Common use of Calculation and Payment of Interest Clause in Contracts

Calculation and Payment of Interest. 3.1.1 The Borrower will pay interest on each Loan outstanding at any time at a rate per annum of 10%. Interest will accrue and be calculated, but not compounded, daily on the principal amount of each Loan on the basis of the actual number of days each Loan is outstanding in a year of 365 or 366 days, as applicable, and will be compounded and payable monthly in arrears on each Interest Payment Date. To the maximum extent permitted by Applicable Law, the Borrower will pay interest on all overdue amounts owing by the Borrower under this Agreement, including any overdue interest payments, from the date each of those amounts is due until the date each of those amounts is paid in full. That interest will be calculated daily, compounded monthly and payable on demand of the Lender at a rate per annum of 12%.

Calculation and Payment of Interest. 3.1.1 The Borrower will pay interest on each the Loan outstanding at any time in the currency in which the Loan was made at a fixed rate equal to 4% per annum of 10%annum. Interest on the Loan will accrue and be calculated, but not compounded, daily monthly on the outstanding principal amount of each the Loan on the basis of the actual number of days each the Loan is outstanding in a year of 365 or 366 days, as applicable, and will be compounded monthly and payable monthly in arrears on each Interest Payment the Maturity Date. . 3.1.2 To the maximum extent permitted by Applicable Law, the Borrower will pay interest on all overdue amounts owing by the Borrower under this Agreement, including any overdue interest payments, from the date each of those amounts is due until the date each of those amounts is paid in full. That interest will be calculated daily, compounded monthly and payable on demand of the Lender at a rate equal to 10% per annum of 12%annum.

Calculation and Payment of Interest. 3.1.1 The Borrower will pay interest on each the Loan outstanding at any time in United States Dollars at a rate per annum of 10%the Interest Rate. Interest on the Loan will accrue and be calculated, but not compounded, daily on the principal amount of each the Loan on the basis of the actual number of days each the Loan is outstanding in a year of 365 or 366 days, as applicable, and will be compounded and payable monthly in arrears on the first Business Day of each Interest Payment Date. month. 3.1.2 To the maximum extent permitted by Applicable Law, the Borrower will pay interest on all overdue amounts owing by the Borrower under this Agreement, including any overdue interest payments, from the date each of those amounts is due until the date each of those amounts is paid in full. That interest will be calculated daily, compounded monthly and payable on demand of the Lender at a rate per annum of 12%equal to the Interest Rate.