Common use of Rate on Overdue Payments Clause in Contracts

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 District should fail to make any of the payments required in this Section 3.64.4 and Section 4.10 hereof, 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 payment, at the rate of [six ten percent (610%)] ) per annum].

Rate on Overdue Payments. [In the event If the District should fail fails to make any of the payments required in this Section 3.64.4, the payment in default shall will continue as an obligation of the District until the amount in default shall have has 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 payment, at the rate of [six ten percent (610%)] ) per annum].

Rate on Overdue Payments. [In the event If the District should fail fails to make any of the payments required in this Section 3.6Section, the payment in default shall will continue as an obligation of the District until the amount in default shall have has 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]Interest Rate or Taxable Rate, as the case may be.

Rate on Overdue Payments. [In the event If the District should fail fails to make any of the payments required in this Section 3.64.4, the payment in default shall continue as an obligation of the District until the amount in default shall have been is fully paid, and the District agrees to pay the same amount in default with interest thereon, to the extent permitted by law, from the date of default to the date of payment payment, at the rate of [six percent (6%)] per annum]Default Rate.

Rate on Overdue Payments. [In the event If the District should fail fails to make any of the payments required in this Section 3.6Section, the payment in default shall will continue as an obligation of the District until the amount in default shall have has 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 highest rate of [six percent (6%)] per annum]interest represented by any Outstanding Certificate.

Rate on Overdue Payments. [In the event If the District should fail fails to make any of the payments required in this Section 3.64.4 or Section 4.7, the payment in default shall continue as an obligation of the District until the amount in default shall have has 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 payment, at the rate of [six percent (6%)] per annum]Overdue Rate.