Capitalisation of Interest. Interest (other than interest at the Default Interest Rate) on any amounts secured under the Security Documents (including capitalised interest), is to be capitalised and added to the principal sum then owing on such date as stated in the Letter of Offer or as determined by the Bank. The total sum will then bear interest at the relevant Prevailing Interest Rate. This total sum shall be secured and payable accordingly, whether before or after court judgment or demand for payment has been made on the Borrower.
Capitalisation of Interest. Subject always to the provisions of the clause next following the interest on any principal monies for the time being hereby secured including capitalised interest shall be at the end of each day be capitalised and added for all purposes to the principal sum then owing and shall thenceforth bear interest at the Prescribed Rate and be secured and payable accordingly whether before or after a court judgement or demand for payment has been made on the Borrower and all the covenants and conditions contained in or implied by these presents and all powers and remedies conferred by law or by this Agreement and all rules of law or equity in relation to the said principal sum and interest shall equally apply to such capitalised arrears of interest and to interest on such arrears notwithstanding that the relationship of banker and customer between the Bank and the Borrower is terminated on demand or otherwise or ceased for any reason whatsoever.
Capitalisation of Interest. 6.7.1. Provisions for adding accrued interest to the amount of the term deposit or a saving account (capitalisation of interest) and its frequency are set forth in the Additional Agreement and the Fee Schedule.
Capitalisation of Interest. Any interest accrued on the Notes will on the last day of the relevant Interest Period for any Notes be capitalised and added to the outstanding principal amount of the Notes.
Capitalisation of Interest. The interest on the Loan including capitalised interest shall at the end of each calendar month be capitalised and added for all purposes to the Loan then owing and shall thence forth bear interest at the Prevailing Interest Rate notwithstanding that the relationship of financier-customer has ceased. Notwithstanding any capitalisation of interest, the Customer shall service the interest monthly.
Capitalisation of Interest. The interest on any principal monies for the time being hereby secured under the STL Facility including capitalised interest shall, if remaining unpaid, on each STL Interest Payment Date be capitalised and added for all purpose to the principal sum then owing and shall thenceforth bear interest at the rate specified in clause 5.4 hereof and be payable accordingly and all the covenants and conditions contained in these presents and all powers and remedies conferred by law or these presents and all rules of law or equity in relation to the said principal sum and interest shall equally apply to such capitalised arrears of interest and to interest on such arrears.
Capitalisation of Interest. If any payment of interest required to be paid under this Mortgage or any part of it is not paid on the due date, the interest in arrears may, at the election of the Mortgagee (without prejudice to other Rights of the Mortgagee) be capitalised and be immediately added to the Secured Moneys and shall bear interest accordingly from the day when the interest is capitalised.
Capitalisation of Interest. The interest on any principal moneys for the time being hereby secured including capitalised interest shall at the end of the month where interest is calculated with monthly rests be capitalised and added for all purposes to the principal sum then owing and shall thenceforth bear interest at the Prescribed Rate and be secured and payable accordingly and all covenants and conditions contained in or implied by these presents and all powers and remedies conferred by law or these presents and all the rules of law or equity in relation to the said principal sum and interest shall equally apply to such capitalised arrears of interests and to interest on such arrears.
Capitalisation of Interest. (a) The interest on the Facility including capitalised interest shall at the end of each calendar month be capitalised and added to the principal sum then owing and shall thereafter bear interest at the Prevailing Interest Rate notwithstanding that the relationship of financier- borrower has ceased. Notwithstanding any capitalisation of interest, the Borrower shall service the interest monthly. This total sum shall be secured and payable accordingly, whether before or after court judgment or demand for payment has been made on the Borrower.
(b) For the purpose of ascertaining whether the limit of the principal Facility has been exceeded or not, all accumulated and capitalised interest are deemed to be interest and not principal sum.
Capitalisation of Interest. (a) Notwithstanding Clause 8.2 (Due Dates), until three (3) months following Construction Completion, the Interest on each Loan (together with Linkage Differentials thereon in accordance with the terms of this Agreement) shall be capitalised on the relevant Interest Payment Dates and shall be added to the principal amount of the Loans in question.
(b) Interest capitalised under this Clause 8.3 (Capitalisation of Interest) shall accrue Linkage Differentials and Interest at the Interest Rate or Rates applicable to the Loan in respect of which that Interest would have otherwise been payable.
