Default Interest and Break Costs. 19.1 Default Interest If any sum due and payable by an Obligor hereunder is not paid on the due date therefor in accordance with Clause 22 (Payments) or if any sum due and payable by an Obligor under any judgment of any court in connection herewith is not paid on the date of such judgment, the period beginning on such due date or, as the case may be, the date of such judgment and ending on the date upon which the obligation of such Obligor to pay such sum is discharged shall be divided into successive periods, each of which (other than the first) shall start on the last day of the preceding such period and the duration of each of which shall (except as otherwise provided in this Clause 19) be selected by the Agent.
Default Interest and Break Costs. 76 26. USPE's INDEMNITIES ............................................. 77 27. CURRENCY OF ACCOUNT AND PAYMENT ................................ 78 28. PAYMENTS ....................................................... 79 29. SET-OFF......................................................... 81 30. SHARING......................................................... 81 31. THE AGENT, THE ARRANGER, THE BANKS ............................. 82 32.
Default Interest and Break Costs. 79 26. Parent's Indemnities...................................................80
Default Interest and Break Costs. 48 20. Indemnities....................................................... 48
Default Interest and Break Costs. 17.1 Default Interest Periods
17.1.1 any amount payable by it pursuant to sub-clause 7.1.1 of Clause 7.1 (Borrower's Indemnity to Lenders), the period beginning on the date on which the relevant Finance Party paid any sum due and payable under the relevant Letter of Credit and ending on the date upon which the obligation of such Obligor to pay such sum is discharged shall be divided into successive periods:
(a) the first three periods being periods of a duration of one day each, which (other than the first) shall start on the last day of the preceding such period; and
(b) thereafter, each such period shall start on the last day of the preceding period and the duration of each of which shall (except as otherwise provided in this Clause 17) be selected by the Agent;
17.1.2 any other amount payable by it under a Finance Document on its due date, or if any sum due and payable by an Obligor under any judgment of any court in connection herewith is not paid on the date of such judgment, the period beginning on such due date or, as the case may be, the date of such judgment and ending on the date upon which the obligation of such Obligor to pay such sum is discharged shall be divided into successive periods, each of which (other than the first) shall start on the last day of the preceding such period and the duration of each of which shall (except as otherwise provided in this Clause 17) be selected by the Agent.
Default Interest and Break Costs. 95 29. Parent's Indemnities.................................................96 30. Currency Of Account And Payment......................................98 31. Payments.............................................................98
Default Interest and Break Costs. 27.1 Default Interest Periods If any sum due and payable by an Obligor hereunder is not paid on the due date therefor in accordance with Clause 30 (Payments) or if any sum due and payable by an Obligor under any judgment of any court in connection herewith is not paid on the date of such judgment (in either case an "Unpaid Sum"), the period beginning on such due date or, as the case may be, the date of such judgment and ending on the date upon which the obligation of such Obligor to pay such sum is discharged shall be divided into successive periods (each an "Interest Period"), each of which (other than the first) shall start on the last day of the preceding Interest Period and the duration of each of which shall (except as otherwise provided in this Clause 27) be selected by the Agent.
Default Interest and Break Costs. 30 Execution Copy 21. BORROWER'S INDEMNITIES.................................................31
Default Interest and Break Costs. 44 21. Borrowers' Indemnities 45 22. Currency Of Account And Payment 46 23. Payments 46 24. Set-Off 47 25. Sharing 47 26. The Agent, The Arranger And The Banks 48 27. Assignments And Transfers 53 28. Economic And Monetary Union 55 29. Calculations And Evidence Of Debt 57 30. Remedies And Waivers, Partial Invalidity 58 31. Notices 58 32. Counterparts 59 33. Amendments 59 34. Additional Borrowers 60 35. Governing Law 60 36. Jurisdiction 60 Schedule 1 The Banks 63 Schedule 2 Form Of Transfer Certificate 64 Schedule 3 Conditions Precedent 67 Schedule 4 Notice Of Drawdown 68 Schedule 5 Determination Of Margin And Commitment Commission 69 Schedule 6 Deed Of Accession 71 THIS AGREEMENT is made on 18 December 1998 BETWEEN
Default Interest and Break Costs. 63 25. GUARANTOR'S INDEMNITIES............................................................. 64 26. CURRENCY OF ACCOUNT AND PAYMENT..................................................... 65 27. PAYMENTS............................................................................ 66 28. SET-OFF............................................................................. 68 29. SHARING............................................................................. 68 30. THE AGENT, THE ARRANGERS, THE BANKS AND THE L/C ISSUING BANK........................
