Interest on Indebtedness Clause Samples
Interest on Indebtedness. 6.1 The Client agrees to pay interest to Wintone in respect of any amount, moneys, funds, indebtedness or liabilities owing to Wintone at such rate and calculated in such manner as shall be specified or determined by Wintone from time to time. Any variation of the rate of interest or manner of calculation shall be effected by Wintone without notice to the Client. The interest accrued shall be debited to the Client's account with the Lender and thenceforward such accrued interest shall bear interest at such rate and calculated in such manner as shall be specified or determined by Wintone from time to time. All the interests charged by the Lender under this Clause shall become due and payable forthwith on demand by Wintone.
6.2 If default is made in the payment or discharge of any principal moneys, funds, interest, indebtedness or liabilities hereunder, Wintone is entitled to charge interest on such amount of any principal moneys, funds, indebtedness, liabilities and interest due to Wintone from the date of default until the date of payment or discharge (after as well as before judgment) at such rate and calculated in such manner as shall be specified or determined by Wintone from time to time.
Interest on Indebtedness debt amortization, ground rent, financing and refinancing costs for any mortgage or ground lease or ▇▇▇▇▇▇▇▇▇ of the Building or the Site and transfer taxes, recording costs and taxes, title insurance premiums, title closer’s fees and gratuities and other similar costs incurred in connection with the sale or transfer of an interest in Landlord or the Building;
Interest on Indebtedness. Pay, or cause to be paid, the principal of, and premium, if any, and interest on, any indebtedness thereof for borrowed monies at the times and in the manner specified in the agreements regarding such indebtedness; provided, however, that it shall not be required to pay, or cause to be paid, any such principal of, and premium, if any, and interest on any such indebtedness so long as the legality thereof shall be contested in good faith and by appropriate proceedings an other acts and it shall set aside on its books adequate reserves with respect thereto.
Interest on Indebtedness. Any debt owed by Indemnitor to Company shall bear interest at the rate of ten percent (10%) per annum commencing from the due date, provided however, such rate shall not exceed the maximum interest rate permitted by law on debts owed on commercial transactions.