Payment and Compounding of Default Interest. Interest accrued under this Clause 21 shall be due on demand by the Agent but, if not previously demanded, shall be paid when due in accordance with Clause 8.4. If not paid when due, the interest shall be added to the overdue sum and itself bear interest accordingly, to the fullest extent permitted by French law.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Alstom), Revolving Credit Agreement (Alstom), Revolving Credit Facility Agreement (Alstom)
Payment and Compounding of Default Interest. Interest accrued under this Clause 21 shall be due on demand by the Agent Bank but, if not previously demanded, shall be paid when due in accordance with Clause 8.4. If not paid when due, the interest shall be added to the overdue sum and itself bear interest accordingly, to the fullest extent permitted by French law.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Alstom), Revolving Credit Agreement (Alstom)
Payment and Compounding of Default Interest. Interest accrued under this Clause 21 22 shall be due on demand by the Agent but, if not previously demanded, shall be paid when due in accordance with Clause 8.4. If not paid when due, the interest shall be added to the overdue sum and itself bear interest accordingly, . Interest shall be compounded to the fullest extent permitted by French or any other applicable law.
Appears in 1 contract
Samples: Revolving Credit Agreement (Cousin Acquisition Inc)
Payment and Compounding of Default Interest. Interest accrued under this Clause 21 20 shall be due on demand by the Agent but, if not previously demanded, shall be paid when due in accordance with Clause 8.48.5(b). If not paid when due, the interest shall be added to the overdue sum and itself bear interest accordingly, to the fullest extent permitted by French law, and only if such interest accrued on overdue amounts remains due (within the meaning of article1154 of the French Civil Code) for a period of at least one year.
Appears in 1 contract
