Default Interests Sample Clauses

Default Interests. 6.4.1. In case of a delay in payment with respect to the agreed deadline, the Seller can ask the default interests to the Buyer at the rate set by the EC Directive no. 35/2000. The interests count starts from the deadline for payment and ends the day of the actual payment. It is understood that the Seller keeps his rights to claim for any possible damage.

Default Interests. If the CLIENT does not fully cover the Total Amount of the Credit (in the case of payment in a single exhibition) or any Partial Payment, he/she must pay to MONEYMAN the default interest accrued daily as of the date on which it is paid and until its total settlement; it will be calculated by multiplying the default interest rate indicated in the Cover of the Credit Contract for the balance due and not paid, until the Total Amount of the Credit or the Partial Payment in question has been paid completely.

Default Interests. In the event of default on the payment of any amounts corresponding to the principal amount of the Credit Line, the Borrower shall pay to the Lender default interests over the outstanding capital at an interest rate equal to the result of multiplying the Ordinary Interest Rate, by 1.25 (one point twenty five) times, in the understanding that the default interests will be calculated on a daily basis over the entire default period.

Default Interests. In the event any of the Parties fail to comply with any of its obligations consisting of paying an amount of money under this Contract, the breaching Party shall recognize and pay the other default interest calculated at the highest current legal rate.

Default Interests. (1) If the Lessee fails to pay the monthly rent, maintenance fee hereunder and the taxes and public imposts set forth in Article 8 below, or to perform any of its payment obligations set forth in this Agreement within the prescribed time period, the Lessee shall pay to the Lessor default interests accrued thereon at the rate of 18% per year for the period of default until the date of actual payment. In the event that Lessor applies the Security Deposit toward the payment of an unpaid amount as set forth in Article 3(5) above, the payment shall be deemed to be made on the date on which the Lessee actually makes up the deducted portion from the Security Deposit. (2) The amount paid under the Lessee's payment obligation shall be applied in the following order: default interests, parking fee, maintenance fee, monthly rent and the Security Deposit. (3) If the Lessor fails to refund the Security Deposit or to perform any of its payment obligations set forth herein within the prescribed time period, the Lessor shall pay to the Lessee default interests accrued thereon at the rate of 18% per year for the period of default until the date of actual payment or refund. (4) The default interest set forth in this Agreement shall accrue on the Security Deposit, the monthly rent, the maintenance fee, parking fee, damages for delay in vacation of the leased premises, damages for early termination, or any other payment obligation, irrespective of whether this Agreement is terminated under Article 17 herein or expired, until such unpaid amount has been fully paid.

Default Interests. (a) If a Guarantor fails to pay any amount under this Agreement on its due date, default interest shall accrue on such overdue amount from the due date up to the date of actual payment (both before and after judgment) at a rate which is equal to the sum of (i) the rate of interest which at the time applies to the Secured Obligations in respect of which the relevant demand under this Agreement was made (which, for the avoidance doubt, shall not include the rate of any default interest which applies to those Secured Obligations) and (ii) 3.00 per cent. per annum. (b) Any default interest accruing under this Clause 5.4 shall be immediately payable by such Guarantor on demand.

Default Interests. If the payments due by the CONTRACTOR in favor of the ▇▇▇ by virtue of this contract are not made within the terms established herein, the CONTRACTOR shall pay the default interest at the highest rate legally allowed. CLAUSE 34 - TAXES The CONTRACTOR shall be subject to Colombian tax legislation. CLAUSE 35 – NOTICES AND COMMUNICATIONS

Default Interests. IF THE BORROWER DOES NOT PAY ON THE CORRESPONDING DATE ANY OF THE AMOUNTS THAT IT MUST PAY IN ACCORDANCE WITH THE PROVISIONS OF THIS AGREEMENT, THE UNPAID AMOUNT WILL ACCRUE INTEREST FROM THE DATE DUE UNTIL THE DATE ON WHICH THE PAYMENT IS MADE EFFECTIVELY AT AN ANNUAL INTEREST RATE OF 13%. The default interest referred to in this Clause will also be considered as the procedural default interest for the purposes of the provisions of Article 576 of Spanish Law 1/2000, of 7 January, on Civil Procedure (the “Civil Procedure Law”).

Default Interests. Notwithstanding the foregoing, upon the occurrence and continuation of an Event of Default, all Borrowings shall bear interest at a rate per annum equal to the sum of four and three quarters percent (4.75%) plus the Base Rate.