Default Interest and Indemnity. 15.1 If interest in respect of any Note which is due and payable by the Issuer hereunder is not paid on the due date therefor or if any sum due and payable by the Issuer under any judgment of any court in connection herewith is not paid on the date of such judgment, such sum (the balance thereof for the time being unpaid being herein referred to as an "unpaid sum") shall bear interest 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 the Issuer to pay is discharged over successive periods selected by the relevant Noteholder(s). During each such period an unpaid sum shall bear interest at the rate of two per cent. (2%) per annum above the rate payable under Clause 14.1.
15.2 Any interest which shall have accrued under Clause 15.1 in respect of an unpaid sum shall be due and payable and shall be paid by the Issuer to the relevant Noteholder(s) at the end of the period by reference to which it is calculated or on such other date or dates as such Noteholder(s) may specify by written notice to the Issuer.
15.3 The Issuer undertakes to indemnify each Noteholder against any cost, claim, loss, expense (including legal fees) or liability, which it may sustain or incur as a consequence of the occurrence of any default by the Issuer in the performance of any of the obligations expressed to be assumed by it in respect of the Notes.
Default Interest and Indemnity. 17 17. Payments...............................................................18 18.
Default Interest and Indemnity. 25 18. Currency of Account and Payment........................................ 27 19. Payments............................................................... 27 20.
Default Interest and Indemnity. Notwithstanding the foregoing, in the event of any default in the payment when due, of any Obligation, the unpaid amount shall bear default interest, payable on demand, unless otherwise specified in the relevant Application or Facility Documentation, at the rate determined by the Bank from time to time to be four percent per annum (4% p.a.) above the Bank's cost of funds ("Default Rate"). In addition to the payment of interest at the Default Rate ("Default Interest"), the Customer shall pay, and otherwise indemnify and hold the Bank harmless from and against, all costs or losses arising from such default.
(d) 貨幣兌換：有關 貴行為立約人所為之任何交易，如 貴行需將一貨幣兌換為另一貨幣（包含但不限於依後段約定所為之兌換）時，立約人應負擔全部有關之費用及損失，包含但不限於因匯率變動所致之損失。於違約情事（定義如后）發生時， 貴行有權（但無義務）為調度資金、求償執行或其他目的，而逕行將立約人尚未清償之融資，自一貨幣 兌換為另一貨幣。
Default Interest and Indemnity. 25 15. SET-OFF AND REDISTRIBUTION OF PAYMENTS . . . . . . . . . . . . . . . . . . . . 26 16.
Default Interest and Indemnity. 8.1 If any sum payable by the Borrower hereunder is not paid when due in accordance with this Agreement, the Borrower shall pay interest on such overdue amount (including overdue default interest) from the date of this Agreement to the date of actual payment (both inclusive) at the rate of four (4) per cent per annum.
8.2 The Borrower shall indemnify the Lender against any actions, charges, claims, costs, damages, demands, expenses, fees, liabilities, losses and proceedings which the Lender may sustain or incur as a consequence of any default by the Borrower in the performance of any of its obligations under this Agreement.
Default Interest and Indemnity. Default Interest and Indemnity......................................50 PART 10 PAYMENTS 17. Currency of Account and Payment.....................................52 18. Payments............................................................52 19. Set-off.............................................................54 20. Sharing.............................................................54 PART 11 AGENCY PROVISIONS
Default Interest and Indemnity. 65 12.01 .............................................................................65 12.02 .............................................................................66 12.03 .............................................................................66 12.04 .............................................................................67 ARTICLE 13. SET-OFF AND REDISTRIBUTION OF PAYMENTS.........................................67 13.01 .............................................................................67 13.02 .............................................................................68 13.03 .............................................................................68 13.04 .............................................................................68 13.05 .............................................................................68
Default Interest and Indemnity. 12.01 In the event of a failure by the Borrower to pay any sum on the date on which such sum is due and payable pursuant to this Agreement and irrespective of any notice by the Agent or any other Person to the Borrower in respect of such failure, the Borrower shall pay interest on such sum, on demand, from the date of such failure up to the date of actual payment (both after and before any judgment) at the rate, increased by the sum of the Margin plus 2% (two percent), determined by the Agent to be the arithmetic mean (rounded upwards, if necessary, to the nearest four decimal places) of the rates notified to the Agent by the Reference Banks to be those at which deposits in Deutsche Mark or U.S. Dollars as the Agent may select in its xxxxretion (after consultation with the Banks) for such period as the Agent may select in its discretion (after consultation with the Banks) are so offered to each Reference Bank by prime banks in the London interbank Euro-currency market at or about 11:00 a.m. (London time) for value 2 (two) Business Days after the Business Day immediately succeeding that on which the Agent becomes aware of such failure and, so long as the failure continues, such rate shall be recalculated on the same basis thereafter, provided that:
(a) if any Reference Bank is unable or otherwise fails to furnish a quotation for the purposes of this SECTION 12.01, the interest rate shall be determined on the basis of the quotation(s) furnished by the remaining Reference Bank(s); and
(b) if for any such period, none of the Reference Banks was offered deposits in the required amount and for the required period, the rate of interest applicable thereto shall be the weighted average (having regard to the respective portions of such unpaid sum) (rounded upwards, if necessary to the nearest four decimal places) per annum of the respective rates notified to the Agent by each Reference Bank as being that which expresses as a percentage rate per annum the cost to such Reference Bank of obtaining such deposits from such sources as it may select having reasonable regard to the interests of the Borrower. Interest accruing under this SECTION 12.01 shall be due and payable at the end of each period by reference to which it is calculated.
12.02 Without prejudice to the foregoing and irrespective of any notice by the Agent or any other Person to the Borrower in respect of the Borrower's failure to make any payment when due or in respect of any other matter relating to this ...
Default Interest and Indemnity. 28.1 If any sum due and payable by or on behalf of a party hereto (the "Payer") to the other party (the "Payee") hereunder is not paid on the due date therefor in accordance with the provisions hereof or if any sum due and payable by the Payer under any judgment of any court in connection herewith is not paid on the date of such judgment (the balance of such sum for the time being unpaid being herein referred to as an "unpaid sum"), an unpaid sum shall bear interest (to the extent permitted by law) at the rate per annum which is the sum of two percent (2.0%) and the short-term prime lending rate quoted by ABN AMRO Bank N.V., Tokyo Branch from time to time for the period beginning on, and including, such due date or, as the case may be, the date of such judgment and ending on, but excluding, the date upon which the obligation of the Payer to pay such sum is discharged (calculated on a basis of a year of 360 days). Such default interest shall be payable upon demand of the Payee.
28.2 Each of the Seller and the Collection Agent shall indemnify the Representative Purchaser and each Purchaser against any loss or expense, including legal fees reasonably incurred, which the Representative Purchaser and such Purchaser may sustain or incur as a consequence of any default by the Seller or the Collection Agent (as the case may be) in the performance of any of the obligations expressed to be assumed by it in this Agreement.
