Outstanding Interest Sample Clauses
The Outstanding Interest clause defines how unpaid interest on a principal amount is handled under an agreement. Typically, it specifies that any interest which accrues but remains unpaid by a certain date will continue to accumulate, often at a specified rate, until it is fully paid. For example, if a borrower misses an interest payment, the clause ensures that the unpaid interest does not disappear but instead continues to be owed and may itself accrue further interest. This clause's core function is to ensure that lenders are compensated for the time value of money and to incentivize timely payment by borrowers, thereby reducing the risk of loss due to delayed payments.
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Outstanding Interest. Any prepayment under (a) or (b) shall also be accompanied by payment of all outstanding interest, fees and other amounts accrued pursuant to Section
Outstanding Interest. If the Borrower elects not to proceed with any prepayment of the Loan and cancellation (in whole or in part) of the Commitment by the Test Date or if the Borrower elects to proceed with a partial prepayment of the Loan and cancellation of the Commitment by the Test Date and in either case, the Margin is retroactively increased accordingly from 1 January 2015, the Borrower is required, as a result of such increase, to pay to the Bank for the period from 1 January 2015 until the Test Date an additional amount of interest and the Borrower and the Bank hereby agree that such amount is payable by the Borrower on the Test Date.
Outstanding Interest. 97 Section 8.24 Capital Contribution Agreement.......................... 98 Section 8.25 Amendment to Volume Purchase Agreement.................. 98 Section 8.26 Master Services Agreements and Other Agreements; Acknowledgement of Assignment....................... 98 Section 8.27
Outstanding Interest. The Company, simultaneous with the executive hereof, will tender to WEDGE a check in the amount of $283,500 to pay for all accrued and unpaid interest relating to the October Debenture.
Outstanding Interest. Pursuant to clause 2 of the Supplemental Agreement the Borrowers and the Banks have agreed to the increase of Margin from 1 January 2012 and at all times thereafter. As a result of such increase, the Borrowers are required to pay to the Banks for the period from 1 January 2012 until the Effective Date an additional amount of interest of $355,459.92 (as regards the Fontvieille Tranche) and of $293,758.75 (as regards the Moneghetti Tranche) and the Borrowers and the Banks hereby agree that such amount is payable by the Borrowers to the Agent (for and on behalf of the Banks) in the following instalments and on the following dates:
(a) in respect of the Fontvieille Tranche:
(i) the amount of $177,729.96 on 4 August 2012; and
(ii) the amount of $177,729.96 on 4 November 2012; and
(b) in respect of the Moneghetti Tranche:
(i) the amount of $97,919.25 on 6 July 2012;
(ii) the amount of $97,919.25 on 30 September 2012; and
(iii) the amount of $97,920.25 on 30 December 2012.”;
3.1.10 by deleting clause 8.3.12 of the Principal Agreement in its entirety and by inserting in its place the following new clause 8.3.12:
Outstanding Interest. The Borrower has failed to pay -------------------- accrued interest on the Loans, Notes and Reimbursement Obligations pursuant to Section 4.1 of the Credit Agreement. As of the close of business on August 31, 2001, the outstanding unpaid amount of accrued interest on the Loans was $985,030.62 ("Outstanding Interest").
Outstanding Interest. Through a separate agreement between ------------ -------------------- Borrower and Nortel executed on or before the Closing Date, Borrower shall have paid or otherwise satisfied the full amount of all interest due on Nortel Goods and Services delivered prior to the Closing Date (as provided in such separate agreement).
Outstanding Interest. The Borrower and the Bank hereby agree that the unpaid interest amount of $449,078.12 due to the Bank as at the Sixth Effective Date (consisting of an amount of interest of $201,537.50 originally due to the Bank on 8 February 2012 and an amount of interest of $247,540.62 originally due to the Bank on 31 May 2012) shall be paid to the Bank on the date when the amendment and restructuring fee referred to in clause 5.1.4 falls due pursuant to the terms of this Agreement and the Sixth Supplemental Agreement.
Outstanding Interest. Any prepayment under (a) or (b) shall also be accompanied by payment of all outstanding interest, fees and other amounts accrued pursuant to Section 2.6 hereof on the amount of outstanding Principal being so prepaid.
Outstanding Interest. Priveco will have no more than one Unit outstanding on the Closing Date.