PAYMENT OF INTEREST MANDATORY Sample Clauses

PAYMENT OF INTEREST MANDATORY. In the event of any breach on the part of either party, the defaulting party will have to pay interest wherever the same is provided in the Agreement without fail. For instance, if the Promoter fails to give possession at the mentioned time, the Promoter will also pay interest at the said rate. The Allottees are advised not to seek interest waiver as the Promoter follows a strict policy and If there is any issue with regard to the calculation mistake please intimate the same and the Promoter will look into the same and rectify. You cannot get interest waiver since we also have to pay interest to the bank for construction loan and we also have to pay you interest due to delay in possession so we will not be able to waive off interest if levied in your account due to late payment. The Allottee agrees to pay to the Promoter interest on all amounts including the Total consideration or any part thereof payable by the Allottee to the Prmoter under the terms of this Agreement from the date of said amount becoming due and payable by the Allottee till the date of realization of such payment. The Allottee confirms that the payment of interest by the Allottee shall be without prejudice to the other rights and remedies of the Promoter and shall not constitute a waiver of the same.
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PAYMENT OF INTEREST MANDATORY. In the event of any breaches on the part of either party, the defaulting party will have to pay interest wherever the same is provided in the Agreement without fail.
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PAYMENT OF INTEREST MANDATORY. In the event of any breach on the part of either party, the defaulting party will have to pay interest wherever the same is provided in the Agreement without fail. For instance, if the Sub- Lessor/Promoter fails to give possession at the mentioned time, the Sub-Lessor/Promoter will also pay interest at the said rate. The Sub- Lessee/Allottees/Purchaser are advised not to seek interest waiver as the Sub-Lessor/Promoter follows a strict policy and If there is any issue with regard to the calculation mistake please intimate the same and the Sub-Lessor/Promoter will look into the same and rectify. You cannot get interest waiver since we also have to pay interest to the bank for construction loan and we also have to pay you interest due to delay in possession so we will not be able to waive off interest if levied in your account due to late payment. The Sub-Lessee/Allottee/Purchaser agrees to pay to the Sub-Lessor/Promoter interest on all amounts including the Total consideration or any part thereof payable by the Sub- Lessee/Allottee/Purchaser to the Promoter under the terms of this Agreement from the date of said amount becoming due and payable by the Sub- Lessee/Allottee/Purchaser till the date of realization of such payment. The Sub- Lessee/Allottee/Purchaser confirms that the payment of interest by the Sub- Lessee/Allottee/Purchaser shall be without prejudice to the other rights and remedies of the Promoter and shall not constitute a waiver of the same.
Sample 1

Related to PAYMENT OF INTEREST MANDATORY

  • Payment of Interest The Borrower to which a Loan has been made shall pay accrued interest on that Loan on the last day of each Interest Period (and, if the Interest Period is longer than six Months, on the dates falling at six monthly intervals after the first day of the Interest Period).

  • Payment of Notes 30 Section 4.02. Maintenance of Office or Agency..................................................30 Section 4.03. Reports..........................................................................31 Section 4.04.

  • Transfer of Interest Amount The Transfer of the Interest Amount will be made on the second Local Business Day following the end of each calendar month and on any other Local Business Day on which Posted Collateral in the form of Cash is Transferred to the Pledgor pursuant to Paragraph 3(b); provided, however, that the obligation of Party B to Transfer any Interest Amount to Party A shall be limited to the extent that Party B has earned and received such funds and such funds are available to Party B.

  • Assignment of Interest The lessee may not assign or sublet any interest held under this lease, including a security interest, without the prior written approval of the lessor. The lessor may approve such assignment or subletting if the lessor finds it to be in the best interest of the state. No such assignment or subletting will be effective until approved by the lessor in writing, and the assignee agrees to be subject to and governed by the provisions of this lease, any subsequent amendments to this lease, any additional stipulations, or reappraisal as deemed appropriate by the lessor, and all applicable laws, regulations, and ordinances in the same manner as the original lessee. No assignment or subletting of the leasehold, or any portion thereof, by the lessee will annul the lessee's obligation to pay the compensation required for the full term of this lease. Except as provided in this lease, no subdivision of the leasehold interest may occur without the prior written approval of the lessor.

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