Compounding. (a) Interest which is not paid when due for payment may be capitalised by the Council at intervals which the Council determines from time to time or, if no determination is made, then on the first day of each month. Interest is payable on capitalised interest at the rate and in the manner referred to in this Clause 7.
Compounding. Interest payable under clause 10.1 (“Obligation to pay”) which is not paid when due for payment may be added to the overdue amount by the Financier on the last Business Day of each calendar month. Interest is payable on the increased overdue amount at the Default Rate in the manner set out in clause 10.1 (“Obligation to pay”).
Compounding. To the extent permitted by applicable law, any interest payable under clause 14.1 which is not paid when due for payment may be added to the overdue amount by the Bank. Interest is payable on the increased overdue amount at the Default Rate in the manner set out in clause 14.1.
Compounding. Subject to the other provisions of this Section 2.02, without affecting any of Administrative Agent’s or any Xxxxxx’s rights and remedies hereunder or in respect hereof, all interest (including interest at the Default Rate) on any Loan that is not paid when due shall be added to the outstanding principal balance thereof and thereafter bear interest at the rate then applicable to the outstanding principal balance of such Loan.
Compounding a. Prior to the bid session, each school bus route shall be assigned a compounding site which will be the assigned parking location. A bus operator who temporary bids on a route shall be expected to store the bus at the storage site assigned to the temporary bid route. If the bus operator returns to his/her permanent route he/she shall return to the same storage site. Buses shall not be stored a locations other than the designated storage site unless specifically authorized by the Transportation Department.
Compounding. Any interest not paid when due pursuant to Section 2.3(b) shall be compounded with and added to the principal of the Loan and shall thereafter constitute a part of the Loan hereunder and shall accrue interest at the rate then applicable to the Loan.
Compounding. Interest payable under clause 1.13 (“Obligation to pay interest”) which is not paid when due for payment may be added to the overdue amount by the Seller at intervals which the Seller determines from time to time or, if no determination is made, every 30 days. Interest is payable on the increased overdue amount at the rate set out in clause 1.14 (“Rate of interest”) and in the manner set out in clause 1.13.
Compounding. Buses will be compounded at the bus garage, school or individual bus driver’s house. The least total miles added to the bus route will determine which compound will be used and/or at the discretion of the Transportation Manager
Compounding. Since May 1, 2006, the Borrower and its Subsidiaries have not engaged in compounding of products or other Inventory (other than Supplies or Budesonide) with an aggregate fair market value in excess of $50,000 during any calendar year.
Compounding. Party A and Party B agree that, if with respect to one or more Compounding Periods for a Swap Transaction where "Compounding" or "Flat Compounding" is specified to be applicable the Compounding Period Amount, the Basic Compounding Period Amount or the Additional Compounding Period Amount is a negative number (either due to a quoted negative Floating Rate or by operation of a Spread that is subtracted from the Floating Rate), then the Floating Amount for the Calculation Period in which that Compounding Period or those Compounding Periods occur will be either the sum of all the Compounding Period Amounts or the sum of all the Basic Compounding Period Amounts and all the Additional Compounding Period Amounts in that Calculation Period (whether positive or negative). If such sum is positive, then the Floating Rate Payer with respect to the Floating Amount so calculated will pay that Floating Amount to the other party. If such sum is negative, the Floating Amount with respect to the party that would be obligated to pay that Floating Amount will be deemed to be zero, and the other party will pay to that party the absolute value of the negative Floating Amount as calculated, such payment to be made in accordance with (i) above.
