Interest on outstanding amounts Sample Clauses

Interest on outstanding amounts. Amounts owing to Us pursuant to clause 6 accrue interest at the rate of 10% per annum commencing 14 days after the End of the Rental.
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Interest on outstanding amounts. Except as otherwise specifically set forth herein as to the payment of interest, if one party shall owe the other party any amounts of money, such amounts outstanding from time to time shall accrue interest at the Interest Rate as may be applicable from time to time, from the date that any notice is given that such amount is owed until the date of payment of the amount owed in full.
Sample 1
Interest on outstanding amounts. (a) The Customer must pay interest on any amount due to ElectraNet under this agreement and not paid by the due date for payment. Such interest will: (i) accrue daily at the Default Rate, for each day the due date until the amount is paid; (ii) be payable in arrears on the first Business Day of each calendar month; (iii) be calculated on actual days elapsed and a 365 day year; and (iv) at ElectraNet’s discretion, be capitalised on the final Business Day of each calendar month. (b) The Customer’s obligation to pay the Fees and Charges or any other amount payable under this agreement by the Customer on the due date for payment of those Fees and Charges or that amount will not be affected by this clause 8.3. (c) The Customer acknowledges and agrees that the Default Rate is a genuine estimate of the Damage that ElectraNet would likely suffer as a result of the Customer failing to pay any portion of an invoice when due.
Sample 1
Interest on outstanding amounts. Where payment of any amount due is not made on the due date, without limiting any other remedies it may have, MagicOrange shall be entitled to: 8.4.1 charge interest on the outstanding amount at a rate of 3% (three percent) above the prime overdraft rate (percent, per annum) charged by MagicOrange’s then-current bankers from time to time, as evidenced by any manager of the bank, whose authority it shall not be necessary to prove. Interest shall be calculated from the due date of payment to the date of actual payment, both days inclusive, compounded daily in arrears and the Client agrees and undertakes to pay on demand the penalty interest, which it hereby accepts as fair and reasonable; and 8.4.2 without prejudice to any other right or remedy it may have, and without liability to the Client, halt the provision of any Services as MagicOrange (in its sole discretion) chooses until all payments in arrears have been paid in full.
Sample 1
Interest on outstanding amounts. (a) The Customer must pay interest on any amount due to ElectraNet under this agreement and not paid by the due date for payment. Such interest will: (1) accrue daily at the Default Rate, for each day the due date until the amount is paid; (2) be payable in arrears on the first Business Day of each calendar month; (3) be calculated on actual days elapsed and a 365 day year; and (4) at ElectraNet’s discretion, be capitalised on the final Business Day of each calendar month. (b) The Customer’s obligation to pay the Fees and Charges or any other amount payable under this agreement by the Customer on the due date for payment of those Fees and Charges or that amount will not be affected by this clause 8.3. (c) The Customer acknowledges and agrees that the Default Rate is a genuine estimate of the Damage that ElectraNet would likely suffer as a result of the Customer failing to pay any portion of an invoice when due.
Sample 1
Interest on outstanding amounts. (a) If any amount you owe to us remains unpaid, then we reserve the right to charge interest on the principal plus any interest already incurred. (b) Interest will accrue at the rate of twelve percent per annum and be calculated monthly from the due date until the date of payment.
Sample 1
Interest on outstanding amounts. Amounts owing to Us pursuant to clause 10.7(b) accrue interest at the rate of 10% per annum commencing 14 days after the End of the Rental. Default in payment If You default in the payment of any moneys owed to Us under the Rental Contract, You authorise Us to provide information of that default to a credit reporting body and to obtain an up to date consumer credit report on You. Personal information may be used and disclosed by the credit reporting body in accordance with the Privacy Act to create or maintain a credit information file containing information about You, including defaults in excess of 60 days and the debt owed to Us. If: (a) Your booking is cancelled within 24 hours prior to the Start of the Rental; or (b) You fail to notify Us of Your intended cancellation prior to the Start of the Rental and fail to pick up the Vehicle, any booking deposit We have received to confirm Your rental over a peak period will be forfeited. 12.1 We will provide a Vehicle of acceptable quality and in good working condition, but breakdowns do occur. Twenty-four- hour roadside assistance is provided free of charge for breakdowns (but not for Accidents) and in the event of a breakdown You must contact Us on 00 0000 0000 during business hours or after hours on the roadside assistance phone numbers on the key tags of the Vehicle. Calling the breakdown number on the key tag may incur additional costs. 12.2 If the fault cannot be rectified immediately, we will recover and repair the Vehicle as soon as possible but if it cannot be repaired, we will use Our best endeavours to provide a replacement Vehicle where one is available. 12.3 We are also not responsible for: (a) Damage as a result of use of the incorrect fuel type; (b) a flat battery because the lights or entertainment system have been left on; (c) tyre changing; (d) lost keys or remote control device; or (e) keys or remote control device locked in the Vehicle. Extra charges will apply if any of these services are provided at Your request. 12.4 Subject to the Australian Consumer Law, we are not responsible for: (a) flights You have missed; (b) holiday plans that are disrupted; (c) loss of enjoyment; or (d) consequential or economic loss. 13.1 If You or an Authorised Driver has an Accident or if the Vehicle is stolen, you must report the Accident or theft to Us within 24 hours of it occurring and fully complete an Accident/Theft report form. 13.2 If the Vehicle is stolen or if You or an Authorised Driver of the Vehi...
Sample 1
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Related to Interest on outstanding amounts

