THEN. The whole balance of the amount loaned then unpaid shall become due and payable on demand by Caribbean Microfinance together with interest calculated at the effective rate of the loan as well as before or as after judgement (minimum charge $50.00)to which shall be added any legal fees and/or collection charges which amount shall not exceed 25% of the unpaid balance incurred by Caribbean Microfinance Trinidad & Tobago Limited in the recovery of the said unpaid loan balance and/or interest thereon.
Appears in 2 contracts
Sources: Loan Agreement, Loan Agreement