{"component": "clause", "props": {"groups": [{"samples": [{"hash": "4Ovre1KgiM0", "uri": "/contracts/4Ovre1KgiM0#interest-payable", "label": "Receivables Purchase Agreement (California Republic Auto Receivables Trust 2015-2)", "score": 24.4318959617, "published": true}, {"hash": "2Nox7bCvBpZ", "uri": "/contracts/2Nox7bCvBpZ#interest-payable", "label": "Receivables Purchase Agreement (California Republic Funding LLC)", "score": 24.1937029432, "published": true}, {"hash": "iWzhuvIVO4o", "uri": "/contracts/iWzhuvIVO4o#interest-payable", "label": "Receivables Purchase Agreement (California Republic Funding LLC)", "score": 23.9719370294, "published": true}], "size": 35, "snippet": "With respect to each Receivable, interest will be charged and payable on the unpaid principal balance of the Receivable since the date of the last payment on the Receivable (and in all cases will be charged since the Cutoff Date).", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "balance-of-the", "type": "clause", "offset": [94, 108]}, {"key": "date-of", "type": "clause", "offset": [130, 137]}, {"key": "last-payment", "type": "clause", "offset": [142, 154]}, {"key": "in-all-cases", "type": "clause", "offset": [178, 190]}, {"key": "cutoff-date", "type": "clause", "offset": [217, 228]}], "hash": "710ceb17beaa53b944e6462e705a2d12", "id": 1}, {"samples": [{"hash": "euSDfgwgxP3", "uri": "/contracts/euSDfgwgxP3#interest-payable", "label": "First Lien Credit and Guaranty Agreement (Corsair Gaming, Inc.)", "score": 31.7488021903, "published": true}, {"hash": "a4YJypYPBLP", "uri": "/contracts/a4YJypYPBLP#interest-payable", "label": "First Lien Credit and Guaranty Agreement (Corsair Gaming, Inc.)", "score": 31.636550308, "published": true}, {"hash": "99RhLznexTW", "uri": "/contracts/99RhLznexTW#interest-payable", "label": "First Lien Credit and Guaranty Agreement (Corsair Gaming, Inc.)", "score": 31.636550308, "published": true}], "size": 14, "snippet": "Except as otherwise set forth herein, interest on each Loan shall accrue on a daily basis and be payable in arrears (i) on each Interest Payment Date applicable to that Loan; (ii) concurrently with any prepayment of that Loan, whether voluntary or mandatory, to the extent accrued on the amount being prepaid; and (iii) at maturity, including final maturity; provided, with respect to any voluntary prepayment of a Revolving Loan outstanding as a Base Rate Loan, accrued interest shall instead be payable on the applicable Interest Payment Date.", "snippet_links": [{"key": "loan-shall", "type": "definition", "offset": [55, 65]}, {"key": "daily-basis", "type": "definition", "offset": [78, 89]}, {"key": "in-arrears", "type": "definition", "offset": [105, 115]}, {"key": "interest-payment-date", "type": "clause", "offset": [128, 149]}, {"key": "applicable-to", "type": "clause", "offset": [150, 163]}, {"key": "to-the-extent", "type": "clause", "offset": [259, 272]}, {"key": "at-maturity", "type": "clause", "offset": [320, 331]}, {"key": "final-maturity", "type": "clause", "offset": [343, 357]}, {"key": "with-respect-to", "type": "clause", "offset": [369, 384]}, {"key": "voluntary-prepayment", "type": "definition", "offset": [389, 409]}, {"key": "revolving-loan-outstanding", "type": "definition", "offset": [415, 441]}, {"key": "base-rate-loan", "type": "definition", "offset": [447, 461]}, {"key": "accrued-interest", "type": "clause", "offset": [463, 479]}, {"key": "applicable-interest", "type": "clause", "offset": [512, 531]}], "hash": "641bed5ac0e80c3bdecc5bb37b144adf", "id": 3}, {"samples": [{"hash": "gGRdkTwX7bA", "uri": "/contracts/gGRdkTwX7bA#interest-payable", "label": "Framework Agreement for Banking Services", "score": 29.9686318936, "published": true}, {"hash": "5FsrLtR9gYr", "uri": "/contracts/5FsrLtR9gYr#interest-payable", "label": "Framework Agreement for Banking Services", "score": 29.3226131447, "published": true}, {"hash": "jeVY39fYIKo", "uri": "/contracts/jeVY39fYIKo#interest-payable", "label": "Framework Agreement for Banking Services", "score": 29.3007142041, "published": true}], "size": 10, "snippet": "101.1. For the deposits on term, BCR will pay the interest as follows:", "snippet_links": [{"key": "the-interest", "type": "definition", "offset": [46, 