Common use of Payments and Interest Clause in Contracts

Payments and Interest. Payments required of PURCHASER by this contract or modifications of this contract, other than those in Sections 13 and 42, shall be received by STATE within the time period stated on the instrument requesting payment from PURCHASER. Payments received after the due date stated on the billing instrument may be subject to an interest charge. The interest rate applied to overdue payments shall be the prime interest rate in effect on the day the payment became delinquent, as established by U.S. Bank, Xxxx and Xxxx Branch, plus 4 percent. Interest shall be calculated from the date of the original billing to the date payment is received by the State Forester.

Payments and Interest. Payments required of PURCHASER by this contract Contract or modifications of this contract, other than those in Sections 13 and 42, shall Contract must be received by STATE within the time period stated on the instrument requesting payment from PURCHASER. Payments received after the due date stated on the billing instrument may be subject to an interest charge. The interest rate shall not be less than the established minimum state rate on delinquent accounts. The interest rate applied to overdue payments shall be in accordance with ORS 82.010. ORS 82.010 mandates the prime collection of interest at the annualized rate in effect on the day the payment became delinquent, as established by U.S. Bank, Xxxx and Xxxx Branch, plus 4 of 9 percent. Interest shall be calculated from the date of the original billing to the date payment is received by the State Forester.

Payments and Interest. Payments required of PURCHASER by this contract Contract or modifications of this contract, other than those in Sections 13 and 42, shall Contract must be received by STATE within the time period stated on the instrument requesting payment from PURCHASER. Payments received after the due date stated on the billing instrument may be subject to an interest charge. The interest rate shall not be less than the established minimum state rate on delinquent accounts. The interest rate applied to overdue payments shall be in accordance with ORS 82.010. ORS 82.010 mandates the prime collection of interest at the annualized rate in effect on the day the payment became delinquent, as established by U.S. Bank, Xxxx and Xxxx Branch, plus 4 of 9 percent. Interest shall be calculated from the date of the original billing due date to the date payment is received by the State Forester.

Payments and Interest. Payments required of PURCHASER by this contract or modifications of this contract, other than those in Sections 13 and Section 42, shall be received by STATE within the time period stated on the instrument requesting payment from PURCHASER. Payments received after the due date stated on the billing instrument may be subject to an interest charge. The interest rate applied to overdue payments shall be the prime interest rate in effect on the day the payment became delinquent, as established by U.S. Bank, Xxxx and Xxxx Branch, plus 4 percent. Interest shall be calculated from the date of the original billing to the date payment is received by the State Forester.

Payments and Interest. Payments required of PURCHASER by this contract Contract or modifications of this contract, other than those in Sections 13 and 42, shall Contract must be received by STATE within the time period stated on the instrument requesting payment from PURCHASER. Payments received after the due date stated on the billing instrument may be subject to an interest charge. The interest rate shall not be less than the established minimum STATE rate on delinquent accounts. The interest rate applied to overdue payments shall be in accordance with ORS 82.010. ORS 82.010 mandates the prime collection of interest at the annualized rate in effect on the day the payment became delinquent, as established by U.S. Bank, Xxxx and Xxxx Branch, plus 4 of 9 percent. Interest shall be calculated from the date of the original billing to the date payment is received by the State Forester.