Common use of Payments and Interest Clause in Contracts

Payments and Interest. (a) Any payments required pursuant to this Agreement shall be made in United States dollars, calculated using prevailing spot foreign exchange rates, as applicable. (b) Any payments required pursuant to this Agreement that are not made within sixty (60) days following the time period specified in this Agreement shall bear interest from the end of that sixty (60) - day period to the date paid. Interest required to be paid pursuant to this Agreement shall equal the one (1) - month term secured overnight financing rate, determined as of the date the payment was due hereunder, plus 0.5%.

Payments and Interest. (a) Any payments required pursuant to this Agreement shall be made in United States dollars, calculated using prevailing spot foreign exchange rates, as applicable. (b) Any payments required pursuant to this Agreement that are not made within sixty (60) 60 calendar days following the time period specified in this Agreement shall bear interest from the end of that sixty (60) - -day period to the date paid. Interest required to be paid pursuant to this Agreement shall equal the one (1) - -month term secured overnight financing rate, determined as of the date the payment was due hereunder, plus 0.5%.

Payments and Interest. (a) Any payments required pursuant to this Agreement shall be made in United States dollars, calculated using prevailing spot foreign exchange rates, as applicable. (b) Any payments required pursuant to this Agreement that are not made within sixty (60) 60 days following the time period specified in this Agreement shall bear interest from the end of that sixty (60) - -day period to the date paid. Interest required to be paid pursuant to this Agreement shall equal the one (1) - -month term secured overnight financing rate, determined as of the date the payment was due hereunder, plus 0.5%.