per cent. whichever is the greater, compounded monthly and calculated from the due date of payment. A payment not received within seventy- two (72) hours of the due date shall accrue interest from the due date and the non- paying party shall be deemed to be in default from the due date of the payment.
Appears in 3 contracts
Samples: Participation Agreement (CAMAC Energy Inc.), Participation Agreement (CAMAC Energy Inc.), Participation Agreement (CAMAC Energy Inc.)
per cent. whichever is the greater, compounded monthly and calculated from the due date of payment. A payment not received within seventy- seventy-two (72) hours of the due date shall accrue interest from the due date and the non- non-paying party shall be deemed to be in default from the due date of the payment.
Appears in 3 contracts
Samples: Participation Agreement, Farmout Agreement (ERHC Energy Inc), Participation Agreement (CAMAC Energy Inc.)
