Interest following judgment Sample Clauses
The 'Interest following judgment' clause establishes that interest will accrue on any monetary judgment awarded by a court until the amount is fully paid. Typically, this clause specifies the applicable interest rate and the period during which interest is calculated, such as from the date of judgment until payment is made. Its core function is to compensate the prevailing party for the time value of money lost due to delayed payment, thereby encouraging prompt satisfaction of court-awarded sums and discouraging unnecessary payment delays.
Interest following judgment. If a liability becomes merged in a judgment, the relevant Borrower agrees to pay interest on the amount of that liability as an independent obligation. This interest:
(a) accrues daily from (and including) the date the liability becomes due for payment both before and after the judgment up to (but excluding) the date the liability is paid; and
(b) is calculated at the judgment rate or the Default Rate (whichever is higher). The relevant Borrower agrees to pay interest under this clause on demand from the Bank.
Interest following judgment. If a liability becomes merged in a judgment, the Borrower must pay interest on the amount of that liability as an independent obligation. This interest:
(a) accrues daily from (and including) the date the liability becomes due for payment both before and after the judgment up to (but excluding) the date the liability is paid; and
(b) is calculated at the judgment rate or the Default Rate (whichever is higher). The Borrower must pay interest under this clause to the Financier on demand from the Financier.
Interest following judgment. 37 17B. INSURANCE, RISK AND INDEMNITIES........................................38
Interest following judgment. If a liability becomes merged in a judgment, the [relevant] Borrower must pay interest on the amount of that liability as an independent obligation. This interest:
(a) accrues daily from (and including) the date the liability becomes due for payment both before and after the judgment up to (but excluding) the date the liability is paid; and ã Mallesons ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ 10616910_8 ▇▇▇▇▇ ▇▇▇▇▇▇ — Bullet Facility Agreement 21 June 2011 12
(b) is calculated at the judgment rate or the Default Rate (whichever is higher). The [relevant] Borrower must pay interest under this clause to the Financier on demand from the Financier.
Interest following judgment. If a liability becomes merged in a judgment, then the company agrees to pay GE Capital on demand interest on the amount of that liability as an independent obligation. This interest:
Interest following judgment. If a Borrower's liability under a Financing Document is the subject of a judgment or order, the obligation to pay interest under this clause is an obligation separate from the judgment or order and will subsist despite the making of the judgment or order.
Interest following judgment. If a liability becomes merged in a judgment, each Seller and the Servicer agree to pay interest on the amount of that liability as an independent obligation. This interest:
(a) accrues daily from (and including) the date the liability becomes due for payment both before and after the judgment up to (but excluding) the date the liability is paid; and
(b) is calculated at the judgment rate or the Default Rate (whichever is higher). Each Seller and the Servicer agree to pay interest under this clause on demand from the Buyer (acting on the instructions of the Manager).
Interest following judgment. If a liability of an Obligor becomes merged in a judgment, that Obligor agrees to pay interest on the amount of that liability as an independent obligation. This interest:
(a) accrues daily from (and including) the date the liability becomes due for payment both before and after the judgment up to (but excluding) the date the liability is paid; and
(b) is calculated at the judgment rate or the Default Rate (whichever is higher). Clause 15.1 ("Obligation to pay") and clause 15.2 ("Compounding") apply (with necessary changes) to this interest. -------------------------------------------------------------------------------- 16 Guarantee and indemnity
Interest following judgment. If a liability becomes merged in a judgment, then the company agrees to pay the Lender on demand interest on the amount of that liability as an independent obligation. This interest:
Interest following judgment. If a liability under this guarantee and indemnity becomes merged in a judgment or order, then the Guarantor agrees to pay interest to the Trustee on the amount of that liability as an independent obligation. This interest accrues from the date the liability becomes due for payment both before and after the judgment or order until it is paid, at a rate that is the higher of the rate payable under the judgment or order and the rate referred to in clause 5.1. ------------------------------------------------------------------------------- 6 Extent of guarantee and indemnity