Payment Failures. If any party required to make a payment hereunder fails to make such payment when required by this Agreement (or, if no required time period is specified, within 10 Business Days of written request by the party to whom the payment is due), the amount due shall bear interest at a rate equal to the prime rate of Citibank, N.A. in effect on the date such payment was required to be made plus 2%.
Appears in 4 contracts
Samples: Tax Allocation Agreement (APP Pharmaceuticals, Inc.), Tax Allocation Agreement (New Abraxis, Inc.), Tax Allocation Agreement (Abraxis Biosciences, Inc.)
