Rate of Default Interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Facility Agent to be 2 percent plus the Margin plus LIBOR for a period of 1 month (determined by the Facility Agent on the first Business Day of each calendar month).
Rate of Default Interest. If the Borrower fails to pay any sum payable under this Agreement when due, the following provisions shall apply:
Rate of Default Interest. The rate of interest applicable to an Unpaid Sum during an Interest Period relating thereto (both before and after judgment) shall be the percentage rate per annum which exceeds by one per cent. the rate which would have been applicable thereto had it been an Advance with a corresponding Interest Period Provided that the rate of interest applicable to an Unpaid Sum which is all or part of an Advance which became due and payable otherwise than on the last day of an Interest Period relating to that Advance shall, during the first Interest Period relating to that Unpaid Sum, be the percentage rate per annum which exceeds by one per cent. the rate applicable to that Advance immediately before it became so due and payable.
Rate of Default Interest. The rate of interest on each Unpaid Sum for each Interest Period will be the percentage rate per annum determined by the Bank in accordance with market practice to be the rate equal to the aggregate of the following:
(a) 2%.
(b) The Guarantee Commission Rate.
Rate of Default Interest. If the Borrower fails to pay any sum payable under this Agreement when due, the Borrower shall pay interest on such sum from and including the due date to the date of actual payment (after as well as before judgment) at the rate per annum determined by the Lender to be the aggregate of:
(a) three per cent (3%);
(b) the Margin; and
(c) LIBOR (as determined by the Lender on such date or dates on or after the due date for payment as the Lender may select) calculated with reference to such periods and such amounts as the Lender considers appropriate or, if any of the circumstances described in Clause 7.01 applies, the rate from time to time certified by the Lender (acting reasonably) to be the rate representing the cost to it of funding the unpaid sum by whatever means it considers to be appropriate.
Rate of Default Interest. Default interest shall be calculated and payable by reference to successive periods, each of which (other than the first, which shall begin on and include the due date) shall begin on the last day of the previous period. Each such period shall be of a duration selected by the Facility Agent or the relevant Lender from time to time and the rate of default interest applicable to a particular period shall be the rate per annum determined by the Facility Agent or the relevant Lender to be equal to the aggregate of 2% per annum, the greatest Margin applicable at that time and the cost to the Facility Agent or that Lender of funding the overdue amount.
Rate of Default Interest. The Default Interest rate will be 2 percentage points per annum above the index lending rate charged by Westpac Banking Corporation for the period involved and shall be calculated on a daily basis.
Rate of Default Interest. Interest payable under clause 17.1 shall be calculated and payable by reference to successive periods, each of which (other than the first, which shall begin on and include the due date) shall begin on the last day of the previous period. Each such period shall be of a duration selected by the Facility Agent (or other Finance Party) from time to time (provided that the duration of such period shall be not less than 30 days) and the rate of interest applicable for a particular period shall be the rate per annum determined by the Facility Agent to be equal to the aggregate of 2% per annum, the Margin then applicable in respect of the Facilities and the weighted average cost to the relevant Finance Party or Finance Parties (as the case may be) of funding the overdue sum.
Rate of Default Interest. Overdue principal and, to the extent permitted by applicable law, overdue interest in respect of the Advance and every other overdue amount payable by either Obligor pursuant to Finance Documents shall accrue interest from (and including) the date due until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be two percent plus the Margin plus LIBOR for a period of one month (determined by the Agent on the first Business Day of each calendar month).
Rate of Default Interest. If the Borrower fails to pay any sum payable under this Agreement when due, the Borrower shall pay interest on such sum from and including the due date to the date of actual payment (as well after as before judgment) at the rate per annum computed by the Lender to be the higher of :-
16.1.1 the rate of interest (if any) payable in respect of such sum immediately before the due date; or
16.1.2 the aggregate of (i) five percent (5%), (ii) the Margin and (iii) SIBOR calculated with reference to such periods and such amounts as the Lender may reasonably consider appropriate or, if Clause 7.1 applies, the rate from time to time certified by the Lender to be the rate representing the cost to it of funding the unpaid sum. For these purposes, SIBOR shall be determined by the Lender on such date or dates on or after the due date for payment as the Lender may reasonably select.
