Default Interests. 6.4.1. In case of a delay in payment with respect to the agreed deadline, the Seller can ask the default interests to the Buyer at the rate set by the EC Directive no. 35/2000. The interests count starts from the deadline for payment and ends the day of the actual payment. It is understood that the Seller keeps his rights to claim for any possible damage.
Default Interests. If the CLIENT does not fully cover the Total Amount of the Credit (in the case of payment in a single exhibition) or any Partial Payment, he/she must pay to MONEYMAN the default interest accrued daily as of the date on which it is paid and until its total settlement; it will be calculated by multiplying the default interest rate indicated in the Cover of the Credit Contract for the balance due and not paid, until the Total Amount of the Credit or the Partial Payment in question has been paid completely.
Default Interests. In the event of default on the payment of any amounts corresponding to the principal amount of the Credit Line, the Borrower shall pay to the Lender default interests over the outstanding capital at an interest rate equal to the result of multiplying the Ordinary Interest Rate, by 1.25 (one point twenty five) times, in the understanding that the default interests will be calculated on a daily basis over the entire default period.
Default Interests. (1) If the Lessee fails to pay the monthly rent, maintenance fee hereunder and the taxes and public imposts set forth in Article 8 below, or to perform any of its payment obligations set forth in this Agreement within the prescribed time period, the Lessee shall pay to the Lessor default interests accrued thereon at the rate of 18% per year for the period of default until the date of actual payment. In the event that Lessor applies the Security Deposit toward the payment of an unpaid amount as set forth in Article 3(5) above, the payment shall be deemed to be made on the date on which the Lessee actually makes up the deducted portion from the Security Deposit.
Default Interests. Both parties shall specify the default interests against financing under this Agreement and default interests against embezzlement of loan and its charging rules via negotiation in the financing amount sheet or financing attachments.
Default Interests. In the event any of the Parties fail to comply with any of its obligations consisting of paying an amount of money under this Contract, the breaching Party shall recognize and pay the other default interest calculated at the highest current legal rate.
Default Interests. (1) If the Lessee fails to pay the monthly rent, maintenance fee hereunder and the taxes and public imposts set forth in Article 8 below, or to perform any of its payment obligations set forth in this Agreement within the prescribed time period, the Lessee shall pay to the Lessor default interests accrued thereon at the general loan rate of insurance companies calculated pro rata for the number of days from the due date to the actual payment date. In the event that Lessor applies the Security Deposit toward the payment of an unpaid amount as set forth in Article 3(5) above, the payment shall be deemed to be made on the date on which the Lessee actually makes up the deducted portion from the Security Deposit.
Default Interests. (a) If a Guarantor fails to pay any amount under this Agreement on its due date, default interest shall accrue on such overdue amount from the due date up to the date of actual payment (both before and after judgment) at a rate which is equal to the sum of (i) the rate of interest which at the time applies to the Secured Obligations in respect of which the relevant demand under this Agreement was made (which, for the avoidance doubt, shall not include the rate of any default interest which applies to those Secured Obligations) and (ii) 3.00 per cent. per annum.
Default Interests. EIGHTH. In case the Borrower does not pay punctually an amount it must cover in favor of the Bank in accordance to this Agreement, excepting interests, said amount will accrue default interests as of the date of its maturity until it is completely paid, interests that will accrue daily, that will be paid immediately and in accordance to an annual rate equal to the ordinary interests rate, plus 2 (two) percentage points. To calculate default interests, the annual applicable default interest rate will be divided by 360 (THREE HUNDRED AND SIXTY) and the quotient will be applied to the unpaid and matured balances, thus resulting the default interest for each day, which the Borrower has agreed to pay in the terms of this Agreement.
Default Interests. IF THE BORROWER DOES NOT PAY ON THE CORRESPONDING DATE ANY OF THE AMOUNTS THAT IT MUST PAY IN ACCORDANCE WITH THE PROVISIONS OF THIS AGREEMENT, THE UNPAID AMOUNT WILL ACCRUE INTEREST FROM THE DATE DUE UNTIL THE DATE ON WHICH THE PAYMENT IS MADE EFFECTIVELY AT AN ANNUAL INTEREST RATE OF 13%. The default interest referred to in this Clause will also be considered as the procedural default interest for the purposes of the provisions of Article 576 of Spanish Law 1/2000, of 7 January, on Civil Procedure (the “Civil Procedure Law”).
