Failure to Pay When Due. Any amount payable by the Company hereunder which is not remitted when so due shall 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 beginning five (5) days after the date when payment is due.
Appears in 2 contracts
Sources: Management Services Agreement (Howard Hughes Corp), Management Services Agreement (Spinco, Inc.)