Common use of Default Interest and Break Costs Clause in Contracts

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. 19.1 20.1 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 23 (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 1920) be selected by the Agent.

Default Interest and Break Costs. 19.1 28.1 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 22 31 (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 1928) be selected by the Agent.