Common use of Default Interest Clause in Contracts

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements), the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such Bank.

Default Interest. If the Borrowers fail Bank fails to pay receive any sum (including, without limitation, any sum payable pursuant to this clause 3.4) whatsoever on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to Bank under this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Bank each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (a) two and a half (2.5) per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, shall be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable payable, by reason of a declaration by the Agent Bank under clause 10.2.2 10.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) 4.4, 8.2 or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Bank shall be of a duration length equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two and a half (2.5) per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two and a half (2.5) per cent (2%) per annum above the aggregate of the Margin and the cost of funds to the Bank compounded at such Bankintervals as the Bank selects.

Default Interest. If (i) Upon the Borrowers fail occurrence and during the continuance of an Event of Default under Section 6.01(a) with respect to the Company or any Designated Subsidiary, the Agent shall, and upon the occurrence and during the continuance of any other Event of Default with respect to the Company or any Designated Subsidiary, the Agent may, and upon the request of the Required Lenders shall, require such Borrower to pay interest (“Default Interest”) and (ii) upon the occurrence and during the continuance of an Event of Default under Section 6.01(a) with respect to the Co-Borrower, the Agent shall, and upon the occurrence and during the continuance of any sum (includingother Event of Default with respect to the Co-Borrower, without limitationthe Agent may, any sum payable pursuant to this clause 3.4) on its due date for payment under any and upon the request of the Security Documents Required Lenders shall, require the Co-Borrower to pay Default Interest on (other than A) the Master Swap Agreements), the Borrowers shall pay interest on such sum on demand from the due date up unpaid principal amount of each Advance made to the date of actual payment Company or any Designated Subsidiary or made to the Co-Borrower, as applicable, owing to each Lender, payable in arrears on the dates referred to in clause (as well after as before judgmenta)(i) or (a)(ii) above, at a rate determined by the Agent pursuant per annum equal at all times to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) % per annum above the aggregate rate per annum required to be paid on such Advance pursuant to clause (a)(i) or (a)(ii) above and (B) to the fullest extent permitted by law, the amount of any interest, fee or other amount payable hereunder by the Company or any Designated Subsidiary or by the Co-Borrower, as applicable, that is not paid when due, from the date such amount shall be due until such amount shall be paid in full, payable in arrears on the date such amount shall be paid in full and on demand, at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid on Base Rate Advances pursuant to clause (a)(i) above, provided, however, that following acceleration of the Margin Advances made to the Company or any Designated Subsidiary or made to the Co-Borrower, as applicable, pursuant to Section 6.01, Default Interest shall accrue and be payable hereunder whether or not previously required by the cost of funds to such BankAgent.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such periodperiods. Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent and on the day on which all amounts in respect of which interest is being paid under this Clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 4.5, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank Lender shall promptly notify the Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the arithmetic mean of the cost of funds to the Lenders compounded at such Bankintervals as the Agent selects.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap AgreementsAgreement), the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Bank pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three six (36) months as selected by the Agent Bank each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (a) two one per cent (21%) per annum, (b) the Margin Margin, (c) the Additional Cost and (cd) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that that, if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Bank under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) 8.2 or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Bank shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two one per cent (21%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two one per cent (21%) per annum above the aggregate of the Margin and the cost of funds (including Additional Cost) to such the Bank.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) the applicable one of Cost of Funds and LIBOR for such periodperiods. Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent and on the day on which all amounts in respect of which interest is being paid under this Clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 4.4, 4.5, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.13.5.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank Lender shall promptly notify the Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the arithmetic mean of the cost of funds to the Lenders compounded at such Bankintervals as the Agent selects.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall Borrower must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Lender pursuant to this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Lender each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentLender) of (a) two per cent (2%) per annum, (b) the Margin and Margin, (c) LIBOR for such periodperiods and (d) any Mandatory Cost for such periods. Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent Lender and on the day on which all amounts in respect of which interest is being paid under this clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Lender under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 4.4, 4.5, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Lender shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.13.5.1, the Agent Lender is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Lender to be two (2.0) per cent (2%) per annum above the aggregate of the Margin and the cost of funds to the Lender compounded at such Bankintervals as the Lender selects.

Default Interest. If the Borrowers fail Bank fails to pay receive any sum (including, without limitation, any sum payable pursuant to this clause 3.4) whatsoever on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall Borrower must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to Bank under this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Bank each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (a) two and a half (2.5) per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, shall be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable payable, by reason of a declaration by the Agent Bank under clause 10.2.2 10.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) 4.4, 8.2 or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Bank shall be of a duration length equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two and a half (2.5) per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two and a half (2.5) per cent (2%) per annum above the aggregate of the Margin and the cost of funds to the Bank compounded at such Bankintervals as the Bank selects.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such periodperiods. Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent and on the day on which all amounts in respect of which interest is being paid under this Clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such the relevant unpaid sum is (i) an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or (ii) a prepayment pursuant to clauses 4.3, 4.5, 8.2.1(a) or 12.1, 12.1 on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank Lender shall promptly notify the Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the arithmetic mean of the cost of funds to the Lenders compounded at such Bankintervals as the Agent selects.

Default Interest. 4.5.1 If the Borrowers fail Borrower fails to pay any sum amount (including, without limitation, any sum other than interest) payable pursuant to this clause 3.4) by it hereunder on its due date for payment under any of date, interest will accrue on the Security Documents (other than the Master Swap Agreements), the Borrowers shall pay interest on such sum on demand overdue amount from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by which is 1 per cent higher than: (a) in relation to an amount becoming due and payable before expiration of the Interest Period applicable thereto, for the period until the expiration of such Interest Period the rate applicable to such overdue amount immediately prior to the due date; and (b) in all other cases, the Interest Rate on the most recent Quotation Date for such periods as the Agent pursuant to this clause 3.4. The period beginning on may designate, provided, however, that such due date and ending on such date of payment shall be divided into successive periods of Interest Period will not more than exceed three (3) months as months. 4.5.2 If the Borrower fails to pay any interest payable by it hereunder on its due date, it will pay, at the time of payment of all arrears of interest, lump sum damages (pauschalierter Schadensersatz) on the overdue amount from the due date up to the date of actual payment at a percentage rate which is 1 per cent. higher than the interest rate which would have been payable if the overdue amount had, during the period of non-payment, constituted an Advance for successive Interest Periods, each of a duration selected by the Agent each (acting reasonably). 4.5.3 In the case of which (other than lump sum damages, the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period Borrower shall be free to prove that no damages have arisen or that damages have not arisen in the aggregate (as determined asserted amount and any Finance Party shall be entitled to prove that further damages have arisen. Any interest or lump sum accruing under this Clause 4.5 shall be immediately payable by the Borrower on demand by the Agent) . 4.5.4 The right of (a) two per cent (2%) per annum, (b) the Margin Lenders to compensation for any loss arising from the default remains unaffected. Payments made under Clause 4.5.2 will however be deducted from such compensation. 4.5.5 The Agent will promptly notify the Borrower and (c) LIBOR for such periodthe Lenders of the determination of any default interest. Such interest shall be due and payable on the last day of each such period as determined Each determination by the Agent and each such day shallwill, for in the purposes absence of this Agreementa manifest error, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due conclusive and payable by reason of a declaration by binding on the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin Borrower and the cost of funds to such BankLenders.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Bank pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Bank each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (a) two one per cent (2%) per annum, (b) the Margin and Margin, (c) LIBOR the Additional Cost and (d) the Funding Cost for such periodperiod and applicable to such sum. Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable payable, by reason of a declaration by the Agent Bank under clause 10.2.2 11.2.2 or a prepayment pursuant to clauses 4.35.3, 8.2.1(a9.2.1(a) or 12.113.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Bank shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two one per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two one per cent (2%) per annum above the aggregate of the Margin and the cost of funds (including Additional Cost) to such the Bank.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap AgreementsAgreement), the Borrowers shall Borrower must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three six (36) months as selected by the Agent each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such periodperiods. Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent and on the day on which all amounts in respect of which interest is being paid under this Clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 4.4, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank Lender shall promptly notify the Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the arithmetic mean of the cost of funds to the Lenders compounded at such Bankintervals as the Agent selects.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.43.2. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three six (36) months as selected by the Agent Agent, each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (but not in respect of sums due under the Guarantee Facility), (c) LIBOR for such periodperiod or, for any amounts denominated in euros, EURIBOR for such period and (d) the Mandatory Cost (if any) in respect of the Loan and the RC Facility. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.43.2, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated for each Bank at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin (but not in respect of sums due under the Guarantee Facility) and the cost of funds to such Bank.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) the applicable one of Cost of Funds and LIBOR for such periodperiods. Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent and on the day on which all amounts in respect of which interest is being paid under this Clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 4.5, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank Lender shall promptly notify the Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the arithmetic mean of the cost of funds to the Lenders compounded at such Bankintervals as the Agent selects.

Default Interest. (a) If the Borrowers fail Company fails to pay any sum amount payable by it under this Agreement, the overdue amount shall bear interest at the relevant Default Interest Rate, calculated in accordance with this Section. (including, without limitation, any sum payable pursuant to this clause 3.4b) on its due date for payment under any Default interest in respect of the Security Documents Loan shall (other than the Master Swap Agreements), the Borrowers shall pay interest on such sum on demand 1) accrue from day to day from the due date up to the date of actual payment (payment, after as well after as before judgment, (2) at be prorated on the basis of a rate determined by 360-day year for the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date actual number of payment shall be divided into successive periods of not more than three days in the relevant Default Interest Period, (3) months be compounded at the end of each Default Interest Period, and (4) be payable upon demand. (c) Except as selected by provided in Section 3.10(d), the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period Default Interest Rate for any overdue amount shall be the aggregate (as determined by the Agent) sum of (a1) two per cent (2%) 2 % per annum, (b2) in the case of the Guaranteed Portion of such overdue amount, the Margin for the Guaranteed Portion of the Loan and, in the case of the Unguaranteed Portion of such overdue amount, the Margin for the Unguaranteed Portion of the Loan, and (3) the Margin and (c) LIBOR rate of interest offered in the London interbank market for a deposit in Dollars of an amount comparable to the overdue amount for a period equal to the Default Interest Period for such overdue amount; provided, however, that, if the Bank determines that deposits in Dollars are not being offered in the London interbank market in such amounts or for such period. Such interest , the Default Interest Rate shall be due and payable on the last day of each such period as determined by reference to the Agent and each such day shall, for cost of funds to the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum Bank from whatever sources it selects. (d) If the overdue amount is an amount of principal which became of the Loan and has become due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating theretoDate, the first Default Interest Period with respect to such period selected by overdue amount shall end on the Agent shall be of a duration equal to the period between the due date of such principal sum and such next Interest Payment Date and interest shall be payable on such principal sum the Default Interest Rate during such period at a rate shall be the sum of two per cent (1) 2% annum, and (2%) above the rate Interest Rate applicable thereto to that amount immediately before it shall have become so due and payable. If, for became due. (e) Each determination by the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank Default Interest Period and interest on any sum not paid on its due date for payment the Default Interest Rate shall be calculated at a rate determined by final and conclusive and shall be binding upon the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such BankCompany absent manifest error.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap AgreementsAgreement), the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Bank pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three six (36) months as selected by the Agent Bank each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (a) two one per cent (21%) per annum, (b) the Margin Margin, (c) the Additional Cost and (cd) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that that, if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Bank under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) 8.2 or 12.1, on a date other than an Interest Payment Date relating thereto, the first s t such period selected by the Agent Bank shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two one per cent (21%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two one per cent (21%) per annum above the aggregate of the Margin and the cost of funds (including Additional Cost) to such the Bank.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on within two (2) Banking Days of its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such Bank.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgmentjudgement) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) 4.3 or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such BankAgent.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause Clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgmentjudgement) at a the rate determined by the Agent Lender pursuant to this clause Clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Lender each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentLender) of (ai) two per cent (2%) ), per annum, (bii) the Margin and (ciii) LIBOR for such periodLIBOR. Such interest shall be due and payable on the last day of each such period as determined by the Agent Lender and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Lender under clause 10.2.2 Clause 9.2 or a prepayment pursuant to clauses Clauses 4.2, 4.3, 8.2.1(a8.5(a) or 12.1, 12.1 and 12.2 on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Lender shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payablefell due. If, If for the reasons specified in clause 3.6.1Clause 3.6, the Agent Lender is unable to determine a rate in accordance with the foregoing provisions of this clause Clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Lender to be two per cent (2%) per annum above the aggregate of (i) the Margin and (ii) the cost Alternative Rate. Interest payable by the Borrower as aforesaid shall be compounded quarterly (or if the period fixed by the Lender is longer, at the end of funds to such Banklonger period) and shall be payable on demand.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall Borrower must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such BankBank compounded at such intervals as such Bank selects.

