Common use of Guarantor Default Interest Clause in Contracts

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 Guaranteed Amount following a Demand), CGIF will pay interest on the overdue Guaranteed Amount for the period from (and including) the Original Due Date of such for 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 Guaranteed Amount for the period from (and including) the Acceleration Due Date of such for the 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), CGIF will pay interest on the overdue Guaranteed Amount for the period from (and including) the Original Due Date of such for 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 Guaranteed Amount for the period from (and including) the Acceleration Due Date of such for the Guaranteed Amount to (but excluding) the date of actual payment at the Guarantor Default Rate.