Compounding of default interest. Any such interest which is not paid at the end of the period by reference to which it was determined shall be compounded every 3 months.
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Sources: Loan Agreement (Euroseas Ltd.), Loan Agreement (Danaos Corp), Loan Agreement (Euroseas Ltd.)
Compounding of default interest. Any such interest which is not paid at the end of the period by reference to which it was determined shall be compounded every 3 monthsmonths and shall be payable on demand.
Appears in 1 contract