Common use of Capitalisation of Interest Clause in Contracts

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 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 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. (a) The interest on the Loan Facility including capitalised interest shall at the end of each calendar month be capitalised and added for all purposes to the Loan principal sum then owing and shall thence forth thereafter bear interest at the Prevailing Interest Rate notwithstanding that the relationship of financier-customer financier- borrower has ceased. Notwithstanding any capitalisation of interest, the Customer 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.