Common use of Interest Accrues on Amounts Owing Clause in Contracts

Interest Accrues on Amounts Owing. Except as otherwise provided herein to the contrary, any amount owing to a Party by another Party hereunder after Closing and remaining unpaid will bear interest at the rate per annum equal to the Prime Rate plus one percent (1%) per annum, from the day that the amount was due to be paid until the day it is paid, regardless of whether the Party has given the other Party or Parties, as applicable, prior notice of the accrual of interest hereunder.

Interest Accrues on Amounts Owing. Except as where otherwise provided provide herein to the contrary, contrary any amount owing to a Party by another Party hereunder after Closing and remaining unpaid will bear interest at the rate per annum equal to the Prime Rate plus one percent (1%) per annum, from the day that the amount was due to be paid until the day it is paid, regardless of whether the Party has given the other Party or Parties, as applicable, prior notice of the accrual of interest hereunder.

Interest Accrues on Amounts Owing. Except as Unless otherwise provided herein to the contraryfor in this Agreement, any amount owing to a Party by another the other Party hereunder after Closing and remaining unpaid will bear interest interest, compounded and computed monthly at the rate per annum equal to the Prime Rate plus one four percent (14%) per annum), from the day that the amount was due to be paid until the day it is paid, regardless of whether the Party has given the other Party or Parties, as applicable, prior notice of the accrual of interest hereunder.