58]}], "hash": "9797832918b799006ca1ca78ff49ff12", "id": 4}, {"samples": [{"hash": "6OVkrlZTkVB", "uri": "/contracts/6OVkrlZTkVB#interest-payable", "label": "Limited Liability Company Agreement (SLR Private Credit BDC II LLC)", "score": 34.2429842574, "published": true}, {"hash": "gL1D96L3PHx", "uri": "/contracts/gL1D96L3PHx#interest-payable", "label": "Limited Liability Company Agreement (SLR Private Credit BDC II LLC)", "score": 34.0841889117, "published": true}], "size": 4, "snippet": "Prior to an Exchange Listing, if a Member fails to make, when due, all or any portion of any Capital Contribution or any other payment required to be made hereunder by such Member and either the Managing Members does not designate such Member a Defaulting Member or such Member fully pays the unpaid balance of such Capital Contribution or other payment within ten Business Days of receipt of notice from the Managing Members as set forth in Section 5.2(b)(i), the Managing Members may, in its sole discretion, charge such Member interest on the unpaid balance of any such Capital Contribution or other payment at the Default Rate from the date such balance was due and payable through the date full payment for such balance is actually made, and failure of such Member to pay such interest amount will subject such Member to all the provisions of this Section 5.2, including all remedies available to the Fund pursuant to Section 5.2(g).", "snippet_links": [{"key": "exchange-listing", "type": "definition", "offset": [12, 28]}, {"key": "a-member", "type": "clause", "offset": [33, 41]}, {"key": "capital-contribution", "type": "definition", "offset": [93, 113]}, {"key": "payment-required", "type": "clause", "offset": [127, 143]}, {"key": "managing-members", "type": "definition", "offset": [195, 211]}, {"key": "member-a", "type": "definition", "offset": [236, 244]}, {"key": "defaulting-member", "type": "definition", "offset": [245, 262]}, {"key": "unpaid-balance", "type": "definition", "offset": [293, 307]}, {"key": "receipt-of-notice", "type": "definition", "offset": [382, 399]}, {"key": "section-52", "type": "clause", "offset": [442, 453]}, {"key": "sole-discretion", "type": "clause", "offset": [494, 509]}, {"key": "interest-on-the", "type": "clause", "offset": [530, 545]}, {"key": "default-rate", "type": "definition", "offset": [618, 630]}, {"key": "due-and-payable", "type": "clause", "offset": [662, 677]}, {"key": "payment-for", "type": "clause", "offset": [700, 711]}, {"key": "to-pay", "type": "clause", "offset": [770, 776]}, {"key": "interest-amount", "type": "clause", "offset": [782, 797]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [834, 860]}, {"key": "to-the-fund", "type": "definition", "offset": [899, 910]}, {"key": "pursuant-to-section", "type": "definition", "offset": [911, 930]}], "hash": "000fc00561dfc13ee7c3410571642eab", "id": 10}, {"samples": [{"hash": "luO7tioCFSi", "uri": "/contracts/luO7tioCFSi#interest-payable", "label": "Loan Agreement", "score": 25.9573726876, "published": true}, {"hash": "bfcNEs49Ksc", "uri": "/contracts/bfcNEs49Ksc#interest-payable", "label": "Loan Agreement", "score": 25.9573726876, "published": true}, {"hash": "fYD7o1Dkt2e", "uri": "/contracts/fYD7o1Dkt2e#interest-payable", "label": "Loan Agreement", "score": 25.5549796534, "published": true}], "size": 6, "snippet": "6.1. Interest at the \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 .\n6.2. Interest at the rate [number] per cent per \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0\n6.3. Interest shall be \u25a0 \u25a0 \u25a0 \u25a0 [ \u25a0 \u25a0 \u25a0 \u25a0 ] \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 [ \u25a0 \u25a0 \u25a0 \u25a0 ].