Default Fee. If CEMEX fails to pay any amount when due hereunder, whether of the Base Deferral Fee or otherwise, and whether due to acceleration or otherwise, CEMEX shall pay to the Seller a fee (the "Default Fee") on such amount for each day such past due amount remains unpaid, payable on demand, at the rate equal to the sum of (i) the Base Deferral Fee Rate, plus (ii) two percent (2%) per annum.
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Sources: Stock Purchase Agreement (Cemex Sa De Cv), Stock Purchase Agreement (Cemex Sa De Cv)
Default Fee. If CEMEX fails to pay any amount when due hereunder, whether of the Base Deferral Fee or otherwise, and whether due to acceleration or otherwise, CEMEX shall pay to the Seller a fee (the "Default Fee") on such amount for each day such past due amount remains unpaid, payable on demand, at the rate equal to the sum of (i) the Base Deferral Fee Rate, plus (ii) two percent (2%) per annum.. sjdc-1278732.4 7
Appears in 1 contract