Common use of Overdue Interest Clause in Contracts

Overdue Interest. If the Issuer shall default in the payment of the principal of or interest on any Note or on any other amount becoming due under this Loan Agreement or any other Transaction Document, the Issuer shall from time to time pay interest on such unpaid amounts, to the extent permitted by applicable law, to, but not including, the date of actual payment (after as well as before judgment), at a rate per annum equal to the Overdue Rate, for the period during which such principal, interest or other amount shall be unpaid. All such overdue interest shall be payable from amounts on deposit in the Trust Account in accordance with Section 302(a) of this Loan Agreement.

Overdue Interest. If the Issuer shall default in the payment of the principal of or interest on any Note or on any other amount becoming due under this Loan Agreement or E30 Exhibit 10.1 any other Transaction Document, the Issuer shall from time to time pay interest on such unpaid amounts, to the extent permitted by applicable law, to, but not including, the date of actual payment (after as well as before judgment), at a rate per annum equal to the Overdue Rate, for the period during which such principal, interest or other amount shall be unpaid. All such overdue interest shall be payable from amounts on deposit in the Trust Account in accordance with Section 302(a) of this Loan Agreement.