Payment of Default Interest. Any interest which shall have accrued under Clause 12.2 (Default Interest) in respect of an Unpaid Sum shall be due and payable and shall be paid by the Obligor owing such Unpaid Sum on the last day of each Interest Period in respect thereof or on such other dates as the Agent may specify by notice to such Obligor.
Appears in 2 contracts
Sources: Facility Agreement (Kronos International Inc), Facility Agreement (Kronos International Inc)
Payment of Default Interest. Any interest which shall have accrued under Clause 12.2 (Default Interest) in respect respect of an Unpaid Sum shall be due and payable and shall be paid by the Obligor Obligor owing such Unpaid Sum on the last day of each Interest Period in respect thereof or on such other dates as the Agent may specify by notice to such ObligorObligor.
Appears in 2 contracts
Sources: Third Amendment Agreement (Kronos International Inc), Second Amendment Agreement (Kronos International Inc)
Payment of Default Interest. Any interest which shall have accrued under Clause 12.2 22.2 (Default Interest) in respect respect of an Unpaid Sum shall be due and payable and shall be paid by the Obligor Obligor owing such Unpaid Sum on the last day of each Interest Period in respect thereof its Term or on such other dates as the Administrative Agent may specify by notice to such ObligorObligor.
Appears in 1 contract
Sources: Multicurrency Revolving Loan Agreement (Gulfmark Offshore Inc)
Payment of Default Interest. Any interest which shall have accrued under Clause 12.2 20.2 (Default Interest) in respect respect of an Unpaid Sum shall be due and payable and shall be paid by the Obligor Obligor owing such Unpaid Sum on the last day of each Interest Period in respect thereof or on such other dates as the Agent may specify by notice to such ObligorObligor.
Appears in 1 contract
Sources: Third Amendment Agreement (Kronos International Inc)
Payment of Default Interest. Any interest which shall have accrued under Clause 12.2 12.2 (Default Interest) in respect respect of an Unpaid Sum shall be due and payable and shall be paid by the Obligor Obligor owing such Unpaid Sum on the last day of each Interest Period in respect thereof or on such other dates as the Agent may specify by notice to such ObligorObligor.
Appears in 1 contract
Sources: Fifth Amendment Agreement (Kronos International Inc)
Payment of Default Interest. Any interest which shall have accrued under Clause 12.2 11.2 (Default Interest) in respect respect of an Unpaid Sum shall be due and payable and shall be paid by the Obligor Obligor owing such Unpaid Sum on the last day of each Interest Period in respect thereof or on such other dates as the Agent may specify by notice to such ObligorObligor.
Appears in 1 contract