Common use of PAYMENT OF DEFAULT Clause in Contracts

PAYMENT OF DEFAULT. INTEREST Any interest which shall have accrued under Clause 25.2 (DEFAULT INTEREST) in respect of an Unpaid Sum shall be due and payable and shall be paid by the Obligor owing such Unpaid Sum 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 25.2 23.2 (DEFAULT INTEREST) in respect of an Unpaid Sum shall be due and payable and shall be paid by the Obligor owing such Unpaid Sum Borrower on the last day of each Interest Period in respect thereof its Term or on such other dates as the Facility Agent may specify by notice to such Obligorthe Borrower.

PAYMENT OF DEFAULT. INTEREST Any interest which shall have accrued under Clause 25.2 (DEFAULT INTERESTDefault Interest) in respect of an Unpaid Sum shall be due and payable and shall be paid by the Obligor owing such 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 25.2 24.2 (DEFAULT INTERESTDefault Interest) in respect of an Unpaid Sum shall be due and payable and shall be paid by the Obligor owing such Unpaid Sum on the last day of each Interest Period in respect thereof its Term 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 25.2 18.2 (DEFAULT INTEREST) in respect of an Unpaid Sum any sum shall be due and payable and shall be paid by the Obligor owing such Unpaid Sum on sum at the last day end of each Interest Period in respect thereof the period by reference to which it is calculated or on such other dates thereafter as the Agent may reasonably specify by written notice to such Obligor.