Common use of Interest Compounding Clause in Contracts

Interest Compounding. At the Bank's sole option in each instance, any interest, fees or costs which are not paid when due under this Agreement shall bear interest from the due date at the Bank's Prime Rate plus 1 percentage points. This may result in compounding of interest.

Appears in 2 contracts

Samples: Business Loan Agreement (Ashworth Inc), Business Loan Agreement (Edelbrock Corp)

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Interest Compounding. At the Bank's sole option in each instance, any interest, fees or costs which are not paid when due under this Agreement shall bear interest from the due date at the Bank's Prime Reference Rate plus 1 1.00 percentage pointspoint. This may result in compounding of interest.

Appears in 2 contracts

Samples: Business Loan Agreement (Cohu Inc), Business Loan Agreement (Sport Chalet Inc)

Interest Compounding. At the Bank's sole option in each instance, any interest, fees or costs which are not paid when due under this Agreement shall bear interest from the due date at the Bank's Prime Rate plus 1 percentage pointsReference Rate. This may result in compounding of interest.

Appears in 1 contract

Samples: Business Loan Agreement (Quidel Corp /De/)

Interest Compounding. At the Bank's sole option in each instance, any interest, fees or costs which are not paid when due under this Agreement shall bear interest from the due date at the Bank's Prime Reference Rate plus 1 2.00 percentage points. This may result in compounding of interest.

Appears in 1 contract

Samples: Business Loan Agreement (SRS Labs Inc)

Interest Compounding. At the Bank's sole option in each instance, any interest, fees or costs which are not paid when due under this Agreement shall bear interest from the due date at an annual rate equal to the Bank's Prime Reference Rate plus 1 1.00 percentage pointspoint. This may result in compounding of interest.

Appears in 1 contract

Samples: Business Loan Agreement (E Tek Dynamics Inc)

Interest Compounding. At the Bank's sole option in each instance, any interest, fees or costs which are not paid when due under this Agreement shall bear interest from the due date at the Bank's Prime Reference Rate plus 1 2 percentage points. This may result in compounding of interest.

Appears in 1 contract

Samples: Business Loan Agreement (Calavo Growers Inc)

Interest Compounding. At the Bank's sole option in each instance, any interest, fees or costs which are not paid when due under this Agreement shall bear interest from the due date at the Bank's Prime Reference Rate plus 1 two (2.00) percentage points. This may result in compounding of interest.

Appears in 1 contract

Samples: Business Loan Agreement (Jerrys Famous Deli Inc)

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Interest Compounding. At the Bank's sole option in each instance, any interest, fees or costs which are not paid when due under this Agreement shall bear interest from the due date at the Bank's Prime Reference Rate plus 1 1.0 percentage pointspoint. This may result in compounding of interest.

Appears in 1 contract

Samples: Business Loan Agreement (Cost Plus Inc/Ca/)

Interest Compounding. At the Bank's sole option in each instance, any interest, fees fee or costs which are not paid when due under this Agreement shall bear interest from the due date at the Bank's Prime Rate plus 1 percentage pointsReference Rate. This may result in compounding of interest.

Appears in 1 contract

Samples: Business Loan Agreement (Longs Drug Stores Corp)

Interest Compounding. At the Bank's sole option in each instance, any interest, fees or costs which are not paid when due under this Agreement shall bear interest from the due date at the Bank's Prime Reference Rate for Facility No. 1, at the Bank's Reference Rate plus 1 0.5 percentage pointspoint for Facility No. 2 and at the Bank's Reference Rate plus 0.25 percentage point for Facility No. 3. This may result in compounding of interest.

Appears in 1 contract

Samples: Business Loan Agreement (Tab Products Co)

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