Common use of Interest on indemnity payments Clause in Contracts

Interest on indemnity payments. Moneys becoming due by the Lessee to the Lessor under the indemnities contained in this clause 9 or elsewhere in this Lease or any of the other Lease Documents shall be paid on demand made by the Lessor and shall be paid together with interest thereon at the Default Rate in respect of the period from the date on which the Lessor suffered or incurred the Indemnity Loss until the date of payment by the Lessee to the Lessor (after as well as before judgment) and the Lessor agrees that it will issue a demand hereunder as soon as reasonably practicable after determining that it has suffered or incurred any such Indemnity Loss, and will make such determination as soon as reasonably practicable after becoming aware that it may have suffered or incurred an Indemnity Loss.