Russian loan agreement translation. A model loan agreement was translated into Russian that contained the loan terms and conditions, provisions regarding the interest rate, and penalty interest payable.
The job involved Russian loan agreement translation from the English language, standard banking terminology was used and some concepts inherent to English banking documents of this kind were to be rendered into Russian. This kind of legal translation required special attention to banking terminology and in-depth understanding of the case.
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Interest on Defaulted Payments. If a party defaults in the performance of any payment obligation, it will, to the extent permitted by applicable law and subject to Section 6(c), pay interest (before as well as after judgment) on the overdue amount to the other party on demand in the same currency as the overdue amount, for the period from (and including) the original due date for payment to (but excluding) the date of actual payment (and excluding any period in respect of which interest or compensation in respect of the overdue amount is due pursuant to clause (3)(B) or (C) below), at the Default Rate.
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Процент по просроченным платежам. В случае неисполнения одной из сторон платежного обязательства, она, в пределах, разрешенных по законодательству и предусмотренных в Разделе 6(c), выплачивает проценты (как до, так и после вынесения решения) по просроченной сумме долга другой стороне по ее требованию в той же валюте, в которой выражена просроченная сумма долга, за период с (включительно) первоначальной даты срока платежа до (не включительно) даты фактического платежа (исключая любой период, в отношении которого предусматривается выплата процентов или компенсации по просроченной сумме долга в соответствии со статьей (3)(B) или (C) ниже), по Ставке при неисполнении обязательств. |
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