Common use of INTEREST REVERSALS Clause in Contracts

INTEREST REVERSALS. 32.1. An accountholder may apply to the Municipality, in the prescribed form, for interest on an account to be reversed. 32.2. Interest on outstanding debt can be reversal when: 32.2.1. an account holder would like some relief from interest in order to facilitate the final settlement of all outstanding debt on his account; 32.2.2. before embarking on litigation to recover outstanding debt, interest reversal is used as a tool to persuade the account holder to settle his outstanding debt in full; 00.0.0. xx the course of litigation, the reversal of interest is used as a negotiating point for the settlement of the matter in court; 32.2.4. Interest reversal may also be initiated by authorised officials in instances where errors with billing have occurred and outstanding arrears should not have accrued interest in the first instance.

INTEREST REVERSALS. 32.1. 33.1 An accountholder may apply to the Municipality, in the prescribed form, for interest on an account to be reversed. 32.2. 33.2 Interest on outstanding debt can be reversal when: 32.2.1. 33.2.1 an account holder would like some relief from interest in order to facilitate the final settlement of all outstanding debt on his account;. 32.2.2. 33.2.2 before embarking on litigation to recover outstanding debt, interest reversal is used as a tool to persuade the account holder to settle his outstanding debt in full;. 00.0.0. xx the course of 33.2.3 during litigation, the reversal of interest is used as a negotiating point for the settlement of the matter in court;. 32.2.4. 33.2.4 Interest reversal may also be initiated by authorised officials in instances where errors with billing have occurred and outstanding arrears should not have accrued interest in the first instance.

INTEREST REVERSALS. 32.1. 32.1 An accountholder may apply to the Municipality, in the prescribed form, for interest on an account to be reversed. 32.2. 32.2 Interest on outstanding debt can be reversal when: 32.2.1. 32.2.1 an account holder would like some relief from interest in order to facilitate the final settlement of all outstanding debt on his account;. 32.2.2. 32.2.2 before embarking on litigation to recover outstanding debt, interest reversal is used as a tool to persuade the account holder to settle his outstanding debt in full;. 00.0.0. xx 32.2.3 in the course of litigation, the reversal of interest is used as a negotiating point for the settlement of the matter in court;. 32.2.4. 32.2.4 Interest reversal may also be initiated by authorised officials in instances where errors with billing have occurred and outstanding arrears should not have accrued interest in the first instance.

INTEREST REVERSALS. 32.1. 32.1 An accountholder may apply to the Municipality, in the prescribed form, for interest on an account to be reversed. 32.2. 32.2 Interest on outstanding debt can be reversal when: 32.2.1. 32.2.1 an account holder would like some relief from interest in order to facilitate the final settlement of all outstanding debt on his account; 32.2.2. 32.2.2 before embarking on litigation to recover outstanding debt, interest reversal is used as a tool to persuade the account holder to settle his outstanding debt in full; 00.0.0. xx 32.2.3 in the course of litigation, the reversal of interest is used as a negotiating point for the settlement of the matter in court; 32.2.4. 32.2.4 Interest reversal may also be initiated by authorised officials in instances where errors with billing have occurred and outstanding arrears should not have accrued interest in the first instance.

INTEREST REVERSALS. 32.1. An accountholder may apply to the Municipality, in the prescribed form, for interest on an account to be reversed. 32.2. Interest on outstanding debt can be reversal when: 32.2.1. an account holder would like some relief from interest in order to facilitate the final settlement of all outstanding debt on his account; 32.2.2. before embarking on litigation to recover outstanding debt, interest reversal is used as a tool to persuade the account holder to settle his outstanding debt in full; 00.0.032.2.3. xx in the course of litigation, the reversal of interest is used as a negotiating point for the settlement of the matter in court; 32.2.432.3. Interest reversal may also be initiated by authorised officials in instances where errors with billing have occurred and outstanding arrears should not have accrued interest in the first instance.