Further Interest Clause Samples

The 'Further Interest' clause establishes the right for a party to charge additional interest on overdue payments beyond the standard rate. Typically, this clause specifies the rate of further interest, the period it applies to, and the circumstances that trigger its application, such as late payment of invoices or outstanding debts. Its core practical function is to incentivize timely payment and compensate the owed party for the delay, thereby reducing the risk of late payments and providing a clear consequence for non-compliance.
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Further Interest. If a liability under this Deed becomes merged in a judgment or order, or exists after the bankruptcy or winding up of the Guarantor, then the Guarantor, as an independent obligation, shall pay interest on the amount of that liability from the date the liability becomes payable both before and after the judgment, order, bankruptcy or winding up until it is paid at the higher of the rate payable under the judgment, order, bankruptcy or winding up and the Default Rate.
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Further Interest. The Union as well as the members thereof, agree to further the interests of the armored car industry and of the Employer at all times while this Collective Agreement is in force.
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Further Interest. All interest which shall become due during the currency of the loan or any part thereof and for the time being remaining unpaid, and all other moneys which have become payable by the Borrower to IREDA, in case the same is not paid on the dates on which they fall due, carry further interest and shall be computed from the respective date(s) of such interest or moneys accruing due and all such interest and further interest which have become payable but not paid, shall become payable upon the footing of compound interest with rests taken or made quarterly as herein-before provided.
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Further Interest. If a liability under this agreement becomes merged in a judgment or order or exists after any winding up of the Borrower, the Borrower, as an independent obligation, must pay interest on the amount of that liability from the date the liability becomes payable both before and after the judgement, order or winding up until it is paid, at the Default Rate.
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Further Interest. In the event of default in payment by the Guarantor in accordance with Clauses 2.2 and 2.3.3 above the Guarantor shall pay further interest on the outstanding amounts hereunder at the rate of 2 % per annum (“Further Interest”). The Further interest shall be computed from the clue date of payment of the amounts due and payable by the Guarantor till the date of actual payment thereof. The Guarantor agrees that the Further Interest is a genuine pre—estimate of the loss likely to be suffered by the Trustee on account of any default by the Guarantor in discharging its obligations as agreed herein.
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Further Interest. If a liability under this agreement becomes merged in a judgment or order or exists after any winding up of an Obligor, the Obligors, as an independent obligation, must pay interest on the amount of that liability from the date the liability becomes payable both before and after the judgement, order or winding up until it is paid, at the Default Rate.
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Further Interest. The Company further will, as of the Closing Date, hold a fixed capital interest ["Festkapital"] in the amount of DM 9,366,269 in InfraServ GmbH & Co. Gendorf KG ("INFRASERV"), a limited partnership ["Kommanditgesellschaft"] organised under the laws of Germany with its seat in Burgkirchen, registered with the trade register of the local court in Traunstein under HRA 6463. The registered liability contribution ["Hafteinlage"] amounts to DM 550,000. The Company's interest in InfraServ is equal to 11 % of the total fixed capital of InfraServ. In deviation thereof, pursuant to the actual partnership agreement as of 30 May 1997, the obligation of the Company to pay in additional amounts of money ["Nachschusspflicht"] amounts to 30 %.
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Further Interest. (a) In the case of any default in payment of Facility Outstanding on the respective Due Dates in accordance with the terms of this Agreement, such defaulted/ unpaid amount shall carry interest/ further interest till payment at the rate specified in serial number 24 of the Schedule 1 (plus applicable Tax or other statutory levy)which shall be in addition to and over and above the Interest Rate. (b) In case of continuation of default in payment beyond 30 (Thirty) days of the relevant Due Date, the defaulted amount shall carry further interest at the rate specified in serial number 24 of the Schedule 1 (plus applicable Tax or other statutory levy)which shall be calculated over and above the Interest Rate, computed from such date until the receipt of full payment of said overdues.
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Further Interest. If a liability under this Deed becomes merged in a judgment or order or exists after any winding up of Digital, then Digital, as an independent obligation, must pay interest on the amount of that liability from the date the liability becomes payable both before and after the judgement, order or winding up until it is paid, at the default rate of 8% per annum.
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Related to Further Interest

  • Other Interests It is understood that Trustees and officers of the Trust and shareholders of the Fund are or may be or become interested in the Adviser as trustees, officers, employees, shareholders or otherwise and that trustees, officers, employees and shareholders of the Adviser are or may be or become similarly interested in the Fund, and that the Adviser may be or become interested in the Fund as a shareholder or otherwise. It is also understood that trustees, officers, employees and shareholders of the Adviser may be or become interested (as directors, trustees, officers, employees, shareholders or otherwise) in other companies or entities (including, without limitation, other investment companies) that the Adviser may organize, sponsor or acquire, or with which it may merge or consolidate, and which may include the words “▇▇▇▇▇ ▇▇▇▇▇” or “Boston Management and Research” or any combination thereof as part of their name, and that the Adviser or its subsidiaries or affiliates may enter into advisory or management agreements or other contracts or relationships with such other companies or entities.

  • No Other Interests To the best of Borrower’s knowledge after due inquiry and investigation, no Person has (a) any possessory interest in the Mortgaged Property or right to occupy the Mortgaged Property except under and pursuant to the provisions of existing Leases by and between tenants and Borrower (a form of residential lease having been previously provided to Lender together with the material terms of any and all Non-Residential Leases at the Mortgaged Property), or (b) an option to purchase the Mortgaged Property or an interest in the Mortgaged Property, except as has been disclosed to and approved in writing by Lender.

  • Further Issues The Issuer shall be at liberty from time to time without the consent of the Noteholders or the Couponholders to create and issue further notes having terms and conditions the same as the Notes or the same in all respects save for the amount and date of the first payment of interest thereon and the date from which interest starts to accrue and so that the same shall be consolidated and form a single Series with the outstanding Notes.

  • 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.

  • Further Instruments The parties hereto agree to execute such further instruments and to take such further action as may reasonably be necessary to carry out the intent of this Agreement.