Common use of Payment of Default Interest Clause in Contracts

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.

Appears in 2 contracts

Samples: Commercial Subordinated Loan Agreement (Macquarie Infrastructure Assets Trust), Commercial Subordinated Loan Agreement (Macquarie Infrastructure CO Trust)

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Payment of Default Interest. Interest on Any interest which shall have accrued under Clause 24.2 (Default Interest) in respect of an Unpaid Sum accrued under clause 18.1 shall be due and payable and shall be paid by the Borrower at Obligor owing such Unpaid Sum on the end last day of each Interest Period relating thereto its Term in respect thereof or on such other date dates as the relevant Lender Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 2 contracts

Samples: Credit Agreement (NTL Delaware Inc), Credit Agreement (NTL Inc/De/)

Payment of Default Interest. Interest on an Unpaid Sum accrued under clause 18.1 Clause 23.1 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 Agent may specify by written notice to the Borrower.

Appears in 2 contracts

Samples: Facility Agreement (Macquarie Infrastructure CO Trust), Facility Agreement (Macquarie Infrastructure Assets Trust)

Payment of Default Interest. Interest on an Unpaid Sum Any interest which shall have accrued under clause 18.1 Clause 17.2 (DEFAULT INTEREST) in respect of an unpaid sum shall be due and payable and shall be paid by the Borrower Borrowers at the end of each Interest Period relating thereto the period by reference to which it is calculated or on such other date dates as the relevant Lender Agent may specify by written notice to the BorrowerBorrowers.

Appears in 2 contracts

Samples: Junior Facility Agreement (General Maritime Corp), Senior Facility Agreement (General Maritime Corp)

Payment of Default Interest. Interest on Any interest which shall have accrued under Clause 25.2 (Default Interest) in respect of an Unpaid Sum accrued under clause 18.1 shall be due and payable and shall be paid by the Borrower relevant Obligor at the end of each Interest Period relating thereto the period by reference to which it is calculated or on such other date or dates as the relevant Lender Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 1 contract

Samples: Facility Agreement (Primacom Ag)

Payment of Default Interest. Interest on Any interest which shall have accrued under Clause 22.2 (Default Interest) in respect of an Unpaid Sum accrued under clause 18.1 shall be due and payable and shall be paid by the Borrower at Obligor owing such Unpaid Sum on the end last day of each Interest Period relating thereto in respect thereof or on such other date dates as the relevant Lender Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 1 contract

Samples: Term Facility Agreement (Zindart LTD)

Payment of Default Interest. Interest on Any interest which shall have accrued under Clause 27.2 (DEFAULT INTEREST) in respect of an Unpaid Sum accrued under clause 18.1 shall be due and payable and shall be paid by the Borrower at Obligor owing such Unpaid Sum on the end last day of each Interest Period relating thereto in respect thereof or on such other date dates as the relevant Lender Facility Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Koninklijke Numico Nv)

Payment of Default Interest. Interest on an Unpaid Sum Any interest which shall have accrued under clause 18.1 Clause 18.2 (Default Interest) in respect of any sum shall be due and payable and shall be paid by the Borrower Obligor owing such sum at the end of each Interest Period relating thereto the period by reference to which it is calculated or on such other date dates thereafter as the relevant Lender Agent may reasonably specify by written notice to the Borrowersuch Obligor.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Vnu N V)

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Payment of Default Interest. Interest on an Unpaid Sum Any interest which shall have accrued under clause 18.1 Clause 16.2 (Default Interest) in respect of any sum shall be due and payable and shall be paid by the Borrower Obligor owing such sum at the end of each Interest Period relating thereto the period by reference to which it is calculated or on such other date or dates as the relevant Lender Facility Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 1 contract

Samples: Multicurrency Stand by Bridge Revolving Credit Agreement (Royal Ahold)

Payment of Default Interest. Interest on Any interest which shall have accrued under Clause 27.2 (Default Interest) in respect of an Unpaid Sum accrued under clause 18.1 shall be due and payable and shall be paid by the Borrower at Obligor owing such Unpaid Sum on the end last day of each Interest Period relating thereto in respect thereof or on such other date dates as the relevant Lender Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 1 contract

Samples: Credit Agreement (NTL Inc/De/)

Payment of Default Interest. Interest on Any interest which shall have accrued under Clause 28.2 (Default Interest) in respect of an Unpaid Sum accrued under clause 18.1 shall be due and payable and shall be paid by the Borrower at Obligor owing such Unpaid Sum on the end last day of each Interest Period relating thereto in respect thereof or on such other date dates as the relevant Lender Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 1 contract

Samples: Senior Credit Agreement (Transworld Healthcare Inc)

Payment of Default Interest. Interest on Any interest which shall have accrued under Clause 22.2 (DEFAULT INTEREST) in respect of an Unpaid Sum accrued under clause 18.1 shall be due and payable and shall be paid by the Borrower at Obligor owing such Unpaid Sum on the end last day of each Interest Period relating thereto in respect thereof or on such other date dates as the relevant Lender Facility Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 1 contract

Samples: Bridge Facility Agreement (Koninklijke Numico Nv)

Payment of Default Interest. Interest on Any interest which shall have accrued under Clause 28.2 (Default Interest) in respect of an Unpaid Sum accrued under clause 18.1 shall be due and payable and shall be paid by the Borrower at Obligor owing such Unpaid Sum to the end Finance Parties to whom such Unpaid Sum is owed on the last day of each its Interest Period relating thereto in respect thereof or on such other date dates as the relevant Lender Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 1 contract

Samples: Credit Agreement (NTL Inc/De/)

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