Rate on Overdue Payments. If the City fails to make any of the payments required in this Section 4.4 and Section 4.8, the payment in default will continue as an obligation of the City until fully paid, and the City agrees to pay the same with interest thereon, from the date of default to the date of payment, at the Overdue Rate.
Rate on Overdue Payments. [In the event the District should fail to make any of the payments required in this Section 3.6, the payment in default shall continue as an obligation of the District until the amount in default shall have been fully paid, and the District agrees to pay the same with interest thereon, to the extent permitted by law, from the date of default to the date of payment at the rate of [six percent (6%)] per annum].
Rate on Overdue Payments. In the event the Lessee should fail to make any of the Lease Payments required in this Section, the Lease Payment in default shall continue as an obligation of the Lessee until the amount in default shall have been fully paid, and the Lessee agrees to pay the same with interest thereon, to the extent permitted by law, from the date such amount was originally payable at the rate equal to the original interest rate payable with respect to such Lease Payments.
Rate on Overdue Payments. In the event the Board should fail to make any of the payments required in this Section 4.4, the payment in default shall continue as an obligation of the Board until the amount in default shall have been fully paid, and the Board agrees to pay the same with interest thereon at the rate borne by the related Certificates, to the extent permitted by law, from the date of default to the date of payment.
Rate on Overdue Payments. In the event the Town should fail to make any of the payments required in this Section 4.3, the payment in default shall continue as an obligation of the Town until the amount in default shall have been fully paid, and the Town agrees to pay the same with interest thereon, from the date of default to the date of payment at the De- fault Rate. Such interest, if received, shall be deposited in the Revenue Fund.
Rate on Overdue Payments. In the event the District should fail to make any of the Lease Payments required in this Section, the Lease Payment in default shall continue as an obligation of the District until the amount in default shall have been fully paid, and the District agrees to pay the same with interest thereon, to the extent permitted by law, from the date such amount was originally payable at the rate equal to the original interest rate payable with respect to each Certificate then Outstanding.
Rate on Overdue Payments. In the event the District should fail to make any of the payments required in this Section 3.05 so that there are insufficient moneys on hand in the Installment Payment Fund to pay any Installment Payment in full on an Installment Payment Date, the Installment Payment in default shall continue as an obligation of the District until the amount in default shall have been fully paid and the District agrees to pay the same with interest thereon, to the extent permitted by law, from the date thereof at the rate of interest payable with respect to the Certificates.
Rate on Overdue Payments. In the event a Member Entity fails to make any of the payments required in this Article, the payment in default shall continue as an obligation of the Member Entity until the amount in default shall have been fully paid, and in addition to any remedies available with respect to such default, the Member Entity agrees to pay the same with interest or penalty thereon, at a rate or rates to be established by the Authority, from the date such amount was originally payable.
Rate on Overdue Payments. In the event that the District should fail to make any of the payments required in this Section 4.04 on or before the due date therefor, the Installment Payment in default shall continue as an obligation of the District until the amount in default shall have been fully paid and the District agrees to pay the same with interest thereon, to the extent permitted by law, from such due date at the rate of interest equal to the lesser of twelve percent (12%) per annum or the maximum rate permitted by law, calculated on the same accrual basis applicable to the Installment Payments as set forth in Section 4.04(a). If any Installment Payment or other amount payable hereunder is not paid within ten (10) days of its due date, the District shall pay an administrative late charge of five percent (5%) of the amount not timely paid or the maximum amount permitted by law, whichever is less.
Rate on Overdue Payments. In the event the City should fail to apply the Lease Revenues to make all or any portion of any Lease Payments required by this Section 4.4, the unpaid Lease Payments, or portion thereof unpaid, shall continue as an obligation of the City payable solely from amounts in the Lease Revenues Fund until the unpaid amount shall have been fully paid, and the City agrees to pay the same with interest thereon from the date such amount was originally due at the rate equal to percent ( %) per annum.
