For Non. performance or improper performance by the Borrower of its obligations hereunder the Borrower shall pay to the Lender a penalty at the rate of 0.1% (zero point one per cent) per each day of delay calculated from the amount of the overdue interest payment and other overdue payments to the Lender.
Appears in 2 contracts
Samples: Loan Agreement (Gallagher Holdings LTD), Loan Agreement (Flero Services LTD)