Common use of Past Due Interest Clause in Contracts

Past Due Interest. Overdue payments of principal (and to the extent permitted by applicable law, past due payments of interest and other amounts due under the Operative Documents) shall bear interest at the Past Due Rate, payable on demand.

Past Due Interest. Overdue payments of principal of any Tranche and Type of Loan (and to the extent permitted by applicable law, past due payments of interest and other amounts due under the Operative Documents) shall bear interest at the Past Due Rate, payable on demand.