Common use of Rate of default interest Clause in Contracts

Rate of default interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Facility Agent to be 2 percent plus the Margin plus LIBOR for a period of 1 month (determined by the Facility Agent on the first Business Day of each calendar month).

Rate of default interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Facility Agent to be 2 percent plus the Margin plus LIBOR LlBOR for a period of 1 month (determined by the Facility Agent on the first Business Day of each calendar month).

Rate of default interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Facility Agent to be 2 percent plus per cent, above: (a) in the Margin plus LIBOR for a period case of 1 month an overdue amount of principal, the higher of the rates set out at Clauses 7.3(a) and (determined by b); or (b) in the Facility Agent on case of any other overdue amount, the first Business Day of each calendar monthrate set out at Clause 7.3(b).

Rate of default interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Facility Agent to be 2 2.00 percent plus the applicable Margin plus LIBOR LlBOR for a period of 1 month (determined by the Facility Agent on the first Business Day of each calendar month).

Rate of default interest. Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Facility Agent to be 2 percent plus per cent. above: (a) in the Margin plus LIBOR for a period case of 1 month an overdue amount of principal, the higher of the rates set out at Clauses 7.3(a) and (determined by b); or (b) in the Facility Agent on case of any other overdue amount, the first Business Day of each calendar monthrate set out at Clause 7.3(b).