Common use of Unpaid Interest Clause in Contracts

Unpaid Interest. Interest not paid on any Interest Payment Date, including any interest deferred during any Extension Period, will accrue and compound at the from time to time then applicable interest rate (whether semi-annually at the Fixed Rate or quarterly at the Floating Rate, as the case may be). Subject to Section 2.5(a)(iii) and Section 2.5(b)(iii), such interest will accrue and compound to the date that it is actually paid.

Unpaid Interest. Interest not paid on any Interest Payment Date, including any interest deferred during any Extension Period, will accrue and compound at the from time to time then applicable interest rate (whether semi-annually at the Fixed Rate or quarterly at the Floating Rate, as the case may be). Subject to Section 2.5(a)(iii) and Section 2.5(b)(iii2.05(a)(iii), such interest will accrue and compound to the date that it is actually paid.