COMPENSATORY INTEREST. The Borrower shall reimburse to the Lender on request any amount disbursed by the Lender for the recovery of his claim in principal, interest and accessories and its preservation and protection as well as the guarantees securing the loan. In addition, he shall reimburse on request any amount disbursed by the Lender to ensure the performance of any obligation of the Borrower, for the repair and upkeep of property securing the loan, and for the payment of insurance premiums, taxes, assessments or any other charge related to the loan. Such reimbursement shall be made with interest, at the lowest of the annual rates provided for above, from the time such disbursement is made by the Lender.
COMPENSATORY INTEREST. The Borrower shall reimburse to the Lender on request any amount disbursed by the Lender for the recovery of his claim in principal, interest and accessories and its preservation and protection as well as the guarantees securing the loan. In addition, he shall reimburse on request any amount disbursed by the Lender to ensure the performance of any obligation of the Borrower, for the repair and upkeep of property securing the loan, and for the payment of insurance premiums, taxes, assessments or any other charge related to the loan. Such reimbursement shall be made with interest at the annual rate provided for above, from the time such disbursement is made by the Lender.
COMPENSATORY INTEREST. Any interest installment unpaid on maturity and any sum advanced or disbursed by the Lender for the preservation, protection or recovery of his claim in capital, interests and incidental costs, for the repair and upkeep of property securing the line of credit, for ensuring the performance of any obligation of the Borrower, for the payment of taxes or other land taxes, of insurance premiums or fees and other charges, shall be capitalized and bear interest, of right and without formal notice, from the date of maturity or the date of disbursement, as the case may be, at the annual rate in force at that time under section 7 of this agreement, subject, however, to the change in the interest rate provided for in that section. Every sum referred to in the above paragraph is payable at any time and without notice.
COMPENSATORY INTEREST. The Loan shall have a compensatory nominal annual interest rate of 9.875% that shall be paid by the Borrower together with the relevant principal of the Loan on the Maturity Dates.
COMPENSATORY INTEREST. The Borrower will pay compensatory interest from the Disbursement Date, on the amount of capital disbursed by the Bank and pending payment, at an annual nominal interest rate according to that established in numeral 4 of Annex I of the Contract. All calculations of interest will be made based on a year of three hundred sixty (360) days for the real number of days (excluding the initial day but including the maturity day), elapsed in the period for which said interest will be payable. Each determination of the Bank on an amount owed under this Contract will be considered conclusive and mandatory for all purposes, except in the event of manifest error. Interest will be calculated per matured period and will be paid on each Payment Date.
COMPENSATORY INTEREST. Borrower shall pay Interbank compensatory interest on the Principal as from the Disbursement Date until the total Loan is repaid. Compensatory interest shall be calculated for each Interest Period by applying the Compensatory Interest Rate to the balance of Principal. Borrower shall pay the interest set out in this Clause 2.5 (Compensatory Interest) on each Due Date. Interest shall be calculated taking into account the number of days lapsed (including the first day but excluding the last day) during the period of time for which such interest is payable.
COMPENSATORY INTEREST. Promptly following the Effective Date, the Executive shall be granted a Compensatory Interest (as such term is defined in Section 12.5 of the Company’s Limited Liability Company Agreement dated as of June 7, 2007 (the “Operating Agreement”) of the Company representing a four percent (4%) Membership Interest of the Company on a fully diluted as converted basis as of the date hereof (the “Total Unit Grant”), in accordance with the terms set forth below which shall be incorporated into a definitive Profits Interest Grant and Repurchase Agreement (a “Grant Letter”) in a form consistent with the document attached as Exhibit 1:
COMPENSATORY INTEREST. 4.6.1.1 The Debentures will be subject to the payment of Compensatory Interests corresponding to a cumulative variation of 113.90% (one hundred and thirteen point nine percent) of the average daily DI rates (Interbank Deposit Rates for one day, Over Extra–Group – “DI Rates”) expressed in percentage form of the year, on the basis of 252 (two hundred and fifty two) working days, calculated and published on a daily basis by the CETIP in its daily newsletter, available on its Internet page (xxxx://xxx.xxxxx.xxx.xx) calculated in exponential and cumulative form, pro rata temporis for each working day passed. These have a bearing on the Nominal Unit Value of each Debenture from the Date of Issue of the Debentures, according to Clause 4.2.1.1 as described above, until the date on which the Compensatory Interests are effective as according to Clause 4.6.1.2 below (“Compensatory Interests”).
4.6.1.2 The Compensatory Interests corresponding to the Capitalization Period (as defined below) will be paid on a twice–yearly basis as from the Date of Issue, on the 14th of August and February every year until the Due Date of the Debentures, or, if this does not fall on a working day, on the following working day, as appropriate, given that the 1st (first) payment of Compensatory Interests will be made on August 14, 2011.
4.6.1.3 The Compensatory Interests must be calculated in accordance with the following formula: Where:
COMPENSATORY INTEREST. A fee authorized by commercial legislation will be charged, in accordance with the provisions established by the Government, in order to compensate the costs of consumer credit, between natural persons and/or legal entities, in accordance with the provisions established in Article 2221 of the Civil Code.
COMPENSATORY INTEREST. The Borrower shall pay compensatory interest from the date of the First Disbursement on the principal amount actually disbursed by the Bank under the Loan, due and payable, at an annual percentage variable interest rate of LIBOR + 3.20
