Common use of Interest on overdue sums Clause in Contracts

Interest on overdue sums. Without prejudice to Article 10 and by way of exception to Article 3.01, if the Borrower fails to pay any amount payable by it under this Contract on its due date, interest shall accrue (subject to mandatory provisions of the applicable laws) on any overdue amount payable under the terms of this Contract from the due date to the date of actual payment at an annual rate equal to: (i) for overdue sums related to Tranches, the applicable Floating Rate plus [***]% ([***] basis points); or (ii) for overdue sums other than under (i) above, EURIBOR plus [***]% ([***] basis points) and shall be payable in accordance with the demand of the Bank. For the purpose of determining EURIBOR in relation to this Article 3.03, the relevant periods within the meaning of Schedule B shall be successive periods of one month commencing on the due date. If the overdue sum is in a currency other than the currency of the Loan, the following rate per annum shall apply, namely the relevant interbank rate that is generally retained by the Bank for transactions in that currency plus [***]% ([***] basis points), calculated in accordance with the market practice for such rate.

Interest on overdue sums. Without prejudice to Article 10 9 (Events of default) and by way of exception to Article 3.014.1 (Fixed Rate Tranches), if the Borrower fails to pay any amount payable by it under this the Contract on its due date, interest shall accrue (subject to mandatory provisions of the applicable laws) on any such overdue amount payable under the terms of this Contract from the due date to the date of actual payment at an annual rate equal to: (ia) for overdue sums related to Fixed Rate Tranches, the higher of (a) the applicable Floating Fixed Rate plus [***]2% ([***] 200 basis points) or (b) EURIBOR plus 2% (200 basis points); or; (iib) for overdue sums other than under sub-paragraph (ia) of Article 4.3 (Interest on overdue sums) above, EURIBOR plus [***]2% ([***] 200 basis points) ), and shall be payable in accordance with the demand of the Bank. For the purpose of determining EURIBOR in relation to this Article 3.034.3 (Interest on overdue sums), the relevant periods within the meaning of Schedule B (Definition of EURIBOR) shall be successive periods of one month commencing on the due date. Any unpaid but due interest may be capitalised in conformity with article 1154 of the Luxembourg Civil Code. For the avoidance of doubt, capitalisation of interest shall occur only for interest due but unpaid for a period of more than one year. The Borrower hereby agrees in advance to have the unpaid interest due for a period of more than one year compounded and that as of the capitalisation, such unpaid interest will in turn produce interest at the interest rate set out in this Article 4.3 (Interest on overdue sums). If the overdue sum is in a currency other than the currency of the Loan, the following rate per annum shall apply, namely the relevant interbank rate that is generally retained by the Bank for transactions in that currency plus [***]2% ([***] 200 basis points)) shall apply, calculated in accordance with the market practice for such rate.

Interest on overdue sums. Without prejudice to Article 10 and by way of exception to Article 3.01, if the Borrower fails to pay any amount payable by it under this the Contract on its due date, interest shall accrue (subject to mandatory provisions of the applicable laws, including Article 1154 of the Luxembourg Civil Code) on any overdue amount payable under the terms of this Contract from the due date to the date of actual payment at an annual rate equal to: (i) for overdue sums related to Floating Rate Tranches, the applicable Floating Rate plus [***]2% (ii) for overdue sums related to Fixed Rate Tranches, the higher of (a) the applicable Fixed Rate plus 2% ([***] 200 basis points) or (b) the Relevant Interbank Rate plus 2% (200 basis points); or; (iiiii) for overdue sums other than under (i) or (ii) above, EURIBOR the Relevant Interbank Rate plus [***]2% ([***] 200 basis points) and shall be payable in accordance with the demand of the Bank. For the purpose of determining EURIBOR the Relevant Interbank Rate in relation to this Article 3.033.02, the relevant periods within the meaning of Schedule B shall be successive periods of one month commencing on the due date. If the overdue sum is in a currency other than the currency of the Loan, the following rate per annum shall apply, namely the relevant interbank rate that is generally retained by the Bank for transactions in that currency plus [***]2% ([***] 200 basis points), calculated in accordance with the market practice for such rate.

Interest on overdue sums. Without prejudice to Article 10 and by way of exception to Article 3.01, if the Borrower fails to pay any amount payable by it under this the Contract on its due date, interest shall accrue (subject to mandatory provisions of the applicable laws) on any overdue amount sum payable under the terms of this Contract from the due date to the date of actual payment at an annual rate equal to: (i) for overdue sums related to Floating Rate Tranches, the applicable Floating Rate plus [***]2% ([***] 200 basis points); or; (ii) for overdue sums related to Fixed Rate Tranches, the higher of (a) the applicable Fixed Rate plus 2% (200 basis points) or (b) the Relevant Interbank Rate plus 2% (200 basis points); (iii) for overdue sums other than under (i) or (ii) above, EURIBOR the Relevant Interbank Rate plus [***]2% ([***] 200 basis points) and shall be payable in accordance with the demand of the Bank. For the purpose of determining EURIBOR the Relevant Interbank Rate in relation to this Article 3.033.02, the relevant periods within the meaning of Schedule B shall be successive periods of one month commencing on the due date. If the overdue sum is in a currency other than the currency of the Loan, the following rate per annum shall apply, namely the relevant interbank rate that is generally retained by the Bank for transactions in that currency plus [***]2% ([***] 200 basis points), calculated in accordance with the market practice for such rate.