Default Interest. If Except as provided in Clause 7.5 in relation to sums due in respect of the Standby Facility, if the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4Clause 8.2) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4Clause 8.2. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent (after consultation with the Banks) each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (ai) two point five per cent (22.5%) per annum, (b) the Margin annum and (cii) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable payable, by reason of a declaration by the Agent under clause 10.2.2 Clause 19.2 or a prepayment pursuant to clauses 4.3Clauses 9.3, 8.2.1(a) 9.6, 9.7, 9.9 or 12.1, 21.1 on a date other than an Interest Payment a Maturity Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Maturity Date and interest shall be payable on such principal sum during such period at a rate of two point five per cent (22.5%) above the rate of LIBOR applicable thereto immediately before it shall have become so due and payable. Default interest shall be due and payable on the last day of each such period as determined by the Agent pursuant to this Clause 8.2 or, if earlier, on the date on which the sum in respect of which such default interest is accruing shall actually be paid. If, for the reasons specified in clause 3.6.1Clause 8.5(A), the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4Clause 8.2, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated for each Bank at a rate determined by the Agent to be two point five per cent (22.5%) per annum above the aggregate of the Margin and the cost of funds to such Bank. Each Bank shall (without prejudice to the obligation of the Borrowers to pay such interest) provide reasonable detail as to the basis on which it has determined such cost of funds.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap AgreementsAgreement), the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the day after the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank Lender shall promptly notify the Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such BankLender.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than except the Master Swap AgreementsAgreement), the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and Margin, (c) LIBOR for such periodperiod and (d) the Mandatory Cost (if any). Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that (i) if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.32.10, 4.4, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payablepayable and (ii) if the Agent selects under this clause 3.4 Interest Periods which are shorter than 3 months, interest under this clause shall (notwithstanding such selection) only be compounded and paid not more frequently than at 3 monthly intervals. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such BankBank (including Mandatory Cost, if any).

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall Borrower must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such periodperiods. Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent and on the day on which all amounts in respect of which interest is being paid under this Clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 4.5, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank Lender shall promptly notify the Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the arithmetic mean of the cost of funds to the Lenders compounded at such Bankintervals as the Agent selects.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4Clause 7.5) in relation to the Standby Facility on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)this Agreement, the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Standby Lender pursuant to this clause 3.4. The Clause 7.5 as follows:- (A) In the case of amounts borrowed on a call basis the rate of interest shall be the Standby Lender's current standard default rate and such interest shall be payable on demand. (B) In the case of amounts borrowed for a fixed term the period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Standby Lender each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentStandby Lender) of (ai) two per cent (2%) per annum, and (bii) the Margin and (c) LIBOR Standby Rate for such period. Such Default interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment Standby Lender pursuant to clauses 4.3this Clause 7.5 or, 8.2.1(a) or 12.1if earlier, on a the date other than an Interest Payment Date relating thereto, on which the first sum in respect of which such period selected by the Agent default interest is accruing shall actually be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payablepaid. If, for the reasons specified in clause 3.6.1Clause 8.5(A), the Agent Standby Lender is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4Clause 7.5, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Standby Lender to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such Bankthe Standby Lender.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause Clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Finance Documents, the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgmentjudgement) at a the rate determined by the Agent Lender pursuant to this clause Clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Lender each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentLender) of (ai) two per cent (2%) per annum, (bii) the Margin and (ciii) LIBOR for such periodthe Reference Rate. Such interest shall be due and payable on the last day of each such period as determined by the Agent Lender and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Lender under clause 10.2.2 Clause 9.2 (Consequences of Default – Acceleration) or a prepayment pursuant to clauses 4.3Clauses 4.2 (Voluntary Prepayment), 8.2.1(a4.3 (Compulsory Prepayment in case of Total Loss or sale of a Vessel), 8.5(a)(i), 12.1 (Unlawfulness) or 12.1, and 12.2 (Increased cost) on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Lender shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payablefell due. If, If for the reasons specified in clause 3.6.1Clause 3.6 (Market disruption), the Agent Lender is unable to determine a rate in accordance with the foregoing provisions of this clause Clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Lender to be two per cent (2%) per annum above what is or, as the aggregate of the Margin and the cost of funds to such Bankcase may be, would be payable under Clause 3.7(a).”;

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Bank pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Bank each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (a) two per cent (2%) per annum, (b) the relevant Margin (c) the Additional Cost and (cd) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became become due and payable by reason of a declaration by the Agent Bank under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) 4.4, 4.5, 8.2 or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Bank shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two per cent (2%) per annum above the aggregate of the relevant Margin and the cost of funds (including Additional Cost) to such the Bank.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall Borrower must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Payment Agent pursuant to this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Payment Agent each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Payment Agent) of (a) two per cent (2%) per annum, (b) the Applicable Margin (which shall be for the purposes of this Clause, 1.25% per annum) and (c) LIBOR for such periodperiods. Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Payment Agent and on the day on which all amounts in respect of which interest is being paid under this Clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Payment Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 4.5, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Payment Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Payment Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank Lender shall promptly notify the Payment Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Payment Agent to be two per cent (2%) per annum above the aggregate of the Applicable Margin and the arithmetic mean of the cost of funds to the Lenders compounded at such Bankintervals as the Payment Agent selects.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap AgreementsAgreement), the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such Bank.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgmentjudgement) at a rate determined by the Agent Bank pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three six (36) months as selected by the Agent Bank, each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable payable, by reason of a declaration by the Agent Bank under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) 4.3 or 12.1, on a date other than an Interest interest Payment Date relating thereto, the first such period selected by the Agent Bank shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds funds, to such the Bank.

Default Interest. (a) If the Borrowers fail an Obligor fails to pay any sum (including, without limitation, any sum amount payable pursuant to this clause 3.4) by it under a Finance Document on its due date for payment under any of date, interest shall accrue on the Security Documents (other than the Master Swap Agreements), the Borrowers shall pay interest on such sum on demand overdue amount from the due date up to the date of actual payment (as well both before and after as before judgment) at a rate determined by which, subject to paragraph (b) and (c) below, is the Agent pursuant to this clause 3.4. The sum of 2 per cent per annum and the rate which would have been payable if the overdue amount had, during the period beginning on such due date and ending on such date of payment shall be divided into non-payment, constituted a Loan in the currency of the overdue amount for successive periods Interest Periods, each of not more than three (3) months as a duration selected by the Agent each (acting reasonably). Any interest accruing under this Clause 11.3 shall be immediately payable by the Obligor on demand by the Agent. (b) If any overdue amount consists of all or part of a Loan which (other than the first, became due on a day which shall commence on such due date) shall commence on was not the last day of the preceding such period. The rate of interest applicable an Interest Period relating to each such period shall be the aggregate that Loan: (as determined by the Agent) of (a) two per cent (2%) per annum, (bi) the Margin and (c) LIBOR first Interest Period for such period. Such interest that overdue amount shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of have a duration equal to the period between unexpired portion of the current Interest Period relating to that Loan; and (ii) the rate of interest applying to the overdue amount during that first Interest Period shall be the sum of 2 per cent per annum and the rate which would have applied if the overdue amount had not become due. (c) If any overdue amount relates in any way to a Letter of Credit, interest shall accrue on the overdue amount from the due date up to the date of such principal sum actual payment (both before and such Interest Payment Date and interest shall be payable on such principal sum during such period after judgment) at a rate which, in respect of two per cent each Lender, is the sum of: (2%i) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at of each Lender's participation if the overdue amount had, during the period of non-payment, constituted a rate determined by loan denominated in the Agent to be two currency of the relevant Letter of Credit; plus (ii) 3 per cent per annum; plus (2%iii) 2 per annum above cent per annum. (d) Default interest (if unpaid) arising on an overdue amount will be compounded with the aggregate overdue amount at the end of the Margin each Interest Period applicable to that overdue amount but will remain immediately due and the cost of funds to such Bankpayable.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap AgreementsAgreement), the Borrowers shall Borrower must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Lender pursuant to this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Lender each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentLender) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such periodperiods. Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent Lender and on the day on which all amounts in respect of which interest is being paid under this clause 3.4 are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Lender under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 4.4, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Lender shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent Lender is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Lender to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to the Lender compounded at such Bankintervals as the Lender selects.

Default Interest. If the Borrowers or any of them fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than except the Master Swap AgreementsAgreement), the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three six (36) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and Margin, (c) LIBOR for such periodperiod and (d) the Mandatory Cost (if any). Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) 8.2.1 or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be ) two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such BankBank (including Mandatory Costs, if any).

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin Margin, (c) the Additional Cost and (cd) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) 4.5, 8.2 or 12.1, 12.1 provided that if such unpaid sum is an amount of principal which became due and payable on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost costs of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin Margin, the Additional Cost and the cost of funds to such Bank.

