Common use of Default in payment of interest Clause in Contracts

Default in payment of interest. Default shall have been committed by the Company in the payment of any installment of interest on the Bonds and such default shall have continued for a period of thirty days.

Appears in 3 contracts

Sources: Bond Trust Deed, Bond Trust Deed, Bond Trust Deed

Default in payment of interest. Default shall have been committed by the Company in the payment of any installment instalment of interest on the Bonds Debenture and such default shall have continued for a period of thirty days.

Appears in 1 contract

Sources: Subscription Agreement (Sterlite Industries (India) LTD)