Interest and Compensation. (i) If the Client fails to make any payment under the Agreement when due, the Client will, to the fullest extent permitted by law, pay to GTJAFX interest (before and after judgment) on such unpaid amount, from (and including) the due date to (but excluding) the date of actual payment, at the Default Rate, as determined by GTJAFX.
Interest and Compensation. (i) Prior to Early Termination. Prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction:—
Interest and Compensation. Members will not be credited with interest on their capital accounts, and unless unanimous of the other Members agree, Members in their capacity as Members shall not be entitled to salary for services rendered on behalf of the Company.
Interest and Compensation. Any interest paid on loans made by Members to the Company, all guaranteed payments made to Class B Members and all compensation paid to the Members for goods or services shall be deducted from the gross income of the Company.
Interest and Compensation. 17 Section 12.2 Loans..................................................................17
Interest and Compensation. No Member will be credited with interest on his or her capital account, and, unless the other Members unanimously agree, no Member in his or her capacity as a Member shall be entitled to any payments for services rendered on behalf of the Company.
Interest and Compensation. In the event of failure to pay on the invoice due date: • all amounts due to Aertssen Transport, also the amounts that have not yet expired, are legally due and payable without any notice of default. • any delay in payment shall automatically and without notice give rise to the application of an interest rate of 1% per month from the due date, to be capitalised automatically and immediately, without notice. • any delay in payment shall automatically and without notice also give rise to a fixed compensation of 10% on the outstanding balance to be paid, with a minimum of EUR 125. The award of this reasonable compensation of 10% does not exclude payment of any litigation costs nor of any other proven recovery costs. • Aertssen Transport is no longer obliged to (further) execution and can suspend all deliveries immediately and without prior notice without any compensation for the Client. • all permitted payment terms expire, and Xxxxxxxx Transport may decide to further execute the Agreement under the strict condition that the price due is fully settled before delivery is made.
Interest and Compensation. Section 9(h)(i) Where a payment is not made prior to the occurrence or effective designation of an Early Termination Date, whether because it has been deferred due to the operation of Section 2(a)(iii) or because a party has defaulted in the performance of any payment obligation, Section 9(h)(i) provides that interest or compensation may be due in respect of these defaulted (or deferred) payments or deliveries. The calculation of interest or compensation could be calculated and effected automatically by the smart contract code. However, although a party may have the right to apply interest or request compensation it may choose not to exercise that right. For example, small amounts of interest might be waived for a favoured client. This is a sensitive issue for automation and requires the capability for smart contract code to be able to communicate with one or more parties to obtain authorisation to proceed with the calculation and operation of these additional payments (and if it is not possible for the smart contract code to make the payments — perhaps due to lack of funds in a designated account — then the smart contract code may need the capability to raise the issue again with one or more parties to determine how to proceed).
Interest and Compensation
