Examples of Compensatory Interest in a sentence
Compensatory Interest Interest at rate of 8% per annum to be applied to a Gross Scheme Liability (that is agreed or otherwise determined, in accordance with this Scheme, to be owed by the Company to a Scheme Creditor), from the date of Loan or the payment of the Guarantee (as applicable) to the Implementation Date.
As long as BORROWER continues to be in Default LENDER shall be entitled to receive compensatory interest at the Interest Rate plus Late-Payment Interest equal to *** of the Compensatory Interest rate.
Any payments received by you from us under the Scheme will be treated as being applied first towards: (i) in the case of a Borrower, interest paid by the Borrower under the Loan, before being applied towards Compensatory Interest on those amounts; and (ii) in the case of a Guarantor, all principal and interest paid by the Guarantor, before being applied towards Compensatory Interest on those amounts.
When there are changes in the Compensatory Interest Rates, the Interest Rate Adjustment Date shall be the first day of the following month after the changes, and the default interest is calculated monthly based on the floating interest rates.
The Borrower shall repay the full amount to the Facility Agent within five (5) Business Days of receiving the notice from the Lender or Facility Agent for the payment to be transferred to the Facility Agent and/or the Lender and shall pay interest in the same currency calculated at the floating Compensatory Interest Rate (adjusted daily as the Compensatory Interest Rate changes) for the period between the advance date and the repayment date.