Daily Interest Sample Clauses

Daily Interest is the Interest calculated per day applicable in cases where the Borrower withdraws from the Agreement.
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Daily Interest. Interest shall be calculated on the daily principal -------------- balance based on the actual number of days elapsed in the interest payment period over a year of three hundred sixty (360) days. All payments which are due on a Saturday, Sunday or national bank holidays shall be deemed to be payable on the next bank business day.
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Daily Interest. The Loan shall accrue and bear daily interest at a rate per annum which shall at all times equal the Applicable Rate (the “Daily Interest”). Prior to the Maturity Date or any accelerated maturity of the Loan, the Company will, on each Payment Date, pay the accrued and unpaid Daily Interest on the Loan. On the Maturity Date or any accelerated maturity of the Loan, the Company will pay all accrued and unpaid Daily Interest on the Loan. Upon the occurrence and during the continuance of an Event of Default, the Required Lenders may require accrued Daily Interest to be payable on demand or at regular intervals more frequent than each Payment Date. All payments of Daily Interest hereunder shall be made to the Agent for the account of each Lender in accordance with such Lender’s Percentage Interest therein.
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Daily Interest is the Interest calculated per day upon cancellation of the Agreement. The calculation is based on the 360-day calendar year and the assumption that the Borrower starts using the entire Overdraft Limit straight away.
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Daily Interest. Payments will be applied as of the date of receipt by Escrow Agent, first to accrued interest then to the Balance Due Seller.
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Daily Interest. 6.1 Daily Interest (DI) is debited for long share CFD trades and credited for short share CFD trades, unless Euribor 3M is less than 2.5%, in which case short positions will also incur a debit. The amount is based on the number of shares held (Ns), the official closing price of the shares (Cp), Euribor 3M +/- [long position/short position] 2.5%* and divided by a 360 day period. DI=Ns x Cp x {Euribor 3M + 2.5%} 360 For long positions: Always debited from clients’ account For short positions: Either be credited/ be debited from client account
Sample 1
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Related to Daily Interest

  • Interest and Principal Payments Holders shall be entitled to receive, and Borrower shall pay, simple interest on the outstanding principal amount of this Note at the annual rate of eight percent (8%) (as subject to increase as set forth in this Note) from the Original Issue Date through the Maturity Date. Principal and interest shall be due and payable on the Maturity Date.

  • Late Charge; Interest Tenant acknowledges that the late payment of Base Rent or any other amounts payable by Tenant to Landlord hereunder (all of which shall constitute additional rental to the same extent as Base Rent) will cause Landlord to incur administrative costs and other damages, the exact amount of which would be impracticable or extremely difficult to ascertain. Landlord and Tenant agree that if Landlord does not receive any such payment on or before five (5) days after the date the payment is due, Tenant shall pay to Landlord, as additional rent, (a) a late charge equal to five percent (5%) of the overdue amount to cover such additional administrative costs; and (b) interest on the delinquent amounts at the lesser of the maximum rate permitted by law if any or twelve percent (12%) per annum from the date due to the date paid.

  • Interest Amount Unless otherwise specified in Paragraph 13 and subject to Paragraph 4(a), in lieu of any interest, dividends or other amounts paid or deemed to have been paid with respect to Posted Collateral in the form of Cash (all of which may be retained by the Secured Party), the Secured Party will Transfer to the Pledgor at the times specified in Paragraph 13 the Interest Amount to the extent that a Delivery Amount would not be created or increased by that Transfer, as calculated by the Valuation Agent (and the date of calculation will be deemed to be a Valuation Date for this purpose). The Interest Amount or portion thereof not Transferred pursuant to this Paragraph will constitute Posted Collateral in the form of Cash and will be subject to the security interest granted under Paragraph 2.

  • Interest Due Without limiting any other rights or remedies available to either Party, each Party shall pay the other interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate of [*] per annum or the maximum applicable legal rate, if less, calculated on the total number of days payment is delinquent.

  • Class A Notes On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2018-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2018-1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 2018-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 2018-1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2018-1 Rapid Amortization Period.

  • Deferred Interest The amount by which the interest due on a Mortgage exceeds the borrower’s monthly payment, which amount is added to the unpaid principal balance of the Mortgage.

  • Contingent Interest (a) Contingent interest on the Securities (“Contingent Interest”) shall accrue and the Company shall pay such Contingent Interest to the Holders as follows:

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