ORDINARY INTERESTS. The CLIENT agrees to pay MONEYMAN for this Credit and without prior requirement or collection, for ordinary interest for one or more periods, on unpaid balance, at a fixed interest rate indicated in the Cover of the Credit Contract. The ordinary interest will be generated from the date of deposit of the amount indicated in clause 1 and until the total settlement of the Credit and will be demanded only for expired periods, except as stipulated in the clause (advanced payment).
ORDINARY INTERESTS. The Borrower shall pay the Bank, without prior request, ordinary interests on all outstanding amounts payable, which shall be calculated and payable per “Interests Period” at the Ordinary Interest Rate. The calculation of interest will be performed using the number of calendar days that have elapsed with a base year of three hundred and sixty (360) days. The interests will be calculated and payable quarterly on the last day of each Interest Period; in the understanding that, if such day is not a Business Day, the payment will be made on the Business Day immediately thereafter. Notwithstanding the foregoing, the Borrower, the Joint Obligors and the Bank agree if the LIBOR Rate cannot be determined for a specific Interests Period, then: (a) the applicable interest rate will be the Alternate Rate in Dollars, or (b) in the event that the Alternate Rate in Dollars cannot be determined, the Banks, Borrower and the Joint Obligors shall negotiate in good faith and agree on the interest rate that will be used for the corresponding Interest Period, and (c) in the case that the parties do not agree on the applicable interest rate for the applicable Interests Period within 10 (ten) Business Days from the Determination Date for the interests, the Bank shall determine (and shall deliver to the Borrower and the Joint Obligors a certificate containing the basis for such determination) the applicable interest rate over such period reflecting the financial costs of the Banks, and such rate shall be applied for the applicable Interest Period.
ORDINARY INTERESTS. SEVENTH. The Borrower agrees to pay the Bank, during the effectiveness period of this Agreement, ordinary interests on the unpaid balance of the Credit if direct withdrawals were effected, which will be calculated for withdrawals in Pesos, at an annual rate equivalent to the TIIE Rate (as defined below) plus the Applicable Margin (as defined below), and for the withdrawals in Dollars, at an annual rate equivalent to the Libor Rate (as defined below) plus the Applicable Margin. The interest rates determined in accordance to what is set forth in the foregoing paragraph, will appear in the Promissory Notes as long as the Borrower documents said withdrawals from the Credit. The interests will accrue as of the date of partial or total withdrawal of the Credit and will have to be paid to the Bank on each Interest Payment Date (as defined below). In the assumption that a Payment Date were not a Business Day (as defined below), said payment will be made on the immediately following Business Day, with the corresponding interest recalculation. By virtue of this Agreement:
ORDINARY INTERESTS. The Borrower shall pay the Bank, without prior request, ordinary interests on all outstanding amounts payable, which shall be calculated and payable per expired Interests Period at the Ordinary Interest Rate. The interests shall be calculated and payable on the corresponding Interests Payment Date. The calculation of interest will be performed using the number of calendar days that have elapsed between each Interests Payment Date and the following, with a base year of three hundred and sixty (360) days.
ORDINARY INTERESTS. The Borrowers shall pay the Lenders ordinary interests on all outstanding amounts payable, which shall be calculated per “Interests Periods” in conformity with the Ordinary Interest Rate. The interests shall be calculated and payable in the A Interest Payment Date or the B Interest Payment Date as applicable. The calculation of interest will be performed using the number of calendar days that have elapsed between each Interest Payment Date with a base year of three hundred and sixty (360) days. Notwithstanding the foregoing, the Borrowers, the Joint Obligors and the Lenders agree that if the LIBOR Rate cannot be determined for such Interest Period, then: (a) the applicable interest rate will be the Alternative Rate in Dollars, or (b) in the event that the Alternative Rate in Dollars cannot be determined, the Lenders, Borrowers and the Joint Obligors shall negotiate in good faith and agree on the interest rate that will be used for the corresponding Interest Period, (c) in the case that the parties do not agree on the applicable interest rate within 10(ten) Business Days from the determination date for the interests, the Lenders shall determine (and shall deliver to the Borrowers and the Joint Obligors a certificate containing the basis for such determination) the applicable interest rate over such period reflecting the financial costs of the Lenders, and such rate shall be applied for the Interest Period.
