Common use of Payment of default interest on overdue amounts Clause in Contracts

Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower under any Finance Document which the Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:

Appears in 8 contracts

Samples: Deed of Amendment and Restatement (Capital Product Partners L.P.), Amending and Restating Agreement (GasLog Partners LP), Loan Agreement (Scorpio Tankers Inc.)

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Payment of default interest on overdue amounts. The Borrower Borrowers shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower Borrowers under any Finance Document which the Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:

Appears in 3 contracts

Samples: Amending and Restating Deed (Global Ship Lease, Inc.), Loan Agreement (Diana Shipping Inc.), Second Amending and Restating Deed (Global Ship Lease, Inc.)

Payment of default interest on overdue amounts. The Borrower Borrowers shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower Borrowers under any Finance Document which the Agent, the Security Trustee or the other designated payee relevant Creditor Party does not receive on or before the relevant date, that is:

Appears in 2 contracts

Samples: Amending and Restating Agreement (TBS International PLC), Amending and Restating Agreement (TBS International PLC)

Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 6.4 on any amount payable by the Borrower under any Finance Document which the Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:: the date on which the Finance Documents provide that such amount is due for payment; or

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Holdings Inc.)

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Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 (Default Interest) on any amount payable by the Borrower under any Finance Document which the Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 6 on any amount payable by the Borrower under any Finance Document which the Agent, the Security Trustee Lender or the other designated payee does not receive on or before the relevant date, that is:

Appears in 1 contract

Samples: Loan Agreement (Product Shipping Ltd.)

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