Common use of ORDINARY INTERESTS Clause in Contracts

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 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 last day of the payment term of the total settlement of the Credit and will be demanded only for expired periods, except as stipulated in the clause (advanced payment).