Common use of Payment of Default Interest Clause in Contracts

Payment of Default Interest. Any interest which shall have accrued under Clause 17.2 (DEFAULT INTEREST) in respect of an unpaid sum shall be due and payable and shall be paid by the Borrowers at the end of the period by reference to which it is calculated or on such other dates as the Agent may specify by written notice to the Borrowers.

Appears in 2 contracts

Sources: Junior Facility Agreement (General Maritime Corp), Senior Facility Agreement (General Maritime Corp)

Payment of Default Interest. Any interest which shall have accrued under Clause 17.2 24.2 (DEFAULT INTERESTDefault Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrowers at Obligor owing such Unpaid Sum on the end last day of the period by reference to which it is calculated its Term in respect thereof or on such other dates as the Agent may specify by written notice to the Borrowerssuch Obligor.

Appears in 2 contracts

Sources: Credit Agreement (NTL Delaware Inc), Credit Agreement (NTL Inc/De/)

Payment of Default Interest. Any interest which shall have Interest on an Unpaid Sum accrued under Clause 17.2 (DEFAULT INTEREST) in respect of an unpaid sum clause 18.1 shall be due and payable and shall be paid by the Borrowers Borrower at the end of the period by reference to which it is calculated each Interest Period relating thereto or on such other dates date as the Agent relevant Lender may specify by written notice to the BorrowersBorrower.

Appears in 2 contracts

Sources: Commercial Subordinated Loan Agreement (Macquarie Infrastructure CO Trust), Commercial Subordinated Loan Agreement (Macquarie Infrastructure Assets Trust)

Payment of Default Interest. Any interest which shall have accrued under Clause 17.2 18.2 (DEFAULT INTERESTDefault Interest) in respect of an unpaid any sum shall be due and payable and shall be paid by the Borrowers Obligor owing such sum at the end of the period by reference to which it is calculated or on such other dates thereafter as the Agent may reasonably specify by written notice to the Borrowerssuch Obligor.

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Vnu N V)

Payment of Default Interest. Any interest which shall have accrued under Clause 17.2 28.2 (DEFAULT INTERESTDefault Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrowers at Obligor owing such Unpaid Sum on the end last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other dates as the Agent may specify by written notice to the Borrowerssuch Obligor.

Appears in 1 contract

Sources: Senior Credit Agreement (Transworld Healthcare Inc)

Payment of Default Interest. Any interest which shall have accrued under Clause 17.2 28.2 (DEFAULT INTERESTDefault Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrowers at Obligor owing such Unpaid Sum to the end Finance Parties to whom such Unpaid Sum is owed on the last day of the period by reference to which it is calculated its Interest Period in respect thereof or on such other dates as the Agent may specify by written notice to the Borrowerssuch Obligor.

Appears in 1 contract

Sources: Credit Agreement (NTL Inc/De/)

Payment of Default Interest. Any interest which shall have accrued under Clause 17.2 22.2 (DEFAULT INTEREST) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrowers at Obligor owing such Unpaid Sum on the end last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other dates as the Facility Agent may specify by written notice to the Borrowerssuch Obligor.

Appears in 1 contract

Sources: Bridge Facility Agreement (Koninklijke Numico Nv)

Payment of Default Interest. Any interest which shall have accrued under Clause 17.2 27.2 (DEFAULT INTEREST) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrowers at Obligor owing such Unpaid Sum on the end last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other dates as the Facility Agent may specify by written notice to the Borrowerssuch Obligor.

Appears in 1 contract

Sources: Multicurrency Credit Agreement (Koninklijke Numico Nv)

Payment of Default Interest. Any interest which shall have accrued under Clause 17.2 25.2 (DEFAULT INTERESTDefault Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrowers relevant Obligor at the end of the period by reference to which it is calculated or on such other date or dates as the Agent may specify by written notice to the Borrowerssuch Obligor.

Appears in 1 contract

Sources: Facility Agreement (Primacom Ag)

Payment of Default Interest. Any interest which shall have accrued under Clause 17.2 16.2 (DEFAULT INTERESTDefault Interest) in respect of an unpaid any sum shall be due and payable and shall be paid by the Borrowers Obligor owing such sum at the end of the period by reference to which it is calculated or on such other date or dates as the Facility Agent may specify by written notice to the Borrowerssuch Obligor.

Appears in 1 contract

Sources: Multicurrency Stand by Bridge Revolving Credit Agreement (Royal Ahold)

Payment of Default Interest. Any interest which shall have accrued under Clause 17.2 27.2 (DEFAULT INTERESTDefault Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrowers at Obligor owing such Unpaid Sum on the end last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other dates as the Agent may specify by written notice to the Borrowerssuch Obligor.

Appears in 1 contract

Sources: Credit Agreement (NTL Inc/De/)

Payment of Default Interest. Any interest which shall have accrued under Clause 17.2 22.2 (DEFAULT INTERESTDefault Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrowers at Obligor owing such Unpaid Sum on the end last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other dates as the Agent may specify by written notice to the Borrowerssuch Obligor.

Appears in 1 contract

Sources: Term Facility Agreement (Zindart LTD)