Common use of Prejudgment and Postjudgment Interest Clause in Contracts

Prejudgment and Postjudgment Interest. If TVT becomes entitled to the entry of a judgment against any Merchant or any Guarantor, then TVT will be entitled to the recovery of prejudgment interest at a rate of 18% per annum, or the maximum rate permitted by applicable law if less, and upon entry of any such judgment, it will accrue interest at a postjudgment rate of 18% per annum, or the maximum rate permitted by applicable law if less, which rate will govern over the statutory rate of interest up until actual satisfaction of the judgment. G11.

Prejudgment and Postjudgment Interest. If TVT becomes entitled to the entry of a judgment against any Merchant or any Guarantor, then TVT will be entitled to the recovery of prejudgment interest at a rate of 18% per annum, or the maximum rate permitted by applicable law if less, and upon entry of any such judgment, it will accrue interest at a postjudgment rate of 18% per annum, or the maximum rate permitted by applicable law if less, which rate will govern over the statutory rate of interest up until actual satisfaction of the judgment. G1140.