Common use of Compounding Clause in Contracts

Compounding. Interest payable under clause 10.1 (“Obligation to pay”) which is not paid when due for payment may be added to the overdue amount by the Financier on the last Business Day of each calendar month. Interest is payable on the increased overdue amount at the Default Rate in the manner set out in clause 10.1 (“Obligation to pay”).

Compounding. Interest payable under clause 10.1 (“"Obligation to pay”") which is not paid when due for payment may be added to the overdue amount by the Financier on the last Business Day of each calendar month. Interest is payable on the increased overdue amount at the Default Rate in the manner set out in clause 10.1 (“"Obligation to pay”").

Compounding. Interest payable under clause 10.1 9.1 (“Obligation to pay”) which is not paid when due for payment may be added to the overdue amount by the Financier on the last Business Day of each calendar month. Interest is payable on the increased overdue amount at the Default Rate in the manner set out in clause 10.1 9.1 (“Obligation to pay”).

Compounding. Interest payable under clause 10.1 15.1 (“"Obligation to pay”") which is not paid when due for payment may will be added to the overdue amount by the Financier on the last Business Day day of each calendar monthInterest Period applicable to the overdue amount but will remain immediately due and payable. Interest is payable on the increased overdue amount at the Default Rate in the manner set out in clause 10.1 15.1 (“"Obligation to pay”").