Default Interest. (a) If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum amount payable pursuant to this clause 3.4) by it under a Finance Document other than a Master Agreement on its due date for payment under any of date, interest shall accrue on the Security Documents (other than the Master Swap Agreements), the Borrowers shall pay interest on such sum on demand Unpaid Sum from the due date up to the date of actual payment (as well both before and after as before judgment) at a rate determined by which, subject to paragraph (b) below, is 2 per cent. per annum higher than the Agent pursuant to this clause 3.4. The rate which would have been payable if the Unpaid Sum had, during the period beginning on such due date and ending on such date of payment shall be divided into non-payment, constituted part of the Loan in the currency of the Unpaid Sum for successive periods Interest Periods, each of not more than three (3) months as a duration selected by the Agent each (acting reasonably). Any interest accruing under this Clause 8.3 (Default interest) shall be immediately payable by the Borrower on demand by the Agent. (b) Without prejudice to the rights of which the Finance Parties under Clause 22.2 (Acceleration), if the Agent (acting on the instructions of the Majority Lenders) gives written notice to the Borrower of the occurrence of an Event of Default (other than the first, which shall commence on such due datean Event of Default referred to in Clause 22.1(a) shall commence on the last day of the preceding such period. The rate (Non-payment)) and demands payment of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, under this paragraph (b) of Clause 8.3 (Default interest), interest shall accrue on the Margin and amount of the Loan from the date of such notice up to the date on which the Agent (acting on the instructions of the Majority Lenders) gives notice to the Borrower that such Event of Default is no longer continuing. Interest shall accrue at a rate which is 2 per cent per annum higher than the applicable rate for each part of the Loan. (c) LIBOR for such period. Such Default interest shall (if unpaid) arising on an Unpaid Sum or, in the case of paragraph (b), the Loan will be due and payable on compounded with the last day Unpaid Sum or, as the case may be, the Loan at the end of each such period Interest Period applicable to that Unpaid Sum or, as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating theretocase may be, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto Loan but will remain immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such Bank.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause Clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgmentjudgement) at a the rate determined by the Agent Bank pursuant to this clause Clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three six (36) months as selected by the Agent Bank each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (ai) two and a half per cent (22.5%) ), per annum, (bii) the Margin and (ciii) LIBOR for such periodthe LIBOR. Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date. In case that a payment is made in default for any amount, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration the Interest Periods will be determined by the Agent under clause 10.2.2 or a prepayment Bank at its discretion including the amounts for which there is no default, even if the Bank has not (yet) exercised its rights pursuant to clauses 4.3, 8.2.1(aClause 9.9(b) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payablethis Agreement. If, If for the reasons specified in clause 3.6.1Clause 3.6, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause Clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two and a half per cent (22.5%) per annum above the aggregate of the Margin and the cost costs of funds to the Bank as conclusively determined by the Bank save for manifest error. Interest payable by the Borrower as aforesaid shall be compounded semi-annually (or if the period fixed by the Bank is longer, at the end of such Banklonger period) and shall be payable on demand.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap AgreementsAgreement), the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgmentjudgement) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such BankAgent.

Default Interest. 7.1 If the Borrowers fail Borrower fails to pay any sum amount (including, referred to herein as an "UNPAID AMOUNT") in accordance with the provisions of this Agreement and without limitation, any sum payable prejudice to the other rights and remedies conferred upon the Lender pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Agreement, the Borrowers Borrower shall pay interest in dollars on such sum on demand unpaid amount from the due date time of default up to the date time of actual payment (as well after as before judgment) at a the rate determined by per annum which is two point five per cent. (2.5%) over and above the Agent pursuant to this clause 3.4. The period beginning on such due date Margin and ending on such date LIBOR relating thereto Provided that: (i) if, in respect of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding any such period. The , LIBOR cannot be determined, then the rate of interest applicable to each such period unpaid amount shall be the aggregate two point five per cent. (as determined by the Agent) of (a) two per cent (22.5 %) per annum, (b) over and above the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the rate notified by the Lender to the Borrower before the last day of each such period to be that which expresses as a percentage rate per annum the cost to the Lender of funding determined by from whatever source or sources the Agent and each Lender may select such day shall, unpaid amount for the purposes of this Agreement, be treated as an Interest Payment Date, provided that such period; and (ii) if such unpaid sum amount is all or part of an amount of principal Advance which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date day other than an Interest Payment Date relating thereto, then the first such period selected by the Agent applicable thereto shall be of a duration equal to the period between the due date unexpired portion of such principal sum Interest Period and such Interest Payment Date and the rate of interest applicable thereto shall be that which exceeds by two point five per cent. (2.5%) the rate applicable to it immediately before it fell due. 7.2 Any interest which shall have accrued on any unpaid amount shall be due and payable and shall be paid by the Borrower at the end of the period by reference to which it is calculated or on such principal sum during such other date as the Lender may specify by notice to the Borrower. Interest payable under this Clause shall accrue daily (on the basis of a year of three hundred and sixty (360 days) from and including the first day to the last day of each period at for which a rate of two per cent interest is to be determined as aforesaid. 7.3 Any unpaid amount shall (2%for the purposes of this Clause 7 and Clause 21) above be treated as an advance and accordingly in this Clause 7 and in Clause 21, the rate applicable thereto immediately before expressions "ADVANCE" and "ADVANCE" include any unpaid amount. 7.4 If any payment to be made by the Borrower under this Clause would otherwise be due on a day which is not a Banking Day, it shall have become so be due and payable. If, for on the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such Banknext succeeding Banking Day.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Bank pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three six (36) months as selected by the Agent Bank each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that that, if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Bank under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) 8.2 or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Bank shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such the Bank.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4Clause 7.5) in relation to the Standby Facility on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)this Agreement, the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Standby Lender pursuant to this clause 3.4. The Clause 7.5 as follows:- (A) In the case of amounts borrowed on a call basis the rate of interest shall be the Standby Lender's current standard default rate and such interest shall be payable on demand. (B) In the case of amounts borrowed for a fixed term the period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Standby Lender each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentStandby Lender) of (ai) two per cent (2%) per annum, and (bii) the Margin and (c) LIBOR Standby Rate for such period. Such Default interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment Standby Lender pursuant to clauses 4.3this Clause 7.5 or, 8.2.1(a) or 12.1if earlier, on a the date other than an Interest Payment Date relating thereto, on which the first sum in respect of which such period selected by the Agent default interest is accruing shall actually be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payablepaid. If, for the reasons specified in clause 3.6.1Clause 8.5(A), the Agent Standby Lender is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4Clause 7.5, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Standby Lender to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such Bankthe Standby Lender.

Default Interest. (a) If the Borrowers fail an Obligor fails to pay when due any sum amount payable by it under this Agreement: (including, without limitation, any sum payable pursuant i) it shall forthwith on demand by the Facility Agent from time to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements), the Borrowers shall time pay interest on such sum on demand the overdue amount from the due date up to the date of actual payment (payment, as well after as before judgment) judgement, at a rate determined by the Facility Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three the higher of: (3A) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an overdue amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between Clause 10.1 immediately before the due date (if of principal) or the rate of interest under Clause 10.1 on the principal amount in respect of which such overdue amount has accrued due (if of interest); and (B) the rate of interest which would have been payable if the overdue amount had, during the period of non-payment, constituted a Tranche D Advance, in each case for successive Interest Periods of such principal sum duration as the Facility Agent may determine having regard to its estimate of the likely duration of the default (each a "Designated Period"); and (ii) the applicable Margin relating to any outstanding Utilisations and to such Interest Payment Date and interest overdue amount shall be payable on such principal sum during such period at a rate of two increased by one per cent cent. (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (21.0%) per annum above the aggregate rate which would otherwise apply under Clause 10.1 (the interest rate applicable to such overdue amount being the "Default Rate") until all such overdue amounts have been repaid in full. (b) The Default Rate will be determined on each Business Day or on the date two Business Days prior to the commencement of or on the first day of the Margin relevant Designated Period, as the Facility Agent shall determine, and interest will be compounded at the cost end of funds each Designated Period if not paid. (c) If the Facility Agent determines that Clause 14 would apply if the overdue amount were an Advance during the Designated Period, the rate to such Bankbe used pursuant to sub-paragraph (a)(i)(B) above will be determined in accordance with Clause 14.

Default Interest. (a) If the Borrowers fail a Borrower fails to pay any sum amount payable by it under this Agreement when due (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreementsan “Overdue Amount”), it shall forthwith on demand by the Borrowers shall Agent or, as the case may be, the U.S. Swingline Agent, pay interest on such sum on demand the Overdue Amount from the due date up to the date of actual payment (as well payment, both before and after as before judgment) , at a rate (the “Default Rate”) determined by the Agent pursuant or, as the case may be, the U.S. Swingline Agent to this clause 3.4be one per cent. The period beginning per annum (the “Default Margin”) above the higher of: (i) the rate on such the Overdue Amount under Clause 8.1 (Interest rate for all Advances) immediately before the due date and ending on (in the case of principal); and (ii) the rate which would have been payable under Clause 8.1 (Interest rate for all Advances) if the Overdue Amount had, during the period of non-payment, constituted a Revolving Credit Advance in the currency of the Overdue Amount for such date successive Terms of payment shall be divided into successive periods of not more than three (3) months such duration as selected by the Agent may determine (each of which a “Designated Term”), except that during any grace period specified in Clause 18.2 (other than Non-payment) the first, which shall commence on such due date) shall commence on the last day Default Margin portion of the preceding such period. The rate Default Rate will only apply to overdue payments of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, principal. (b) The Default Rate will be determined on each Business Day or the Margin and first day of, or two Business Days before the first day of, the relevant Designated Term, as appropriate. (c) LIBOR for such period. Such interest shall If the Agent or, as the case may be, the U.S. Swingline Agent, determines that deposits in the currency of the Overdue Amount are not at the relevant time being made available by the Reference Banks to leading banks in the relevant interbank market, the Default Rate will be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant reference to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to or, as the case may be, the U.S. Swingline Agent, from whatever sources it selects, acting reasonably at all times, after consultation with the Reference Banks. (d) Default interest will be two per cent compounded at the end of each Designated Term. (2%e) per annum above the aggregate The Agent shall notify Vodafone of the Margin and the cost duration of funds to such Bankeach Designated Term.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Bank pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Bank each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (a) two per cent (2%) per annum, (b) the relevant Margin (c) the Additional Cost and (cd) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became become due and payable by reason of a declaration by the Agent Bank under clause 10.2.2 or a prepayment pursuant to clauses 4.2, 4.3, 8.2.1(a) 4.4, 8.2 or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Bank shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two per cent (2%) per annum above the aggregate of the relevant Margin and the cost of funds (including Additional Cost) to such the Bank.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on within two (2) Banking Days from its due date for payment under any of the Security Documents (other than the a Master Swap AgreementsAgreement), the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and Margin, (c) LIBOR for such periodperiod and (d) the Mandatory Cost. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 3.6.2, 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such Bank.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall Borrower must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin (which shall be for the purposes of this Clause, 1.25% per annum) and (c) the applicable one of Cost of Funds and LIBOR for such periodperiods. Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent and on the day on which all amounts in respect of which interest is being paid under this Clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 4.5, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank Lender shall promptly notify the Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the arithmetic mean of the cost of funds to the Lenders compounded at such Bankintervals as the Agent selects.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgmentjudgement) at a rate determined by the Agent Bank pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three six (36) months as selected by the Agent Bank each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Bank under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a8.3.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Bank shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such the Bank.

