Common use of Default Rate of Interest Clause in Contracts

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the Loan Interest Rate plus 2.0% per annum.

Appears in 5 contracts

Samples: Purchase, Sale and Contribution Agreement, Purchase, Sale and Contribution Agreement (Golar LNG Partners LP), Loan Agreement

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Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the Loan Interest Rate plus 2.0% rate of 2 per cent. per annum.

Appears in 4 contracts

Samples: Loan Agreement (Golar LNG LTD), Purchase, Sale and Contribution Agreement (Golar LNG Partners LP), Loan Agreement (Golar LNG Partners LP)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the Loan Interest Rate plus 2.0% rate per annumannum determined by the Issuer to be 1.5 per cent. above, the rate set out in Clause 6.3.

Appears in 3 contracts

Samples: Guarantee Facility Agreement (TBS International PLC), Guarantee Facility Agreement (TBS International LTD), Guarantee Facility Agreement (TBS International LTD)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the Loan Interest Rate plus 2.0% rate per annum.annum determined by the Agent to be two percent (2%) above: Confidential

Appears in 1 contract

Samples: Credit Agreement (Scorpio Bulkers Inc.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment): in the case of any principal (including any capitalised interest) at the Loan Interest Rate rate of thirteen point seven (13.7) per cent. (representing the fixed interest payable pursuant to Clause 5.2 plus 2.0% one (1) per cent. per annum.); and

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Holdings Inc.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the Loan Interest Rate plus 2.0% per annum.):

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the Loan Interest Rate plus 2.0% a fixed rate of 8.75 per cent. per annum.

Appears in 1 contract

Samples: Loan Agreement (Golar LNG Partners LP)

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Default Rate of Interest. Interest shall accrue on an overdue amount (and any unpaid interest with respect thereto) from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the Loan Interest Rate plus 2.0rate of 2% per annum.

Appears in 1 contract

Samples: Loan Agreement (GasLog Partners LP)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the Loan Interest Rate plus 2.0% rate per annum.annum determined by the Agent to be 2.00 per cent. above:

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Default Rate of Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the Loan Interest Rate plus 2.0% per annum.actual

Appears in 1 contract

Samples: Purchase, Sale and Contribution Agreement

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