate from time to time in force from the date that the relevant payment falls due to the date of actual payment
Overdue Payment. In the case of a delay in payment not caused by Force Majeure, interest on any overdue payments shall accrue at a rate of [***], effective for the applicable days of the period of default.
Overdue Payment. In the event any payment due hereunder is not made when due, the payment shall accrue interest (beginning on the date such payment is due) calculated at the rate of one percent (1.0%) per month and such payment when made shall be accompanied by all interest so accrued.
Overdue Payment. Payments due to UNIVERSITY under this Agreement shall, if not paid when due under the terms of this Agreement, bear simple interest at the prime rate of interest (as published by Citibank, N.A. on the date such payment is due) plus five percent (5%), calculated on the basis of a three hundred sixty (360) day year for the number of days actually elapsed, beginning on the due date and ending on the day prior to the day on which payment is made in full. Interest accruing under this Section shall be due UNIVERSITY on demand or upon payment of past due amounts, whichever is sooner. The accrual or receipt by UNIVERSITY of interest under this Section shall not constitute a waiver by UNIVERSITY of any right it may otherwise have to declare a default under this Agreement or to terminate this Agreement. Time is of the essence with respect to all payments made by LICENSEE to UNIVERSITY.
Overdue Payment. The Borrower fails to pay any amount payable by it pursuant to the provisions of this Agreement when due.
