COMPENSATORY INTEREST Sample Clauses

COMPENSATORY INTEREST. The Borrower shall reimburse to the Lender on request any amount disbursed by the Lender for the recovery of his claim in principal, interest and accessories and its preservation and protection as well as the guarantees securing the loan. In addition, he shall reimburse on request any amount disbursed by the Lender to ensure the performance of any obligation of the Borrower, for the repair and upkeep of property securing the loan, and for the payment of insurance premiums, taxes, assessments or any other charge related to the loan. Such reimbursement shall be made with interest at the annual rate provided for above, from the time such disbursement is made by the Lender.

COMPENSATORY INTEREST. Any interest installment unpaid on maturity and any sum advanced or disbursed by the Lender for the preservation, protection or recovery of his claim in capital, interests and incidental costs, for the repair and upkeep of property securing the line of credit, for ensuring the performance of any obligation of the Borrower, for the payment of taxes or other land taxes, of insurance premiums or fees and other charges, shall be capitalized and bear interest, of right and without formal notice, from the date of maturity or the date of disbursement, as the case may be, at the annual rate in force at that time under section 7 of this agreement, subject, however, to the change in the interest rate provided for in that section. Every sum referred to in the above paragraph is payable at any time and without notice.

COMPENSATORY INTEREST. The Borrower will pay compensatory interest from the Disbursement Date, on the amount of capital disbursed by the Bank and pending payment, at an annual nominal interest rate according to that established in numeral 4 of Annex I of the Contract. All calculations of interest will be made based on a year of three hundred sixty (360) days for the real number of days (excluding the initial day but including the maturity day), elapsed in the period for which said interest will be payable. Each determination of the Bank on an amount owed under this Contract will be considered conclusive and mandatory for all purposes, except in the event of manifest error. Interest will be calculated per matured period and will be paid on each Payment Date.

COMPENSATORY INTEREST. The Capital disbursed by CIMINAS until the Original Payment Date shall accrue a compensatory interest at an annual Libor interest rate of 360 days plus 8% annually (the “Compensatory Interest”).

COMPENSATORY INTEREST. A fee authorized by commercial legislation will be charged, in accordance with the provisions established by the Government, in order to compensate the costs of consumer credit, between natural persons and/or legal entities, in accordance with the provisions established in Article 2221 of the Civil Code.

COMPENSATORY INTEREST. The Capital will earn a nominal 9.875% per annum as compensatory interest, which will be paid quarterly according to the schedule established in Appendix A.

COMPENSATORY INTEREST. Promptly following the Effective Date, the Executive shall be granted a Compensatory Interest (as such term is defined in Section 12.5 of the Company’s Limited Liability Company Agreement dated as of June 7, 2007 (the “Operating Agreement”) of the Company representing a four percent (4%) Membership Interest of the Company on a fully diluted as converted basis as of the date hereof (the “Total Unit Grant”), in accordance with the terms set forth below which shall be incorporated into a definitive Profits Interest Grant and Repurchase Agreement (a “Grant Letter”) in a form consistent with the document attached as Exhibit 1:

COMPENSATORY INTEREST. The Loan shall have a compensatory nominal annual interest rate of 9.875% that shall be paid by the Borrower together with the relevant principal of the Loan on the Maturity Dates.

COMPENSATORY INTEREST. The Borrower shall pay compensatory interest from the date of the First Disbursement on the principal amount actually disbursed by the Bank under the Loan, due and payable, at an annual percentage variable interest rate of LIBOR + 3.20