Interest on Overdue Amounts definition

Interest on Overdue Amounts. Interest on overdue amounts is payable as specified in Schedule A hereto.
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Interest on Overdue Amounts means interest at a per annum rate equal to the "prime rate" (or substantial equivalent) announced from time to time (as adjusted monthly) by Comerica Bank, Detroit, Michigan, plus 2%; provided, however, that if such rate shall exceed the lawful rate of interest which Landlord is entitled to charge under applicable law, then the per annum rate of interest on any such overdue amounts shall be the maximum rate permitted by applicable law. Landlord: Captec Ster Aurora, L.L.C. 24 ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Drive Lobby L 4th Floor, P. 0. ▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ FAX: (▇▇▇) ▇▇▇-▇▇▇▇
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Interest on Overdue Amounts the Company must immediately on demand by the Facility Agent pay interest on the overdue amount from its due date up to the date of actual payment, calculated by the Facility Agent. Interest on an overdue amount is payable at a rate determined by the Facility Agent to be two per cent per annum above the rate which would have been payable if the overdue amount had, during the period of non-payment, constituted a Loan in the currency of the overdue amount.
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Examples of Interest on Overdue Amounts in a sentence

  • Payments; Computations; Interest on Overdue Amounts 35 Section 2.11.

  • Interest on Overdue Amounts; Alternative Rate of Interest............................................

  • Interest on Overdue Amounts; Alternative Rate of Interest................

  • Payments; Computations; Interest on Overdue Amounts; Retroactive Adjustments of Applicable Rate 49 Section 2.11.

  • Interest on Overdue Amounts; Alternative Rate of Interest 36 SECTION 2.11.

  • Interest on Overdue Amounts; Alternative Rate of Interest 52 Section 2.12.

  • Interest on Overdue Amounts.............................................................

  • Interest on Overdue Amounts; Alternate Rate of Interest31 SECTION 2.09.

  • Interest on Overdue Amounts.......................................

  • Interest on Overdue Amounts: I agree to pay interest, which shall accrue daily and be calculated and payable on the last day of each calendar month or upon any demand being made by H&S, on all overdue balances owing by me to H&S (after as well as before any judgment).

Related to Interest on Overdue Amounts

  • Overdue Amount means any amount required to be paid by the Issuer under any of the Finance Documents but not made available to the Bondholders on the relevant Payment Date or otherwise not paid on its applicable due date.

  • Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;

  • Overdue Rate means, on any date, a per annum rate of interest equal to the lesser of (i) twelve percent (12%) or (ii) the maximum rate then permitted under applicable law.

  • Default Interest means interest chargeable in terms of this Agreement to unpaid amounts or outstanding obligations which interest shall be calculated, from the due date until date of payment, on a daily balance and compounded monthly in arrear at an annual rate of two percent (2%) above the prevailing, variable prime rate publicly quoted by ABSA Bank Limited from time to time.