Common use of INTEREST ON ARREARS Clause in Contracts

INTEREST ON ARREARS. Any interest instalment unpaid on maturity shall yield interest, of right and without formal notice, at the same rate as applicable to the portion of the loan whose interest is unpaid on maturity, such interest being payable to the Lender on request.

INTEREST ON ARREARS. Any interest instalment unpaid on maturity shall yield interest, of right and without formal notice, at the same rate as applicable to the portion principal of the loan whose interest is unpaid on maturityloan, such interest being payable to the Lender on request.

INTEREST ON ARREARS. Any interest instalment unpaid on maturity shall yield interest, of right and without formal notice, at the same rate as applicable to the portion principal of the loan whose interest is unpaid on maturityleverage loan, such interest being payable to the Lender on request.

INTEREST ON ARREARS. Any interest instalment unpaid on maturity shall yield interest, of right and without formal notice, at the same rate as applicable to the portion of the loan whose interest is unpaid on maturity, such interest being payable to the Lender on upon request.