Penalty Interest Rate. (1) In the event that the Borrower fails to repay the loan within the agreed time limit, interest shall be calculated and charged over the overdue part at the penalty interest rate for overdue loan from the overdue day, until the principal and interest are paid off;
Penalty Interest Rate. (clause 5) Double the current Official Cash Rate (OCR). See Reserve Bank of New Zealand website
Penalty Interest Rate. (1) If Party A fails to use the loan for the purpose specified herein, the penalty interest rate shall be floated above 100% of the loan interest rate, if the loan rate is adjusted as article 1 (3) described, then the penalty interest rate will be adjusted corresponding to the new loan interest rate and the foresaid floating scope.
Penalty Interest Rate. If Party A fails to use the loan according to the contracted purpose, the penalty interest rate shall be 100% above the loan interest rate. The penalty interest rate for overdue loans is 50% above the loan interest rate. At the same time, overdue And misappropriation of loans, it should be recalculated to collect penalty interest and compound interest.
Penalty Interest Rate. (1) If the Borrower fails to make due repayment of any Loan Fund under this Agreement, the amount overdue will be charged at an interest rate which is 50% higher than the applicable loan interest rate from the original due date of such amount until its full repayment (the “Overdue Penalty Interest Rate”).
Penalty Interest Rate. 6.1 Should Party A fail to repay the principal and interest under the Contract on time, Party B is entitled to claim penalty interest at a rate 30% upward the current interest rate on any balance of loan used by Party A in breach of this Contract for the days of breach.
Penalty Interest Rate. (1) In case Party A fails to use the loan consistently with the loan purpose, the penalty interest rate shall be 100% more than the above mentioned 8.1‰ .
Penalty Interest Rate. 1. Where the Borrower fails to pay off payable payment in accordance with the Contract, such due payment shall be calculated as [50]% (penalty interest rate of due payment) more of the loan interest in applicable contract since the original due date to the day of liquidation.
Penalty Interest Rate. (I) If the Borrower does not use the loan in accordance with this Contract, the penalty interest rate shall be the loan interest rate plus 100%; if the interest rate is adjusted under Article 4.I.(3) the penalty interest will be calculated accordingly after the interest rate has been adjusted and then increased by the amount set forth above.
Penalty Interest Rate. (1) In case where the Borrower does not use the Loan for purpose as agreed under this Contract, Any misused portion of the Loan shall be subject to a penalty interest rate of 100% of the original interest rate for the Loan, calculated from the day of the portion of the Loan being misused. In case where interest rate is adjusted in accordance with paragraph 4.1(3), the penalty interest rate shall be adjusted accordingly.
