Common use of Payment of Default Interest Clause in Contracts

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. Any interest which shall have accrued under Clause 15.2 (Default interest) 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 or on such other date or dates as the Security Trustee may specify by written notice to Fundingcalculated.

Payment of Default Interest. Any interest which shall have accrued under Clause 15.2 16.2 (Default interest) in respect of an unpaid sum shall be due and payable and shall be paid by Funding 2 at the end of the period by reference to which it is calculated or on such other date or dates as the Funding 2 Security Trustee may specify by written notice to FundingFunding 2.

Payment of Default Interest. Any interest which shall have accrued under Clause 15.2 (Default interest) 16.2 in respect of an unpaid sum shall be due and payable and shall be paid by Funding 1 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 Fundingcalculated.

Payment of Default Interest. Any interest which shall have accrued under Clause 15.2 12.2 (Default interestInterest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by Funding at the end Obligor owing such Unpaid Sum on the last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other date or dates as the Security Trustee Agent may specify by written notice to Fundingsuch Obligor.

Payment of Default Interest. Any interest which shall have accrued under Clause 15.2 12.2 (Default interestInterest) in respect re­spect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by Funding at the end Obli­gor owing such Unpaid Sum on the last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other date or dates as the Security Trustee Agent may specify by written notice to Fundingsuch Obli­gor.

Payment of Default Interest. Any interest which shall have accrued under Clause 15.2 17.2 (Default interest) in respect of an unpaid sum shall be due and payable and shall be paid by Funding 2 at the end of the period by reference to which it is calculated or on such other date or dates as the Funding 2 Security Trustee may specify by written notice to FundingFunding 2.

Payment of Default Interest. Any interest which shall have accrued under Clause 15.2 11.2 (Default interestInterest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by Funding at the end Obligor owing such Unpaid Sum on the last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other date or dates as the Security Trustee Agent may specify by written notice to Fundingsuch Obligor.

Payment of Default Interest. Any interest which shall have accrued under Clause 15.2 ‎12.2 (Default interestInterest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by Funding at the end Obligor owing such Unpaid Sum on the last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other date or dates as the Security Trustee Agent may specify by written notice to Fundingsuch Obligor.