Interest Accruing Clause Examples
The Interest Accruing clause defines how and when interest will accumulate on outstanding amounts owed under an agreement. Typically, this clause specifies the applicable interest rate, the method of calculation (such as simple or compound interest), and the frequency at which interest is added to the principal balance. For example, it may state that unpaid invoices will accrue interest at a set annual percentage rate until payment is made. The core function of this clause is to incentivize timely payments and compensate the party owed money for delays, thereby addressing the risk of late payments.
POPULAR SAMPLE Copied 1 times
Interest Accruing. Each Financed Student Loan is accruing interest (whether or not such interest is being paid currently, by the borrower or by the Department, or is being capitalized), except as otherwise expressly permitted by the Basic Documents.
Interest Accruing. Each interest-bearing Receivable is, as of the Cut-off Date, accruing interest. Data tape
i) Review the data tape and confirm it reports the Receivable is active and has a positive principal balance and an annual percentage rate greater than or equal to zero.
ii) If (i) is confirmed, then Test Pass.
Interest Accruing. Each interest-bearing Receivable is, as of the Cut-off Date, accruing interest.
Interest Accruing. Each Receivable, other than those Receivables consisting of Contracts that contain interest waivers for a specified period of time, is, as of the Closing Date or Subsequent Transfer Date, as applicable, accruing interest; no Receivable contains an interest waiver extending more than 12 months after the Initial Cutoff Date.
Interest Accruing. Each NH Receivable, other than those NH Receivables consisting of Contracts that contain interest waivers for a specified period of time, is, as of the Closing Date or Subsequent Transfer Date, as applicable, accruing interest; no NH Receivable contains an interest waiver extending more than 12 months after the Initial Cutoff Date.
Interest Accruing. Each Case Receivable, other than those Case Receivables consisting of Contracts that contain interest waivers for a specified period of time, is, as of the Closing Date or Subsequent Transfer Date, as applicable, accruing interest; no Case Receivable contains an interest waiver extending more than 12 months after the Initial Cutoff Date.
Interest Accruing. Each KBUSA Financed Student Loan is accruing interest (whether or not such interest is being paid currently, by the borrower or by the Department, or is being capitalized), except as otherwise expressly permitted by the Basic Documents.
Interest Accruing. Each interest-bearing Receivable is, as of the Cut-off Date, accruing interest. Data tape
Interest Accruing. 1. 足月部分按月計息，即本金乘月利率（年利率除以 12），再乘月數即得利息額。 The interest can be calculated by multiplying the principal by the monthly interest rate (dividing the annual interest rate by 12) and the number of full deposited month.
2. 不足月之畸零天數部分，按日計息，即乘年利率再除以 365 即得每日利息額。 The rest of days that are less than a month will be calculated on a daily basis, which is multiplying the principal by the daily interest (dividing the annual interest rate by 365) and the number of days.
(一) 按每月應存日之貴行存款機動牌告利率個別複利計息。
(三) 逾期達六個月以上者視為停儲，俟到期提領已繳部分存款額時，應按已繳各期存款之存儲 The interest shall be calculated according to the compound rate of the Bank’s prevailing interest rates on the deposit day for the conducted deposits after the maturity of the deposit. (一)存單於到期日前中途解約者，應於七日以前通知貴行，如未能於七日以前通知者，經貴行同意亦得辦理。中途解約時，應將存款全部一次結清，其利息係依存款實際存儲期間， 按其存入當時貴行相當期別定期存款牌告利率單利八折計息，若貴行無該期別之牌告利率時，則以最接近之較低期別牌告利率計息；惟未存滿一個月者不計息。 The depositor may terminate a time deposit prior to the maturity date by giving a 7-day prior notice to the Bank. In case no notice is given 7 days before the termination, it can also be done upon agreement by the Bank. For an early withdrawal, the amount of deposit should be settled at once and the Bank shall pay the depositor 80% of the accrued interest calculated with the prevailing interest rate of an identical term. If such interest rate is not applicable, the interest shall be calculated with the prevailing interest rate of a shorter term. However, interests will not be accumulated if the actual deposit period in the account is less than one month.
(二) 中途解約時，若存戶依原存單利率按月領取之利息已超過貴行應付之利息時，貴行有權就 該溢付之利息數額，自應返還予存戶之存款本金中逕行扣回。
Interest Accruing. Each CNHCA Receivable, other than those CNHCA Receivables consisting of Contracts that contain interest waivers for a specified period of time, is, as of the Closing Date or a Subsequent Transfer Date, as applicable, accruing interest; no CNHCA Receivable contains an interest waiver extending more than 12 months after the Initial Cutoff Date.