ORDINARY INTERESTS. The CLIENT is obliged to pay AVAFIN, ordinary interest on the unpaid balance of the PRINCIPAL AMOUNT OF THE CREDIT, according to a fixed annual ORDINARY INTEREST RATE, which may range from a range of % ( percent), to ._ % ( percent), plus Value Added Tax (VAT), if applicable. The ORDINARY INTEREST RATE will be determined by the algorithm determined by AVAFIN, depending on the analysis of the credit history of the CLIENT, provided by any of the Credit Information Companies, the information provided by the CLIENT during the CREDIT APPLICATION, as well as the validity of the CONTRACT. The calculation of interest is computed on a daily basis from the day indicated in the AMORTIZATION TABLE, which may be consulted by the CLIENT in his personal account on the AVAFIN WEB PORTAL. The ordinary interest will be calculated as follows: PRINCIPAL AMOUNT OF THE CREDIT multiplied by the result of dividing the FIXED ANNUAL ORDINARY INTEREST RATE established in the CARÁTULA by 360, where said result must be multiplied by the number of days elapsed since the opening of the credit and the PAYMENT DEADLINE DATE. Payment of interest may not be demanded by AVAFIN in advance, but only for periods in arrears. The PARTIES agree that during the term of this CONTRACT the amount of ordinary interest may not be modified, except in case of restructuring with the prior consent of the CLIENT.
ORDINARY INTERESTS. This Agreement will cause interest in favor of THE LESSOR. In such a way, THE LESSEE will pay The LESSOR, precisely on the **** of each month, and in the event of day off or unworkable, the payment has ti be made the next immediate business day, the ordinary interest on the insolute balance of the Monthly Leveled Income subject to this Lease, will be calculated at an annual rate that will be equal to *****%per cent, which will be divided by 360 , multiplying the result thus obtained by 30 thirty days and the product obtained will be multiplied by the amount of the unsolute balance at the time of calculation, in order to be applicable monthly from the date of signature of this Lease until the date of its final expiration. Ordinary interest not covered on the date of payment shall incur default charges and interest in accordance with clause nine(c) and (D) of this Agreement. FIFTH. - ADDITIONAL FINANCING FOR THE PAYMENT OF INTEREST (if applicable). Notwithstanding the agreed in the previous paragraph, "THE LESSOR " may grant "to THE LESSOR " additional financing for the payment of such interest, which in turn will be awarded with FIRA resources, so they will be subject to the terms and conditions set out in this clause, on the understanding that the total amount of interest accrued will accrue to the main luck on the date of payment of the same, becoming part of the interest calculation base of the following month and so on until maturity of the principal or an early recovery occurs, so the total amount generated as a result of such additional financing shall be payable in conjunction with the principal fate of the credit provision in question. "THE LESSOR" requests and empowers "THE LESSOR" from this moment to grant you the additional financing for the payment thereof referred to in the preceding paragraph, accepting the terms and conditions referred to therein.
ORDINARY INTERESTS. This Agreement will cause interest in favor of THE LESSOR. In such a way, THE LESSEE will pay The LESSOR, precisely on the **** of each month, and in the event of day off or unworkable, the payment has ti be made the next immediate business day, the ordinary interest on the insolute balance of the Monthly Leveled Income subject to this Lease, will be calculated at an annual rate that will be equal to *****%per cent, which will be divided by 360 , multiplying the result thus obtained by 30 thirty days and the product obtained will be multiplied by the amount of the unsolute balance at the time of calculation, in order to be applicable monthly from the date of signature of this Lease until the date of its final expiration. Ordinary interest not covered on the date of payment shall incur default charges and interest in accordance with clause nine(c) and (D) of this Agreement.
ORDINARY INTERESTS. The withdrawals made by the BORROWER from the amount of the LOAN, shall bear ordinary interests over the outstanding balance from the date the withdrawal in question was made, until the date they are respectively due, applying an interest rate and payment form that shall be individually agreed in each of the promissory notes, as provided under clause FOURTH of this instrument. The interest rate over the sums withdrawn from the amount of this LOAN, shall be reviewed and adjusted in accordance to what is individually agreed in each promissory note, except for those cases where a fixed rate is agreed. The sole subscription of the promissory notes documenting the withdrawals by the BORROWER shall imply acceptance and agreement pf the interest rate and the payment form contained therein. The parties agree that the period to compute interests shall be in the manner specified in each promissory note and that the reference rate applicable thereto shall be the one in force at the date of the promissory note's signature and/or the date of its revisions. The BORROWER accepts from this moment forward, any adjustments made to the rate when the latter or any of the elements composing it were variable, and should this event arise, the adjustments shall apply without need of previous notice and without need to execute in each case, any amendments to this agreement. Should the instruments stated as reference to establish the ordinary interest rate disappear totally without being replaced by any others, the parties hereby agree to substitute the promissory notes within the 3 (three) business days immediately following such event, or otherwise this instrument shall be early terminated. The calculations of ordinary as well as of delinquent interests agreed in the following clause, shall be made on the grounds of a year of 360 (three hundred and sixty) days and upon the number of days actually elapsed.
