Examples of Default Interest in a sentence
The Appeal Panel Award shall include Default Interest (with respect to monetary awards) at the rate specified in the Note for Default Interest both before and after the Arbitration Award.
If an Audit is in respect of any amount to which Project Operator is entitled and such Audit reveals that Project Operator has overcharged the Commonwealth, then Project Operator must promptly reimburse the Commonwealth for those costs overcharged (plus interest calculated at the Default Interest Rate) following any request by the Commonwealth to do so.
The Arbitration Award shall include Default Interest (as defined or otherwise provided for in the Note, “Default Interest”) (with respect to monetary awards) at the rate specified in the Note for Default Interest both before and after the Arbitration Award.
If the Borrower fails to pay any amount payable under this agreement when due, it must pay BMW, default interest calculated on that amount on a daily basis at the Default Interest Rate from its due date until it is paid in full (both before and after any judgment).
If an amount paid is determined to be owed to a Party, such amount shall be returned together with interest at the Default Interest Rate, such rate to apply from the date the initial payment was made until returned in full together with interest thereon, within thirty (30) days of such determination.