ARREARS INTEREST. 10.1. In the event the Company fails to pay any of the amounts it owes to the Lenders pursuant to this Agreement and/or the relevant Credit Request, on the Agreed Repayment Date or – if no repayment date is determined – as of the date it was demanded to pay [such amount] (hereinafter, the "Amount in Arrears"), the Amount in Arrears shall bear Arrears Interest subject to the provisions of any Law. Notwithstanding the foregoing, to the extent the Company pays the Amount in Arrears within seven (7) days of the date it was required to make such payment, then the Amount in Arrears shall not accrue Arrears Interest during such seven days.
ARREARS INTEREST. 9.1 Any amount that is owed by the Tenant to the Landlord under this Agreement and that is not paid on time will also bear, in addition to the linkage differentials, arrears interest at the maximum rate permitted under law, and if no such limitation exists – at the overdraft interest rate of Bank Ha’poalim le-Israel Ltd. (hereinafter: “Arrears Interest”), as of the payment date set forth in this Agreement regarding the amount in arrears and until actual payment of the same amount.
ARREARS INTEREST. 13.1 Accrual of arrears interest on the unpaid principal amount The matured and unpaid principal amount of Tranche A or B shall accrue arrears interest as from its maturity date without the need for a daily reminder, which shall be the interest rate applicable by virtue of Stipulation 12.1, plus TWO PERCENT (2%) in the understanding that the reference interest rate shall not be EURIBOR but EONIA (pursuant to the specifications of paragraph two of subsection 12.5.1).
ARREARS INTEREST. When dealing in Colombian pesos, it shall be the arrears rate in force at the time the delay occurs. When dealing in United States of 5 5 America dollars, it shall mean the LIBOR (London Interbank Borrowing Offered Rate) prime rate on three-month term deposits in dollars plus four per cent (LIBOR plus 4%).
ARREARS INTEREST. 14.1 Any payment imposed on a Party under this Agreement for the benefit of the other Party, which was not remitted by it on the date due for payment, shall bear interest at the rate of Prime plus 5% per annum, for the period during which such payment remained unpaid.
ARREARS INTEREST. With respect to any payment on account of principal and/or interest that is made in arrears under the terms of the Debentures (Series D), for any reason beyond the Company's control, the Company shall pay the Debenture Holders arrears interest at an annual rate exceeding by 3% the interest on the Debentures for that period (calculated pro rata for the period from the date scheduled for payment to the date of actual payment). For the avoidance of doubt, it is clarified that during the period of arrears the amount in arrears shall bear the arrears interest rate in lieu of interest as aforementioned. The Company shall give notice of the arrears interest rate and of the payment date as aforementioned in an Immediate Report, two (2) Trading Days before the date of actual payment.
ARREARS INTEREST. If CORPBANCA does not make the payments arising pursuant to the stipulated Terms and Conditions at IBM’s offices or at such place as it designates, within the terms established under such Terms and Conditions, for this mere fact and without need of any legal notification whatsoever, IBM may charge as a penalty for delinquency in payment, an interest rate which may reach the maximum the law authorizes the parties to agree, for the entire period from the date on which the payment should have been made, until the time it is effectively made, without prejudice to the right to terminate the Agreement, in which case IBM may demand payment of all amounts accrued through the date of termination, further applying the aforementioned arrears interest.
ARREARS INTEREST. In the event that we shall either fail to pay any sum owed by us on account of the Foregoing Sums on any Payment Date, or fail to pay it immediately pursuant to Section 16 below (the "DATE OF ARREARS"), then the Amount Payable Immediately, as defined in Section 16 below, shall be turned into an unlinked loan from the Date of Arrears. The Bank will then be entitled to charge us arrears interest on the Amount Payable Immediately, at the maximum rate charged by the Bank at such time on overdrafts in checking accounts ("MAXIMUM INTEREST"), from the Date of Arrears until actual payment in full. The aforesaid notwithstanding, it is agreed that in the event of default on one payment only, we will be charged arrears interest on the amount in arrears only, for 90 days from the Date of Arrears, during which time the Bank shall not be entitled to demand immediate payment of the Foregoing Sums, unless an additional event shall have occurred, on the grounds of which the Bank is entitled, pursuant to the terms of this agreement, to demand immediate payment of the Foregoing Sums. If the defaulted amount shall not exceed 25% of the sum of the payment, then the aforesaid shall apply for a period of one year from the Date of Arrears, during which time the Bank shall not be entitled to demand immediate payment of the Foregoing Sums, unless an additional event shall have occurred, on the grounds of which the Bank is entitled, pursuant to the terms of this agreement, to demand immediate payment of the Foregoing Sums. It is hereby clarified, for the removal of doubt, that the full or partial default on one payment only shall suffice in order to establish the Bank's rights under this section.
ARREARS INTEREST. If any party did not pay an amount that it is obligated to pay by virtue of the provisions of this Agreement on the date determined for such payment, then in such case, the breaching party will be obligated to pay the other party arrears interest, with the addition of due V.A.T for the amount in arrears, according to the rate customary at the time by Bank Leumi of Israel Ltd. in case of deviating from an approved credit limit in a US Dollar loan accounts, without undermining from any right or remedy awarded to the Seller by virtue of the provisions of this Agreement or the provisions of the law.
ARREARS INTEREST. If the Buyer did not pay the Seller any amount that the Buyer is obligated to pay the Seller by virtue of the provisions of this Agreement on the date determined for such payment, then in such case, the Buyer will be obligated to pay the Seller arrears interest, with the addition of due V.A.T for the amount in arrears, according to the rate customary at the time by Bank Leumi of Israel Ltd. in case of deviating from an approved credit limit in a US Dollar loan accounts, without undermining from any right or remedy awarded to the Seller by virtue of the provisions of this Agreement or the provisions of the law.
