Penalty Interest. (1) If the loan is overdue or not used for the purpose specified in the contract, from the date of overdue or misappropriation, the penalty interest shall be calculated and collected according to the penalty interest rate specified in this paragraph for the overdue or misappropriated part until the principal and interest are paid off. For overdue and misappropriated loans, the penalty interest shall be calculated and charged at higher penalty interest rate.
Penalty Interest. Following the occurrence and during the continuance of any Event of Default, the holders of the Notes shall be entitled to receive, to the extent permitted by applicable law, interest on the outstanding principal of, and overdue interest, if any, on, the Notes at a rate per annum equal to the highest rate permitted by applicable law.
Penalty Interest. 3.3.3.1 Where the borrower fails to repay the loan principal within the period set forth herein, the lender will charge the penalty interest period by period according to the overdue period on the overdue loan from the due date on the basis of the applicable loan interest rate set forth herein: penalty interest will be charged at the applicable loan interest rate plus _fifty_(in words) percent within 30 days (inclusive) of the due date; penalty interest will be charged at the applicable loan interest rate plus _fifty_(in words) percent beyond 30 days and less than 60 days (inclusive) of the due date; penalty interest will be charged at the applicable loan interest rate plus _fifty_(in words) percents beyond 60 days of the due date; During the overdue period, with respect to RMB loan on which interest accrues at the fixed interest rate (base rate pricing), the penalty interest rate shall be adjusted accordingly as of the date of adjustment to the base rate in case of any upward adjustment to the RMB loan base rate of the same period by the People’s Bank of China; with respect to RMB loan on which interest accrues at the fixed interest rate (prime rate pricing), the penalty interest rate shall be adjusted accordingly as of the working day immediately following the adjustment to the one-year LPR in case of any upward adjustment to the one-year LPR.
Penalty Interest. Overdue penalty interest, misappropriation penalty, calculation and payment arising out of the financing under this Agreement shall be defined by the Credit Line Table or subsequent financing instruments.
Penalty Interest. 12.1 If the Purchaser fails to comply with the payment of any instalment or of any of the Conditions of Sale, those being the provisions requiring the payment of any moneys on account of the purchase price and interest thereon, then the Purchaser shall:
Penalty Interest. If the Buyer fails to pay the purchase price within the period agreed, the Seller shall levy a 16% penalty interest starting from the invoice due date. The penalty interest shall be charged in a reminder invoice and a reminder fee.
Penalty Interest. 4.4.1 If the borrower fails to repay the loan principal and interest hereunder when due (including the amount declared due and repayable immediately), interest shall be charged at the penalty interest rate on overdue loan on the overdue portion from the due date until repayment of the principal and interest in full. The penalty interest rate on overdue loan shall be the loan interest rate set forth in this Section 4.2 plus 30%.
Penalty Interest. 15.1. Should the Borrower fail to pay any amount payable by it under this Agreement on the due date for payment, interest (“Penalty Interest”) shall accrue on the overdue amount for the period commencing on the due date for payment and terminating on the day before such amount is paid (both before and after Judgment) at the Penalty Interest Rate.
Penalty Interest. Following the occurrence and during the continuance of any Event of Default, the Purchaser shall be entitled to receive, to the extent permitted by applicable law, interest on the outstanding principal of, and premium and overdue interest, if any, on, the Note at a rate per annum equal to the interest rate thereon (determined as provided in Section 3.5) plus three percent (3%).
Penalty Interest. 12.1 In the event of there being any delay in connection with the registration of transfer for which the Purchaser is responsible, the Purchaser, in addition to any other payment which may be due in terms of this Agreement, shall pay a penalty interest calculated at the rate of 10% (Ten percent) per annum on the purchase price calculated from the date that Purchaser has been notified in writing by the Seller or the Conveyancers as being in xxxx, to the date upon which the Purchaser has ceased to be in xxxx.
