Interest on Unpaid Interest. If any payment by the Trustee on a Distribution Date pursuant to clause 5.3 is insufficient to pay the full amount of the then accrued interest on a Drawing, such unpaid accrued interest will in turn accrue interest (as a separate and independent obligation) until paid at the Prescribed Rate for each succeeding Interest Period and if not paid on the Distribution Date at the end of each such succeeding Interest Period, will itself bear interest in accordance with this clause.
Appears in 6 contracts
Samples: Facility Agreement (Securitisation Advisory Services Pty LTD), Securitisation Advisory Services Pty LTD, Facility Agreement (Securitisation Advisory Services Pty LTD)
Interest on Unpaid Interest. If any payment by the Trustee on a Distribution Date pursuant to clause 5.3 is insufficient to pay the full amount of the then accrued interest on a Drawingthe Standby Redraw Facility Principal, such unpaid accrued interest will in turn accrue interest (as a separate and independent obligation) until paid at the Prescribed Rate for each succeeding Interest Period and if not paid on the Distribution Date at the end of each such succeeding Interest Period, will itself bear interest in accordance with this clause.
Appears in 6 contracts
Samples: Securitisation Advisory Services Pty LTD, Securitisation Advisory Services Pty LTD, Redraw Facility Agreement (Securitisation Advisory Services Pty LTD)
Interest on Unpaid Interest. If any payment by the Trustee on a Quarterly Distribution Date pursuant to clause 5.3 is insufficient to pay the full amount of the then accrued interest on a Drawing, such unpaid accrued interest will in turn accrue interest (as a separate and independent obligation) until paid at the Prescribed Rate for each succeeding Interest Period and if not paid on the Quarterly Distribution Date at the end of each such succeeding Interest Period, will itself bear interest in accordance with this clause.
Appears in 3 contracts
Samples: Liquidity Facility Agreement (Medallion Trust Series 2007-1g), Securitisation Advisory Services Pty LTD, Securitisation Advisory Services Pty LTD
Interest on Unpaid Interest. If any payment by the Trustee on a Monthly Distribution Date pursuant to clause 5.3 is insufficient to pay the full amount of the then accrued interest on a Drawing, such unpaid accrued interest will in turn accrue interest (as a separate and independent obligation) until paid at the Prescribed Rate for each succeeding Interest Period and if not paid on the Monthly Distribution Date at the end of each such succeeding Interest Period, will itself bear interest in accordance with this clause.
Appears in 1 contract
Samples: Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD)
