Daily Interest Clause Samples

The Daily Interest clause establishes the rate and method by which interest accrues on outstanding amounts owed under an agreement, calculated on a daily basis. Typically, this means that if a payment is late, interest will be added each day based on the unpaid balance, often using a specified annual rate divided by 365 days. This clause ensures that parties are incentivized to make timely payments and provides a clear mechanism for compensating the payee for delayed funds, thereby addressing the risk and cost of late payments.
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Daily Interest. The Loan shall accrue and bear daily interest at a rate per annum which shall at all times equal the Applicable Rate (the “Daily Interest”). Prior to the Maturity Date or any accelerated maturity of the Loan, the Company will, on each Payment Date, pay the accrued and unpaid Daily Interest on the Loan. On the Maturity Date or any accelerated maturity of the Loan, the Company will pay all accrued and unpaid Daily Interest on the Loan. Upon the occurrence and during the continuance of an Event of Default, the Required Lenders may require accrued Daily Interest to be payable on demand or at regular intervals more frequent than each Payment Date. All payments of Daily Interest hereunder shall be made to the Agent for the account of each Lender in accordance with such Lender’s Percentage Interest therein.
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Daily Interest. Interest shall be calculated on the daily principal -------------- balance based on the actual number of days elapsed in the interest payment period over a year of three hundred sixty (360) days. All payments which are due on a Saturday, Sunday or national bank holidays shall be deemed to be payable on the next bank business day.
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Daily Interest is the Interest calculated per day applicable in cases where the Borrower withdraws from the Agreement.
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Daily Interest is the rate of interest per day, accrued in case of withdrawal from the Agreement.
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Daily Interest. 6.1 Daily Interest (DI) is debited for long share CFD trades and credited for short share CFD trades, unless Euribor 3M is less than 2.5%, in which case short positions will also incur a debit. The amount is based on the number of shares held (Ns), the official closing price of the shares (Cp), Euribor 3M +/- [long position/short position] 2.5%* and divided by a 360 day period. DI=Ns x Cp x {Euribor 3M + 2.5%} For long positions: Always debited from clients’ account For short positions: Either be credited/ be debited from client account
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Daily Interest the Interest calculated per day upon cancellation of the Agreement. The calculation is based on the 360-day calendar year and the assumption that the Borrower starts using the entire Overdraft Limit straight away.
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Daily Interest. Payments will be applied as of the date of receipt by Escrow Agent, first to accrued interest then to the Balance Due Seller.
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Daily Interest. 6.1 Daily Interest (DI) is debited for long share CFD trades and credited for short share CFD trades, unless Euribor 3M is less than 2.5%, in which case short positions will also incur a debit. The amount is based on the number of shares held (Ns), the official closing price of the shares (Cp), Euribor 3M
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Related to Daily Interest

  • Periodic Interest Periodic Interest will be payable on each Tranche of the Recovery Bonds on each Payment Date in an amount equal to one-half of the product of (i) the applicable Recovery Bond Interest Rate and (ii) the Outstanding Amount of the related Tranche of Recovery Bonds as of the close of business on the preceding Payment Date after giving effect to all payments of principal made to the Holders of the related Tranche of Recovery Bonds on such preceding Payment Date; provided, however, that with respect to the Initial Payment Date, or, if no payment has yet been made, interest on the outstanding principal balance will accrue from and including the Closing Date to, but excluding, the following Payment Date.

  • Interest Unpaid Class Accrued Certificate Interest Shortfalls Interest Class Interest Payable Pay-out Rate ----- -------- ------------------- ------- ------------ PO $ 0.00 $ 0.00 $ 0.00 %0.000000000 A1 $ 503,378.62 $ 0.00 $ 503,378.62 %7.749999933 A2 $ 42,980.21 $ 0.00 $ 42,980.21 %7.750000301 A3 $ 6,500.00 $ 0.00 $ 6,500.00 %8.000000000 A4 $ 0.00 $ 0.00 $ 0.00 %0.000000000 A5 $ 265,180.70 $ 0.00 $ 265,180.70 %7.749999890 A6 $ 92,967.71 $ 0.00 $ 92,967.71 %7.750000139 A7 $ 69,911.46 $ 0.00 $ 69,911.46 %7.750000185 A8 $ 41,656.25 $ 0.00 $ 41,656.25 %7.750000000 A9 $ 86,057.29 $ 0.00 $ 86,057.29 %7.749999850 A10 $ 13,110.42 $ 0.00 $ 13,110.42 %7.750001970 A11 $ 6,716.67 $ 0.00 $ 6,716.67 %7.750003846 A12 $ 17,211.46 $ 0.00 $ 17,211.46 %7.750000750 A13 $ 32,259.38 $ 0.00 $ 32,259.38 %7.750001201 A14 $ 71,041.67 $ 0.00 $ 71,041.67 %7.750000364 A15 $ 10,726.67 $ 0.00 $ 10,726.67 %8.000002486 A16 $ 46,180.00 $ 0.00 $ 46,180.00 %8.000000000 A17 $ 17,187.50 $ 0.00 $ 17,187.50 %8.250000000 A18 $ 58,125.00 $ 0.00 $ 58,125.00 %7.750000000 A19 $ 36,360.42 $ 0.00 $ 36,360.42 %7.750000710 A20 $ 14,180.00 $ 0.00 $ 14,180.00 %8.000000000 A21 $ 18,153.33 $ 0.00 $ 18,153.33 %7.999998531 A22 $ 944,588.42 $ 0.00 $ 944,588.42 %7.749999976 A23 $ 202,984.02 $ 0.00 $ 202,984.02 %7.749999936 A24 $ 22,378.13 $ 0.00 $ 22,378.13 %7.750001732 A25 $ 10,430.21 $ 0.00 $ 10,430.21 %7.750001238 S $ 96,366.40 $ 0.00 $ 96,366.40 %0.431451917 M $ 54,838.80 $ 0.00 $ 54,838.80 %7.749999655 B1 $ 25,312.20 $ 0.00 $ 25,312.20 %7.749999282 B2 $ 14,063.05 $ 0.00 $ 14,063.05 %7.749999061 B3 $ 11,249.15 $ 0.00 $ 11,249.15 %7.749999604 B4 $ 7,034.75 $ 0.00 $ 7,034.75 %7.749996890 B5 $ 7,031.17 $ 0.00 $ 7,031.17 %7.749994663 R $ 0.00 $ 0.00 $ 0.00 %0.000000000

  • Interest and Principal Payments Holders shall be entitled to receive, and Borrower shall pay, simple interest on the outstanding principal amount of this Note at the annual rate of eight percent (8%) (as subject to increase as set forth in this Note) from the Original Issue Date through the Maturity Date. Principal and interest shall be due and payable on the Maturity Date.

  • Interest Amount Unless otherwise specified in Paragraph 11(f)(iii), the Transferee will transfer to the Transferor at the times specified in Paragraph 11(f)(ii) the relevant Interest Amount to the extent that a Delivery Amount would not be created or increased by the transfer, as calculated by the Valuation Agent (and the date of calculation will be deemed a Valuation Date for this purpose).

  • State Interest Liabilities 8.6.1 The State shall be liable for interest on Federal funds from the date Federal funds are credited to a State account until the date those funds are paid out for program purposes. 8.6.2 The State shall use the following method to calculate State interest liabilities on Federal funds: