Common use of Interest Credited Clause in Contracts

Interest Credited. The Lender shall pay interest on the tax account referred to in 1.8.2 at the average of the rates paid by chartered banks to customers with a savings and chequing account, calculated at least once a year.

Appears in 2 contracts

Sources: Loan Agreement and Immovable Hypothec, Loan Agreement and Immovable Hypothec