Unpaid Interest Clause Samples

The Unpaid Interest clause defines how interest that has accrued but not yet been paid is handled under an agreement. Typically, this clause specifies when unpaid interest becomes due, whether it accrues additional interest (compounding), and how it is calculated if payments are missed or delayed. For example, if a borrower fails to make a scheduled interest payment, the clause may state that the unpaid amount will continue to accrue interest at the agreed rate until it is paid in full. The core function of this clause is to ensure that lenders are compensated for the time value of money when interest payments are not made as scheduled, thereby protecting their financial interests and incentivizing timely payments.
POPULAR SAMPLE Copied 2 times
Unpaid Interest. Interest not paid on any Interest Payment Date will accrue and compound at the Interest Rate. Such interest will accrue and compound to the date that it is actually paid.
View SourceView Similar (3)
Unpaid Interest. Interest not paid on any Interest Payment Date, including any interest deferred during any Extension Period, will accrue and compound at the from time to time then applicable interest rate (whether semi-annually at the Fixed Rate or quarterly at the Floating Rate, as the case may be). Subject to Section 2.5(a)(iii) and Section 2.5(b)(iii), such interest will accrue and compound to the date that it is actually paid.
View SourceView Similar (2)
Unpaid Interest. In case any one or more Events of Default shall --------------- occur and be continuing, any due but unpaid interest shall continue to remain due and accrue interest thereon at the rate of eight percent (8%) per annum from the date on which it is due until paid.
View SourceView Similar (2)
Unpaid Interest. All unpaid interest will bear interest at the rate stipulated hereinabove, but will remain exigible at all times, without further notice or putting in default.
View Source
Unpaid Interest. The parties agree that the Unpaid Interest shall be considered due and payable as of June 30, 2017. The Borrower shall pay the Unpaid Interest to the Lender on or before December 31, 2017 (“Interest Due Date”) or earlier at the Borrower’s discretion and funds availability. The Unpaid Interest shall be, absent manifest error, constituting in aggregate the prima facie evidence of the interest only amount accrued and unpaid under the Loan as of June 30, 2017, provided, however, the failure to record any such amount or any error in recording such amount shall not limit or otherwise affect the obligations of the Borrower under this Agreement to pay such amount to the Lender. The Borrower may repay the Unpaid Interest Amount in any incremental amounts from time to time at the Borrower’s discretion on or before the Interest Due Date. The Borrower hereby specifically acknowledges its responsibility to pay the entire Unpaid Interest Amount in cash. Furthermore, the parties agree that as of the date of this Effective Date of this Agreement any and all interest under the Loan shall stop accruing as of the Effective Date of this Agreement.
View Source
Unpaid Interest. No unpaid interest shall bear interest against the Company or the Guarantor.
View Source
Unpaid Interest. The parties agree to the following amendment: The parties agree that as of the Effective Date of this Agreement, the amount of accrued and unpaid interest under the Combined Loan is One Hundred Two Thousand Seven Hundred Twenty-Five ($102,725.13) U.S. Dollars and 13 cents (“Unpaid Interest Amount”) shall be considered due and payable as of December 31, 2016. The Borrower shall pay the Unpaid Interest Amount to the Lender on or before March 15, 2017 (“Interest Due Date”) The Unpaid Interest Amount shall be, absent manifest error, constituting in aggregate the prima facie evidence of the interest only amount accrued and unpaid under the Loan as of December 31, 2016, provided, however, the failure to record any such amount or any error in recording such amount shall not limit or otherwise affect the obligations of the Borrower under this Agreement to pay such amount to the Lender. The Borrower may repay the Unpaid Interest Amount in any incremental amounts from time to time at the Borrower’s discretion on or before the Interest Due Date. The Borrower hereby specifically acknowledges its responsibility to pay the entire Unpaid Interest Amount in cash.
View Source
Unpaid Interest. The provisions of Clause 19.1 (DETERMINATION OF THE RATE OF DEFAULT INTEREST) shall only apply to Unpaid Amounts which correspond to interest payable under Clause 19.1 if, within the meaning of Article 1154 of the French Civil Code, such interest is due for a period of at least one year.
View Source

Related to Unpaid Interest

  • 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

  • Accrued Interest Each prepayment under this Section 2.04(b) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 as a result of such prepayment.

  • Default Rate Interest In the event that the Corporation does not make timely payment of all or any portion of a Tax Benefit Payment to a Member on or before the Final Payment Date as determined pursuant to Section 3.1(a), the amount of “Default Rate Interest” calculated in respect of the Net Tax Benefit (including previously accrued Imputed Interest and Extension Rate Interest) for a Taxable Year will equal interest calculated at the Default Rate from the Final Payment Date for a Tax Benefit Payment as determined pursuant to Section 3.1(a) until the date on which the Corporation makes such Tax Benefit Payment to such Member. For the avoidance of doubt, the amount of any Default Rate Interest as determined with respect to any Net Tax Benefit payable by the Corporation to a Member shall be included in the Hypothetical Tax Liability of the Corporation for purposes of calculating Realized Tax Benefits and Realized Tax Detriments pursuant to this Agreement.

  • Scheduled Interest The Borrower shall pay interest on the unpaid principal amount of each Advance owing to each Lender from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Interest and Interest Rates The rate or rates at which the Notes shall bear interest, the date or dates from which such interest shall accrue, the interest payment dates on which any such interest shall be payable and the regular record date for any interest payable on any interest payment date, in each case, shall be as set forth in the form of Note set forth as Exhibit A hereto.