\n6.4. Interest shall be \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 [ \u25a0 \u25a0 \u25a0 \u25a0 ] \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0\n6.5. Interest shall be calculated \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 .", "snippet_links": [{"key": "the-rate", "type": "definition", "offset": [104, 112]}, {"key": "per-cent", "type": "definition", "offset": [122, 130]}], "hash": "c2f177be6d5cb7a99030b2a885b33b8e", "id": 8}, {"samples": [{"hash": "ebzFnAPPG2v", "uri": "/contracts/ebzFnAPPG2v#interest-payable", "label": "Loan Agreement", "score": 32.2861665329, "published": true}, {"hash": "bo3cfZ63ZAm", "uri": "/contracts/bo3cfZ63ZAm#interest-payable", "label": "Loan Agreement", "score": 27.8899541992, "published": true}, {"hash": "ler1uvSvS8v", "uri": "/contracts/ler1uvSvS8v#interest-payable", "label": "Loan Agreement", "score": 26.1079279046, "published": true}], "size": 18, "snippet": "The provision for cumulation of interest should have careful attention, particularly if the interest rate is high. Cumulation has the effect of adding the interest to the capital, so that the \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \" \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \", \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 . \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 , \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 ( \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 ).", "snippet_links": [{"key": "the-interest-rate", "type": "clause", "offset": [88, 105]}, {"key": "effect-of", "type": "definition", "offset": [134, 143]}, {"key": "the-capital", "type": "clause", "offset": [167, 178]}], "hash": "d303f4b4fde6cf37bff81d0fe222bcca", "id": 2}, {"samples": [{"hash": "9dSJ9TJyXnC", "uri": "/contracts/9dSJ9TJyXnC#interest-payable", "label": "Loan Agreement", "score": 30.3125245077, "published": true}, {"hash": "9SyzOfb05AP", "uri": "/contracts/9SyzOfb05AP#interest-payable", "label": "Loan Agreement", "score": 30.2851508319, "published": true}, {"hash": "5xYznqpzLGF", "uri": "/contracts/5xYznqpzLGF#interest-payable", "label": "Loan Agreement", "score": 30.2358782154, "published": true}], "size": 6, "snippet": "The provision for cumulation of interest should have careful attention, particularly if the rate of interest is high. Cumulation has the effect of adding the interest to the capital, so that \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0", "snippet_links": [{"key": "rate-of-interest", "type": "definition", "offset": [92, 108]}, {"key": "effect-of", "type": "definition", "offset": [137, 146]}, {"key": "the-interest", "type": "definition", "offset": [154, 166]}, {"key": "the-capital", "type": "clause", "offset": [170, 181]}], "hash": "bd72c901e74cbbda8046fde220e9ef41", "id": 5}, {"samples": [{"hash": "fIYutKqUvLI", "uri": "/contracts/fIYutKqUvLI#interest-payable", "label": "Business Membership Account Agreement", "score": 24.3744010951, "published": true}, {"hash": "4NsIj5Nzr4W", "uri": "/contracts/4NsIj5Nzr4W#interest-payable", "label": "Business Membership Account Agreement", "score": 23.7104722793, "published": true}, {"hash": "kucT0cOzR0K", "uri": "/contracts/kucT0cOzR0K#interest-payable", "label": "Business Membership Account Agreement", "score": 23.4914442163, "published": true}], "size": 6, "snippet": "Any rate of interest that we might be obligated to pay to you as a matter of law for a delay or incorrect transfer arising out of our error will be the lower of the federal funds rate at the time of the correction, or the dividend or interest rate which we pay on the Account to or from which the funds transfer should have occurred.", "snippet_links": [{"key": "rate-of-interest", "type": "definition", "offset": [4, 20]}, {"key": "pay-to", "type": "definition", "offset": [51, 57]}, {"key": "arising-out-of", "type": "definition", "offset": [115, 129]}, {"key": "the-federal-funds-rate", "type": "definition", "offset": [161, 183]}, {"key": "time-of-the", "type": "clause", "offset": [191, 202]}, {"key": "the-dividend", "type": "clause", "offset": [218, 230]}, {"key": "interest-rate", "type": "clause", "offset": [234, 247]}, {"key": "pay-on", "type": "definition", "offset": [257, 263]}, {"key": "the-account", "type": "clause", "offset": [264, 275]}, {"key": "funds-transfer", "type": "definition", "offset": [297, 311]}], "hash": "2cadb91aea79c766d01555ed6027e9fe", "id": 6}, {"samples": [{"hash": "ePM6rk6tPX4", "uri": "/contracts/ePM6rk6tPX4#interest-payable", "label": "Friends and Family Loan Agreement", "score": 28.2861665329, "published": true}, {"hash": "1nAfDR4W9NB", "uri": "/contracts/1nAfDR4W9NB#interest-payable", "label": "Friends and Family Loan Agreement", "score": 21.9573726876, "published": true}, {"hash": "9srYRwxOXCM", "uri": "/contracts/9srYRwxOXCM#interest-payable", "label": "Friends