Capitalisation of Interest. Subject always to the provisions of the Clause 5 hereof the interest on any principal monies for the time being hereby secured including capitalised interest shall be at the end of each day be capitalised and added for all purposes to the principal sum then owing and shall thenceforth bear interest at the Prescribed Rate and be secured and payable accordingly whether before or after a court judgement or demand for payment has been made on the Borrower and all the covenants and conditions contained in or implied by these presents and all powers and remedies conferred by law or by this Agreement and all rules of law or equity in relation to the said principal sum and interest shall equally apply to such capitalised arrears of interest and to interest on such arrears notwithstanding that the relationship of banker and customer for any reason whatsoever between the Bank and the Borrower is terminated or ceased for any reason whatsoever.
Capitalisation of Interest. Interest (other than interest at the Default Interest Rate) on any amounts secured under the Security Documents (including capitalised interest), is to be capitalised and added to the principal sum then owing on such date as stated in the Letter of Offer or as determined by the Bank. The total sum will then bear interest at the relevant Prevailing Interest Rate. This total sum shall be secured and payable accordingly, whether before or after court judgment or demand for payment has been made on the Borrower.
Capitalisation of Interest. The interest on the Loan including capitalised interest shall at the end of each calendar month be capitalised and added for all purposes to the Loan then owing and shall thence forth bear interest at the Prevailing Interest Rate notwithstanding that the relationship of financier-customer has ceased. Notwithstanding any capitalisation of interest, the Customer shall service the interest monthly.
Capitalisation of Interest. 6.7.1. Provisions for adding accrued interest to the amount of the term deposit or a saving account (capitalisation of interest) and its frequency are set forth in the Additional Agreement and the Fee Schedule.
Capitalisation of Interest. Any interest accrued on the Notes will on the last day of the relevant Interest Period for any Notes be capitalised and added to the outstanding principal amount of the Notes.
Capitalisation of Interest. The interest on any principal moneys for the time being hereby secured including capitalised interest shall at the end of each calendar month where interest is calculated with monthly rests be capitalised and added for all purposes to the principal sum then owing and shall thenceforth bear interest at the Prescribed Rate and be secured and payable accordingly and all covenants and conditions contained in or implied by these presents and all powers and remedies conferred by law or these presents and all the rules of law or equity in relation to the said principal sum and interest shall equally apply to such capitalised arrears of interests and to interest on such arrears.
Capitalisation of Interest. The interest on any principal monies for the time being hereby secured under the STL Facility including capitalised interest shall, if remaining unpaid, on each STL Interest Payment Date be capitalised and added for all purpose to the principal sum then owing and shall thenceforth bear interest at the rate specified in clause 5.4 hereof and be payable accordingly and all the covenants and conditions contained in these presents and all powers and remedies conferred by law or these presents and all rules of law or equity in relation to the said principal sum and interest shall equally apply to such capitalised arrears of interest and to interest on such arrears.
Capitalisation of Interest. If any payment of interest required to be paid under this Agreement or any part of it is not paid on the due date, the interest in arrears may, at the election of the Lender (without prejudice to other Rights of the Lender) be capitalised and be immediately added to the Debt and shall bear interest accordingly from the day when the interest is capitalised.
Capitalisation of Interest. Subject to the provision of Section 4.04 hereof, the interest and additional interest on any principal money, interest, commission, bank charges and other moneys whatsoever for the time being owing under the Facilities/Loan including capitalised arrears of interest shall at the end of each month be capitalised and added for all purposes to the principal sum then owing, and shall, from thereon, bear interest at the applicable rate and be secured and payable accordingly whether before or after a court order or judgment or demand for payment has been made on the Borrower, and all the covenants and conditions contained in or implied by these presents and all rules of law or equity in relation to the principal sum and interest shall equally apply to such capitalised arrears of interest and to interest on such arrears, and such provision in respect of payment of interest as provided herein this Section shall be regarded as an independent and not an ancillary covenant and shall be enforceable and binding on the Borrower notwithstanding that the relationship of banker and customer between the Bank and the Borrower have ceased for any reason whatsoever.
Capitalisation of Interest. The State may capitalise any interest which has become due and owing in accordance with any State Project Document or, in the absence of any relevant provision, then at such periods of not less than one Month and from such dates as the State elects. The accumulation of capitalised interest may continue until the Secured Money has been paid in full notwithstanding any composition, compromise judgment or order in respect of any person or any other thing.
