Common use of Past Due Payments Clause in Contracts

Past Due Payments. In the event the Borrower shall fail to pay any amounts required to be paid under Section 4.01 or any other amounts payable under this Agreement, any such amounts shall continue to bear interest until their payment (to the extent permitted by law) from the maturity date, redemption date or interest payment date to which such defaulted amounts relate at the then current rate of interest on such Bonds.

Past Due Payments. In the event the Borrower shall fail to pay any amounts required to be paid under Section 4.01 or any other amounts payable under this Agreement, any such amounts shall continue to bear interest until their payment (to the extent permitted by law) from the maturity date, redemption date or interest payment date to which such defaulted amounts relate at the then current rate of interest on such Bonds. .

Past Due Payments. In the event the Borrower shall fail to pay any amounts required to be paid under Section 4.01 or any other amounts payable under this Agreement4.01, any such amounts pertaining to principal of or interest on the Bonds to which such defaulted amounts relate shall continue to bear interest until their payment (to the extent permitted by law) until their payment from the maturity datedate they were payable, redemption date or interest payment date to which such defaulted amounts relate at the then current rate of interest on such Bonds.

Past Due Payments. In the event the Borrower shall fail to pay any amounts required to be paid under Section 4.01 or any other amounts payable under this Agreement4.01, any such amounts pertaining to principal of or interest on the Bonds to which such defaulted amounts relate shall continue to bear interest until their payment (to the extent permitted by law) from the maturity datedate they were payable, redemption date or interest payment date to which such defaulted amounts relate at the then current rate of interest on such Bonds.