Interest on demand. If any Secured Creditor or the Company fails to pay any amount payable by 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 that sum) at the rate which is equal to the Common Security Agent’s cost of funds.
Appears in 2 contracts
Interest on demand. If any Secured Creditor or the Company Debtor fails to pay any amount payable by 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 that sum) at the rate which is equal to the Common Security Agent’s cost of funds.is
Appears in 1 contract
Samples: Intercreditor Agreement
Interest on demand. If any Secured Creditor or the Company Debtor fails to pay any amount payable by 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 that sum) at the rate which is equal to the Common Security Agent’s cost of funds.is:
Appears in 1 contract
