Common use of Penalty Interest and Compound Interest Clause in Contracts

Penalty Interest and Compound Interest. If the loan under this contract is overdue or not used according to the purpose agreed herein, the penalty interest shall be adopted Interest and compound interest shall be calculated in the following methods:

Appears in 2 contracts

Samples: HUHUTECH International Group Inc., HUHUTECH International Group Inc.

AutoNDA by SimpleDocs

Penalty Interest and Compound Interest. If When the loan under this contract is overdue or the loan is not used according to the purpose agreed hereinin the contract, the penalty interest shall be adopted Interest and compound interest shall be calculated in the following methodsmethod A :

Appears in 2 contracts

Samples: HUHUTECH International Group Inc., HUHUTECH International Group Inc.

AutoNDA by SimpleDocs

Penalty Interest and Compound Interest. If the loan under this contract is overdue or not used according to the purpose agreed herein, the penalty interest shall be adopted Interest and compound interest shall be calculated in the following methodsMethod A as follows:

Appears in 1 contract

Samples: HUHUTECH International Group Inc.

Time is Money Join Law Insider Premium to draft better contracts faster.