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.
Appears in 3 contracts
Samples: Revolving Credit Line Agreement, Revolving Credit Line Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.), Revolving Credit Line Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)
Default Interests. In the event of default on the payment of any amounts corresponding to the principal amount of the Credit Line, or in case an Event of Default has occurred and is continuing, the Borrower Borrowers shall pay to the Lender Lenders default interests over the outstanding capital at in an interest rate amount equal to the result of multiplying the Ordinary Interest Rate, Rate multiplied 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.
Appears in 1 contract
Samples: Revolving Credit Line Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)
