Common use of Capitalisation of Interest Clause in Contracts

Capitalisation of Interest. Subject always to the provisions of the Clause 5 hereof 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 for any reason whatsoever between the Bank and the Borrower is terminated or ceased for any reason whatsoever.

Capitalisation of Interest. Subject always to the provisions of the Clause 5 hereof the 7 hereof, interest on any principal monies moneys for the time being hereby secured including capitalised interest shall be shall, at the end of each day 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 this Agreement 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 for any reason whatsoever between the Bank and the Borrower is terminated or ceased for any reason whatsoever.

Capitalisation of Interest. Subject always to the provisions of the Clause 5 hereof 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 for any reason whatsoever between the Bank and the Borrower is terminated on demand or otherwise or ceased for any reason whatsoever.