Interest Collection Sample Clauses

Interest Collection. All amounts due under this Agreement shall accrue interest from the first day following the due date until paid in full at a rate equal to the lesser of the highest rate legally permitted by the Governing Law or one and one-half percent (1.5%) per month. Payment of interest shall not foreclose any other right that Consultant may have as a consequence of such late payment. In the event that Consultant is required to take legal action to collect unpaid amounts, and Consultant is successful in such action, Client shall reimburse all costs and reasonable attorney’s fees incurred by Consultant in such collection.
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Interest Collection. Unless otherwise agreed by both parties, the loan interest under the Contract shall be calculated from the date when the loan funds are transferred to the account of the Borrower, and shall be calculated according to the actual withdrawal amount and the number of days of money used. Interest shall be calculated on the day of interest settlement and included in the current period. Interest calculation formula: interest = principal * actual days * daily interest rate. Daily interest rate conversion formula: Daily interest rate = annual interest rate/360 (Exception: daily interest rate for HKD, SGD and GBP loans = annual interest rate/365).
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Interest Collection. Unless otherwise agreed by both parties, the interest of the loan under this Agreement shall be calculated from the date when the loan funds are transferred to the loan collection account stipulated in the individual credit documents, and shall be calculated according to the actual withdrawal amount and the number of days of use. The interest shall be calculated on the settlement date and included in the current period. Interest calculation formula: interest = principal * actual days * daily interest rate. The calculation base of daily interest rate is 360 days a year, and the conversion formula is: daily interest rate = annual interest rate / 360 (exception: daily interest rate of Hong Kong dollar, Singapore dollar and British pound = annual interest rate / 365).
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Related to Interest Collection

  • Income Collection Unless otherwise directed by Instruction, the Custodian shall collect any amount due and payable to the Fund with respect to Investments and promptly credit the amount collected to a Principal or Agency Account; provided, however, that the Custodian shall not be responsible for: (a) the collection of amounts due and payable with respect to Investments that are in default or (b) the collection of cash or share entitlements with respect to Investments that are not registered in the name of the Custodian or its Subcustodians. The Custodian is hereby authorized to endorse and deliver any instrument required to be so endorsed and delivered to effect collection of any amount due and payable to the Fund with respect to Investments.

  • Allocations of Finance Charge Collections The Servicer shall allocate to the Series 1997-1 Certificateholders and retain in the Collection Account for application as provided herein an amount equal to the product of (A) the Floating Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Finance Charge Receivables deposited in the Collection Account on such Deposit Date.

  • Reallocated Principal Collections On each Distribution Date, the Servicer shall apply, or shall cause the Trustee to apply by written instruction to the Trustee substantially in the form of Exhibit B, Reallocated Principal Collections with respect to such Distribution Date, to make the following distributions or deposits in the following order of priority:

  • Master Servicer Collection Account (a) The Master Servicer shall establish and maintain in the name of the Trustee, for the benefit of the Certificateholders, the Master Servicer Collection Account as a segregated trust account or accounts. The Master Servicer Collection Account shall be an Eligible Account. The Master Servicer will deposit in the Master Servicer Collection Account as identified by the Master Servicer and as received by the Master Servicer, the following amounts:

  • Shared Principal Collections Subject to Section 4.04 of the Agreement, Shared Principal Collections for any Distribution Date will be allocated to Series 2022-3 in an amount equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 2022-3 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series for such Distribution Date. The “Series 2022-3 Principal Shortfall” will be equal to (a) for any Distribution Date with respect to the Revolving Period, zero, (b) for any Distribution Date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to such Distribution Date over the amount of Available Principal Collections for such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections), and (c) for any Distribution Date with respect to the Early Amortization Period, the excess, if any, of the Invested Amount over the amount of Available Principal Collections for such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections).

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