  • Interest on Advances Each Borrower shall pay interest on the unpaid principal amount of each Advance made to such Borrower by each Bank from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Interest on Swing Loans Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit as from time to time in effect (computed on the basis of a year of 365 or 366 days, as the case may be, for the actual number of days elapsed). Interest on each Swing Loan shall be due and payable by the Borrower on each Interest Payment Date and at maturity (whether by acceleration or otherwise).

  • Interest on Loans (a) Except as otherwise set forth herein, each Class of Loans shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows: (i) in the case of Term Loans and Revolving Loans: (A) if a Base Rate Loan, at the Base Rate plus the Applicable Margin; or (B) if a Eurodollar Rate Loan, at the Adjusted Eurodollar Rate plus the Applicable Margin; and (ii) in the case of Swing Line Loans, at the Base Rate plus the Applicable Margin. (b) The basis for determining the rate of interest with respect to any Loan (except a Swing Line Loan which can be made and maintained as a Base Rate Loan only), and the Interest Period with respect to any Eurodollar Rate Loan, shall be selected by the Borrower and notified to the Administrative Agent and Lenders pursuant to the applicable Borrowing Notice or Conversion/Continuation Notice, as the case may be; provided, that until the date on which the Administrative Agent notifies the Borrower that the primary syndication of the Loans and Revolving Commitments has been completed, as determined by the Administrative Agent, the Term Loans shall be maintained as either (1) Eurodollar Rate Loans having an Interest Period of no longer than one month or (2) Base Rate Loans. If on any day a Loan is outstanding with respect to which a Borrowing Notice or Conversion/Continuation Notice has not been delivered to the Administrative Agent in accordance with the terms hereof specifying the applicable basis for determining the rate of interest, then for that day such Loan shall be a Base Rate Loan. (c) In connection with Eurodollar Rate Loans there shall be no more than five (5) Interest Periods outstanding at any time. In the event the Borrower fails to specify between a Base Rate Loan or a Eurodollar Rate Loan in the applicable Borrowing Notice or Conversion/Continuation Notice, such Loan (if outstanding as a Eurodollar Rate Loan) shall be automatically converted into a Base Rate Loan on the last day of the then-current Interest Period for such Loan (or if outstanding as a Base Rate Loan shall remain as, or (if not then outstanding) shall be made as, a Base Rate Loan). In the event the Borrower fails to specify an Interest Period for any Eurodollar Rate Loan in the applicable Borrowing Notice or Conversion/Continuation Notice, the Borrower shall be deemed to have selected an Interest Period of one month. As soon as practicable after 10:00 a.m. (New York City time) on each Interest Rate Determination Date, the Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the Eurodollar Rate Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to the Borrower and each Lender. (d) Interest payable pursuant to Section 2.08(a) shall be computed (i) in the case of Base Rate Loans on the basis of a 365-day or 366-day year, as the case may be and (ii) in the case of Eurodollar Rate Loans, on the basis of a 360-day year, in each case for the actual number of days elapsed in the period during which it accrues. In computing interest on any Loan, the date of the making of such Loan or the first day of an Interest Period applicable to such Loan or, with respect to a Term Loan, the last Interest Payment Date with respect to such Term Loan or, with respect to a Base Rate Loan being converted from a Eurodollar Rate Loan, the date of conversion of such Eurodollar Rate Loan to such Base Rate Loan, as the case may be, shall be included, and the date of payment of such Loan or the expiration date of an Interest Period applicable to such Loan or, with respect to a Base Rate Loan being converted to a Eurodollar Rate Loan, the date of conversion of such Base Rate Loan to such Eurodollar Rate Loan, as the case may be, shall be excluded; provided, that if a Loan is repaid on the same day on which it is made, one day’s interest shall be paid on that Loan. (e) Except as otherwise set forth herein, interest on each Loan (i) shall accrue on a daily basis and shall be payable in arrears on each Interest Payment Date with respect to interest accrued on and to each such payment date; (ii) shall accrue on a daily basis and shall be payable in arrears upon any prepayment of such Loan, whether voluntary or mandatory, to the extent accrued on the amount being prepaid; and (iii) shall accrue on a daily basis and shall be payable in arrears at maturity of such Loan, including final maturity of such Loan; provided, that with respect to any voluntary prepayment of a Base Rate Loan, accrued interest shall instead be payable on the applicable Interest Payment Date. (f) The Borrower agrees to pay to the Issuing Bank, with respect to drawings honored under any Letter of Credit, interest on the amount paid by the Issuing Bank in respect of each such honored drawing from the date such drawing is honored to but excluding the date such amount is reimbursed by or on behalf of the Borrower at a rate equal to (i) for the period from the date such drawing is honored to but excluding the applicable Reimbursement Date, the rate of interest otherwise payable hereunder with respect to Revolving Loans that are Base Rate Loans and (ii) thereafter, a rate which is 2.00% per annum in excess of the rate of interest otherwise payable hereunder with respect to Revolving Loans that are Base Rate Loans. (g) Interest payable pursuant to Section 2.08(f) shall be computed on the basis of a 365/366-day year for the actual number of days elapsed in the period during which it accrues, and shall be payable on demand or, if no demand is made, on the date on which the related drawing under a Letter of Credit is reimbursed in full. Promptly upon receipt by the Issuing Bank of any payment of interest pursuant to Section 2.08(f), the Issuing Bank shall distribute to each Lender, out of the interest received by the Issuing Bank in respect of the period from the date such drawing is honored to but excluding the date on which the Issuing Bank is reimbursed for the amount of such drawing (including any such reimbursement out of the proceeds of any Revolving Loans), the amount that such Lender would have been entitled to receive in respect of the letter of credit fee that would have been payable in respect of such Letter of Credit for such period if no drawing had been honored under such Letter of Credit. In the event the Issuing Bank shall have been reimbursed by Lenders for all or any portion of such honored drawing, the Issuing Bank shall distribute to each Lender which has paid all amounts payable by it under Section 2.04(e) with respect to such honored drawing such Lender’s Pro Rata Share of any interest received by the Issuing Bank in respect of that portion of such honored drawing so reimbursed by Lenders for the period from the date on which the Issuing Bank was so reimbursed by Lenders to but excluding the date on which such portion of such honored drawing is reimbursed by the Borrower.

