Common use of Payment of Default Interest Clause in Contracts

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.

Appears in 10 contracts

Samples: Loan Agreement (Wimm Bill Dann Foods Ojsc), Loan Agreement (Open Joint Stock Co Vimpel Communications), Loan Agreement (Open Joint Stock Co Vimpel Communications)

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Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 28.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at Obligor owing such Unpaid Sum on the end last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other dates as the Lender Facility Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 3 contracts

Samples: Credit Agreement (Comple Tel Europe Nv), Credit Agreement (Comple Tel LLC), Loan Agreement (Getronics N V)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 18.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at Obligor owing such Unpaid Sum on the end last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other dates as the Lender Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 3 contracts

Samples: Amendment and Restatement Agreement (Validus Holdings LTD), Amendment and Restatement Agreement (Validus Holdings LTD), Amendment and Restatement Agreement (Validus Holdings LTD)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 22.1 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at relevant Obligor, together with any Mandatory Costs in respect thereof on the end last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other dates as the Lender Agent may specify by written notice to the Borrowerrelevant Obligor.

Appears in 3 contracts

Samples: Credit Agreement (Ace LTD), Credit Agreement (Ace LTD), Credit Agreement (Ace LTD)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 19.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at owing the end Unpaid Sum on the last day of the period by reference to which it is calculated each Term in respect thereof or on such other dates as the Lender Agent may specify by written notice to the Borrower.

Appears in 2 contracts

Samples: $90,000,000 Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/), Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 18.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at on the end last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other dates as the Lender Agent may specify by written notice to the Borrower.

Appears in 2 contracts

Samples: Term Loan Agreement, Term Loan Agreement

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 clause 19.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at owing the end Unpaid Sum on the last day of the period by reference to which it is calculated each Term in respect thereof or on such other dates as the Lender Agent may specify by written notice to the Borrower.

Appears in 2 contracts

Samples: Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/), Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 19.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at on the end last day of the period by reference to which it is calculated its Term or on such other dates as the Lender may specify by written notice to the Borrower.

Appears in 1 contract

Samples: Revolving Facility Agreement (Ansaldo Signal Nv)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 30.2 (Default Interest) in respect of an unpaid sum shall be due and payable and shall be paid by the Borrower Obligor owing such unpaid sum at the end of the period by reference to which it is calculated or on such other date or dates as the Lender relevant Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Capital One Financial Corp)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 23.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at Obligor owing such Unpaid Sum on the end last day of the period by reference to which it is calculated its Interest Period in respect thereof or on such other dates as the Lender Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 1 contract

Samples: Credit Agreement (NTL Inc)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 12.7 (Default Interestinterest) 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.

Appears in 1 contract

Samples: Loan Agreement

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 22.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at on the end last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other dates as the Lender Facility Agent may specify by written notice to the Borrower.

Appears in 1 contract

Samples: Facility Agreement (Micron Technology Inc)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 21.2 (Default Interest) in respect of an unpaid sum shall be due and payable and shall be paid by the Borrower Obligor owing such unpaid sum 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 Borrowercalculated.

Appears in 1 contract

Samples: Facility Agreement (Adt Limited)

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Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 23.2 (Default Interest) in respect of an unpaid sum shall be due and payable and shall be paid by the Borrower owing such unpaid sum at the end of the period by reference to which it is calculated or on such other date or dates as the Lender Bank may specify by written notice to the Borrower.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Capital One Financial Corp)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 18.2 (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 Agent may specify by written notice to the Borrower.

Appears in 1 contract

Samples: Revolving Loan Agreement (Teekay Shipping Corp)

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 Agent may specify by written notice to the Borrower.

Appears in 1 contract

Samples: Revolving Loan Agreement (Teekay Shipping Corp)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 (Default Interest) clause 15.2 above in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at the end of the period each Interest Period by reference to which it is calculated or on such other dates as the Lender Bank may specify by written notice to the Borrower.

Appears in 1 contract

Samples: Restructuring Agreement (Lumenis LTD)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 26.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at Obligor owing such Unpaid Sum on the end last day of the period by reference to which it is calculated or on such other dates as notified by the Lender may specify by written notice Parent to the BorrowerBank.

Appears in 1 contract

Samples: Multicurrency Term Facility Agreement (London Pacific Group LTD)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 17.2 (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 Borrowercalculated.

Appears in 1 contract

Samples: Revolving Facility Agreement (Central European Media Enterprises LTD)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 17.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at Obligor owing such Unpaid Sum on the end last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other dates as the Lender Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 1 contract

Samples: Standby Letter of Credit Facility Agreement (Validus Holdings LTD)

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