Common use of Interest Component Clause in Contracts

Interest Component. The "Interest Component" shall be an amount equal to the interest which would accrue on the Purchase Price at the rate of 5.0551 computed daily for the period from the September 22, 2005 until and including the Delivery Date.

Appears in 2 contracts

Sources: Sale and Purchase Agreement (Willis Lease Finance Corp), Sale and Purchase Agreement (Willis Lease Finance Corp)