Common use of Rate on Overdue Payments Clause in Contracts

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. If the City fails to make any of the payments required in this Section 4.4 and Section 4.8Section, the payment in default will continue as an obligation of the City until the amount in default has been fully paid, and the City agrees to pay the same with interest thereon, from the date of default to the date of payment, payment at the Overdue Ratehighest rate of interest on any Outstanding Bond.

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 shall pay the same with interest thereon, from the date of default to the date of payment, at the Overdue Rate.

Rate on Overdue Payments. If In the event the City fails should fail to make any of the payments required in this Section 4.4 and Section 4.84.3, the payment in default will shall continue as an obligation of the City until the amount in default shall have been fully paid, and the City agrees to pay the same with interest thereon, from the date of default to the date of payment, payment at the Overdue Ratehighest rate of interest borne by any Outstanding Bond. Such interest, if received, shall be deposited in the Revenue Fund.

Rate on Overdue Payments. If the City fails to make any of the payments required in this Section 4.4 and Section 4.84.03, the payment in default will continue as an obligation of the City until the amount in default has been fully paid, and the City agrees to pay the same with interest thereon, from the date of default to the date of payment, payment at the Overdue Raterate of 1.50% per annum or any lesser maximum legal rate.

Rate on Overdue Payments. If In the event the City fails should fail to make any of the payments required in this Section 4.4 4.2 and Section 4.84.10, the payment in default will shall continue as an obligation of the City until the amount in default shall have been fully paid, and the City agrees to pay the same with interest thereon, from the date of default to the date of payment, at a rate of interest per annum equal to the Overdue Raterate borne by the Outstanding Bonds or at such other rate as maybe provided in this Agreement and the Trust Agreement.

Rate on Overdue Payments. If In the event the City fails should fail to make any of the payments required in this Section 4.4 and Section 4.84.10 hereof, the payment in default will shall continue as an obligation of the City until the amount in default shall have been 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 Raterate of ten percent (10%) per annum, or at such other rate as may be provided in this Installment Sale Agreement and the Indenture.

Rate on Overdue Payments. If In the event the City fails should fail to make any of the payments pay- ments required in this Section 4.4 and Section 4.84.3, the payment in default will shall continue as an obligation of the City until the amount in default shall have been 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. If In the event the City fails should fail to make any of the payments required in this Section 4.4 and Section 4.84.10, the payment in default will shall continue as an obligation of the City until the amount in default shall have been 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 Raterate of ten percent (10%) per annum.

Rate on Overdue Payments. If the City fails to make any of the payments required in this Section 4.4 and Section 4.84.4, the payment in default will continue as an obligation of the City until the amount in default has been 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 Raterate of [interest rate plus 3.00%] per annum.

Rate on Overdue Payments. If In the event the City fails should fail to make any of the payments required in this Section 4.4 and Section 4.84.10, the payment in default will shall continue as an obligation of the City until the amount in default shall have been 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 Ratelesser of 10% per annum or the maximum rate permitted by law.