Payment of Default Interest. Any interest which shall have accrued under CLAUSE 16.2 in respect of an unpaid sum shall be due and payable and shall be paid by Funding 2 at the end of the period by reference to which it is calculated.
Appears in 2 contracts
Sources: Master Intercompany Loan Agreement (Permanent Funding (No. 2) LTD), Master Intercompany Loan Agreement (Permanent Master Issuer PLC)
Payment of Default Interest. Any interest which shall have accrued under CLAUSE Clause 16.2 in respect of an unpaid sum shall be due and payable and shall be paid by Funding 2 at the end of the period by reference to which it is calculated.
Appears in 2 contracts
Sources: Loan Agreement (Permanent Funding (No. 2) LTD), Master Intercompany Loan Agreement (Permanent Funding (No. 2) LTD)
Payment of Default Interest. Any interest which shall have accrued under CLAUSE 16.2 in respect of an unpaid sum shall be due and payable and shall be paid by Funding 2 at the end of the period by reference to which it is calculated.
Appears in 1 contract
Sources: Master Intercompany Loan Agreement (Holmes Funding LTD)