Default Interest and Indemnity. 17 17. Payments...............................................................18 18.
Default Interest and Indemnity. 25 18. Currency of Account and Payment........................................ 27 19. Payments............................................................... 27 20.
Default Interest and Indemnity. 15.1 If interest in respect of any Note which is due and payable by the Issuer hereunder is not paid on the due date therefor or if any sum due and payable by the Issuer under any judgment of any court in connection herewith is not paid on the date of such judgment, such sum (the balance thereof for the time being unpaid being herein referred to as an "unpaid sum") shall bear interest at the rate specified in Clause 14.1 beginning on such due date or, as the case may be, the date of such judgment and ending on the date upon which the obligation of the Issuer to pay is discharged.
Default Interest and Indemnity. 21.1 If any sum due and payable by either of the Obligors hereunder is not paid on the due date therefor in accordance with the provisions of Clause 23 or if any sum due and payable by either of the Obligors under any judgment of any court in connection herewith is not paid on the date of such judgment, the period beginning on such due date or, as the case may be, the date of such judgment and ending on the date upon which the obligation of such Obligor to pay such sum (the balance thereof for the time being unpaid being herein referred to as an "unpaid sum") is discharged shall be divided into successive periods, each of which (other than the first) shall start on the last day of the preceding such period and the duration of each of which shall (except as otherwise provided in this Clause 21) be selected by the Agent.
Default Interest and Indemnity. 23.1 If any sum due and payable by an Obligor hereunder is not paid on the due date therefor in accordance with the provisions of Clause 25 or if any sum other than a sum as previously referred to in this Clause 23.1 due and payable by such Obligor under any judgment of any court in connection herewith is not paid on the date of such judgment, the period beginning on such due date or, as the case may be, the date of such judgment and ending on the date upon which the obligation of such Obligor to pay such sum (the balance thereof for the time being unpaid being herein referred to as an "unpaid sum”) is discharged shall be divided into successive periods, each of which (other than the first) shall start on the last day of the preceding such period and the duration of each of which shall (except as otherwise provided in this Clause 23) be selected by the Agent having regard to the likely period of default.
Default Interest and Indemnity. 19.01 If any sum due and payable by the Borrower hereunder is not paid on the due date therefor in accordance with the provisions of Clause 21 or if any sum due and payable by the Borrower under any judgment of any court in connection herewith is not paid on the date of such judgment, the period beginning on such due date or, as the case may be, the date of such judgment and ending on the date upon which the obligation of the Borrower to pay such sum (the balance thereof for the time being unpaid being herein referred to as an "unpaid sum") is discharged, shall be divided into successive periods, each of which (other than the first) shall start on the last day of the preceding period and the duration of each of which shall be selected by the Bank.
Default Interest and Indemnity. 25 15. SET-OFF AND REDISTRIBUTION OF PAYMENTS . . . . . . . . . . . . . . . . . . . . 26 16.
Default Interest and Indemnity. (A) In the event of a failure of either of the Obligors to pay any sum other than interest on the date on which such sum is due and payable pursuant to this Agreement and irrespective of any notice by the Agent to such Obligor in respect of such failure, such Obligor shall pay interest on such sum on demand from the date of such failure up to the date of actual payment (as well after as before judgement) at the rate, increased by the Margin plus one per cent. (1 %), determined by the Agent to be the arithmetic mean (rounded upwards, if necessary, to the nearest multiple of one sixteenth of one per cent (1/16 %)) of the per annum rates, notified to the Agent by the Banks to be those at which deposits in the currency of the unpaid sum for such period as the Agent may select in its discretion (after consultation with the Banks) are offered to each Bank by prime banks in the Interbank Market for value two Business Days later as at 11:00 a.m. on the Business Day immediately succeeding that on which the Agent becomes aware of the failure and, so long as the failure continues, such rate shall be calculated on the same basis thereafter. Interest accruing under this paragraph shall be due and payable at the end of each period by reference to which it is calculated.
Default Interest and Indemnity. 19.1 If any sum due and payable by the Borrower hereunder is not paid on the due date or if any sum due and payable by the Borrower under any judgement of any court in connection herewith is not paid on the date of such judgement, the period beginning on such due date or, as the case may be, the date of such judgement and ending on the date upon which the obligation of the Borrower to pay such sum (the balance thereof for the time being unpaid being herein referred to as an "unpaid sum") is discharged shall be divided into successive periods, each of which (other than the first) shall start on the last day of the preceding such period and the duration of each of which be selected by the Lender.
Default Interest and Indemnity. 15.1 If any sum due and payable by the Borrower hereunder is not paid on the due date or if any sum due and payable by the Borrower under any judgement of any court in connection herewith is not paid on the date of such judgement, (the balance thereof for the time being unpaid being herein referred to as an "unpaid sum") the unpaid sum shall bear interest at the rate per annum which is the sum from time to time of two per cent, the Margin and the Prime Rate from time to time applicable thereto.
