Common use of Payment of Default Interest Clause in Contracts

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

Appears in 1 contract

Samples: Term Loan Agreement (Arco Chemical Co)

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Payment of Default Interest. Any interest which shall have accrued under Clause 18.2 20.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Obligor owing such unpaid sum at Unpaid Sum on the end last day of the period by reference to which it is calculated its Term or on such other dates as the Agent may specify by prior written notice to such Obligor.

Appears in 1 contract

Samples: Imc Global Inc

Payment of Default Interest. Any interest which shall have accrued under Clause 18.2 17.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Obligor owing such unpaid sum at 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 Agent may specify by written notice to such Obligor.

Appears in 1 contract

Samples: Validus Holdings LTD

Payment of Default Interest. Any interest which shall have accrued under Clause 18.2 20.1 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Obligor owing such unpaid sum at relevant Obligor, together with any Mandatory Liquid Asset Costs Rate in respect thereof on the end last day of the period by reference to which it is calculated each Term in respect thereof or on such other dates as the Agent may specify by written notice to such the relevant Obligor.

Appears in 1 contract

Samples: Confidentiality Agreement (Ace LTD)

Payment of Default Interest. Any interest which shall have accrued under Clause 18.2 22.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Obligor owing such unpaid sum at Unpaid Sum on the end last day of the period by reference to which it is calculated its Term or on such other dates as the Administrative Agent may specify by written notice to such Obligor.

Appears in 1 contract

Samples: Gulfmark Offshore Inc

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Payment of Default Interest. Any interest which shall have accrued under Clause 18.2 20.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Obligor owing such unpaid sum at 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 Agent may specify by written notice to such Obligor.

Appears in 1 contract

Samples: Agreement (Kronos International Inc)

Payment of Default Interest. Any interest which shall have accrued under Clause 18.2 20.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Obligor Borrower owing such unpaid sum at 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 Agent may specify by written notice to such Obligorthe Borrower.

Appears in 1 contract

Samples: HCC Insurance Holdings Inc/De/

Payment of Default Interest. Any interest which shall have accrued under Clause 18.2 17.2 (Default Interest) in respect of an unpaid any sum shall be due and payable and shall be paid by the 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 Facility Agent may specify by written notice to such Obligor.

Appears in 1 contract

Samples: Agreement (Royal Ahold)

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