Default Interest. If the Borrowers or either of them fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than except the Master Swap AgreementsAgreement), the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three six (36) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and Margin, (c) LIBOR for such periodperiod and (d) the Mandatory Cost (if any). Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) 8.2.1 or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of ) two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be ) two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such BankBank (including Mandatory Costs, if any).

Default Interest. 8.4.1 If the Borrowers fail a Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.48.4.2) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Finance Documents, the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Facility Agent pursuant to this clause 3.48.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Facility Agent, each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. . 8.4.2 The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two one point five per cent (21.5%) per annum, (b) the Margin and Margin, (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Facility Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Facility Agent under clause 10.2.2 15.2.2 or a prepayment pursuant to clauses 4.39.3 (Mandatory Cancellation or Prepayment - total loss or disposal/sale), 8.2.1(a13.2.1(a)(Security shortfall) or 12.117.1 (Unlawfulness), on a date other than an Interest Payment Date relating thereto, the first such period selected by the Facility Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two one point five per cent (21.5%) above the rate applicable thereto immediately before it shall have become so due and payable. . 8.4.3 If, for the reasons specified in clause 3.6.18.7.1, the Facility Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.48.4, each Bank Lender shall promptly notify the Facility Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated for each Lender at a rate determined by the Facility Agent to be two one point five per cent (21.5%) per annum above the aggregate of the Margin and the cost of funds to such BankLender.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Bank pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three six (36) months as selected by the Agent Bank each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that that, if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Bank under clause 10.2.2 10,2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) 8.2 or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Bank shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such the Bank.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.43.3) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall Borrower must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Lender pursuant to this clause 3.43.3. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Lender each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentLender) of (a) two per cent (2%) per annum, (b) the Margin and Margin, (c) LIBOR the Reference Rate and (d) the Credit Adjustment Spread for such periodperiods. Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent Lender and on the day on which all amounts in respect of which interest is being paid under this clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Lender under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 4.4, 8.2.1(a) or 12.1, on a date day other than an Interest Payment Date relating thereto, the first such period selected by the Agent Lender shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.13.4.1, the Agent Lender is unable to determine a rate in accordance with the foregoing provisions of this clause 3.43.3, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Lender to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to the Lender compounded at such Bankintervals as the Lender selects.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Administrative Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Administrative Agent (after consultation with the Banks) each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) Administrative Agent of (a) two per cent (2%) per annum, (b) Margin, (c) the Margin Additional Cost and (cd) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable payable, by reason of a declaration by the Administrative Agent under clause 10.2.2 10.2(a) or a prepayment pursuant to clauses 4.3, 8.2.1(a) 4.6, 4.7 or 12.1, 12.1 on a date other than an Interest Payment a Repayment Date relating thereto, the first such period selected by the Administrative Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Repayment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) per annum above the aggregate of the Margin, the Additional Cost and the rate of LIBOR applicable thereto immediately before it shall have become so due and payable. Default interest shall be due and payable on the last day of each such period as determined by the Administrative Agent pursuant to this clause 3.4 or, if earlier, on the date on which the sum in respect of which such default interest is accruing shall actually be paid. If, for the reasons specified in clause 3.6.1, 3.7 (a) the Administrative Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Administrative Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated for each Bank at a rate determined by the Administrative Agent to be two per cent (2%) per annum above the aggregate of the Margin Margin, the Additional Cost and the cost of funds to such Bank. Each Bank shall (without prejudice to the obligation of the Borrower to pay such interest) provide reasonable detail as to the basis on which it has determined such cost of funds.

Default Interest. If In case of failure of the Borrowers fail Borrower to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4Clause 3.04) on its due date for payment under any of the Security Documents (other than the Master Swap AgreementsAgreement), „ the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a the rate determined by the Agent Bank pursuant to this clause 3.4Clause 3.04. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Bank each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (a) two i)two point fifty per cent (22.50%) or any other higher percentage which may from time to time be permitted by the applicable legislation per annum, (b) the Margin ii)the Margin, (iii)LIBOR and (c) LIBOR for such periodiv)the Associated Costs (if any). Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date. In case that a payment is made in default for any amount, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration the Interest Periods will be determined by the Agent under clause 10.2.2 or a prepayment Bank at its discretion including the amounts for which there is no default, even if the Bank has not (yet) exercised its rights pursuant to clauses 4.3, 8.2.1(aClause 9.08(b) or 12.1, on a date other than an Interest Payment Date relating thereto, of the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payableAgreement. If, If for the reasons specified in clause 3.6.1Clause 3.06, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4Clause 3.04, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two point fifty per cent (22.50%) per annum above the aggregate of the Margin and the cost costs of funds including the Associated Costs (if any) to such Bankthe Bank as conclusively determined by the Bank save for manifest error. Any interest which is not paid on the Interest Payment Date shall be compounded on a semiannual basis.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap AgreementsAgreement), the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgmentjudgement) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin three point seven five per cent (3.75%) per annum and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in in clause 3.6.1, 3.6.1 the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin three point seven five per cent (3.75%) and the cost of funds to such BankAgent.

Default Interest. 9.1 If the Borrowers fail any Obligor fails to pay any sum (including, without limitation, any sum amount payable pursuant to by it under this clause 3.4) Agreement on its due date for payment under any of the Security Documents (other than the Master Swap Agreements), the Borrowers shall pay interest on such sum on demand from the due date up (the unpaid balance being an "Overdue Amount"), that Obligor shall pay default interest on the Overdue Amount from (and including) the due date to (but excluding) the date such Overdue Amount is repaid in full, both before and after judgment. 9.2 Default interest shall be payable: 9.2.1 on an Overdue Amount (that is not all or part of actual payment (as well after as before judgmenta Dollar Swing-Line Advance) at a rate, per annum, equal to one per cent. plus the Margin and, LIBOR and, in respect of any Overdue Amount denominated in Sterling, the Mandatory Liquid Asset Costs applicable to that Overdue Amount; and 9.2.2 if such Overdue Amount is all or part of a Dollar Swing-Line Advance or any interest which shall have accrued under this Agreement in relation thereto, then such Overdue Amount shall bear interest at the rate determined by per annum which is the Agent pursuant to this clause 3.4sum of one per cent. and the Dollar Swing-Line Rate. 9.3 The period beginning on such due date and ending on such date of payment during which an Overdue Amount is outstanding shall be divided into successive periods of not more than three (3) months as selected by the Agent each a "Default Interest Period"), each of which (other than apart from the first, which shall commence on such due date) shall commence start on the last day of the preceding such periodDefault Interest Period. The rate duration of interest applicable to each such period Default Interest Period shall (save as provided at paragraph (d) below) be the aggregate (as determined selected by the Agent) Facility Agent having regard, where possible, to the likely date that the relevant Overdue Amount will be repaid in full. 9.4 If any Overdue Amount corresponds to the principal amount payable in respect of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Advance which has become repayable prior to its Repayment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period Default Interest Period which shall be selected by the Facility Agent shall be of a duration equal to the period between unexpired portion of the due date Term of such principal sum and Advance. The rate of the default interest payable in respect of such Overdue Amount during that unexpired period shall be one per cent. (1%) over the rate which would have been applicable to such Advance had it not so fallen due. -------------------------------------------------------------------------------- 35 9.5 If less than two of the Reference Banks are offering deposits in the currency in which an Overdue Amount (that is not all or part of a Dollar Swing-Line Advance) is denominated, the rate of default interest in respect of such Overdue Amount shall be equal to one per cent. (1%), the Margin, the cost to each of the Reference Banks (expressed as a percentage rate per annum) of funding that Overdue Amount for the applicable Default Interest Payment Date and Period and, in respect of any Overdue Amount denominated in Sterling, the Mandatory Liquid Asset Costs applicable to that Overdue Amount. 9.6 Any interest which shall have accrued under this clause 9 (Default Interest) in respect of an Overdue Amount shall be payable on such principal sum during such period demand and, if not paid, compounded at a rate the end of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such Bankthen current Default Interest Period.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Payment Agent pursuant to this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Payment Agent each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Payment Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such periodperiods. Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Payment Agent and on the day on which all amounts in respect of which interest is being paid under this Clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Payment Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 4.5, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Payment Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on 15 Table of Contents such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Payment Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank Lender shall promptly notify the Payment Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Payment Agent to be two per cent (2%) per annum above the aggregate of the Margin and the arithmetic mean of the cost of funds to the Lenders compounded at such Bankintervals as the Payment Agent selects.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause Clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgmentjudgement) at a the rate determined by the Agent Bank pursuant to this clause Clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as a duration to be selected by the Agent Bank each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (ai) two and a half per cent (22.50%) ), per annum, (bii) the Margin and (ciii) LIBOR for such periodLIBOR. Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided provided, that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Bank under clause 10.2.2 Clause 9.2 or a prepayment pursuant to clauses Clauses 4.2, 4.3, 8.2.1(a8.10(a) or 12.1, and 12.1 on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Bank shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two and a half per cent (22.50%) above the rate applicable thereto immediately before it shall have become so due and payablefell due. If, If for the reasons specified in clause 3.6.1Clause 3.6, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause Clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two and a half per cent (22.50%) per annum above the aggregate of the relevant Margin and the cost costs of funds to such Bankthe Bank as conclusively determined by the Bank save for manifest error. Interest payable by the Borrowers as aforesaid shall be compounded semi-annually and shall be payable on demand.

Default Interest. 3.4.1 If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Lender pursuant to this clause 3.4. . 3.4.2 The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Lender each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. . 3.4.3 The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentLender) of (a) two per cent (2%) per annum, (b) the Margin and Margin, (c) LIBOR the Reference Rate for such period. periods and (d) the applicable Credit Adjustment Spread. 3.4.4 Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent Lender and on the day on which all amounts in respect of which interest is being paid under this clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Lender under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 4.4, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Lender shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. . 3.4.5 If, for the reasons specified in clause 3.6.13.5.1, the Agent Lender is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Lender to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to the Lender compounded at such Bankintervals as the Lender selects.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin Margin, and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.34.2, 4.4, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such Bank.

Default Interest. 7.4.1 If the Borrowers fail a Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.47.4.2) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Finance Documents, the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Facility Agent pursuant to this clause 3.47.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Facility Agent, each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. . 7.4.2 The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and Margin, (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Facility Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Facility Agent under clause 10.2.2 15.2.2 or a prepayment pursuant to clauses 4.38.3 (Mandatory Cancellation or Prepayment - total loss or disposal/sale), 8.2.1(a8.4 (Change of control), 12.2.1(a)(Security shortfall) or 12.117.1 (Unlawfulness), on a date other than an Interest Payment Date relating thereto, the first such period selected by the Facility Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. . 7.4.3 If, for the reasons specified in clause 3.6.17.7.1, the Facility Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.47.4, each Bank Lender shall promptly notify the Facility Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated for each Lender at a rate determined by the Facility Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such BankLender.

