Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 (Default Interest) in respect of an unpaid sum shall be due and payable and shall be paid by the Borrower at the end of the period by reference to which it is calculated or on such other dates as the Lender may specify by written notice to the Borrower.
Payment of Default Interest. Any interest which shall have accrued under Clause 15.2 (Default interest) in respect of an unpaid sum shall be due and payable and shall be paid by Funding at the end of the period by reference to which it is calculated or on such other date or dates as the Security Trustee may specify by written notice to Funding.
Payment of Default Interest. Interest on an Unpaid Sum accrued under clause 18.1 shall be due and payable and shall be paid by the Borrower at the end of each Interest Period relating thereto or on such other date as the relevant Lender may specify by written notice to the Borrower.
Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 in respect of an unpaid sum shall be due and payable and shall be paid by Funding at the end of the period by reference to which it is calculated.
Payment of Default Interest. Any amount of principal or interest on this Note which is not paid when due shall bear interest until such past due amount is paid at the rate that is the highest permissible non-usurious interest rate (the “Default Rate”).
Payment of Default Interest. Any interest which shall have accrued under Clause 12.2 (Default Interest) in respect of an Unpaid Sum shall be due and payable and shall be paid by the Obligor owing such Unpaid Sum on the last day of each Interest Period in respect thereof or on such other dates as the Agent may specify by notice to such Obligor.
Payment of Default Interest. Any Interest which shall have accrued under clause 18.2 above in respect of an Unpaid Sum shall be due and payable and shall be paid by the Borrower at the end of each Interest Period by reference to which it is calculated or on such other dates as the Banks may specify by written notice to the Borrower.
Payment of Default Interest. Any interest which shall have accrued under Clause 27.2 (Default Interest) in respect of an Unpaid Sum shall be due and payable and shall be paid by the Obligor owing such Unpaid Sum on the last day of each Interest Period in respect thereof or on such other dates as the Agent may specify (acting reasonably) by notice to such Obligor.
Payment of Default Interest. In the event that Y fails to perform any obligation owing to X relating to any Securities, etc. Clearing-Brokering Contract, Y shall, upon X's demand, pay to X default interest on the amount in default for the period from (and including) the date immediately following the due date thereof to (and including) the date of performance thereof at such rate as is specified by the Exchange.
Payment of Default Interest. Any interest which has accrued under clause 6.1 (Default Interest Periods) in respect of an Unpaid Sum shall be due and payable and shall be paid by the Obligor owing such Unpaid Sum on the last day of each Interest Period in respect thereof or on such other dates as the Agent may specify by notice to such Obligor or the Borrower (as the case may be).
