Common use of Default in payment of interest Clause in Contracts

Default in payment of interest. Default has been committed by the Borrower in payment of any instalment of interest on the Loan and such default has continued for a period of thirty days after becoming due.

Appears in 2 contracts

Sources: Loan Agreement, Loan Agreement

Default in payment of interest. Default has been committed by the Borrower in payment of any instalment installment of interest on the Loan and such default has continued for a period of thirty days after becoming duedays.

Appears in 2 contracts

Sources: Loan Agreement (Videocon D2h LTD), Loan Agreement (Videocon D2h LTD)

Default in payment of interest. Default has been committed by the Borrower in payment of any instalment of interest on the Loan and such default has continued for a period of thirty days after becoming duedays.

Appears in 2 contracts

Sources: Loan Agreement (Videocon D2h LTD), Loan Agreement (Videocon D2h LTD)

Default in payment of interest. Default has been committed by the Borrower in payment of any instalment of interest on the Loan Loans and such default has continued for a period of thirty days after becoming duedays.

Appears in 1 contract

Sources: Loan Agreement (Seec Inc)