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.

Appears in 2 contracts

Samples: Guarantee Agreement, www.thaibma.or.th

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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 such the Guaranteed Amount to (but excluding) the date of actual payment at the Guarantor Default Rate.

Appears in 1 contract

Samples: Version Guarantee Agreement

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.

Appears in 1 contract

Samples: Guarantee

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 of such for the Guaranteed Amount to (but excluding) the date of actual payment at the Guarantor Default Rate.at:

Appears in 1 contract

Samples: Guarantee Agreement

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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.

Appears in 1 contract

Samples: Guarantee

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