Common use of Default Interest and Indemnity Clause in Contracts

Default Interest and Indemnity. 48 PART 13 PAYMENTS.........................................................................................................50 28. Currency of Account and Payment.............................................................................50 29. Payments....................................................................................................50 30. Setoff......................................................................................................52 31. Sharing.....................................................................................................52 PART 14 FEES, COSTS AND EXPENSES.........................................................................................54

Default Interest and Indemnity. 48 Default Interest and Indemnity......................................50 PART 13 PAYMENTS.........................................................................................................50 2810 PAYMENTS 17. Currency of Account and Payment.............................................................................50 29.....................................52 18. Payments....................................................................................................50 30............................................................52 19. Setoff......................................................................................................52 31Set-off.............................................................54 20. Sharing.....................................................................................................52 .............................................................54 PART 14 FEES, COSTS AND EXPENSES.........................................................................................5411 AGENCY PROVISIONS