Common use of Payment of Default Interest Clause in Contracts

Payment of Default Interest. Any interest which shall have accrued under Clause 23.2 (Default Interest) in respect of an Unpaid Sum shall be due and payable and shall be paid by the Obligor owing such

Payment of Default Interest. Any interest which shall have accrued under Clause 23.2 27.2 (Default Interest) in respect of an Unpaid Sum shall be due and payable and shall be paid by the Obligor owing suchsuch Unpaid Sum on the last day of each Interest Period in respect thereof or on such other dates as the Agent may specify by notice to such Obligor.

Payment of Default Interest. Any interest which shall have accrued under Clause 23.2 28.2 (Default Interest) in respect of an Unpaid Sum shall be due and payable and shall be paid by the Obligor owing suchsuch Unpaid Sum to the Finance Parties to whom such Unpaid Sum is owed on the last day of its Interest Period in respect thereof or on such other dates as the Agent may specify by notice to such Obligor.