DELAY INTERESTS Sample Clauses

DELAY INTERESTS. Accrual and calculation Notwithstanding the termination right granted to the Lenders, should the Borrower delay the fulfilment of its payment obligation, for whichever cause, even if this happens due to no fault of the Borrower, the latter shall be obliged to satisfy, without need of a prior request in that sense, a delay interest as established under clause 8.2 below. The delay interest shall accrue day on a daily basis, being liquidated at the end of the corresponding month, and will be drawn over the amounts whose re-payment has not been made, taking as base a year of three hundred and sixty (360) days. The accrued and non satisfied interests will be capitalized at the months' end, as if an increase of the capital, thus accruing additional delay interests at the corresponding rate.
Sample 1
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DELAY INTERESTS. 1.- Without prejudice to the right of termination established in Clause TWENTY-ONE, if any of the payments to be made by the BORROWER in respect of any item is not made on the date established in this Agreement, the amounts pending payment shall be deemed capitalised at simple interest and, as from the date following their maturity, shall accrue a Delay Interest in favour of the LENDERS, without the need for any requirement, which shall accrue daily and shall be settled on the payment date by the BORROWER or, as the case may be, monthly, based on a Three Hundred and Sixty (360) day year, and which shall be determined by adding Two (2) points to the Ordinary Rate of Interest. Delay interests shall be paid voluntarily by the BORROWER at any time or, as the case may be, coinciding with the settlement date.
Sample 1
DELAY INTERESTS. 7.7.1 In the event of any delay or default in payment of any amount on the due date, interest shall accrue effective the date of such delay until the date of actual payment at the rate of 29c p. a. Over the effective rate of interest as mentioned in clause
Sample 1
DELAY INTERESTS. If payment is not received within the established period, the Lessor is authorized to debit the Renter the interest charges, according to X.Xxx. 09/10/2002 nr. 231 and following modifications. The application of default interest to the legal extent remains unaffected by the Customer qualifying as a “Consumer”.
Sample 1

Related to DELAY INTERESTS

  • Partnership Interests Except as may otherwise be provided herein, each Partner’s percentage interest in the assets, profits, and distributions of the Partnership (“Partnership Interest”) shall be as set forth in Exhibit B attached hereto and incorporated herein by reference.

  • Membership Interests The Sole Member currently owns one hundred percent (100%) of the percentage interests in the Company.

  • Assigned Interest[s] Assignor[s](5) Assignee[s](6) Aggregate Amount of Commitment for all Lenders(7) Amount of Commitment Assigned Percentage Assigned of Commitment(8) CUSIP Number $ $ % $ $ % $ $ %

  • Best Interests It is in the best interests of each Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate of the Borrower, derive substantial direct and indirect benefits from the Loans made to the Borrower by the Lender pursuant to the Credit Agreement, and each Grantor agrees that the Lender is relying on this representation in agreeing to make such Loans pursuant to the Credit Agreement to the Borrower.

  • Additional Partnership Interests If the Partnership issues Partnership Interests in accordance with Section 4.2 or 4.3, the distribution priorities set forth in Section 5.1 shall be amended, as necessary, to reflect the distribution priority of such Partnership Interests and corresponding amendments shall be made to the provisions of Exhibit B.

  • Profits Interests (a) Class B Units are intended to qualify as a “profits interest” in the Partnership issued to a new or existing Partner in a partner capacity for services performed or to be performed to or for the benefit of the Partnership within the meaning of Rev. Proc. 93-27, 1993-2 C.B. 343, and Rev. Proc. 2001-43, 2001-2 C.B. 191, the Code, the Regulations, and other future guidance provided by the IRS with respect thereto, and the allocations under subparagraph 1(c)(ii) of Exhibit B shall be interpreted in a manner that is consistent therewith.

  • Outside Interests Executive shall not, without the prior written consent of the Company, directly or indirectly, during the term of this Agreement, other than in the performance of duties naturally inherent to the business of the Company and in furtherance thereof, render services of a business, professional or commercial nature to any other person or firm, whether for compensation or otherwise; provided, however, that Executive may attend to outside investments, and serve as a director, trustee or officer of, or otherwise participate in, educational, welfare, social, religious and civic organizations so long as such activities do not materially interfere with his full-time employment hereunder.

  • Pledged Equity Interests Set forth on Schedule 5.21(f), as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Section 6.02, is a list of (i) all Pledged Equity and (ii) all other Equity Interests required to be pledged to the Administrative Agent pursuant to the Collateral Documents (in each case, detailing the Grantor (as defined in the Security Agreement), the Person whose Equity Interests are pledged, the number of shares of each class of Equity Interests, the certificate number and percentage ownership of outstanding shares of each class of Equity Interests and the class or nature of such Equity Interests (i.e. voting, non-voting, preferred, etc.).

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