Common use of Interest Compounding Clause in Contracts

Interest Compounding. At the Bank's sole option in each instance, any interest, fees or costs which are not paid when due under this Agreement shall bear interest from the due date at the Bank's Reference Rate plus 1.00 percentage point. This may result in compounding of interest.

Appears in 2 contracts

Sources: Business Loan Agreement (Sport Chalet Inc), Business Loan Agreement (Cohu Inc)

Interest Compounding. At the Bank's sole option in each instance, any interest, fees or costs which are not paid when due under this Agreement shall bear interest from the due date at an annual rate equal to the Bank's Reference Rate plus 1.00 percentage point. This may result in compounding of interest.

Appears in 1 contract

Sources: Business Loan Agreement (E Tek Dynamics Inc)

Interest Compounding. At the Bank's sole option in each instance, any interest, fees fee or costs which are not paid when due under this Agreement shall bear interest from the due date at the Bank's Reference Rate plus 1.00 percentage pointRate. This may result in compounding of interest.

Appears in 1 contract

Sources: Business Loan Agreement (Longs Drug Stores Corp)

Interest Compounding. At the Bank's sole option in each instance, any interest, fees or costs which are not paid when due under this Agreement shall bear interest from the due date at the Bank's Reference Rate plus 1.00 1.0 percentage point. This may result in compounding of interest.

Appears in 1 contract

Sources: Business Loan Agreement (Cost Plus Inc/Ca/)

Interest Compounding. At the Bank's sole option in each instance, any interest, fees or costs which are not paid when due under this Agreement shall bear interest from the due date at the Bank's Reference Rate for Facility No. 1, at the Bank's Reference Rate plus 1.00 0.5 percentage pointpoint for Facility No. 2 and at the Bank's Reference Rate plus 0.25 percentage point for Facility No. 3. This may result in compounding of interest.

Appears in 1 contract

Sources: Business Loan Agreement (Tab Products Co)

Interest Compounding. At the Bank's sole option in each instance, any interest, fees or costs which are not paid when due under this Agreement shall bear interest from the due date at the Bank's Reference Rate plus 1.00 percentage pointRate. This may result in compounding of interest.

Appears in 1 contract

Sources: Business Loan Agreement (Quidel Corp /De/)

Interest Compounding. At the Bank's sole option in each instance, any interest, fees or costs which are not paid when due under this Agreement shall bear interest from the due date at the Bank's Reference Rate plus 1.00 two (2.00) percentage pointpoints. This may result in compounding of interest.

Appears in 1 contract

Sources: Business Loan Agreement (Jerrys Famous Deli Inc)

Interest Compounding. At the Bank's sole option in each instance, any interest, fees or costs which are not paid when due under this Agreement shall bear interest from the due date at the Bank's Reference Rate plus 1.00 2.00 percentage pointpoints. This may result in compounding of interest.

Appears in 1 contract

Sources: Business Loan Agreement (SRS Labs Inc)

Interest Compounding. At the Bank's sole option in each instance, any interest, fees or costs which are not paid when due under this Agreement shall bear interest from the due date at the Bank's Reference Rate plus 1.00 2 percentage pointpoints. This may result in compounding of interest.

Appears in 1 contract

Sources: Business Loan Agreement (Calavo Growers Inc)