Additional Compensatory Interest Sample Clauses
Additional Compensatory Interest. In the event the Option of Extension of Original Payment Date is exercised, the Capital disbursed by CIMINAS as from the date of Notice of Use of the Option of Extension of the Original Payment Date shall accrue a compensatory interest additional to the one established in Section 4.01 of these presents at an annual Libor interest rate of 180 days plus 8% annually which shall be increased quarterly by a 0.5% (the “Additional Compensatory Interest”).
