Interest on Arrears definition

Interest on Arrears. The total interest on arrears at the highest acceptable rate prevailing in the period of arrears in question at the Israel Discount Bank Ltd. for unauthorized overdrafts in debitory accounts. Written confirmation by a branch manager of the Bank regarding the interest rate as above shall serve as absolute evidence for the interest rate.
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Interest on Arrears means the interest charges on arrear receivables in terms of the municipality’s Debt Collection policy.
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Interest on Arrears has the meaning ascribed to such term in Section 3.2 1 NTD: To be equal to $1,000,000 divided by the redemption price.
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Examples of Interest on Arrears in a sentence

  • Interest on Arrears Article VI Any and all outstanding amounts due from the Beneficiary, shall, by full right, bear interest on arrears in favour of the Bank, at the agreed rate, such interest being due by full right and therefore without the need for any notice or other prior warning whatsoever.

  • In case of any delay with the payments according to this Contract, the entitled Party is authorized to demand Interest on Arrears.

  • All such claims transferred to the Company shall be handled subject mutatis mutandis to Article 49 (Surcharges), Article 50 (Interest on Arrears), the Tariff Table, and other provisions of these General Terms.

  • Article 49 (Surcharges), Article 50 (Interest on Arrears), the general rules of the Tariff Table, and other provisions of these General Terms apply mutatis mutandis to the Company’s handling of claims acquired by the Company from roaming operators pursuant to the provisions of paragraph 1 above.


More Definitions of Interest on Arrears

Interest on Arrears. All rent in arrears and all sums paid or 16 -15- expenses incurred by the Landlord which ought to have been paid or incurred by the Tenant, or for which the Landlord is entitled hereunder to reimbursement from the Tenant and which under the preceding sub-paragraph of this Lease shall be deemed to be rent in arrears, shall bear interest from the date the same became due and payable by the Tenant to the Landlord or are spent or incurred by the Landlord, as the case may be, until the date of payment or repayment to the Landlord; PROVIDED, that in each case, the Landlord shall give written notice to the Tenant of such sum due and payable, and the Tenant shall have SEVEN (7) days after receipt of such written notice from the Landlord to pay such arrears and, if such amounts are paid during such period, the aforesaid interest shall not be chargeable. Such interest will be charged at a rate of twelve (12%) percent per annum.
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