INTEREST ENTITLEMENT Sample Clauses
INTEREST ENTITLEMENT. In the event that any payment or obligation is not paid in full on the due date, interest will be payable by the defaulting party thereon and calculated at the prime overdraft rate, as determined by the main bankers of the Property Practitioner, plus 2 % per annum calculated from the date of default until the date that the default is remedied, both days being included.
INTEREST ENTITLEMENT. The vendor will be absolutely entitled to any interest which accrues on the deposit unless the purchaser is entitled to a refund of the deposit, in which case the purchaser will be entitled to the interest after deduction of all duties in respect of the investment.