Penalty Interest and Compound Interest. (1) If the Borrower does to use the loan for the purpose agreed under this Agreement or the Borrower fails to repay the loan on a timely basis and has not achieved agreement with the Lender concerning extension (which constitutes a late repayment), the Lender shall be entitled to a penalty interest for the misused or overdue loan based on the penalty interest rate agreed under this Agreement. With respect to the interest that is not paid on time, the Lender shall be entitled to a compound interest based on the penalty interest rate as agreed under this Agreement.
Penalty Interest and Compound Interest. If the loan under this contract is overdue or not used according to the purpose agreed herein, the penalty interest shall be adopted Interest and compound interest shall be calculated in the following methods:
Penalty Interest and Compound Interest. 1. If Party B fails to repay the loan on schedule as agreed herein, Party A will calculate the interest on the portion that is past due at the Overdue Penalty Interest Rate starting on the day following the due date of that portion, until both the principal and interest of the loan is paid off. The Penalty Interest Rate for the delayed portion shall be the original interest rate as stipulated in Article 1 herein plus an additional 50% thereof.
Penalty Interest and Compound Interest. (1) If the borrower fails to use the loan based on the purpose agreed in the contract, since the date of embezzlement, the lender shall have the right to collect penalty interest for the loan being embezzled, and the penalty interest rate shall be 150% of the loan interest rate; if the borrower fails to repay the loan as scheduled and fails to reach an agreement with the lender on the loan renewal, namely, if the loan becomes overdue, since the date of overdue, the lender shall have the right to collect penalty interest for the overdue loan, and the penalty interest rate shall be 130% of the loan interest rate. For the interest not repaid as scheduled (including interest before and after the expiry of the loan, penalty interest for loan embezzlement and penalty interest for overdue loan), the lender shall have the right to collect compound interest based on the loan overdue penalty interest rate agreed herein. If the loan not only becomes overdue, but is also embezzled, the penalty interest will be collected in the way whichever is higher.
Penalty Interest and Compound Interest. I. In case the Borrower fails to use the any part of the Loan under the purpose of the Loan agreed in this Contract, or in case the Borrower fails to repay the Loan and fails to reach an agreement for the extension of the time limit for the payment (that is, the Borrower has constituted an overdue of loan), the Loaner shall be entitled to collect a penalty interest at the penalty interest rate specified herein on the part of the Loan being diverted use of or overdue. Where the Borrower fails to pay any interest, the Loaner is entitled to collect a compound interest at the penalty rate specified herein.
Penalty Interest and Compound Interest. (1) If the Borrower fails to use the loan for the purpose as agreed hereunder, the Lender may impose penalty interest on the misappropriated part of the loan at the misappropriation penalty interest rate which is the rate _50_% higher than loan interest rate; if the Borrower fails to make repayment in time, that is, such repayment overdues, the Lender may impose penalty interest on overdue debt at the overdue penalty interest rate which is the rate _50_% higher than loan interest rate; for such interest (including interest before and after loan maturity, misappropriation penalty and overdue penalty interest) if the Borrower fails to pay in time the Lender may impose compound interest at the rate of overdue indebt according to agreement under this Contract. Where the same loan is both overdue and not used for the purpose agreed in the contract, the penalty interest rate shall be calculated at a higher rate.
Penalty Interest and Compound Interest. (1) If the Borrower fails to use the loan according to the use hereof, the Lender shall have the right to impose upon penalty interest, and the penalty interest rate increases by 100 % of loan interest rate. If the Borrower is overdue to pay back and does not agree with the Lender about future payment, that is, overdue borrowed money; the Lender has the right to impose upon the penalty interest, and penalty interest rate increases by 50 % of loan interest rate. As for the overdue paid interest, the Lender has the right to impose upon the compound interest based on the penalty interest rate hereof.
Penalty Interest and Compound Interest. (1) If the borrower cannot return the loan fund of relevant amount on the payment date appointed in the agreement, the penalty interest will be collected for the overdue part as per the overdue penalty interest as of the overdue date until the loan fund and interest are paid off. The overdue penalty interest rate is 130% of the loan interest appointed in Article 7.1 (1) of this agreement.
Penalty Interest and Compound Interest. 1. For the loan overdue or violated use the loan purpose, the penalty interest rate of the overdue loan shall be the agreed interest rate plus 50%, and the penalty interest rate of the misappropriated loan shall be the agreed interest rate plus 100%. Overdue interest bears compound interest with penalty interest rate.
Penalty Interest and Compound Interest. The Borrower shall repay the principal and interest of the loan to the Lender in time according to the repayment plan. Where the Borrower fails to repay the amount due in full before the agreed repayment date, the Lender has the right to collect overdue penalty interest and compound interest from the agreed repayment date, and has the right to deduct the repayable amount directly from any account opened by the Borrower and the Guarantor of joint and several liability in Baosheng County Bank and its branches on the agreed repayment date and at any time thereafter, but this deduction does not constitute the Lender’s obligation.
