Interest and Default Interest. 6.1 The Australian Borrower agrees to pay interest and default interest on the Notes issued under the Facilities as calculated under the Facilities Agreement as though Clauses 10.2 (Payment of interest) and 10.3 (Default interest) applied to it.
Interest and Default Interest. (a) The Borrower shall pay interest on the unpaid principal amount of each Advance from the Drawdown Date until the principal amount of the Advance is paid in full, payable on each Interest Payment Date for each such Advance. Notwithstanding the preceding sentence of this Section 2.05(a), all interest accrued on any Advance outstanding on the Termination Date shall be paid on the Termination Date.
Interest and Default Interest. (i) The interest will be charged on the Facilities as specified in the Schedule 4. The interest specified in the Schedule 4 or any other provision in the Finance Documents will be computed from the respective Due Dates and shall become payable upon the footing of compound interest with monthly rests or such other rests as may be prescribed by the Lender from time to time. The Interest applicable on the Facility or charges debited to the Account of the Borrower shall be calculated on the daily debit balance of such Account.
Interest and Default Interest. 6.1 Interest will be charged on the Outstanding Advances at a rate per annum equivalent to 12% per annum. Interest will be calculated and accrue on a daily basis (calculated on a year of 365 days and the actual number of days elapsed) and will be payable on repayment of the Outstanding Advances.
Interest and Default Interest. No interest or default interest shall accrue on the subordinated loan under this Article.
Interest and Default Interest. ① The rates, computation method or the time and manner of payment, respectively, of the interest, discounting charges, guarantee fee or commission(“ Interest, etc”) shall be determined by the Bank to the extent permitted by applicable laws and regulations. And the Obligor shall be able to check the aforementioned matter in product instructions and website before signing contract. ② The Obligor may choose and apply one of the following rates such as Interest, etc when concluding contract.
Interest and Default Interest. The calculation of interest shall accrue on a daily basis, 1 (one) year shall be 365 (three hundred and sixty-five) days for a credit facility in Thai Baht currency and 1 (one) year shall be 360 (three hundred and sixty) days for a credit facility in other currencies. The Customer agrees that the interest rate to be charged under this Supplement is a rate specified by the Bank which will be notified, through the System or any other Channel or in any other form determined or acceptable by the Bank, to the Customer in Interest Advice for Trust Receipt from time to time until the Maturity Date, hereinafter referred to as the “Interest Period”. Before the beginning of each Interest Period, the Bank will notify the Customer of the interest rate to be applied for the next Interest Period for the purpose of interest payment for that Interest Period. The interest for each Interest Period shall be payable on the last day of each Interest Period. The Customer agrees to pay the principal together with interest on the Maturity Date. The Customer agrees that the interest rate in Interest Advice for Trust Receipt notified by the Bank is the interest rate under this Supplement and without the Customer’s signing in any further documents, the information of such Interest Advice for Trust Receipt shall be a conclusive evidence against the Customer. In the case that the Customer does not make payment of interest for any Interest Period, the Customer agrees that the debt under the Supplement shall be due and payable immediately, regardless of whether or not the Customer sold the Goods under this Supplement, or whether or not the Maturity Date has reached and the Bank shall be entitled to immediately apply the interest at the Default Interest Rate , deriving from the maximum interest rate actually charged at the time with an addition of 3 (three) percent per annum, which will be notified to the Customer in Interest Advice for Trust Receipt, provided that such interest rate shall not exceed the rate prescribed by the law (which may later be changed in the future at the time a default or a breach occurs). In the case that Trust Receipt Loan specifies the amount as a foreign currency, after the Bank converts the foreign currency under the Trust Receipt Loan into Thai Baht in accordance to Clause 6 Paragraph 3, the Bank shall be entitled to charge the Default Interest Rate deriving from the maximum interest rate of (1) Market Rate for Thai Baht Loan or (2) Reference Rate for Thai ...
Interest and Default Interest. 22 SECTION 2.4.
Interest and Default Interest. The outstanding Principal Amount bears interest at the rate of seven per cent (7%) per annum beginning on the date that is ten (10) months after the date hereof, calculated daily and payable monthly in arrears on the first Business Day of each month commencing on the date that is ten (10) months after the date hereof until the Maturity Date (defined below) both before and after default, maturity and judgment, and payable in accordance with section 4 of this Note. Interest shall accrue daily and be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Any payment which becomes due on a day which is not a Business Day shall be paid on the next following Business Day and such extension shall be taken into account for the calculation of interest and overdue interest. If any unpaid Principal Amount or interest payable hereunder is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, such overdue amount shall bear interest at the default rate of 9%, from the date of such non-payment until such amount is paid in full.
Interest and Default Interest. 3.1 You must pay interest on the Loan calculated in accordance with this clause 3 and in accordance with the Payment Frequency.
