Common use of Advances; Interest Clause in Contracts

Advances; Interest. A , Agent or any of their affiliates, may, in accordance with this Agreement but in no event shall A or its Agent have any obligation to, advance funds to or on behalf of Owner or make or incur costs or expenses on behalf of Owner. Any such funds advanced to or on behalf of Owner, or any such costs or expenses or incurred by A , Agent or any of their affiliates on behalf of Owner (individually "Advance", collectively "Advances"), shall bear interest at the Market Interest Rate, as defined hereafter, accruing from and after the date advanced, made or incurred, as applicable, until paid or reimbursed in full. The Market Interest Rate shall be the rate of ten percent (10%) per annum for U.S. dollar denominated advances.