Common use of Compound interest Clause in Contracts

Compound interest. The right of the Bank to charge compound interest as conferred on the Bank by this Agreement shall subsist and continue to subsist notwithstanding the covenant by the Borrower to pay interest monthly in arrears and notwithstanding the issue and/or service of a demand for payment of monies or any of the monies intended to be hereby secured and/or notwithstanding that the relationship of banker-borrower between the parties hereto shall have ceased for any reason or by any cause whatsoever.

Compound interest. The right rights of the Bank to charge compound interest as conferred on the Bank by this Agreement shall subsist and continue to subsist notwithstanding the covenant by the Borrower to pay interest on daily rests basis, monthly in arrears and notwithstanding the issue and/or service of a demand for payment of monies or any of the monies intended to be hereby secured and/or notwithstanding that the relationship of banker-borrower between the parties hereto shall have ceased for any reason or by any cause whatsoever.

Compound interest. The right rights of the Bank to charge compound interest as conferred on the Bank by this Agreement shall subsist and continue to subsist notwithstanding the covenant by the Borrower to pay interest on daily rest basis monthly in arrears and notwithstanding the issue and/or service of a demand for payment of monies or any of the monies intended to be hereby secured and/or notwithstanding that the relationship of banker-borrower between the parties hereto shall have ceased for any reason or by any cause whatsoever.

Compound interest. The right rights of the Bank to charge compound interest as conferred on the Bank by this Agreement shall subsist and continue to subsist notwithstanding the covenant by the Borrower to pay interest monthly in arrears and notwithstanding the issue and/or service of a demand for payment of monies moneys or any of the monies moneys intended to be hereby secured and/or notwithstanding that the relationship of banker-borrower between the parties hereto shall have ceased for any reason or by any cause whatsoever.

Compound interest. The right rights of the Bank to charge compound interest as conferred on the Bank by this Agreement shall subsist and continue to subsist notwithstanding the covenant by the Borrower to pay interest monthly in arrears and notwithstanding the issue and/or service of a demand for payment of monies moneys or any of the monies moneys intended to be hereby secured and/or notwithstanding that the relationship of banker-borrower between the parties hereto shall have ceased for any reason or by any cause whatsoever.