Judgment Interest Clause Samples
The Judgment Interest clause establishes the obligation to pay interest on any monetary judgment awarded by a court. Typically, this clause specifies the rate at which interest accrues from the date the judgment is entered until the amount is fully paid, and may reference a statutory rate or a rate agreed upon by the parties. Its core practical function is to compensate the prevailing party for the time value of money lost due to delayed payment, thereby encouraging prompt satisfaction of judgments and discouraging unnecessary delays in payment.
Judgment Interest. To the extent permitted by law, Section 6 of the Judgment Interest Act (Alberta) is hereby waived and shall not apply to this Agreement or the Notes.
Judgment Interest. It is agreed that any judgment entered by a court in favor of Lender against Borrower for payment of the Obligations, or any part thereof, shall provide for post-judgment interest on the amount thereof at a rate equal to the Maximum Rate.
Judgment Interest. Any judgment obtained for sums due hereunder ---------------------- or under the Loan Documents will accrue interest at the Default Rate until paid.
Judgment Interest. In the event the Governmental Lender or the Fiscal Agent obtains a final judgment against the Guarantors upon this Guaranty, the judgment shall bear interest at the judgment rate.
Judgment Interest. If a judgment is entered against a Borrower for the Obligations or any part thereof, the amount of judgment entered (which may include principal, interest, fees and costs) shall bear interest at the Default Rate, but in no event shall bear interest in an amount higher than the maximum rate permitted under applicable law.
Judgment Interest. 33.1 If any Proceedings are brought by or on behalf of any party under this Agreement, each Party agrees it will:
33.1.1 not claim judgment interest under, or in connection with, such Proceedings; and
33.1.2 to the fullest extent permitted by law, waive all and any entitlement it may have to judgment interest awarded in its favour by any court as a result of such Proceedings.
33.2 For the avoidance of doubt, nothing in Clause 33.1 shall be construed as a waiver of rights in respect of Wakala Portfolio Revenues, Required Amounts, Periodic Distribution Amounts, Dissolution Amounts, Exercise Price, Certificateholder Put Option Exercise Price, Tangibility Event Exercise Price, Optional Dissolution Exercise Price, Full Reinstatement Value, Total Loss Shortfall Amount, Murabaha Profit Instalments, Murabaha Profit, Deferred Payment Price or profit or principal of any kind howsoever described payable by the Trustee (in any capacity) or the Bank (in any capacity) pursuant to the Transaction Documents and/or the Conditions or any other document or agreement, howsoever such amounts may be described or re- characterised by any court or arbitral tribunal. Citigroup Centre Canada Square ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇ Attention: Agency and Trust Address: Citibank Europe plc ▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇ Attention: Agency & Trust [Date] [Name of Calculation Agent] [Address] U.S.$5,000,000,000 Trust Certificate Issuance Programme (the Programme) [Specified Currency][amount] Trust Certificates due [year]1 (the Certificates) Dear Sir or Madam We refer to the Amended and Restated Agency Agreement dated 24 January 2022 entered into in respect of the above referenced Programme (as amended or supplemented from time to time, the Agency Agreement) between, inter alios, ourselves, First Abu Dhabi Bank PJSC, the Paying Agent, the Delegate, the Transfer Agent, the Calculation Agent, the Principal Paying Agent and the Registrar, a copy of which has been supplied to you by us. All terms and expressions which have defined meanings in the Agency Agreement shall have the same meanings when used herein.
Judgment Interest. Any judgment entered against us hereunder shall, to the extent permitted by applicable law, bear interest at the highest rate applicable to the Debtor's Liabilities guaranteed hereby.
Judgment Interest. If the Holder obtains judgment on this Note or in respect of any amount owing hereunder, interest at the rate of 6.0% per annum, not in advance, shall be payable on the amount which is outstanding under the said judgment until the payment in full of all amounts due hereunder.