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Common use of Compounding of Interest Clause in Contracts

Compounding of Interest. Any such interest which is not paid at the end of the period by reference to which it was determined shall thereupon be compounded.

Appears in 5 contracts

Sources: Purchase, Sale and Contribution Agreement, Purchase, Sale and Contribution Agreement (Golar LNG Partners LP), Loan Agreement

Related Clauses

  • Compounding of default interest
  • Default Rate of Interest
  • Rates and Payment of Interest on Loans
  • Rate of Interest
  • Alternate Rate of Interest

Parent Clauses

  • Clause headings
  • Miscellaneous
  • Survival of representations and warranties
  • Payment of Principal and Interest
  • Interpretation

Sub-Clauses

  • Amounts payable on prepayment
  • Effect of notice of prepayment
  • Voluntary prepayment
  • Repayment of Loan
  • TRANSFER OF NET REVENUES TO THE PLEDGED PROJECT ACCOUNT
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