INTEREST TO ACCRUE Sample Clauses

The 'Interest to Accrue' clause establishes that interest will accumulate on certain amounts owed under the agreement, typically when payments are overdue. In practice, this means that if a party fails to pay an invoice or other financial obligation by the due date, interest will begin to accrue on the outstanding balance at a specified rate until payment is made. This clause serves to incentivize timely payments and compensates the owed party for the time value of money lost due to late payment, thereby helping to deter payment delays and allocate the cost of late payments.
INTEREST TO ACCRUE. If the whole of the principal sum evidenced by the Note and interest, shall become due by exercise of the option of the Mortgagee after default by the Mortgagor under any of the terms, covenants and conditions of this Mortgage and/or the Note, or if the whole of said principal sum and interest shall mature and become due under the terms, covenants and conditions of this Mortgage and the Note regardless of default, if any, on the part of the Mortgagor, then interest on said principal sum shall continue to accrue at the rate provided for in the Note, and in this Mortgage, until said principal sum is fully paid.
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INTEREST TO ACCRUE. If the outstanding Indebtedness shall either mature or become due because of an acceleration by the Mortgagee of the Mortgagor's obligation to repay the Indebtedness caused by an Event of Default, then interest on the Indebtedness shall continue to accrue at the Default Rate, as defined in the Note, until paid in full.
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INTEREST TO ACCRUE. If the whole of the principal sum evidenced by the Reimbursement Agreement and interest, shall become due by exercise of the option of the Mortgagee after default by the Company under any of the terms, covenants and conditions of this Mortgage and/or the Reimbursement Agreement, or if the whole of said principal sum and interest shall mature and become due under the terms, covenants and conditions of this Mortgage and the Reimbursement Agreement regardless of default, if any, on the part of the Company, then interest on said principal sum shall continue to accrue at the rate provided for in the Note, and in this Mortgage, until said principal sum is fully paid.
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INTEREST TO ACCRUE. If the Indebtedness shall become due and payable because of an acceleration by the Lender of the Borrower's obligation to repay the Indebtedness caused by an Event of Default hereunder or if the Indebtedness shall mature and become due, then interest on the Indebtedness shall continue to accrue at the Default Rate, as defined in the Note, until paid in full.
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Related to INTEREST TO ACCRUE

  • 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 Accrual Each Class of Notes will accrue interest on its Note Balance for each Interest Period until the Note Balance has been paid in full at a rate per annum equal to its Note Interest Rate for that Interest Period. Interest on the Class A-1 and Class A-2b Notes will be calculated for each Interest Period on the basis of the actual number of days in the Interest Period and a 360-day year. Interest on the Notes (other than the Class A-1 and Class A-2b Notes) for each Interest Period will be calculated on the basis of a 360-day year consisting of twelve 30-day months. Interest on each Note for each Interest Period will be due and payable on the related Payment Date.

  • Interest Limitation It is the intention of the Company to conform strictly to all applicable usury laws and any subsequent revisions, repeals or judicial interpretations thereof. Accordingly, if the transactions contemplated hereby would be usurious under any applicable law then, in that event, notwithstanding anything to the contrary in the Securities or this Indenture, it is agreed as follows: (i) the aggregate of all consideration which constitutes interest under applicable law with respect to a Security shall under no circumstances exceed the maximum amount allowed by applicable law, and any excess shall be credited to the principal amount of such Security (or, if the principal amount of such Security shall have been paid in full, refunded to the Company), to the extent permitted by applicable law; and (ii) in the event that the maturity of any Security is accelerated or in the event of any redemption of such Security, then such consideration that constitutes interest under applicable law may never include more than the maximum amount allowed by applicable law, and any excess shall be credited to the principal amount of such Security (or, if the principal amount of such Security shall be paid in full, refunded to the Company), to the extent permitted by applicable law. All calculations made to compute the rate of interest with respect to a Security for the purpose of determining whether such rate exceeds the maximum amount allowed by applicable law shall be made, to the extent permitted by such applicable law, by allocating and spreading during the period of the full stated term of such Security all interest any time contracted for, taken, reserved, charged or received by such Holder or by the Trustee on behalf of any such Holder in connection therewith so that the amount or rate of interest charged for any and all periods of time during the term of the Security does not exceed the maximum amount or rate of interest allowed to be charged by law during the relevant period of time. Notwithstanding any of the foregoing, if at any time applicable laws shall be changed so as to permit a higher rate or amount of interest to be charged than that permitted prior to such change, then unless prohibited by law, references in this Indenture or any Security to “applicable law” when used in the context of determining the maximum interest or rate of interest that can be charged shall be deemed to refer to such applicable law as so amended to allow the greater amount or rate of interest. The right to accelerate maturity of any Security does not include the right to accelerate any interest which has not otherwise accrued to the date of such acceleration, provided, however, that the foregoing shall not prohibit the continuing accrual after acceleration of interest in accordance with the terms of the Indenture and such Security.

  • Interest Due Without limiting any other rights or remedies available to either Party, each Party shall pay the other interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate of [*] per annum or the maximum applicable legal rate, if less, calculated on the total number of days payment is delinquent.

  • Interest Rate Payments Subject to Holder's right to charge the Default Rate (as hereinafter defined) pursuant to Section 4 hereof, this Note shall bear interest, and Maker shall make payments as follows: (a) Interest shall accrue on the unpaid principal balance of this Note at the Interest Rate (as defined in Exhibit A). For purposes of computing interest on the debt evidenced hereby, interest shall be calculated on the basis of a twelve (12) month calendar year applied to the actual number of months funds are outstanding. Payments (or prepayments) made on account hereof shall be applied first to the payment of late charges or other fees and costs owed to Holder (if any), next to the payment of accrued and unpaid interest, and then to principal, or, during the continuance of an Event of Default (as hereinafter defined), in such other order or proportion as Holder, in its sole discretion, may elect from time to time. (b) Interest and principal over the term of the Note shall be due and payable monthly in accordance with the Payment Schedule set forth in Exhibit F. Maker may at any time or from time to time make a voluntary prepayment, whether in whole or in part, of this Note, without premium or penalty. (c) The entire outstanding Obligations (as hereinafter defined) shall be due and payable in full on the Maturity Date (as defined in Exhibit A) or such earlier date resulting from acceleration by Holder of the Obligations due hereunder following an Event of Default (the “Maturity Date”).