Default Interest. (a) If the Borrowers fail a Borrower fails to pay any sum amount payable by it under this Agreement when due (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreementsan "overdue amount"), it shall forthwith on demand by the Borrowers shall Agent or, as the case may be, the U.S. Swingline Agent, pay interest on such sum on demand the overdue amount from the due date up to the date of actual payment (as well payment, both before and after as before judgment) , at a rate (the "default rate") determined by the Agent pursuant or, as the case may be, the U.S. Swingline Agent to this clause 3.4be one per cent. The period beginning per annum (the "Default Margin") above the higher of: (i) the rate on such the overdue amount under Clause 8.2 (Interest rate for all Advances) immediately before the due date and ending on (in the case of principal); and (ii) the rate which would have been payable under Clause 8.2 (Interest rate for all Advances) if the overdue amount had, during the period of non-payment, constituted a Revolving Credit Advance in the currency of the overdue amount for such date successive Interest Periods or Terms of payment shall be divided into successive periods of not more than three (3) months such duration as selected by the Agent may determine (each of which a "Designated Term"), except that during any grace period specified in Clause 18.2 (other than Non-payment) the first, which shall commence on such due date) shall commence on the last day Default Margin portion of the preceding such period. The default rate will only apply to overdue payments of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, principal. (b) The default rate will be determined on each Business Day or the Margin and first day of, or two Business Days before the first day of, the relevant Designated Term, as appropriate. (c) LIBOR for such period. Such interest shall If the Agent or, as the case may be, the U.S. Swingline Agent, determines that deposits in the currency of the overdue amount are not at the relevant time being made available by the Reference Banks to leading banks in the relevant interbank market, the default rate will be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant reference to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to or, as the case may be, the U.S. Swingline Agent, from whatever sources it selects, acting reasonably at all times, after consultation with the Reference Banks. (d) Default interest will be two per cent compounded at the end of each Designated Term. (2%e) per annum above the aggregate The Agent shall notify Vodafone of the Margin and the cost duration of funds to such Bankeach Designated Term.

Default Interest. If the Borrowers or either of them fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than except the Master Swap AgreementsAgreement), the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and Margin, (c) LIBOR for such periodperiod and (d) the Mandatory Cost (if any). Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3., 8.2.1(a) 8.2.1 or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such BankBank (including Mandatory Cost, if any).

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap AgreementsAgreement), the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and Margin, (c) LIBOR for such periodperiod and (d) the Mandatory Cost. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shalland, where the context so requires, for the purposes of this Agreement, Agreement each such period shall be treated as an Interest Period and each such day shall be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 4.4, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such BankBank (including Mandatory Cost, if any).

Default Interest. 5.10.1 If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.45.10) on its due date for payment under any of the Security Documents (this Agreement other than in respect of Facility C the Master Swap Agreements), the Borrowers shall Borrower agrees to pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.45.10. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent (after consultation with the relevant Lenders) each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two one per cent (2%) cent. per annum, (b) the Margin and determined pursuant to clause 5.2, if the unpaid sum is, in respect of Facility A, or clause 5.3, if the unpaid sum is in respect of Facility B, or clause 5.4 if the unpaid sum is in respect of Facility D, (c) LIBOR for such period. Such interest shall be due the Mandatory Cost and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date(d) LIBOR, provided that that: (a) if such unpaid sum is all or part of an amount of principal Advance which became shall have become due and payable by reason prior to the last day of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an then current Interest Payment Date Period relating thereto, the first such period selected by the Agent shall be of a duration equal to end on the period between the due date last day of such principal sum and such Interest Payment Date Period and interest shall be payable on such principal unpaid sum during such period at a rate of two one per cent (2%) cent. above the rate applicable thereto immediately before it shall have become so due and payable. Ifbecame due; and (b) if, for the reasons specified in clause 3.6.15.12.1(a) or 5.12.1(b), the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.45.10, each Bank relevant Lender shall promptly notify the Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated for each relevant Lender at a rate determined by the Agent to be two one per cent (2%) cent. per annum above the aggregate of the Margin determined pursuant to clause 5.2, if the unpaid sum is in respect of Facility A, or clause 5.3 if the unpaid sum is in respect of Facility B or clause 5.4 if the unpaid sum is in respect of Facility D, and the cost of funds (including Mandatory Cost) to such BankLender. 5.10.2 Default interest under this clause 5.10 shall be due and payable on the last day of each period determined by the Agent pursuant to this clause 5.10 or, if earlier, on the date on which the sum in respect of which such default interest is accruing shall actually be paid.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall Borrower must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin (which shall be for the purposes of this Clause, 1.25% per annum) and (c) LIBOR for such periodperiods. Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent and on the day on which all amounts in respect of which interest is being paid under this Clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 4.5, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank Lender shall promptly notify the Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the arithmetic mean of the cost of funds to the Lenders compounded at such Bankintervals as the Agent selects.

Default Interest. If (i) Upon the Borrowers fail occurrence and during the continuance of an Event of Default under Section 6.01(a) with respect to the Company or any Designated Subsidiary, the Agent shall, and upon the occurrence and during the continuance of any other Event of Default with respect to the Company or any Designated Subsidiary, the Agent may, and upon the request of the Required Lenders shall, require such Borrower to pay interest ("Default Interest") and (ii) upon the occurrence and during the continuance of an Event of Default under Section 6.01(a) with respect to the Co-Borrower, the Agent shall, and upon the occurrence and during the continuance of any sum (includingother Event of Default with respect to the Co-Borrower, without limitationthe Agent may, any sum payable pursuant to this clause 3.4) on its due date for payment under any and upon the request of the Security Documents Required Lenders shall, require the Co-Borrower to pay Default Interest on (other than A) the Master Swap Agreements), the Borrowers shall pay interest on such sum on demand from the due date up unpaid principal amount of each Advance made to the date of actual payment Company or any Designated Subsidiary or made to the Co-Borrower, as applicable, owing to each Lender, payable in arrears on the dates referred to in clause (as well after as before judgmenta)(i) or (a)(ii) above, at a rate determined by the Agent pursuant per annum equal at all times to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) % per annum above the aggregate rate per annum required to be paid on such Advance pursuant to clause (a)(i) or (a)(ii) above and (B) to the fullest extent permitted by law, the amount of any interest, fee or other amount payable hereunder by the Company or any Designated Subsidiary or by the Co-Borrower, as applicable, that is not paid when due, from the date such amount shall be due until such amount shall be paid in full, payable in arrears on the date such amount shall be paid in full and on demand, at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid on Base Rate Advances pursuant to clause (a)(i) above, provided, however, that following acceleration of the Margin Advances made to the Company or any Designated Subsidiary or made to the Co-Borrower, as applicable, pursuant to Section 6.01, Default Interest shall accrue and be payable hereunder whether or not previously required by the cost of funds to such BankAgent.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and Margin, (c) LIBOR for such periodperiod and (d) the Mandatory Cost Rate, if any. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 10.2.1(b) or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank Lender shall promptly notify the Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and Margin, the cost of funds to such Lender and the Mandatory Cost Rate, if any. Interest payable by the Borrower as aforesaid shall be compounded quarterly (or if the period fixed by the Agent is longer, at the end of such longer period) and shall be payable on demand. For the avoidance of doubt, this clause 3.4 does not apply: (a) in case the failure to effect a payment under this Agreement or any of the other Security Documents is solely due to technical problems within the relevant Creditor’s payment system which is beyond the control of the Borrower or the relevant Security Party; and (b) to any amount payable under a Master Agreement in respect of any continuing Transaction as to which section 2(e) (Default Interest; Other Amounts) of that Master Agreement shall apply or, in the case of the Master Agreement with DSB as Swap Bank, clause 3(4) of that Master Agreement, shall apply.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.43.3) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgmentjudgement) at a rate determined by the Facility Agent pursuant to this clause 3.43.3. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Facility Agent (after consultation with the Lenders so far as reasonably practicable in the circumstances) each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each unpaid sum and for each such period shall be the aggregate (as determined by the Facility Agent) of of, as regards any such unpaid amount owing to the Commercial Lenders, the Facility Agent or the Arranger (a) two per cent cent. (2%) per annum, (b) the Commercial Tranche Margin and (c) LIBOR for and as regards any such periodunpaid amount owing to KEXIM, (x) two per cent. Such interest shall be due (2%) per annum and payable on (z) the last day of each such period as determined by applicable KEXIM Rate. If the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became shall have become due and payable payable, by reason of a declaration by the Facility Agent under clause 10.2.2 or a prepayment obligation arising pursuant to clauses 4.3, 8.2.1(a) 8.2 or 12.1, on a date other than an prior to the next succeeding Interest Payment Date relating thereto, the first such period selected by the Facility Agent shall be of a duration equal to the period between the due date of such principal sum and end on such Interest Payment Date and interest shall be payable on such principal unpaid sum during such period at a rate of two per cent cent. (2%) above the rate applicable thereto immediately before it shall have become so due and payable. Interest under this clause 3.3 shall be due and payable on the last day of each period determined by the Facility Agent pursuant to this clause 3.3 or, if earlier, on the date on which the sum in respect of which such interest is accruing shall actually be paid. If, for the reasons specified in clause 3.6.1, 3.5.1 the Facility Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.43.3, each Bank Lender shall promptly notify the Facility Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated for each Lender at a rate determined by the Facility Agent to be two per cent cent. (2%) per annum above above, in the case of a Commercial Lender, the aggregate of the Commercial Tranche Margin and the cost of funds to such BankCommercial Lender or, in the case of KEXIM, the KEXIM Rate.

Default Interest. (a) If the Borrowers fail a Borrower fails to pay any sum amount payable by it under this Agreement when due (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreementsan "OVERDUE AMOUNT"), it shall forthwith on demand by the Borrowers shall Agent or, as the case may be, the U.S. Swingline Agent pay interest on such sum on demand the overdue amount from the due date up to the date of actual payment (as well payment, both before and after as before judgment) , at a rate (the "DEFAULT RATE") determined by the Agent pursuant or, as the case may be, the U.S. Swingline Agent to this clause 3.4be one per cent. The period beginning per annum (the "DEFAULT MARGIN") above the higher of: (i) the rate on such the overdue amount under Clause 8.2 (Interest rate for all Advances) immediately before the due date and ending on (in the case of principal); and (ii) the rate which would have been payable if the overdue amount had, during the period of non-payment, constituted a Tranche C Advance at the Margin applicable to a new Tranche C Advance if it had been drawn down at such date time in the currency of payment shall be divided into the overdue amount for such successive periods Interest Periods or Terms of not more than three (3) months such duration as selected by the Agent may determine (each of which a "DESIGNATED TERM"), except that during any grace period specified in Clause 18.2 (other than Non-payment) the first, which shall commence on such due date) shall commence on the last day Default Margin portion of the preceding such period. The default rate will only apply to overdue payments of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, principal. (b) The default rate will be determined on each Business Day or the Margin and first day of, or two Business Days before the first day of, the relevant Designated Term, as appropriate. (c) LIBOR for such period. Such interest shall If the Agent or, as the case may be, the U.S. Swingline Agent determines that deposits in the currency of the overdue amount are not at the relevant time being made available by the Reference Banks to leading banks in the London interbank market, the default rate will be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant reference to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to or, as the case may be, the U.S. Swingline Agent from whatever sources it selects, acting reasonably at all times, after consultation with the Reference Banks. (d) Default interest will be two per cent compounded at the end of each Designated Term. (2%e) per annum above The Agent shall notify the aggregate Borrowers' Agent of the Margin and the cost duration of funds to such Bankeach Designated Term.

