Common use of Arrears Clause in Contracts

Arrears. 13.1 Any amounts in arrear in terms of this contract shall bear interest at the rate equal to 2 (two) percentage points above the minimum overdraft rate from time to time published by the Standard Bank of South Africa Limited as being its minimum overdraft rate to its prime customers in the private sector, which interest shall be calculated monthly in advance from the date that such amount became due to the date of payment, both days inclusive. 13.2 A certificate by any branch manager of the said bank as to such minimum overdraft rate from time to time shall be prima facie proof of such rate.

Appears in 3 contracts

Samples: Re Sale Agreement, Re Sale Agreement, Re Sale Agreement

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Arrears. 13.1 14.1 Any amounts in arrear in terms of this contract shall bear interest at the rate equal to 2 (two) percentage points above the minimum overdraft rate from time to time published by the Standard Bank of South Africa Limited as being its minimum overdraft rate to its prime customers in the private sector, which interest shall be calculated monthly in advance from the date that such amount became due to the date of payment, both days inclusive. 13.2 14.2 A certificate by any branch manager of the said bank as to such minimum overdraft rate from time to time shall be prima facie proof of such rate.

Appears in 3 contracts

Samples: Re Sale Agreement, Re Sale Agreement, Re Sale Agreement

Arrears. 13.1 16.1 Any amounts in arrear in terms of this contract CONTRACT shall bear interest at the rate equal to 2 2% (twoTWO percentage) percentage points above the minimum overdraft rate from time to time published by the Standard Bank of South Africa Limited as being its minimum overdraft rate to its prime customers in the private sector, which interest shall be calculated monthly in advance from the date that such amount became becomes due to the date of payment, both days inclusive. 13.2 16.2 A certificate by any branch manager of the said bank as to such minimum overdraft rate from time to time shall be prima facie proof of such rate.

Appears in 2 contracts

Samples: Land & Building Agreement, Sale of Property Agreement

Arrears. 13.1 21.1 Any amounts in arrear in terms of this contract shall bear interest at the rate equal to 2 (two) percentage points above the minimum prime overdraft rate from time to time published by the of Standard Bank of South Africa Limited as being its minimum overdraft rate to its prime customers in the private sectorLimited, which interest shall be calculated monthly in advance from the date that such amount became due to the date of payment, both days inclusive. 13.2 21.2 A certificate by any branch manager of the said bank conveyancers as to such minimum overdraft rate from time to time shall be prima facie proof of such rate.

Appears in 1 contract

Samples: Agreement of Sale Sectional Title Unit

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Arrears. 13.1 21.1 Any amounts in arrear in terms of this contract CONTRACT shall bear interest at the rate equal to 2 (twoTWO) percentage PERCENTAGE points above the minimum overdraft rate from time to time published by the Standard Bank of South Africa Limited as being its minimum overdraft rate to its prime customers in the private sector, which interest shall be calculated monthly in advance reckoned from the due date that such amount became due to until the date of payment, both days inclusive. 13.2 21.2 A certificate by any branch manager of the said bank as to such minimum overdraft rate from time to time shall be prima facie proof of such rate.

Appears in 1 contract

Samples: Contract of Sale

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