Common use of Past Due Amounts Clause in Contracts

Past Due Amounts. Any amounts due under this Agreement, if not timely paid by the Party from whom they are due, shall bear interest at the per annum rate equal to the Prime Rate (as published in The Wall Street Journal) plus two percent (2%), prorated on the basis of a three hundred sixty-five (365) day year (or such lower rate as is the maximum rate permitted by Applicable Law) from the date that such amount was due, taking into account any grace period herein provided until the time that such amount is paid.

Past Due Amounts. Any amounts due under this Agreement, other than disputed payments that are determined to have been properly withheld by Owner, if not timely paid by the Party from whom they are due, shall bear interest at the per annum rate equal to the Prime Rate (prime rate, as published in The the Wall Street Journal) Journal from time to time, plus two percent (2%), prorated on the basis of a three hundred sixty-five (365) day year % annually (or such lower rate as is the maximum rate permitted by Applicable applicable Law) ), prorated on the basis of a 365-day year from the date that such amount was due, taking into account any grace period herein provided until the time that such amount is paid.

Past Due Amounts. Any amounts due under this Agreement, if not timely paid by the Party from whom they are due, shall bear interest at the per annum rate equal to the Prime Rate (as published in The Wall Street Journal) plus two one and one-half percent (21.5%), prorated on the basis of a three hundred sixty365-five (365) day year (or such lower rate as is the maximum rate permitted by Applicable Law) from the date that such amount was due, due and payable (taking into account any grace period herein provided provided) until the time that such amount is paid.