Common use of Compounding of default interest Clause in Contracts

Compounding of default interest. Default interest (if unpaid) arising on an Unpaid Sum will be compounded with the Unpaid Sum at the end of each Interest Period applicable to that Unpaid Sum.

Appears in 3 contracts

Sources: Guarantee Facility Agreement (T-Mobile US, Inc.), Guarantee Facility Agreement (T-Mobile US, Inc.), Guarantee Facility Agreement (T-Mobile US, Inc.)

Compounding of default interest. Default interest (if unpaid) arising on an Unpaid Sum will be compounded with the Unpaid Sum at the end of each Interest Period applicable to that Unpaid SumSum but will remain immediately due and payable.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Partners L.P.)

Compounding of default interest. (a) Default interest (if unpaid) arising on an Unpaid Sum will be compounded with the Unpaid Sum at the end of each Interest Period applicable to that Unpaid SumSum but will remain immediately due and payable.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Partners L.P.)

Compounding of default interest. Default interest (if unpaid) arising on an Unpaid Sum will be compounded with the Unpaid Sum overdue amount at the end of each Interest Period applicable to that Unpaid Sumoverdue amount.

Appears in 1 contract

Sources: Loan Agreement (Tim Participacoes Sa)