Example ContractsClausesfailure to supplyIdentical
Failure to Supply
Failure to Supply contract clause examples

Failure to Pay. If any Secured Party fails to deliver when due any amount payable by it to Agent hereunder, such amount shall bear interest, from the due date until paid in full, at the greater of the Federal Funds Rate or the rate determined by Agent as customary for interbank compensation for two Business Days and thereafter at the Default Rate for Base Rate Loans. No Obligor shall be entitled to credit for any interest paid by a Secured Party to Agent nor shall a Defaulting Lender be entitled to interest on amounts held by Agent pursuant to Section 4.2.

Inari Medical, Inc. (NARI) (CIK 0001531048)
Source: SEC EDGAR database • Date: September 11, 2020 • SIC: 3841 • CIK: 3841

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