PREJUDGMENT INTEREST Sample Clauses
The Prejudgment Interest clause establishes the right of a party to receive interest on monetary damages awarded by a court, calculated from the date the claim arose until the date of judgment. In practice, this means that if one party is found liable for a sum of money, they must also pay additional interest for the period before the court's final decision, often at a specified or statutory rate. This clause ensures that the injured party is compensated for the time value of money lost due to the delay in payment, discouraging unnecessary delays in resolving disputes and promoting fairness in financial remedies.
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PREJUDGMENT INTEREST. If Tenant violates this Lease Agreement and said violation results in a monetary loss to Landlord, then Landlord shall be entitled to prejudgment interest at the highest rate allowed by law, but in no event more than ten percent (10%) per annum, on the amount due Landlord, from the date the Landlord mails its written list of damages to Tenant.
PREJUDGMENT INTEREST. Buyer shall be entitled to recover prejudgment interest on all amounts recovered in the amount of eight percent (8%) per annum.
PREJUDGMENT INTEREST. If Tenant violates this Lease and said violation results in a monetary loss to Owner, then Owner shall be entitled to prejudgment interest at the rate of ten percent (10%) per annum, but in no event more than the highest rate allowed by law, on the amount due Owner, from the date the Owner mails its written list of damages to Tenant.
PREJUDGMENT INTEREST. If Resident violates this Lease and said violation results in a monetary loss to Management, then Management shall be entitled to prejudgment interest at the highest rate allowed by law, but in no event more than ten percent (10%) per annum, on the amount due Management, from the date the Management mails its written list of damages to Resident.
PREJUDGMENT INTEREST. “We will pay damages for bodily injury . . . for which any insured becomes legally responsible because of an auto accident. Damages include prejudgment interest awarded against the insured.”
PREJUDGMENT INTEREST. ▇▇▇▇▇▇▇ shall be entitled to recover prejudgment interest on all amounts recovered in the amount of ten (10%) percent per annum.
PREJUDGMENT INTEREST. If the Company or, failing same, Icahn shall fail to pay Rattigan the consulti▇▇ ▇▇▇▇ or any other amounts to which Rattigan is entitled ▇▇▇▇▇ ▇▇is Agreement at the time when such amounts are due, in addition to any other remedies available to Rattigan with respect ▇▇ ▇▇▇▇ failure to pay such amounts, the Company and Icahn shall be obligated to pay Rattigan interest on ▇▇▇▇ ▇▇▇aid amounts until paid at the rate of 10% per annum or, if lower, the maximum rate permitted by applicable law.
PREJUDGMENT INTEREST. In the event of a default by any party to this Agreement, to the extent that Paragraph 31 does not apply, the nondefaulting party shall be allowed to recover interest on all damages at the legal rate from the date of the breach.
PREJUDGMENT INTEREST. We’ll pay the interest that accumulates before a judgment and is awarded against the protected person on that part of a judgment we pay. But if we make a settlement offer to pay the available limit of coverage, we won’t pay the prejudgment interest that accumulates after the date of our offer.
PREJUDGMENT INTEREST. If the services of an attorney are required by any party to secure the performance of this Agreement or otherwise upon the breach or default of another party to this Agreement, or if any judicial remedy or arbitration is necessary to enforce or interpret any provision of this Agreement or the rights and duties of any person in relation thereto, the prevailing party will be entitled to reasonable attorneys' fees, costs and other expenses, in addition to any other relief to which such party may be entitled. Any award of damages following judicial remedy or arbitration as a result of the breach of this Agreement or any of its provisions will include an award of prejudgment interest from the date of the breach at the court's or arbitrator's discretion, not to exceed 10%.