Common use of Simple Interest Payments Clause in Contracts

Simple Interest Payments. Except as specifically provided in this Agreement, any outstanding and past due amounts owing and unpaid by either Party under the terms of this Agreement will be eligible to receive, in addition to the outstanding and past due amounts, payment equal to the product of (i) the applicable outstanding and past due amount, (ii) the Interest Rate, and (iii) the number of days between the date due and the date paid. 22

Appears in 4 contracts

Sources: Renewable Natural Gas Attribute Purchase and Sale Agreement, Renewable Natural Gas Attribute Purchase and Sale Agreement, Renewable Natural Gas Attribute Purchase and Sale Agreement