Compound interest Sample Clauses

Compound interest. If default is made in payment of interest at any time appointed for payment thereof, interest shall be payable thereon and the sum in arrears for interest from time to time, as well after as before maturity or judgment, shall itself bear interest at the Interest Rate, and in case the interest and compound interest are not paid on the next Payment Date after the date of default, compound interest at the Interest Rate shall be payable on the aggregate amount then due, as well after as before maturity or judgment, and so on from time to time, and all such interest and compound interest shall be added to the monies secured by this Mortgage and form a charge on the Lands.

Compound interest. If the Borrower does not make the regular payment when required under this Contract or any other Agreement, the Lender will charge interest (referred to as “Compound Interest”) on all overdue amounts, including unpaid interest. Compound Interest is payable both before and after the Balance Due Date or maturity date, before and after default, and before and after any court judgment the Lender obtains against the Borrower. If the Lender demands it, the Borrower must pay the Lender the Compound Interest immediately. The Compound Interest is calculated at the Interest Rate.

Compound interest. The rights of the Bank to charge compound interest as conferred on the Bank by this Agreement shall subsist and continue to subsist notwithstanding the covenant by the Borrower to pay interest on daily rest basis monthly in arrears and notwithstanding the issue and/or service of a demand for payment of monies or any of the monies intended to be hereby secured and/or notwithstanding that the relationship of banker-borrower between the parties hereto shall have ceased for any reason or by any cause whatsoever.

Compound interest. If interest isn't paid when it's due, compound interest must be paid on this unpaid interest. Compound interest must be paid at the same rate as the unpaid interest, is calculated in the same way, and must be paid on the same days. If compound interest isn't paid when it's due, compound interest must be paid on that interest. Compound interest must be paid even if interest isn't in arrears, for example, where you have a variable rate term and the instalment doesn't cover all the interest.

Compound interest. All Interest becoming due and remaining unpaid shall be capitalized and added to the Indebtedness on the date due and shall thenceforth carry interest at the Interest Rate and in case the Interest and compound interest are not paid within one month after such default, then on the expiration of such month a rest shall be made and compound interest shall be payable on the aggregate amount then due, as well after as before maturity, and so on from time to time.

Compound interest. Where the borrower fails to pay the interest on due date, the lender will charge compound interest on a monthly (quarterly/monthly) basis as of the date of failure to pay on the due date. Interest payable includes: interest payable during the loan period (including penalty interest for default) and interest payable after the loan is overdue (including penalty interest for late payment and penalty interest for default use).For the unpaid interest incurred during the loan period, compound interest shall be calculated at the loan execution rate as agreed in the contract before the repayment date, and compound interest shall be calculated at the overdue loan rate after the repayment date; The unpaid interest on overdue loans shall be compounded at the interest rate of overdue loans.

Compound interest. Any default interest arising on an Unpaid Sum or misused loan amount will be compounded with the Unpaid Sum or misused loan amount at the end of each Interest Period applicable to that Unpaid Sum or misused loan amount, and such Unpaid Sum or misused loan amount (including the default interest compounded thereto) shall (subject to any grace periods) be due and payable on the applicable Interest Payment Date.

Compound interest. If you do not pay any interest when due under the Mortgage, we will add the overdue interest to the Outstanding Amount and charge you interest on the combined amount until it is paid. This is called compound interest. We calculate compound interest at the Interest Rate. You promise to pay it at the same frequency as your regular payments, both before and after the Balance Due Date, Default and judgment, until the Outstanding Amount is paid in full. We will also charge you interest on compound interest at the Interest Rate both before and after the Balance Due Date, Default and judgment, until the Outstanding Amount is paid in full. All overdue interest and compound interest is part of the Outstanding Amount. You promise to pay this interest immediately when we ask you to pay it.

Compound interest. This is interest on unpaid interest.