Default Interest Musterklauseln

Default Interest. In the event of the default on payment of amounts due under this loan contract (interest or redemption payments), the Company shall owe the Crowd-investor a default interest of 12% p.a. on the amount due calculated with the day count convention actual/360. In accordance with standard commercial practice, amounts due shall be rounded to the second decimal place. For the avoidance of doubt, it is emphasized that amounts are not due for payment (at the time being), if the requirements for payment pursuant to section 8 are not fulfilled. In such a case they do not accrue default interest; but rather continue to bear interest pursuant to section 5.3. Payment obligation shall fall due at the earliest possible Interest payment date or Redemption date on which the contractual conditions for payment are fulfilled.

Default Interest. In the event of the default in payment, the Company shall owe a default interest of 12% p.a. (act/360) of the amount payable to the Crowd-Investor under this contract. For the avoidance of doubt, it is emphasized that amounts are not due for payment (at the time being), if the requirements for payment pursuant to section 8 are not fulfilled. In such a case they do not accrue default interest; but rather continue to bear current interest pursuant to section 5.2. Payment obligation shall fall due at the earliest possible Interest payment date on which the contractual conditions for payment are fulfilled.

Default Interest. In the event of the default in payment, the Company shall owe a default interest of 12% p.a. (act/360) of the amount payable to the Crowd-Investor under this contract. Darlehensvertrag/ Loan contract 07.12.2020 8 / 15 Klarstellend wird festgehalten, dass Beträge, die mangels Vorliegen der Zahlungsvoraussetzungen gemäß Punkt 8 nicht ausbezahlt werden, (vorerst) nicht fällig sind, sodass für diese Beträge keine Verzugszinsen anfallen; vielmehr unterliegen diese Beträge weiterhin der laufenden Verzinsung gemäß Punkt 5.2. Fälligkeit tritt erst zum nächstfolgenden Zinszahlungstermin ein, an dem die vertraglichen Zahlungsvoraussetzungen erfüllt sind. For the avoidance of doubt, it is emphasized that amounts are not due for payment (at the time being), if the requirements for payment pursuant to section 8 are not fulfilled. In such a case they do not accrue default interest; but rather continue to bear current interest pursuant to section 5.2. Payment obligation shall fall due at the earliest possible Interest payment date on which the contractual conditions for payment are fulfilled.

Default Interest. (a) Default interest will accrue on any Overdue Amount from and including the Payment Date on which it was first due to and excluding the date on which the payment is made at the Interest Rate plus 2.00 percentage points per annum. (b) Default interest accrued on any Overdue Amount pursuant to this Clause 8.2 will be added to the Overdue Amount on each Interest Payment Date until the Overdue Amount and default interest accrued thereon have been repaid in full. (c) From and including the occurrence of a Listing Failure Event and for as long as such Listing Failure Event is continuing, the interest on any principal amount outstanding under these Bonds Terms will accrue at the Interest Rate plus 1.00 percentage point per annum.

Default Interest. If the Issuer fails to redeem the Partial Notes at maturity in accordance with § 3, the overdue