Common use of No Payment of Interest Clause in Contracts

No Payment of Interest. For the avoidance of doubt and notwithstanding any other provision to the contrary herein contained, it is hereby agreed and declared that nothing in this Agreement shall oblige any party hereto nor shall any party be entitled to pay interest (by whatever name called) on any amount due or payable to any of the other parties hereto or to receive any interest on any amount due or payable to such party.

Appears in 3 contracts

Samples: Asset Purchase Agreement, Asset Sale Agreement, Murabahah Facility Agreement

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No Payment of Interest. β€Œ For the avoidance of doubt and notwithstanding any other provision to the contrary herein contained, it is hereby agreed and declared that nothing in this Agreement shall oblige any party hereto nor shall any party be entitled to pay interest (by whatever name called) on any amount due or payable to any of the other parties hereto or to receive any interest on any amount due or payable to such party.

Appears in 1 contract

Samples: Murabahah Facility Agreement

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