Common use of Interest & Loan Account Clause in Contracts

Interest & Loan Account. 5.1 The Borrower agrees to pay interest on the loan as per rates mentioned the Schedule to this Agreement and which shall be floating/fixed at all times in relation to and linked to the Index Rate as stated in the schedule to this Agreement and the Interest rate at monthly rest calculated on the daily balance of the loan amount.

Appears in 2 contracts

Samples: Lease Rent Discounting Agreement, www.utkarsh.bank

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Interest & Loan Account. 5.1 5.1. The Borrower agrees to pay interest on the loan Loan as per rates mentioned the Schedule to this Agreement and which the Interest rests shall be floating/fixed calculated at all times in relation to and linked to the Index Rate as stated rates more particularly described in the schedule to this Agreement and the Interest rate at monthly rest calculated on the daily balance of the loan amountSchedule.

Appears in 1 contract

Samples: Term Loan Agreement

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Interest & Loan Account. 5.1 The Borrower agrees to pay interest on the loan as per rates mentioned the Schedule to this Agreement and which shall be floating/fixed at all times in relation to and linked to the Index Rate as stated in the schedule to this Agreement and the Interest rate at monthly rest calculated on the daily balance of the loan amount.

Appears in 1 contract

Samples: Lease Rent Discounting Agreement

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