Common use of Interest on demand Clause in Contracts

Interest on demand. If the Borrowers fail to pay any amount payable by them to the Security Agent under this Agreement on its due date, interest shall accrue on the overdue amount (and be compounded with it) from the due date up to the date of actual payment (both before and after judgment and to the extent interest at a default rate is not otherwise being paid on such sum) at the rate which is two per cent. (2%) per annum over the rate at which the Security Agent was being offered, by prime banks in the London interbank market, deposits in an amount comparable to the unpaid amounts in the currencies of those amounts for such period(s) as the Security Agent may from time to time select.

Interest on demand. If the Borrowers fail any Creditor or Debtor fails to pay any amount payable by them to the Security Agent it under this Agreement on its due date, interest shall shall, without double-counting, accrue on the overdue amount (and be compounded with it) from the due date up to the date of actual payment (both before and after judgment and to the extent interest at a default rate is not otherwise being paid on such sumthat sum under any other Debt Document) at the rate which is two one per cent. (2%) per annum over the rate at which the Security Agent was being offered, by prime leading banks in the London interbank market, deposits in an amount comparable to the unpaid amounts in the currencies of those amounts for such any period(s) as that the Security Agent may from time to time select.

Interest on demand. If the Borrowers fail any Creditor or Obligor fails to pay any amount payable by them to the Security Agent it under this Agreement on its due date, interest shall accrue on the overdue amount (and be compounded with it) from the due date up to the date of actual payment (both before and after judgment and to the extent interest at a default rate is not otherwise being paid on such that sum) at the rate which is two one per cent. (2%) per annum over the rate at which the Security and Intercreditor Agent was being offered, by prime leading banks in the London interbank market, deposits in an amount comparable to the unpaid amounts in the currencies of those amounts for such any period(s) as that the Security and Intercreditor Agent may from time to time select.

Interest on demand. If the Borrowers fail any Creditor or Obligor fails to pay any amount payable by them to the Security Agent it under this Agreement on its due date, interest shall accrue on the overdue amount (and be compounded with it) from the due date up to the date of actual payment (both before and after judgment and to the extent interest at a default rate is not otherwise being paid on such that sum) at the rate which is two one per cent. (2%) per annum over the rate at which the Security relevant Agent or Proceeds Agent was being offered, by prime leading banks in the London interbank market, deposits in an amount comparable to the unpaid amounts in the currencies of those amounts for such any period(s) as that the Security relevant Agent may from time to time select.