DEFAULT INTEREST Cláusulas de Ejemplo
POPULAR SAMPLE Copied 2 times
DEFAULT INTEREST. 9.1. Upon a delay in the performance of a monetary obligation (excl. Interest), the Lender may require the Borrower to pay a default interest at a rate equal to the Interest rate agreed in the Special Conditions.
9.2. The default interest shall be calculated daily, on the outstanding debt amount and on the basis of 30-day month and 360-day year as of the time the obligation became due until conforming performance is rendered.
9.3. The default interest shall be paid by the Borrower to the Lender pursuant to a relevant notification made available to the Borrower in the Portal within the payment term indicated therein.
DEFAULT INTEREST. In case The Company does not comply with the obligation to pay the compensation, as well as the obligations assumed in the insurance agreement, in accordance with Article 71 of the Insurance Contract Law, in spite of having received the documents and information that allow it to know the basis of the complaint filed, when becoming legally enforceable in trials or arbitrations, shall pay the creditor a compensation by default, in accordance with the established in Article 276 of the Insurance and Surety Institutions Law. Such interest shall be calculated from the following day in which the obligation is demanded. The coverages protected by this policy shall apply in case of accidents occurred to the insured vehicles, within the Mexican Republic, and according to the Law in force in Mexican Republic.