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. 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. 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. (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.
(2) The amount paid under the Lessee’s payment obligation shall be applied in the following order: default interests, parking fee, maintenance fee, monthly rent and the Security Deposit.
(3) If the Lessor fails to refund the Security Deposit or to perform any of its payment obligations set forth herein within the prescribed time period, the Lessor shall pay to the Lessee default interests accrued thereon at the rate of 18% per year for the period of default until the date of actual payment or refund.
(4) The default interest set forth in this Agreement shall accrue on the Security Deposit, the monthly rent, the maintenance fee, parking fee, damages for delay in vacation of the leased premises, damages for early termination, or any other payment obligation, irrespective of whether this Agreement is terminated under Article 17 herein or expired, until such unpaid amount has been fully paid.
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”).
Default Interests. 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. The Borrower’s failure to pay the principal, interests, or any other sum of money due in relation to the Loan on their respective due dates shall be subject, in addition to the payment of compensatory interests referred to in Clause 2.05 of the Agreement, to the payment of default interests at the effective annual rate of two percent (2.00%) on the outstanding amount, which the Borrower accepts in addition to the compensatory interests. For the purposes of the provision in the preceding paragraph, and in accordance with the provision of article 1333°, paragraph 1 of the Civil Code, the Borrower shall automatically incur default without the need for any judicial or extrajudicial requirement or notice.
Default Interests. Upon the occurrence, and continuance of an Event of Default, and in addition to the interest rate to be applied, as provided in Section 3.02, default interests (“Default Interests”) shall accrue on the unpaid principal amount of the Loan at the Default Rate. For avoidance of doubt interests (including Default Interests, if any) shall also be accrued on any interest, fee or other amount to be payable hereunder. The Borrower hereby accepts and consents that upon an Event of Default, Default Interests (and any other interest payable hereunder) will be capitalized on a monthly basis.