and Family Loan Agreement", "score": 21.8987292381, "published": true}], "size": 6, "snippet": "4.1. \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 [ \u25a0 \u25a0 \u25a0 \u25a0 ] \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 .", "snippet_links": [], "hash": "2b2f0a83cfa7fa3fad44b639d9c584a1", "id": 7}, {"samples": [{"hash": "gXliJEgVw3F", "uri": "/contracts/gXliJEgVw3F#interest-payable", "label": "Loan Agreement", "score": 26.1079279046, "published": true}, {"hash": "bQf4IS5OYHJ", "uri": "/contracts/bQf4IS5OYHJ#interest-payable", "label": "Loan Agreement", "score": 25.4265625646, "published": true}], "size": 4, "snippet": "6.1. Interest at the \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 .\n6.2. Interest at the rate [number] per cent per \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 .\n6.3. Interest shall be \u25a0 \u25a0 \u25a0 \u25a0 [ \u25a0 \u25a0 \u25a0 \u25a0 ] \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 [ \u25a0 \u25a0 \u25a0 \u25a0 ].\n6.4. Interest shall be \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 [ \u25a0 \u25a0 \u25a0 \u25a0 ] \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0\n6.5. Interest shall be calculated \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 . AND / OR\n6.6. If and so long as the Borrower complies \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 , \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0 \u25a0", "snippet_links": [{"key": "the-rate", "type": "definition", "offset": [104, 112]}, {"key": "per-cent", "type": "definition", "offset": [122, 130]}, {"key": "the-borrower", "type": "definition", "offset": [528, 540]}], "hash": "04786003887d20289853cccbab5625af", "id": 9}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhlpbnRlcmVzdC1wYXlhYmxlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"size": 157, "title": "Interest Payable", "parents": [["representations-and-warranties", "Representations and Warranties"], ["representations-and-warranties-as-to-each-receivable", "REPRESENTATIONS AND WARRANTIES AS TO EACH RECEIVABLE"], ["interest-on-loans", "Interest on Loans"], ["representations-and-warranties-as-to-the-receivables", "Representations and Warranties as to the Receivables"], ["loans", "Loans"]], "children": [["indemnification", "Indemnification"], ["", ""], ["late-advance-requests", "Late Advance Requests"], ["additional-notices-to-lender", "Additional Notices to Lender"], ["definitions", "DEFINITIONS"]], "id": "interest-payable", "related": [["interest-payments", "Interest Payments", "Interest Payments"], ["interest-payment", "Interest Payment", "Interest Payment"], ["interest-payment-dates", "Interest Payment Dates", "Interest Payment Dates"], ["interest-and-interest-payment-dates", "Interest and Interest Payment Dates", "Interest and Interest Payment Dates"], ["interest-payment-frequency-interest-payment-dates", "Interest Payment Frequency \u00a0 Interest Payment Dates", "Interest Payment Frequency \u00a0 Interest Payment Dates"]], "related_snippets": [], "updated": "2025-07-07T12:37:55+00:00", "also_ask": ["What are the most negotiable elements in an Interest Payable clause?", "Which drafting terms are essential to ensure enforceability of interest provisions?", "What are the main legal risks or pitfalls that could invalidate an Interest Payable clause?", "How do interest rate limitations or usury laws impact this clause across jurisdictions?", "What evidence is most persuasive in court to enforce or challenge an Interest Payable clause?"], "drafting_tip": "Specify the interest rate and calculation method to prevent disputes; define payment dates to ensure timely compliance; clarify default interest to deter late payments.", "explanation": "The Interest Payable clause defines the obligation of one party to pay interest on 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 frequency of interest payments, such as monthly or annually. By clearly outlining when and how interest accrues on overdue payments, the clause incentivizes timely payment and compensates the payee for the time value of money, thereby reducing the risk of late payments and financial loss."}, "json": true, "cursor": ""}}