Common use of Failure to Pay When Due Clause in Contracts

Failure to Pay When Due. Any amount payable by any Service Recipient to any member of the Manager Group hereunder which is not remitted when so due will remain due (whether on demand or otherwise) and interest will accrue on such overdue amounts (both before and after judgment) at a rate per annum equal to the Interest Rate.

Appears in 24 contracts

Sources: Master Services Agreement (Clearway Energy, Inc.), Master Services Agreement (Clearway Energy, Inc.), Master Services Agreement (Clearway Energy LLC)

Failure to Pay When Due. Any amount payable by any Service Recipient to any member of the Manager Service Provider Group hereunder which is not remitted when so due will remain due (whether on demand or otherwise) and interest will accrue on such overdue amounts (both before and after judgment) at a rate per annum equal to the Interest Rate.

Appears in 9 contracts

Sources: Master Services Agreement (Brookfield Renewable Corp), Master Services Agreement (Brookfield Renewable Partners L.P.), Master Services Agreement (Brookfield Property REIT Inc.)

Failure to Pay When Due. Any amount payable by any Service Recipient the Operating Company or Holdings to any member of the Manager Service Provider Group hereunder which that is not remitted when so due will remain due (whether on demand or otherwise) ), and interest will accrue on such overdue amounts (both before and after judgment) at a rate per annum equal to the Interest Rate.

Appears in 6 contracts

Sources: Management Services Agreement, Management Services Agreement (8point3 Energy Partners LP), Management Services Agreement (8point3 Energy Partners LP)

Failure to Pay When Due. Any amount payable by any the Service Recipient to any member of the Manager Group Service Provider hereunder which is not remitted when so due will remain due (whether on demand or otherwise) and interest will accrue on such overdue amounts (both before and after judgment) at a rate per annum equal to the Interest Rate10%.

Appears in 2 contracts

Sources: Services Agreement (Pershing Square Capital Management, L.P.), Services Agreement (Howard Hughes Holdings Inc.)