Liability for Interest. To the extent permitted by applicable law, the Seller shall be liable to the Buyers for interest on any amounts owing by the Seller hereunder, from the date the Seller becomes liable for such amounts hereunder until such amounts are (a) paid in full by the Seller or (b) satisfied in full by the exercise of the Buyers’ rights hereunder. Interest on any sum payable by the Seller under this Section 18.6 shall be at a rate equal to the greater of the Pricing Rate for the relevant Transaction or the Prime Referenced Rate.
Liability for Interest. In addition to its liabilities under Clauses 9.1 and 9.2, the Guarantor hereby agrees to pay or cause to be paid to the Security Trustee on demand (i) interest (including any interest which, but for the application of bankruptcy or insolvency laws, would have accrued on the amounts in question) calculated in accordance with clause 8.4 (Interest on overdue amounts) of the ECA Loan Agreement (unless interest at the Default Rate continues to be charged to any or all of the Principal Debtors in respect of that same amount under the Transaction Documents and is thereby payable by the Guarantor pursuant to Clause 9.1 or 9.2), and (ii) all costs and expenses (on a full indemnity basis) incurred by or on behalf of any Relevant Party in enforcing or endeavouring to enforce the payment of any sums due under this Clause 9.
Liability for Interest. 83 18.7. Other Rights ...........................................................................................................83 18.8. Seller’s Repurchase Rights ....................................................................................83 18.9. Sale of Purchased Loans ........................................................................................83
Liability for Interest. 67 18.7. Other Rights ..........................................................................................................67 18.8. Seller’s Repurchase Rights ...................................................................................67 18.9. Sale of Purchased Loans .......................................................................................67 19 SERVICING OF THE PURCHASED LOANS ...............................................................68 19.1. Servicing Released Basis ......................................................................................68 19.2. Servicing and Subservicing ...................................................................................68 19.3. Escrow Payments ..................................................................................................68 19.4. Escrow and Income after Event of Default ...........................................................68 19.5. Servicing Records .................................................................................................69 19.6. Subservicer Instruction Letter ...............................................................................69 19.7. Termination of Servicing ......................................................................................69 19.8. Notice from Seller .................................................................................................69 19.9. Seller Remains Liable ...........................................................................................70 19.10. Backup Servicer ....................................................................................................70
Liability for Interest. Section 18.6 of the Repurchase Agreement is hereby amended and restated in its entirety to read as follows:
Liability for Interest. (a) Interest on the Loan is charged from the Settlement Date, regardless or whether or not you ask us to advance funds to you on that day.
(b) Unless your Loan is an Expect More Loan Package with a linked Offset Account, Interest on your Loan will accrue daily, calculated at the Daily Annual Percentage Rate on the Outstanding Balance at the end of that day. For details of the calculation of interest on Expect More Loan Packages with a linked Offset Account, refer to the section of these T&Cs headed ‘Special Provisions Relating to Certain
Liability for Interest. In addition to its liabilities under Clauses 5.1 and 5.2 above, the Guarantor hereby agrees to pay or cause to be paid to the Agent on demand (i) interest (including compound interest and both before and after judgement) on the amount or any part thereof for the time being unpaid and due to either Representative and/or the Lenders under this Clause 5, together with any interest which, but for the application of bankruptcy or insolvency laws, would have accrued on the amounts in question, from the date of demand on the Guarantor for payment until payment is made at the Default Rate (unless interest at the Default Rate continues to be charged to any or all of the Obligors in respect of that same amount under the Transaction Documents and is thereby payable by the Guarantor pursuant to Clause 5.1 or 5.2), and (ii) all legal and other costs, charges and expenses (on a full indemnity basis) incurred by or on behalf of either Representative and/or any of the Lenders following an Acceleration Event in enforcing or endeavouring to enforce the payment of any sums due under this Clause 5.
