No Interest on Deferred Amount Sample Clauses

No Interest on Deferred Amount. The unpaid balance of the ------------------------------ Deferred Amount shall not bear interest, except in the event of a default by the Purchaser in making the Monthly Payments, in which case the entire unpaid balance of the Deferred Amount may accelerate and shall accrue interest at the Prime Rate existing at the time of such default, plus three (3) percent unless and until paid or cured, as provided in the Promissory Notes.
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Related to No Interest on Deferred Amount

  • No Interest on Contributions No Partner shall be entitled to interest on its Capital Contribution.

  • No Interest on Capital Contributions Members are not entitled to interest or other compensation for or on account of their capital contributions to the Company except to the extent, if any, expressly provided in this Agreement.

  • No Interest on Capital No Partner shall be entitled to interest on its Capital Contributions or its Capital Account.

  • Interest on Capital Contributions No Member shall be entitled to any interest on its capital contribution.

  • Interest on Deposits Any interest earned on cash deposits will be credited to CLEC in the amount actually earned or at the rate set forth in Section 8.7 below, whichever is lower, except as otherwise required by law, provided that, for elimination of doubt, the Parties agree that such deposits are not subject to state laws or regulations relating to consumer or End User Customer cash deposits. Cash deposits and accrued interest, if applicable, will be credited to CLEC's account or refunded, as appropriate, upon the earlier of the expiration of the term of this Agreement or the establishment of satisfactory credit with Qwest, which will generally be one full year of consecutive timely payments of undisputed amounts in full by CLEC. Upon a material change in financial standing, CLEC may request, and Qwest will consider, a recalculation of the deposit. The fact that a deposit has been made does not relieve CLEC from any requirements of this Agreement.