Default Interest. 6.9.1 If the Borrowers fail relevant Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.46.9) on its due date for payment under any of the Security Documents (this Agreement other than the Master Swap Agreements), the Borrowers shall in respect of Facility C such Borrower agrees to pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.46.9. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent (after consultation with the relevant Lenders) each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two one per cent (2%) cent. per annum, (b) the Margin and determined pursuant to clause 6.2, if the unpaid sum is other than in respect of Facility D, or clause 6.3, if the unpaid sum is in respect of Facility D, (c) LIBOR for such period. Such interest shall be due the Additional Cost and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date(d) LIBOR, provided that that: (a) if such unpaid sum is all or part of an amount of principal Advance which became shall have become due and payable by reason prior to the last day of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an then current Interest Payment Date Period relating thereto, the first such period selected by the Agent shall be of a duration equal to end on the period between the due date last day of such principal sum and such Interest Payment Date Period and interest shall be payable on such principal unpaid sum during such period at a rate of two one per cent (2%) cent. above the rate applicable thereto immediately before it shall have become so due and payable. Ifbecame due; and (b) if, for the reasons specified in clause 3.6.16.11.1 (a) or 6.11.1(b), the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.46.9, each Bank relevant Lender shall promptly notify the Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated for each relevant Lender at a rate determined by the Agent to be two one per cent (2%) cent. per annum above the aggregate of the Margin determined pursuant to clause 6.2, if the unpaid sum is other than in respect of Facility D, or clause 6.3 if the unpaid sum is in respect of Facility D and the cost of funds (including Additional Cost) to such BankLender. 6.9.2 Default interest under this clause 6.9 shall be due and payable on the last day of each period determined by the Agent pursuant to this clause 6.9 or, if earlier, on the date on which the sum in respect of which such default interest is accruing shall actually be paid.

Default Interest. If In case of failure of the Borrowers fail Borrower to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4Clause 3.04) on its due date for payment under any of the Security Documents (other than the Master Swap AgreementsAgreement), the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a the rate determined by the Agent Bank pursuant to this clause 3.4Clause 3.04. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Bank each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (a) two i)two point fifty per cent (22.50%) or any other higher percentage which may from time to time be permitted by the applicable legislation per annum, (b) the Margin ii)the Margin, (iii)LIBOR and (c) LIBOR for such periodiv)the Associated Costs (if any). Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date. In case that a payment is made in default for any amount, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration the Interest Periods will be determined by the Agent under clause 10.2.2 or a prepayment Bank at its discretion including the amounts for which there is no default, even if the Bank has not (yet) exercised its rights pursuant to clauses 4.3, 8.2.1(aClause 9.08(b) or 12.1, on a date other than an Interest Payment Date relating thereto, of the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payableAgreement. If, If for the reasons specified in clause 3.6.1Clause 3.06, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4Clause 3.04, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two point fifty per cent (22.50%) per annum above the aggregate of the Margin and the cost costs of funds including the Associated Costs (if any) to such Bankthe Bank as conclusively determined by the Bank save for manifest error. Any interest which is not paid on the Interest Payment Date shall be compounded on a semiannual basis.

Default Interest. (a) If the Borrowers fail a Borrower fails to pay any sum amount payable by it under this Agreement when due (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreementsan “Overdue Amount”), it shall forthwith on demand by the Borrowers shall Agent or, as the case may be, the U.S. Swingline Agent, pay interest on such sum on demand the Overdue Amount from the due date up to the date of actual payment (as well payment, both before and after as before judgment) , at a rate (the “Default Rate”) determined by the Agent pursuant or, as the case may be, the U.S. Swingline Agent to this clause 3.4be one per cent. The period beginning per annum (the “Default Margin”) above the higher of: (i) the rate on such the Overdue Amount under Clause 9.1 (Interest rate for all Advances) immediately before the due date and ending on (in the case of principal); and (ii) the rate which would have been payable under Clause 9.1 (Interest rate for all Advances) if the Overdue Amount had, during the period of non-payment, constituted a Revolving Credit Advance in the currency of the Overdue Amount for such date successive Terms of payment shall be divided into successive periods of not more than three (3) months such duration as selected by the Agent may determine (each of which a “Designated Term”), except that during any grace period specified in Clause 19.2 (other than Non-payment) the first, which shall commence on such due date) shall commence on the last day Default Margin portion of the preceding such period. The rate Default Rate will only apply to overdue payments of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, principal. (b) The Default Rate will be determined on each Business Day or the Margin and first day of, or two Business Days before the first day of, the relevant Designated Term, as appropriate. (c) LIBOR for such period. Such interest shall If the Agent or, as the case may be, the U.S. Swingline Agent, determines that deposits in the currency of the Overdue Amount are not at the relevant time being made available by the Reference Banks to leading banks in the relevant interbank market, the Default Rate will be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant reference to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to or, as the case may be, the U.S. Swingline Agent, from whatever sources it selects, acting reasonably at all times, after consultation with the Reference Banks. (d) Default interest will be two per cent compounded at the end of each Designated Term. (2%e) per annum above the aggregate The Agent shall notify Vodafone of the Margin and the cost duration of funds to such Bankeach Designated Term.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.43.3) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Lender pursuant to this clause 3.43.3. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Lender each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentLender) of (a) two per cent (2%) per annum, (b) the Margin and Margin, (c) LIBOR the Reference Rate and (d) the Credit Adjustment Spread for such periodperiods. Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent Lender and on the day on which all amounts in respect of which interest is being paid under this clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Lender under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 4.4, 8.2.1(a) or 12.1, on a date day other than an Interest Payment Date relating thereto, the first such period selected by the Agent Lender shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.13.4.1, the Agent Lender is unable to determine a rate in accordance with the foregoing provisions of this clause 3.43.3, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Lender to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to the Lender compounded at such Bankintervals as the Lender selects.

Default Interest. (a) If the Borrowers fail an Obligor fails to pay any sum (includingamount payable by it under the Finance Documents, without limitation, any sum payable pursuant to this clause 3.4) it shall forthwith on its due date for payment under any of demand by the Security Documents (other than the Master Swap Agreements), the Borrowers shall Facility Agent pay interest on such sum on demand the overdue amount from the due date up to the date of actual payment (as well both before and after as before judgment) at a rate (the default rate) determined by the Facility Agent pursuant to this clause 3.4be one per cent. The period beginning per annum above, as applicable: (i) the rate on such the overdue amount under Clause 10.1 (Interest rate) immediately before the due date and ending on such date (if of payment shall be divided into successive periods principal of not more than three (3) months as selected by a Loan to the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day end of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an relevant Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between Period current at the due date of such payment); or (ii) if the overdue amount relates to a U.S.$ Swingline Loan, the U.S.$ Swingline Rate; or (iii) if the overdue amount related to a SEK Swingline Loan, the SEK Swingline Rate; or (iv) in all other cases (including principal sum and such of a Loan following the relevant Interest Payment Date and interest shall be payable on such principal sum during such period Period current at a rate the due date of two per cent (2%) above payment), the rate applicable thereto immediately which would have been payable if the overdue amount had, during the period of non-payment, constituted a Revolving Loan in the currency of the overdue amount for such successive Interest Periods of such duration as the Facility Agent may determine (each a Designated Interest Period). (b) The default rate will be determined: (i) if calculated by reference to the relevant Swingline Rate, on each day; or (ii) if calculated by reference to LIBOR, EURIBOR or XXXXXX on each Business Day or the first day of, or two Business Days before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1first day of, the relevant Designated Interest Period, as appropriate. (c) If the default rate is to be determined by reference to LIBOR, EURIBOR or XXXXXX and the Facility Agent is unable determines that deposits in the currency of the overdue amount are not at the relevant time being made available by the Reference Banks to determine a leading banks in the London interbank market, the default rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of will be determined by reference to the cost of funds to such Bank and the Facility Agent from whatever sources it may select. (d) Default interest on any sum not paid on its due date for payment shall will be compounded monthly (if calculated by reference to the Swingline Rate) or at a rate determined the end of each Designated Interest Period (if calculated by the Agent reference to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such BankLIBOR, EURIBOR or XXXXXX).

Default Interest. (a) If the Borrowers fail a Borrower fails to pay any sum amount payable by it under this Agreement when due (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreementsan “Overdue Amount”), it shall forthwith on demand by the Borrowers shall Agent or, as the case may be, the Euro Swingline Agent, pay interest on such sum on demand the Overdue Amount from the due date up to the date of actual payment (as well payment, both before and after as before judgment) , at a rate (the “Default Rate”) determined by the Agent pursuant or, as the case may be, the Euro Swingline Agent to this clause 3.4be one per cent. The period beginning per annum (the “Default Margin”) above the higher of: (i) the rate on such the Overdue Amount under Clause 9.1 (Interest rate for all Advances) immediately before the due date and ending on (in the case of principal); and (ii) the rate which would have been payable under Clause 9.1 (Interest rate for all Advances) if the Overdue Amount had, during the period of non-payment, constituted a Revolving Credit Advance in the currency of the Overdue Amount for such date successive Terms of payment shall be divided into successive periods of not more than three (3) months such duration as selected by the Agent may determine (each of which a “Designated Term”), except that during any grace period specified in Clause 19.2 (other than Non-payment) the first, which shall commence on such due date) shall commence on the last day Default Margin portion of the preceding such period. The rate Default Rate will only apply to overdue payments of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, principal. (b) The Default Rate will be determined on each Business Day or the Margin and first day of, or two Business Days before the first day of, the relevant Designated Term, as appropriate. (c) LIBOR for such period. Such interest shall If the Agent or, as the case may be, the Euro Swingline Agent, determines that deposits in the currency of the Overdue Amount are not at the relevant time being made available by the Reference Banks to leading banks in the Relevant Interbank Market, the Default Rate will be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant reference to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to or, as the case may be, the Euro Swingline Agent, from whatever sources it selects, acting reasonably at all times, after consultation with the Reference Banks. (d) Default interest will be two per cent compounded at the end of each Designated Term. (2%e) per annum above the aggregate The Agent shall notify Vodafone of the Margin and the cost duration of funds to such Bankeach Designated Term.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.43.4 and any amounts payable by the Borrowers under clause 2.23.3) on its due date for payment under any of the Security Documents (other than the Master Swap AgreementsAgreement), the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Bank pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three six (36) months as selected by the Agent Bank each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (a) two one per cent (21%) per annum, (b) the Margin and relevant Margin, (c) the Additional Cost and (d) LIBOR for such period or, for any such amounts denominated in euros, EURIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that that, if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Bank under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) 8.2 or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Bank shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two one per cent (21%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two one per cent (21%) per annum above the aggregate of the relevant Margin and the cost of funds (including Additional Cost) to such the Bank.

