Common use of Payment of Default Interest Clause in Contracts

Payment of Default Interest. Any interest which has accrued under clause 6.1 (Default Interest Periods) 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 or the Borrower (as the case may be).

Payment of Default Interest. Any interest which has shall have accrued under clause 6.1 Clause 27.2 (Default Interest PeriodsInterest) 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 (acting reasonably) by notice to such Obligor or the Borrower (as the case may be)Obligor.

Payment of Default Interest. Any interest which has shall have accrued under clause 6.1 Clause 6.2 (Default Interest PeriodsInterest) in respect of an Unpaid Sum shall be due and payable and shall be paid by the Obligor owing such Unpaid Sum Guarantor on the last day of each Interest Period in respect thereof or on such other dates as the Agent Security Trustee may specify by notice to such Obligor or the Borrower (as the case may be)Guarantor.

Payment of Default Interest. Any interest which has accrued under clause 6.1 19.2 (Default Interest PeriodsInterest) 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 Facility Agent may specify by notice to such Obligor or the Borrower Parent (as the case may be).