Other Interest Sample Clauses
The "Other Interest" clause defines the rights of parties other than the primary lender or creditor to receive interest payments under an agreement. Typically, this clause specifies who qualifies as an "other interest" party, such as assignees, participants, or third-party beneficiaries, and outlines the circumstances under which they may claim interest. Its core function is to clarify entitlement to interest payments, thereby preventing disputes over who is eligible to receive such payments and ensuring transparency in financial arrangements.
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Other Interest. The Borrower shall pay interest on all amounts payable hereunder at the rate specified herein or, if no rate is specified, at the Prime Rate plus the Applicable Margin calculated daily and compounded monthly, from the date due until paid in full (both before and after demand, maturity, default and, to the extent permitted by law, judgment).
Other Interest. It is accepted and acknowledged that the Director has other business interests, but the Director agrees that she shall not be an employee, director, agent or consultant of or otherwise interested in any business which competes with the business of the Group during the term of the Appointment.
Other Interest. Since December 31, 1996, Lexington has not acquired any interest or investment (whether equity or debt) in any corporation, partnership, joint venture, business trust or other entity which is, or will be, required to be reported by Lexington in a report to the SEC and which has not been so reported.
Other Interest. Except as set forth in the Company Disclosure Letter, except for interests in the Company Subsidiaries, neither the Company nor any Company Subsidiary owns directly or indirectly any interest or investment (whether equity or debt) in any corporation, partnership, joint venture, business, trust or entity.
Other Interest. 17 Section 6.6 NO VIOLATION................................................18 Section 6.7
Other Interest. The Company does not own directly or -------------- indirectly any interest or investment (whether equity or debt) in any corporation, partnership, joint venture, business, trust or entity.
Other Interest. In addition to the interest payable in accordance with paragraph 1(a) above, from and including the Date of Issuance, interest (the “Other Interest”) shall accrue on a daily basis at 5% per annum based on the then outstanding principal amount payable under this Note. Such interest shall be compounded semi-annually (beginning June 30, 2004) and shall be added to the outstanding principal amount of this Note and shall be considered for all purposes of this Note additional principal.
Other Interest. No person other than the Insured (or an Insured Person with the express permission of the Insured) can make a claim under this Policy.
Other Interest. If Borrower acquires the fee or any other interest in the Land, or any part thereof, or improvements situated thereon, such acquired interest shall immediately become subject to the lien of this Mortgage as fully and completely, and with the same effect, as if Borrower now owned it and as if this Mortgage specifically described it, without the need for the delivery and/or recording of a supplement to this Mortgage or any other instrument. In the event of any such acquisition, the fee and leasehold interests in such Land or improvements, unless the Lender elects otherwise in writing, shall remain separate and distinct and shall not merge, notwithstanding any principle of law to the contrary.
Other Interest. 17 Section 6.6