Interest for delayed payment Sample Clauses

Interest for delayed payment. In case of cancellation/withdrawal of the allotment of the Apartment in the Project, either by the Owner or by the Allottee, as the case may be, the Owner shall be entitled to deduct interest at the rate specified in the Rules for the period of delay by the Allottee in payment of any amount or installments, as the case may be, before making refund of the amounts paid by the Allottee to the Owner towards the Apartment pursuant to this Agreement
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Interest for delayed payment. In case of cancellation/withdrawal of the allotment of the Unit in the Project, either by the Owner or by the Allottee, as the case may be, the Owner shall be entitled to deduct interest at the rate specified in the Rules for the period of delay by the Allottee in payment of any amount or installments, as the case may be, before making refund of the amounts paid by the Allottee to the Owner towards the Unit pursuant to this Agreement.

Related to Interest for delayed payment

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.

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