  • Interest on Unpaid Balances Interest on any unpaid amount (including amounts placed in escrow) shall be calculated in accordance with the method specified for interest on refunds in the Commission’s regulations at 18 C.F.R. § 35.19a (a)(2)(iii). Interest on unpaid amounts shall be calculated from the due date of the xxxx to the date of payment. Invoices shall be considered as having been paid on the date of receipt of payment.

  • Interest on Swingline Loans Subject to the provisions of Section 2.8, Swingline Loans shall bear interest at a per annum rate equal to the Alternate Base Rate plus the Applicable Margin for Revolving Loans that are Alternate Base Rate Loans. Interest on Swingline Loans shall be payable in arrears on each Interest Payment Date.

  • Interest on Payments Any payment by the Receiver pursuant to Section 2.6(d) shall be made together with interest on the amount thereof that accrues with effect from five (5) Business Days after the date on which payment was agreed or determined to be due until such amount is paid. The annual interest rate shall be determined by the Receiver based on the coupon equivalent of the three (3)-month U.S. Treasury Xxxx Rate in effect as of the first Business Day of each Calendar Quarter during which such interest accrues as reported in the Federal Reserve Board Statistical Release for Selected Interest Rates H.15 opposite the caption “Treasury bills (secondary market), 3-Month” or, if not so reported for such day, for the next preceding Business Day for which such rate was so reported.

  • Interest on Overdue Amounts 22.1 Any Licence Fee which is payable and remains unpaid for a period in excess of 30 (thirty) days from the date of the invoice, will attract interest at the current legal rate, calculated in accordance with the interest rate prescribed by the Minister of Justice in accordance with the Prescribed Rate of Interest Act 55 of 1975, as amended. 22.2 Such interest will be calculated monthly in advance and is payable by the Licensee to SAMRO on demand.

  • Interest on Revolving Loans The outstanding principal amount of each Revolving Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Revolving Loan is a Base Rate Loan, the Base Rate plus the Applicable Revolving Loan Margin and (ii) during such periods as such Revolving Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Revolving Loan Margin.

  • Interest on Overdue Payments (a) If the User fails to pay an invoice by the Due Date, the User must, if required by the Service Provider, pay the Service Provider interest on any amount outstanding. (b) Interest will be calculated from the Due Date to the actual date of payment (both inclusive) at an annual percentage rate equal to the aggregate of: (i) the corporate overdraft reference rate (monthly charging cycle) applied by the Commonwealth Bank of Australia (Bank) as at the Due Date (or if the Bank ceases to quote such a rate, then the rate which in the opinion of the Bank is equivalent to such rate in respect of similar overdraft accommodation) expressed as a percentage; plus (ii) 2 per cent per annum.

  • INTEREST ON PAST-DUE OBLIGATIONS Except as expressly herein provided, any amount due to Lessor not paid when due shall bear interest at the maximum rate then allowable by law from the date due. Payment of such interest shall not excuse or cure any default by Lessee under this Lease, provided, however, that interest shall not be payable on late charges incurred by Lessee nor on any amounts upon which late charges are paid by Lessee.

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