Amounts in default Sample Clauses

Amounts in default each non-paying Pool Debtor will be responsible in relation to any amount in default in accordance with the following paragraphs:-

Amounts in default. Each Non-paying Pool Debtor will be responsible in relation to any Amount in Default in accordance with the following paragraphs:- 25.4.1 each Non-paying Pool Debtor will be responsible for the repayment of all amounts of principal drawn down under the Credit Facility in respect of any Amount in Default relating to that Pool Debtor as if the Pool Funds Administrator had made a loan to such Pool Debtor of the relevant amount and the amounts so payable are to be paid to, or otherwise made available for credit to, the Pool Clearing Account as soon as possible, but in any event no later than two Business Days after the relevant Payment Date; 25.4.2 each Non-paying Pool Debtor will be responsible also for interest (determined in accordance with paragraph 25.

Amounts in default. Each non-paying Pool Debtor will be responsible in relation to any amount in default in accordance with the following paragraphs: 25.4.1 each non-paying Pool Debtor will be responsible for the repayment of all amounts of principal drawn down under the Credit Facility in respect of any amount in default relating to that Pool Debtor as if the Pool Funds Administrator had made a loan to such Pool Debtor of the relevant amount and the amounts so payable are to be paid to, or otherwise made available for credit to, the Pool Clearing Account as soon as possible, but in any event no later than two Business Days after the relevant Payment Date; 25.4.2 each non-paying Pool Debtor will be responsible also for interest (determined in accordance with paragraph 25.4.4) on all amounts of principal drawn down under the Credit Facility in respect of any amount in default relating to that Pool Debtor as if the Pool Funds Administrator had made a loan to such Pool Debtor of the relevant amount and the amount so payable by way of interest is to be paid to, or otherwise made available for credit to, the Pool Clearing Account by no later than the day notified by the Pool Funds Administrator to such Pool Debtor for payment thereof (being the date which is 2 Business Days prior to the date on which interest is payable under the Credit Facility by the Pool Funds Administrator to the Facility Bank for the month in which the principal amount in question was outstanding); 25.4.3 each non-paying Pool Debtor will further be res ponsible for its proportionate share (determined in accordance with paragraph 25.4.5) of any additional sum payable to the Facility Bank pursuant to the terms of the Credit Facility as if the Pool Funds Administrator had made a loan to such Pool Debtor of the relevant amount and the amount so payable is to be paid to, or otherwise made available for credit to, the Pool Clearing Account forthwith on notification thereof by the Pool Funds Administrator to the Pool Debtor in question; 25.4.4 for the purposes of paragraph 25.4.2, int erest is to be calculated using the effective daily rate of interest reasonably determined by the Pool Funds Administrator on the basis of the aggregate interest (including any compound interest) payable under the Credit Facility in .-relation to any particular day; 25.4.5 for the purposes of paragraph 25.4.3, the propor tionate share for a particular non-paying Pool Debtor is the amount (if any) which the Pool Funds Administrator reas...