Default Interest. 19.1 If the Borrowers fail to pay any sum (including, without limitation, any sum due and payable pursuant to this clause 3.4) by the Borrower hereunder is not paid on its due date for payment under any of the Security Documents (other than the Master Swap Agreements), the Borrowers shall pay interest on such sum on demand from the due date up to therefor or if any sum due and payable by the Borrower under any judgement or decree of any court in connection herewith is not paid on the date of actual payment (as well after as before judgment) at a rate determined by such judgement or decree, the Agent pursuant to this clause 3.4. The period beginning on the date seven days after such due date (in the case of non payment by the Borrower of an amount due hereunder) or, as the case may be, the date of such judgement or decree and ending on the date upon which the obligation of the Borrower to pay such date of payment sum (the balance thereof for the time being unpaid being herein referred to as an "UNPAID SUM") is discharged shall be divided into successive periods of not more than three (3) months as selected by the Agent periods, each of which (other than the first, which shall commence on such due date) shall commence 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 Lender. 19.2 During each such period relating thereto as is mentioned in clause 19.1 an unpaid sum shall bear interest at the rate per annum which is the sum from time to time of two per cent and the Margin and the Associated Costs Rate in respect thereof at such time and LIBOR on the first day of the relevant period provided that: (a) if, for any such period. The , LIBOR cannot be determined, the rate of interest applicable to each such period unpaid sum shall be the aggregate (as rate per annum which is the sum of two per cent and the Margin and the Associated Costs Rate in respect thereof at such time and the rate per annum determined by the Agent) Lender to be equal to the rate which expressed as a percentage rate per annum equals the cost to it of (a) two per cent (2%) per annum, funding such unpaid sum for such period from whatever sources it may select; and (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is all or part of an amount of principal Advance which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date day other than an Interest Payment the Repayment Date relating theretotherefor, the first such period selected by the Agent applicable thereto shall be of a duration equal to the period between unexpired portion of that Term and the due date rate of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum applicable thereto from time to time during such period at a rate of shall be that which exceeds by two per cent (2%) above the rate which would have been applicable thereto immediately before to it had it not so fallen due. 19.3 Any interest which shall have become so accrued under clause 19 in respect of an unpaid sum shall be due and payable. If, for payable and shall be paid by the reasons specified in clause 3.6.1, Borrower at the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent end of the cost of funds period by reference to which it is calculated or on such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined other dates as the Lender may specify by written notice to the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such BankBorrower.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall Borrower must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Applicable Margin and (c) LIBOR for such periodperiods. Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent and on the day on which all amounts in respect of which interest is being paid under this Clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 4.4, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank Lender shall promptly notify the Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Applicable Margin and the arithmetic mean of the cost of funds to the Lenders compounded at such Bankintervals as the Agent selects.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.43.5) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall Borrower must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.43.5. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such periodperiods. Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent and on the day on which all amounts in respect of which interest is being paid under this Clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 4.4, 4.5, 4.6, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.13.7.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.43.5, each Bank Lender shall promptly notify the Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the arithmetic mean of the cost of funds to the Lenders compounded at such Bankintervals as the Agent selects.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap AgreementsAgreement), the Borrowers shall must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Lender pursuant to this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Lender each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentLender) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent Lender and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Lender under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Lender shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such Bank.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.45.6) on its due date for payment under any of this Agreement the Security Documents (other than the Master Swap Agreements), the Borrowers shall Borrower agrees to pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.45.6. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent (after consultation with the Banks) each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two one per cent (2%) cent. per annum, (b) the Margin and Margin, (c) LIBOR for such period. Such interest shall be due the Additional Cost and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date(d) LIBOR, provided that if such unpaid sum is all or part of an amount of principal Advance which became shall have become due and payable by reason prior to the last day of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an then current Interest Payment Date Period relating thereto, the first such period selected by the Agent shall be of a duration equal to end on the period between the due date last day of such principal sum and such Interest Payment Date Period and interest shall be payable on such principal unpaid sum during such period at a rate of two one per cent (2%) cent. above the rate applicable thereto immediately before it became due. Default interest under this clause 5.6 shall have become so be due and payablepayable on the last day of each period determined by the Agent pursuant to this clause 5.6 or, if earlier, on the date on which the sum in respect of which such default interest is accruing shall actually be paid. If, for the reasons specified in clause 3.6.15.8(a)(i) or (ii), the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, 5.6 each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated for each Bank at a rate determined by the Agent to be two one per cent (2%) cent. per annum above the aggregate of the Margin and the cost of funds (including Additional Cost ) to such Bank.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than except the Master Swap AgreementsAgreement), the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and Margin, (c) LIBOR for such periodperiod and (d) the Mandatory Cost (if any). Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that (i) if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 2.12, 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payablepayable and (ii) if the Agent selects under this clause 3.4 Interest Periods which are shorter than 3 months, interest under this clause shall (notwithstanding such selection) only be compounded and paid not more frequently than at 3 monthly intervals. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such BankBank (including Mandatory Cost, if any).

Default Interest. (a) If the Borrowers fail Borrower fails to pay any sum amount payable by it under this Agreement (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreementsan “overdue amount”), the Borrowers it shall forthwith on demand by an Agent pay default interest on such sum on demand the overdue amount from the due date up to until the date of actual payment (payment, as well after as before judgment) , at a rate (the “default rate”) determined by that Agent to be 1 per cent. per annum above: (i) if the Agent pursuant overdue amount relates to this clause 3.4. The a Swingline Advance, the Swingline Rate; or (ii) in all other cases, the rate which would have been payable if the overdue amount had, during the period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which non payment, constituted an Advance (other than a Swingline Advance) in the first, currency of the overdue amount for such successive Interest Periods or Terms of such duration as that Agent may determine (each a “Default Term”). (b) If any overdue amount consists of all or part of an Advance which shall commence became due on such due date) shall commence on a day which was not the last day of the preceding such period. The rate of interest applicable an Interest Period or Term relating to each such period shall be the aggregate that Advance: (as determined by the Agent) of (a) two per cent (2%) per annum, (bi) the Margin and (c) LIBOR first Interest Period or Term for such period. Such interest that overdue amount shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of have a duration equal to the period between unexpired portion of the due date current Interest Period relating to that Advance (if any); and (ii) the rate of such principal sum and such interest applying to the overdue amount during that first Interest Payment Date and interest Period or Term shall be payable on such principal sum during such period at a rate of two 1 per cent (2%) cent. above the rate applicable thereto immediately which would have applied if the overdue amount had not become due. (c) The default rate will be determined: (i) if calculated by reference to the Swingline Rate, on each day; or (ii) on the first day of, or two Business Days before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1first day of, the relevant Default Term, as appropriate. (d) If an Agent is unable determines that deposits in the currency of the overdue amount are not at the relevant time being made available by the Reference Banks to determine a leading banks in the London interbank market, the default rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of will be determined by reference to the cost of funds to that Agent from such Bank and sources as it reasonably may select. (e) Default interest on any sum not paid on its due date for payment shall will be compounded monthly (if calculated by reference to the Swingline Rate) or at the end of each Default Term (if calculated by reference to the rate which would have been payable if the overdue amount had, during the period of non payment, constituted an Advance (other than a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such BankSwingline Advance)).

Default Interest. 10.4.1 If the Borrowers fail to Borrower does not pay any sum payable under this Agreement (including, without limitation, any sum payable pursuant to under this clause 3.4Clause) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)when due, the Borrowers it shall pay interest interest, in the same currency as that in which that overdue sum is payable, on such the amount from time to time outstanding in respect of that overdue sum on demand from for the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such the 11th day after its due date and ending on such the date of its receipt by the Facility Agent or the relevant Lender (both before and after judgment and notwithstanding the termination of any banker and customer relationship) in accordance with this Clause. For the purpose of this Clause, if any payment is received by the Facility Agent on the due date, but after the term required and too late to be made available by the Facility Agent on that due date to the Lender(s) entitled to it, that payment shall be divided into deemed to be received on the next Ringgit Business Day or the Dollar Business Day, as the case may be. 10.4.2 Interest under this Clause shall be calculated by reference to successive periods of not more than three (3) months as selected by the Agent Interest Periods, each of which (other than the first, which shall commence begin on such the 11th day after its due date) shall commence begin on the last day of the preceding previous one. Each such period. The Interest Period shall be of one month or such other period as the Facility Agent may from time to time select and the rate of interest applicable to payable on each such period person's share of that overdue sum for all or any part of a particular Interest Period shall be the aggregate rate per annum (as determined quoted by that person to the Facility Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of Default Rate, the Margin and the cost (as certified by that person and expressed as a rate per annum) to that person (including the cost occasioned by or attributable to complying with reserves, liquidity, deposit or other requirements imposed on that person by such relevant authority or authorities) of funds funding its share of that overdue sum, in the currency in which it is payable, for that Interest Period by whatever means it determines to such Bankbe appropriate.

Default Interest. 17.1. If the Borrowers fail to pay any sum due and payable by the Borrower hereunder (including, without limitation, including any sum amount becoming payable pursuant to this clause 3.4the provisions of clauses 16.18 and/or 16.19 above) is not paid on its the due date for payment under any therefor in accordance with the provisions of the Security Documents this Agreement (other than the Master Swap Agreements"unpaid sum"), the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such the date upon which the obligation of payment the Borrower to pay the unpaid sum is discharged, shall be divided into successive periods of not more than three (3) months as selected by the Agent periods, each of which (other than the first, which shall commence on such due date) shall commence start on the last day of such preceding period and the preceding duration of each of which shall (except as otherwise provided in this clause 17) be selected by the Banks (such periodperiods selected as aforesaid "Interest Periods"). 17.2. The rate of interest applicable to During each such period Interest Period as is mentioned in clause 17.1 above, an unpaid sum shall be bear Interest at the aggregate (as determined by rate per annum which is the Agent) of sum from time to time of: (a) two per cent 3% (2%) per annum, three percent); (b) the Margin Margin; and (c) LIBOR on the Interest Determination Date for such periodInterest Period, provided that, if, for any such Interest Period LIBOR cannot be determined, the rate of Interest applicable to such unpaid sum shall be the rate per annum which is the sum of: (i) 3% (three percent); (ii) the Margin; and (iii) a rate certified by the Banks in accordance with clause 9 above. 17.3. Such interest Any Interest which shall have accrued under clause 17.2 above in respect of an unpaid sum shall accrue from day to day from the commencement of the period in which such Interest is due, shall be calculated on the basis of the actual number of days elapsed and a 360 (three hundred and sixty) day year and shall be due and payable on the last day of each such period as determined and shall be paid by the Agent and each Borrower at the end of the period by reference to which it is calculated or on such day shall, for other dates as the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable Banks may specify by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal written notice to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such BankBorrower.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Bank pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three six (36) months as selected by the Agent Bank each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Bank under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a8.3.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Bank shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such the Bank.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap AgreementsAgreement), the Borrowers shall Borrower must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Lender pursuant to this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Lender each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentLender) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such periodperiods. Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent Lender and on the day on which all amounts in respect of which interest is being paid under this Clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Lender under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 4.4, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Lender shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent Lender is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Lender to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to the Lender compounded at such Bankintervals as the Lender selects.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to Bank under this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Bank each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (a) two per cent (2%) per annum, (b) the Margin and Margin, (c) LIBOR and (d) Mandatory Costs (if any) for such periodperiods. Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent Bank and on the day on which all amounts in respect of which interest is being paid under this Clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable payable, by reason of a declaration by the Agent Bank under clause 10.2.2 10.2 or a prepayment pursuant to clauses 4.2, 4.3, 8.2.1(a) 4.5, 8.2 or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Bank shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to the Bank compounded at such Bankintervals as the Bank selects.

