Computed Interest definition

Computed Interest means interest, compounded monthly, at a rate per annum equal to twelve percent (12%), but in no event greater than the maximum rate of interest allowed by Law.

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Computed Interest means simple interest of ten percent (10%) per ------------------- annum using a three hundred sixty-five (365) Day year.

Computed Interest means simple interest at a rate per annum equal to five percent (5%), but in no event greater than the maximum rate of interest allowed by Law.

Examples of Computed Interest in a sentence

In the event that the Closing occurs after December 15, 1997, due to the fault of Buyer the Purchase Price shall be increased by the Computed Interest in the amount of Sixty-Eight Thousand, Four Hundred Twenty and No/100 Dollars ($68,420.00) per Day from the Effective Time until Closing, and the Deposit shall be increased by the Computed Interest thereon from receipt to December 15, 1997 and shall not be increased by Computed Interest after December 15, 1997.
In the event of Closing, the Purchase Price shall be credited by the amount of the Deposit (plus Computed Interest on the Deposit from the date of receipt by Seller until Closing).
If Closing does not occur, Seller shall on the earlier of (i) November 3, 2010 or (ii) within three (3) Business Days after termination of this Agreement, refund the Performance Deposit together with Computed Interest thereon through the end of the Day immediately preceding the date of such refund to Buyer unless Closing did not occur because of Buyer’s material breach of this Agreement or Buyer’s failure or refusal to Close that is not permitted by the terms of this Agreement.
If Closing does not occur, the Deposit (plus Computed Interest on the Deposit from the date of receipt by Seller until termination) will be refunded to Buyer within five (5) Days of such termination, unless Closing failed to occur as a result of Buyer's breach of this Agreement (including without limitation Buyer's failure to comply with Article 15.1) in which case the provisions of Article 18.2 shall apply.
In the event of Closing, the Purchase Price shall be credited by the amount of the Deposit (plus Computed Interest in the amount of Six Thousand, Seven Hundred Eighty-One and No/100 Dollars ($6,781.00) per Day on the Deposit from the date of receipt by Seller until Closing, unless Closing occurs after December 15, 1997, in which event no Computed Interest will be credited to the Deposit).
If this Agreement is terminated in accordance with Article 18.1, such termination shall be without liability to any party, except return of the Deposit (plus Computed Interest if applicable on the Deposit from the date of receipt by Seller until termination of this Agreement) and performance of the obligations provided in Articles 18.3, 18.4, 18.5, 19.1, 20.3, 20.11, 20.13, 20.14, 20.15 and 20.17 (which provisions shall survive termination of this Agreement).
If this Agreement is terminated in --------------------- accordance with Article 17.1, such termination shall be without liability to any party, except return of the Deposit (plus Computed Interest on the Deposit from the date of receipt by Seller until termination) and performance of the obligations provided in Articles 17.3, 17.4, 17.5, 19.3, 19.10, 19.12, 19.14, 19.15, 19.17 and 18.1 (which provisions shall survive termination of this Agreement).
If Closing occurs after July 1, 1997, and said delay is the result of a breach of this Agreement by Buyer, the Purchase Price shall be increased by the Computed Interest from the Effective Time until the Closing.
The Deposit shall bear interest at the Computed Interest rate and shall be subject to the terms of this Agreement.
If, upon the Maturity Date, the Exchange has not occurred because of Buyer’s material breach of this Agreement, or Buyer’s failure or refusal to consummate the Exchange Closing that is not permitted by the terms of this Agreement, Buyer shall pay to Seller as Seller’s exclusive remedy an amount equal to five percent (5%) of the Purchase Price together with Computed Interest thereon from July 30, 2010 to and including the Day immediately preceding such Maturity Date (the “Reverse Breakup Fee”).

More Definitions of Computed Interest

Computed Interest means simple interest at a rate per annum equal to five percent (5%), but in no event greater than the maximum rate of interest allowed by Law. If the Performance Deposit becomes due in accordance with Article 17.2 but is not paid on the date when due, commencing on the next calendar day, “Computed Interest” means interest, compounded monthly, at a rate per annum equal to twelve percent (12%), but in no event greater than the maximum rate of interest allowed by Law. If the Performance Deposit is not paid in accordance with Article 2.4 when due, commencing on the next calendar day, “Computed Interest” means interest, compounded monthly, at a rate per annum equal to twelve percent (12%), but in no event greater than the maximum rate of interest allowed by Law.

Computed Interest means interest at a rate equal to LIBOR, calculated daily.

Computed Interest means simple interest of ten percent (10%) per

Computed Interest means simple interest of ten percent (10%) per annum using a three hundred sixty-five (365) Day year.

Computed Interest means simple interest at a rate per annum equal to (i) four and one-quarter percent (4.25%) for any period through and including February 28, 2003 and (ii) one and four-tenths percent (1.4%) for any period after February 28, 2003, but in no event greater than the maximum rate of interest allowed by applicable Law.