Common use of Late Payment Clause in Contracts

Late Payment. If the Issuer for any reason fails to redeem the Notes when due, interest shall continue to accrue on the outstanding amount from (and including) the due date to (but excluding) the date of actual redemption of the Notes at a rate of 12.00% per annum. Claims for further damages in case of late payment are not excluded.

Appears in 4 contracts

Samples: Anleihebedingungen, Anleihebedingungen, Anleihebedingungen