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three six (36) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) 8.2.1 or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such Bank.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap AgreementsAgreement), the Borrowers shall Borrower must pay interest on such sum sura on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Lender pursuant to this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Lender each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentLender) of (a) two per cent (2%) per annum, (b) the Applicable Margin and (c) LIBOR for such periodperiods. Such interest shall be due and payable on the last day of each such period as determined by the Agent Lender and on the day on which all amounts in respect of which interest is being paid under this clause 3.4 are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Lender under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 4.4, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Lender shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent Lender is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Lender to be two per cent (2%) per annum above the aggregate of the Applicable Margin and the cost of funds to the Lender compounded at such Bankintervals as the Lender selects.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap AgreementsAgreement), the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Agent, each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and Margin, (c) LIBOR for such periodperiod and (d) Mandatory Cost, if any. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such BankBank (including Mandatory Cost, if any).

Default Interest. If the Borrowers fail to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such periodperiods. Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent and on the day on which all amounts in respect of which interest is being paid under this Clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such the relevant unpaid sum is (i) an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or (ii) a prepayment pursuant to clauses 4.3, 4.4, 8.2.1(a) or 12.1, 12.1 on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank Lender shall promptly notify the Agent of the cost of funds to such Bank Lender and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the arithmetic mean of the cost of funds to the Lenders compounded at such Bankintervals as the Agent selects.

Default Interest. If During the Borrowers fail to existence of an Event of Default the Borrower shall pay any sum interest (including, without limitation, any sum payable pursuant to this clause 3.4both before and after judgment) on its due date for payment under (a) the outstanding Advances (or Loan, as the case may be) and (b) on any of the Security Documents amount (other than principal of the Master Swap Agreements), the Borrowers shall pay interest on such sum on demand from the outstanding Advances) not paid when due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. Clause 5.2. (a) The period beginning on such due date and the occurrence of the Event of Default (the "Default Date")and ending on the date any such date Event of payment Default is cured or waived in accordance with the terms hereof shall be divided into successive periods of not more than three months (3each a "default period") months as selected by the Agent (after consultation with the Banks) each of which (other than the first, which shall commence on such due datethe Default Date) shall commence on the last day of the preceding such default period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became has become due and payable by reason of a declaration by the Agent under clause 10.2.2 Clause 11.2(b) or a prepayment pursuant to clauses 4.3, 8.2.1(a) Clause 6.3 or 12.1, on a date other than an Interest Payment Clause 13.1 prior to the Repayment Date relating theretofor such amount of principal, the first such default period selected by the Agent shall be end on that Repayment Date. (b) The rate of a duration equal interest applicable to the each default period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a the rate of per annum determined by adding (i) two per cent and (2%ii) above the rate applicable thereto immediately before it Margin or Margins then in effect to TIBOR (or LIBOR, as the case may be) as in effect for each Interest Period. (c) Default interest under this Clause 5.2 shall have become so be due and payable. Ifpayable on the last day of each default period or, for if earlier, on the reasons specified date on which the sum in clause 3.6.1, respect of which that default interest is accruing is actually paid. (d) If the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4Clause 5.2, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated for each Bank at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such Bank, as determined by such Bank in its sole discretion.

Default Interest. 3.4.1 If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.43.4 (Default Interest) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall Borrower must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Lender pursuant to this clause 3.4. 3.4 (Default Interest). 3.4.2 The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Lender each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. . 3.4.3 The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentLender) of (a) two per cent (22 %) per annum, (b) the Margin and (c) LIBOR the Reference Rate for such period. periods. 3.4.4 Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent Lender and on the day on which all amounts in respect of which interest is being paid under this clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Lender under clause 10.2.2 or a prepayment pursuant to clauses 4.34.3 (Mandatory Prepayment on Total Loss), 8.2.1(a4.4 (Mandatory prepayment on sale of the Vessel), 1.1.1(a) (Security shortfall) or 12.112.1 (Unlawfulness), on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Lender shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. . 3.4.5 If, for the reasons specified in clause 3.6.1, 3.5 (Unavailability of Term SOFR) the Agent Lender is unable to determine a rate in accordance with the foregoing provisions of this clause 3.43.4 (Default Interest), each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Lender to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to the Lender may be compounded every six (6) months or at such Banklonger intervals as the Lender selects and shall be payable on demand.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Bank pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Bank each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (a) two one per cent (21%) per annum, (b) the Margin and (c) LIBOR the Additional Cost and (d) the Funding Cost for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable payable, by reason of a declaration by the Agent Bank under clause 10.2.2 11.2.2 or a prepayment pursuant to clauses 4.35.2, 8.2.1(a) 5.3, 9.2 or 12.113.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Bank shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two one per cent (21%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two one per cent (21%) per annum above the aggregate of the Margin and the cost of funds (including Additional Cost) to such the Bank.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.40) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Finance Documents, the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.40. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin Margin, (c) the Additional Cost and (cd) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.34.2, 8.2.1(a) 4.5, 8.2 or 12.1, 12.1 provided that if such unpaid sum is an amount of principal which became due and payable on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.40, each Bank shall promptly notify the Agent of the cost costs of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin Margin, the Additional Cost and the cost of funds to such Bank.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Agent, each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such Bank.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the Agent) of (a) two per cent (2%) per annum, (b) the Margin Margin, (c) the Additional Cost and (cd) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent under clause 10.2.2 or a prepayment pursuant to clauses 4.2, 4.3, 8.2.1(a) 8.2 or 12.1, 12.1 provided that if such unpaid sum is an amount of principal which became due and payable on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost costs of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent to be two per cent (2%) per annum above the aggregate of (a) the Margin Margin, (b) the Additional Cost and (c) the cost of funds to such Bank.

Default Interest. 3.4.1 If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.43.4 (Default interest)) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers shall Borrower must pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgment) at a rate determined by the Agent Lender pursuant to this clause 3.4. 3.4 (Default interest). 3.4.2 The period beginning starting on such due date and ending on such date of payment shall be divided into successive periods of not more than three (3) months as selected by the Agent Lender each of which (other than the first, which shall commence start on such due date) shall commence start on the last day of the preceding such period. . 3.4.3 The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentLender) of (a) two per cent (2%) per annum, (b) the Applicable Margin and (c) LIBOR the Reference Rate and (d) in respect of the Loan less an amount equivalent to the Pledged Deposit Amount, the applicable Credit Adjustment Spread for such period. periods. 3.4.4 Such interest shall be due and payable on demand, or, if no demand is made, then on the last day of each such period as determined by the Agent Lender and on the day on which all amounts in respect of which interest is being paid under this clause are paid, and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Lender under clause 10.2.2 22.2 or a prepayment pursuant to clauses 4.37.5 (Mandatory Prepayment on sale or Total Loss), 8.2.1(a7.6 (Mandatory prepayment on change of ownership of Guarantor), 17.14.1 (Additional security) or 12.17.1 (Illegality), on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Lender shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. . 3.4.5 If, for the reasons specified in clause 3.6.13.5.2, the Agent Lender is unable to determine a rate in accordance with the foregoing provisions of this clause 3.43.4 (Default interest), each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Lender to be two per cent (2%) per annum above the aggregate of the Applicable Margin and the cost of funds to the Lender compounded at such Bankintervals as the Lender selects.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgmentjudgement) at a rate determined by the Agent Bank pursuant to this clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three six (36) months as selected by the Agent Bank each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (a) two per cent (2%) per annum, (b) the Margin and (c) LIBOR for such period. Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration by the Agent Bank under clause 10.2.2 or a prepayment pursuant to clauses 4.3, 8.2.1(a) 8.3.1(a), 8.4 or 12.1, on a date other than an Interest Payment Date relating thereto, the first such period selected by the Agent Bank shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payable. If, for the reasons specified in clause 3.6.1, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two per cent (2%) per annum above the aggregate of the Margin and the cost of funds to such the Bank.

Default Interest. If the Borrowers fail Borrower fails to pay any sum (including, without limitation, any sum payable pursuant to this clause Clause 3.4) on its due date for payment under any of the Security Documents (other than the Master Swap Agreements)Documents, the Borrowers Borrower shall pay interest on such sum on demand from the due date up to the date of actual payment (as well after as before judgmentjudgement) at a the rate determined by the Agent Bank pursuant to this clause Clause 3.4. The period beginning on such due date and ending on such date of payment shall be divided into successive periods of not more than three six (36) months (or as selected by the Agent Bank each of which (other than the first, which shall commence on such due date) shall commence on the last day of the preceding such period. The rate of interest applicable to each such period shall be the aggregate (as determined by the AgentBank) of (ai) two per cent (2%) ), per annum, (bii) the Margin and (ciii) LIBOR for such periodLIBOR. Such interest shall be due and payable on the last day of each such period as determined by the Agent Bank and each such day shall, for the purposes of this Agreement, be treated as an Interest Payment Date. In case that a payment is made in default for any amount, provided that if such unpaid sum is an amount of principal which became due and payable by reason of a declaration the Interest Periods will be determined by the Agent under clause 10.2.2 or a prepayment Bank at its discretion including the amounts for which there is no default, even if the Bank has not (yet) exercised its rights pursuant to clauses 4.3, 8.2.1(aClause 9.9(b) or 12.1, on a date other than an Interest Payment Date relating thereto, of the first such period selected by the Agent shall be of a duration equal to the period between the due date of such principal sum and such Interest Payment Date and interest shall be payable on such principal sum during such period at a rate of two per cent (2%) above the rate applicable thereto immediately before it shall have become so due and payableAgreement. If, If for the reasons specified in clause 3.6.1Clause 3.6, the Agent Bank is unable to determine a rate in accordance with the foregoing provisions of this clause Clause 3.4, each Bank shall promptly notify the Agent of the cost of funds to such Bank and interest on any sum not paid on its due date for payment shall be calculated at a rate determined by the Agent Bank to be two per cent (2%) per annum above the aggregate of the Margin and the cost costs of funds to such Bankthe Bank as conclusively determined by the Bank save for manifest error. Interest payable by the Borrower as aforesaid shall be compounded semi-annually and shall be payable on demand.