Common use of Interest on Overdue Payments Clause in Contracts

Interest on Overdue Payments. (a) If, for any reason, a Party does not pay an amount payable under or in connection with this Agreement on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment). (b) Interest will accrue on the outstanding amount from the due date for payment until that amount, together with the interest thereon, has been paid. (c) Interest will be calculated at the Interest Rate, and any interest accrued but unpaid at the end of each Month will be capitalised and will thereafter itself bear interest.

Interest on Overdue Payments. (a) If, for If any reason, amount which a Party does is required to pay to another Party under this agreement is not pay an amount payable under or in connection with this Agreement paid on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment). (b) Interest will accrue on the outstanding amount from the due date for payment until that amount, together with the interest thereon, has been paid. (cb) Interest will be calculated at the Interest Rate, Rate and any must be paid monthly. Any interest accrued but unpaid at the end of each Month month will be capitalised and will thereafter itself bear interest.

Interest on Overdue Payments. (a) If, for any reason, a Party does not pay an amount payable under or in connection with this Agreement on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment). (b) Interest will accrue on the outstanding amount from the due date for payment until that amount, together with the interest thereon, has been paid. (c) Interest will be calculated at the Interest Rate, and any interest accrued but unpaid at the end of each Month will be capitalised and will thereafter itself bear interest.

Interest on Overdue Payments. (a) If, for any reason, a Party does not pay an amount payable under or in connection with this Agreement on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment). (b) Interest will accrue on the outstanding amount from the due date for payment until that amount, together with the interest thereon, has been paid. (c) Interest will be calculated at the Interest Rate, and any interest accrued but unpaid at the end of each Month will be capitalised and will thereafter itself bear interest.

Interest on Overdue Payments. (a) If, for any reason, a Party does not pay an amount payable under or in connection with this Agreement on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment)Party. (b) Interest will accrue on the outstanding amount from the due date for payment until that amount, together with the interest thereonon that amount, has been paid. (c) Interest will be calculated at the Interest Rate, and any interest accrued but unpaid at the end of each Month will be capitalised and will thereafter itself bear interest.

Interest on Overdue Payments. (a) If, If for any reason, reason a Party does not pay an amount payable under or in connection with this Agreement on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment). (b) Interest will accrue on the outstanding amount from the due date for payment until that amount, together with the interest thereon, has been paid. (c) Interest will be calculated at the Interest Rate, and any interest accrued but unpaid at the end of each Month month will be capitalised and will thereafter itself bear interest.

Interest on Overdue Payments. ‌ (a) If, for If any reason, amount which a Party does is required to pay to another Party under this agreement is not pay an amount payable under or in connection with this Agreement paid on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment). (b) Interest will accrue on the outstanding amount from the due date for payment until that amount, together with the interest thereon, has been paid. (cb) Interest will be calculated at the Interest Rate, Rate and any must be paid monthly. Any interest accrued but unpaid at the end of each Month month will be capitalised and will thereafter itself bear interest.