Common use of Payment of Default Interest Clause in Contracts

Payment of Default Interest. Any Interest which shall have accrued under clause 18.2 above in respect of an Unpaid Sum shall be due and payable and shall be paid by the Borrower at the end of each Interest Period by reference to which it is calculated or on such other dates as the Banks may specify by written notice to the Borrower.

Payment of Default Interest. Any Interest interest which shall have accrued under clause 18.2 above Clause 10.1 (Default Interest) in respect of an Unpaid Sum unpaid sum shall be due and payable and shall be paid by the Borrower Borrowers owing such unpaid sum at the end of each Interest Period the period by reference to which it is calculated or on such other dates as the Banks Bank may specify by written notice to the BorrowerBorrowers.

Payment of Default Interest. Any Interest interest which shall have accrued under clause 18.2 above Clause 10.1 (Default Interest) in respect of an Unpaid Sum unpaid sum shall be due and payable and shall be paid by the Borrower xxxxxx such unpaid sum at the end of each Interest Period the period by reference to which it is calculated or on such other dates as the Banks Bank may specify by written notice to the Borrower.

Payment of Default Interest. Any Interest interest which shall have accrued under clause 18.2 above Clause 20.2 (Default Interest) in respect of an Unpaid Sum shall be due and payable and shall be paid by the Borrower at on demand of the end of each Interest Period by reference to which it is calculated or on such other dates as the Banks may specify by written notice to the BorrowerBank.

Payment of Default Interest. Any Interest which shall have accrued under clause 18.2 12.2 above in respect of an Unpaid Sum shall be due and payable and shall be paid by the Borrower at the end of each Interest Period by reference to which it is calculated or on such other dates as the Banks TIC may specify by written notice to the Borrower.