Common use of Capitalisation Clause in Contracts

Capitalisation. (a) Subject always to Section 5.2(c), the interest on any principal monies for the time being secured by this Assignment including capitalised interest will, at the end of each calendar month or such other periods as fixed by the Bank be capitalised and added to the principal sum then owing. (b) The interest will then bear interest at the relevant Prescribed Rate and/or at any increased rate and be secured and payable accordingly, all the covenants and conditions contained in or implied by this Assignment, all powers and remedies conferred by law or by this Assignment, and all rules of law or equity in relation to the said principal sum and interest will equally apply to such capitalised arrears of interest and to interest on such arrears. (c) To determine whether the limit of the principal intended to be secured by this Assignment has been extended or not, all accumulated and capitalised interest will be deemed to be interest and not principal sum.

Capitalisation. (a) Subject always to Section Clause 5.2(c), the interest on any principal monies for the time being secured by this Assignment including capitalised interest will, at the end of each calendar month or such other periods as fixed by the Bank be capitalised and added to the principal sum then owing. (b) The interest will then bear interest at the relevant Prescribed Rate and/or at any increased rate and be secured and payable accordingly, all the covenants and conditions contained in or implied by this Assignment, all powers and remedies conferred by law or by this Assignment, and all rules of law or equity in relation to the said principal sum and interest will equally apply to such capitalised arrears of interest and to interest on such arrears. (c) To determine whether the limit of the principal intended to be secured by this Assignment has been extended or not, all accumulated and capitalised interest will be deemed to be interest and not principal sum.

Capitalisation. (a) Subject always to Section 5.2(cClause 12.3(c), the interest on any principal monies for the time being secured by this Assignment Agreement including capitalised interest will, at the end of each calendar month or such other periods as fixed by the Bank be capitalised and added to the principal sum then owing. (b) The interest will then bear interest at the relevant Prescribed Rate and/or at any increased rate and be secured and payable accordingly, all the covenants and conditions contained in or implied by this AssignmentAgreement, all powers and remedies conferred by law or by this AssignmentAgreement, and all rules of law or equity in relation to the said principal sum and interest will equally apply to such capitalised arrears of interest and to interest on such arrears. (c) To determine whether the limit of the principal intended to be secured by this Assignment Agreement has been extended exceeded or not, all accumulated and capitalised interest will be deemed to be interest and not principal sum.

Capitalisation. (a) Subject always to Section 5.2(c), the interest on any principal monies for the time being secured by this Assignment including capitalised interest will, at the end of each calendar month or such other periods as fixed by the Bank be capitalised and added to the principal sum then owing. (b) The interest will then bear interest at the relevant Prescribed Rate and/or at any increased rate and be secured and payable accordingly, all the covenants and conditions contained in or implied by this Assignment, all powers and remedies conferred by law or by this Assignment, and all rules of law or equity in relation to the said principal sum and interest will equally apply to such capitalised arrears of interest and to interest on such arrears. (c) To determine whether the limit of the principal intended to be secured by this Assignment has been extended exceeded or not, all accumulated and capitalised interest will be deemed to be interest and not principal sum.