Alternative to Interest Amount Sample Clauses
The "Alternative to Interest Amount" clause defines a substitute method for calculating or applying interest in situations where the standard interest provisions may not be suitable or enforceable. Typically, this clause outlines an alternative formula, rate, or payment structure that parties will use instead of the default interest calculation, such as a fixed fee or a different benchmark rate. Its core practical function is to provide flexibility and ensure that compensation for late payments or outstanding amounts remains enforceable and fair, even if the original interest terms are challenged or become invalid.
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Alternative to Interest Amount. The provisions of Paragraph 6(g)(ii) will apply, unless otherwise specified here: not applicable.
Alternative to Interest Amount. The provisions of Paragraph 6(d)(ii) will apply.
Alternative to Interest Amount. The provisions of Paragraph 5(c)(ii) will apply. For the purposes of calculating the Interest Amount the amount of interest calculated for each day of the Interest Period shall, with respect to any Eligible Currency, be compounded daily.
Alternative to Interest Amount. The provisions of Paragraph 6(d)(ii) will apply.
(i) Additional Representation(s). There are no additional representations by either party.
(j) Other Eligible Support and Other Posted Support.
Alternative to Interest Amount. The provisions of Paragraph 6(d)(ii) will apply.
(i) Additional Representation(s). None.
(j) Other Eligible Support and Other Posted Support. "Value" and "Transfer" with respect to Other Eligible Support and Other Posted Support each means: Not applicable.
Alternative to Interest Amount. Not Applicable.
Alternative to Interest Amount. The provisions of Paragraph 6(d)(ii) will not apply.
Alternative to Interest Amount. The provisions of Paragraph 5(c)(ii) will apply.
Alternative to Interest Amount. The provisions of Paragraph 6(d)(ii) will apply; provided, however, notwithstanding any other provision in this Agreement to the contrary, any Interest Amount shall be transferred regardless of whether a Delivery Amount would be created or increased by that Transfer, and thus such Interest Amount shall not constitute Posted Collateral and will not be subject to the security interest granted under Paragraph 2, nor shall it be subject to the rounding provisions of Paragraph 13(b)(iv)(D).
Alternative to Interest Amount. The provisions of Paragraph 6(d)(ii) will apply, provided, however, that the Interest Amount will compound daily.