Common use of Payment & Interest Clause in Contracts

Payment & Interest. The Indemnifying Party shall make any payment required to be made under this Article in cash and on demand. Any Losses or other payments required to be paid by an Indemnifying Party under this Article which are not paid within five business days of receipt by the Indemnifying Party of the Indemnified Party's demand therefor shall thereafter be deemed delinquent, and the Indemnifying Party shall pay to the Indemnified Party immediately upon demand interest at the highest non-usurious rate per annum allowed by applicable law from the date such payment becomes delinquent to the date of payment of such delinquent sums.

Payment & Interest. The Indemnifying Party shall make any payment required to be made under this Article in cash and on demand. Any Losses Damages or other payments required to be paid by an Indemnifying Party under this Article which V that are not paid within five fifteen (15) business days of receipt by the Indemnifying Party of the Indemnified Party's ’s demand therefor therefore shall thereafter be deemed delinquent, and the Indemnifying Party shall pay to the Indemnified Party immediately upon demand demand, interest at the highest rate of 6% per annum, not to exceed the maximum non-usurious rate per annum allowed by applicable law law, from the date such payment becomes delinquent to the date of payment of such delinquent sums.

Payment & Interest. The Indemnifying Party shall make any payment required to be made under this Article in cash and on demand. Any Losses or other payments required to be paid by an Indemnifying Party under this Article which are not paid within five business days of receipt by the Indemnifying Party of the Indemnified Party's demand therefor shall thereafter be deemed delinquent, and the Indemnifying Party shall pay to the Indemnified Party immediately upon demand interest at the highest non-usurious rate of 12% per annum annum, not to exceed the maximum nonusurious rate allowed by applicable law law, from the date such payment becomes delinquent to the date of payment of such delinquent sums.

Payment & Interest. The Indemnifying Party shall make any payment required to be made under this Article in cash and on demand. Any Losses or other payments required to be paid by an Indemnifying Party under this Article which are not paid within five business days of receipt by the Indemnifying Party of the Indemnified Party's demand therefor shall thereafter be deemed delinquent, and the Indemnifying Party shall pay to the Indemnified Party immediately upon demand demand, interest at the highest non-usurious rate of 10% per annum annum, not to exceed the maximum nonusurious rate allowed by applicable law law, from the date such payment becomes delinquent to the date of payment of such delinquent sums.