Guarantor Default Interest. (a) If CGIF fails to make a payment in accordance with Clause 3.3 (Payment of a Demand), CGIF will pay interest on the overdue Guaranteed Amount for the period from (and including) the Original Due Date of such Guaranteed Amount to (but excluding) the date of actual payment at the Guarantor Default Rate.
(b) If CGIF fails to make a payment in accordance with Clause 5.4 (CGIF Acceleration) in respect of the scenario set out in Clause 5.4(a), CGIF will pay interest on the overdue Guaranteed Amount for the period from (and including) the Acceleration Due Date of such Guaranteed Amount to (but excluding) the date of actual payment at the Guarantor Default Rate.
Guarantor Default Interest. (a) If CGIF fails to make a payment in accordance with Clause 3.3 (Payment of a Demand) or Clause 5.5 (Payment by the Guarantor), CGIF will pay interest on the overdue Guaranteed Amount for the period from (and including) the Original Due Date for the Guaranteed Amount to (but excluding) the date of actual payment at:
(i) the Guarantor Default Rate, in respect of the amount corresponding to the Principal Amount portion of the Guaranteed Amount; and
(ii) 2% per annum, in respect of the amount corresponding to the Scheduled Interest portion of the Guaranteed Amount.
(b) If CGIF fails to make a payment in accordance with Clause 5.4 (CGIF Acceleration) in respect of the scenario set out in Clause 5.4(a) (CGIF Acceleration), CGIF will pay interest on the overdue Guaranteed Amount for the period from (and including) the due date for payment of the Guaranteed Amount by CGIF pursuant to Clause 5.4(a) (CGIF Acceleration) to (but excluding) the date of actual payment at:
(i) the Guarantor Default Rate, in respect of the amount corresponding to the Principal Amount portion of the Guaranteed Amount; and
(ii) 2% per annum, in respect of the amount corresponding to the Scheduled Interest portion of the Guaranteed Amount.
Guarantor Default Interest. (a) If CGIF fails to make a payment in accordance with Clause 3.3 (Payment of a Demand), CGIF will pay interest on the overdue Principal Amount portion which forms part of the Guaranteed Amount for the period from (and including) the Original Due Date for such portion of the Guaranteed Amount to (but excluding) the date of actual payment at the Guarantor Default Rate.
(b) If CGIF fails to make a payment in accordance with Clause 5.4 (CGIF Acceleration) in respect of the scenario set out in Clause 5.4(a), CGIF will pay interest on the overdue Principal Amount portion which forms part of the Guaranteed Amount for the period from (and including) the Acceleration Due Date for such portion of the Guaranteed Amount to (but excluding) the date of actual payment at the Guarantor Default Rate.
