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Common use of Post Judgment Interest Clause in Contracts

Post Judgment Interest. The amount of any judgment obtained by Landlord against Tenant in any legal proceeding arising out of Tenant’s default under this Lease will bear interest until paid at the Bank of America prime rate plus three percent (3%), or the maximum rate permitted by law, whichever is less (the “Default Rate”). Notwithstanding anything to the contrary contained in any Laws, with respect to any damages that are certain or ascertainable by calculation, interest will accrue from the day that the right to the damages vests in Landlord, and in the case of any unliquidated claim, interest will accrue from the day the claim arose.

Appears in 4 contracts

Samples: Lease (TransMedics Group, Inc.), Lease Agreement (TransMedics Group, Inc.), Lease (Transmedics Inc)

Post Judgment Interest. The amount of any judgment obtained by Landlord against Tenant in any legal proceeding arising out of Tenant’s default under this Lease will bear interest until paid at the Xxxxx Fargo Bank of America prime rate plus three four percent (34%), or the maximum rate permitted by law, whichever is less (the “Default Rate”). Notwithstanding anything to the contrary contained in any Laws, with respect to any damages that are certain or ascertainable by calculation, interest will accrue from the day that the right to the damages vests in Landlord, and in the case of any unliquidated claim, interest will accrue from the day the claim arose.

Appears in 3 contracts

Samples: Consent to Sublease (Sige Semiconductor Inc), Consent to Sublease (Sige Semiconductor Inc), Lease (Synplicity Inc)

Post Judgment Interest. The amount of any judgment obtained by Landlord against Tenant in any legal proceeding arising out of Tenant’s default under this Lease will shall bear interest until paid at the Bank maximum rate allowed by law for a business obligation, or, if no maximum rate prevails, at the rate of America prime rate plus three eighteen percent (318%), or the maximum rate permitted by law, whichever is less (the “Default Rate”)) per annum. Notwithstanding anything to the contrary contained in any Laws, with respect to any damages that are certain or ascertainable by calculation, interest will shall accrue from the day that the right to the damages vests vest in Landlord, and in the case of any unliquidated claim, interest will shall accrue from the day the claim arose.

Appears in 1 contract

Samples: Office Lease (Compumed Inc)