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;
(2) In the event that the Borrower uses the loan for any purposes other than those agreed herein, interest shall be calculated and charged over the misappropriated part at the penalty interest rate for misappropriated loan from the misappropriation date, until the principal and interest are paid off;
(3) In the event that the loan is overdue and misappropriated, interest shall be calculated and charged at the penalty interest rate for misappropriated loan;
(4) With respect to the interest and penalty interest that the Borrower fails to pay as scheduled, compound interest shall be calculated and charged at the penalty interest rate agreed in this paragraph in the interest settlement method as agreed in Paragraph 2 hereof;
(5) In case of any adjustment to the loan interest rate agreed herein, the penalty interest and compound interest shall be calculated at the adjusted interest rate from the adjustment date;
(6) Penalty Interest Rate The penalty interest rate for overdue loan shall be 50% higher than the loan interest rate agreed in Paragraph 1 hereof; the penalty interest rate for misappropriated loan shall be 100% higher than the loan interest rate agreed in Paragraph 1 hereof.
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.
(2) The penalty interest for overdue loan hereunder shall be shall be floated above 50% 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.
(3) It depends on the severity for the calculation of the penalty interest and compound interest, if the loan is overdue and embezzled simultaneously.
Penalty Interest Rate. (clause 5) Double the current Official Cash Rate (OCR). See Reserve Bank of New Zealand website
Penalty Interest Rate. If Party A fails to use the loan according to the contract purpose, the penalty interest rate shall be 100% above the loan interest rate. If the loan is overdue, the penalty interest rate shall be 50% higher than the loan interest rate. For loans that are overdue and misappropriated at the same time, the penalty interest and compound interest shall be charged at a higher interest rate.
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”).
(2) If any Loan Fund is misused by the Borrower, such amount misused will be charged at an interest rate which is 100% higher than the applicable interest rate from the date of occurrence of such misuse until the date of its termination (the “Misuse Penalty Interest Rate”).
(3) If any Loan Fund is overdue and misused, the higher of the Overdue Penalty Interest Rate or the Misuse Penalty Interest Rate will apply.
(4) Any overdue or misused amount will be charged with compound interest pursuant to relevant provisions of the PBOC.
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.
6.2 Should Party A fail to use the loan for the purpose as stipulated in the Contract, Party B is entitled to claim penalty interest at a rate 50% 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‰ .
(2) In case Party A fails to repay on time, the penalty interest rate shall be 50% more than the above mentioned 8.1‰ .
Penalty Interest Rate. 6.2.1 The lender shall have the right to calculate and collect the interest at the daily interest penalty rate for the loan principal that the borrower fails to repay on the date stipulated in the contract (including the announced early maturity). For the interest that cannot be paid on time, the penalty interest rate shall be calculated and collected at a compound interest rate. Penalty interest rate is the loan interest rate plus 50%.
6.2.2 For the loan that the borrower fails to use for the purpose provided in the contract, the lender shall have the right to calculate and collect the interest at the daily interest penalty rate. For the interest that cannot be paid on time, the penalty interest rate shall be calculated and collected at the compound interest rate. Penalty interest rate is the loan interest rate plus 100%. For the loan that the borrower fails to use for the purposed provided in the contract and fails to repay on the date agreed in the contract (including the announced early maturity), the higher penalty interest rate as agreed above shall apply. If the loan interest rate is adjusted in accordance with the contract, the penalty interest rate shall also change correspondingly after the adjustment of the interest rate, and the cycle of change shall be consistent with the cycle of interest rate change.
Penalty Interest Rate. The annual interest rate shall be adjusted up to 100% if Party A does not perform according to the agreement, and the interest shall be calculated and paid in accordance with relevant regulations of the People’s Bank of China. The annual interest rate shall be adjusted to 50% for the overdue loan.
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.
(2) In case where the Borrower delay in payment the Loan and interest under this Contract, any overdue payment shall be subject to a penalty interest rate of 100% of the original interest rate for the Loan, calculated from the day when the payment become overdue. In case where interest rate is adjusted in accordance with paragraph 4.1(3), the penalty interest rate shall be adjusted accordingly.
(3) In case where the Borrower misuses the Loan and overdue in payments of the Loan at the same time, the penalty interest shall be charged compound and in duplication.