Common use of ARREARS Clause in Contracts

ARREARS. 13.1 Any amounts in arrear in terms of this contract shall bear interest at the rate equal to 2 (two) percentage points above the minimum overdraft rate from time to time published by the Standard Bank of South Africa Limited as being its minimum overdraft rate to its prime customers in the private sector, which interest shall be calculated monthly in advance from the date that such amount became due to the date of payment, both days inclusive.

ARREARS. 13.1 14.1 Any amounts in arrear in terms of this contract shall bear interest at the rate equal to 2 (two) percentage points above the minimum overdraft rate from time to time published by the Standard Bank of South Africa Limited as being its minimum overdraft rate to its prime customers in the private sector, which interest shall be calculated monthly in advance from the date that such amount became due to the date of payment, both days inclusive.

ARREARS. 13.1 16.1 Any amounts in arrear in terms of this contract CONTRACT shall bear interest at the rate equal to 2 2% (twoTWO percentage) percentage points above the minimum overdraft rate from time to time published by the Standard Bank of South Africa Limited as being its minimum overdraft rate to its prime customers in the private sector, which interest shall be calculated monthly in advance from the date that such amount became becomes due to the date of payment, both days inclusive.

ARREARS. 13.1 21.1 Any amounts in arrear in terms of this contract shall bear interest at the rate equal to 2 (two) percentage points above the minimum prime overdraft rate from time to time published by the of Standard Bank of South Africa Limited as being its minimum overdraft rate to its prime customers in the private sectorLimited, which interest shall be calculated monthly in advance from the date that such amount became due to the date of payment, both days inclusive.