Interest 2 Sample Clauses
The 'Interest 2' clause establishes the terms under which interest is calculated and applied to outstanding amounts owed under the agreement. Typically, this clause specifies the applicable interest rate, the method of calculation (such as simple or compound interest), and the circumstances that trigger the accrual of interest, such as late payments or overdue balances. By clearly defining how and when interest is charged, the clause incentivizes timely payments and compensates the party owed money for any delays, thereby reducing the risk of non-payment and ensuring financial fairness between the parties.
Interest 2. 4.1 The Loans under the Credit Facility comprising each U.S. Base Rate Borrowing and Canadian Prime Borrowing shall bear interest (computed on the basis of the actual number
Interest 2. 4.1 The Loans under the Credit Facility comprising each U.S. Base Rate Borrowing and Canadian Prime Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be) at a rate per annum
Interest 2. 4.1 The Loans under the Credit Facility comprising each U.S. Base Rate Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be) at a rate per annum equal to the U.S. Base Rate plus the Applicable Margin from time to time in effect.