Common use of Interest on Overdue Amounts Clause in Contracts

Interest on Overdue Amounts. If the Issuer shall default in the payment of (i) the unpaid principal balance of any Series 2009-1 Notes on the Series 2009-1 Legal Final Maturity Date, (ii) the Series 2009-1 Interest Payment on any Series 2009-1 Note when due, or (iii) following the acceleration of the Series 2009-1 Notes in accordance with the terms of the Indenture or any other amount owing under the Indenture not covered in clauses (i) and (ii) which is not paid when due, the Issuer shall, from time to time, pay interest on such unpaid amounts, to the extent permitted by Applicable Law, to, but not including, the date of actual payment (after as well as before judgment), at a rate per annum equal to the Default Rate, for the period during which such principal, interest or other amount shall be unpaid from the due date of such payment to but not including the date of actual payment thereof. All Default Fees shall be payable at the times and subject to the priorities set forth in Section 302 hereof.

Appears in 2 contracts

Samples: Tal Advantage (TAL International Group, Inc.), Indenture (TAL International Group, Inc.)

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Interest on Overdue Amounts. If the Issuer shall default in the payment of (i) the unpaid principal balance Series 2012-1 Note Principal Balance of any Series 20092012-1 Notes Note on the Series 20092012-1 Legal Final Maturity Payment Date, or (ii) the Series 20092012-1 Note Interest Payment on any Series 20092012-1 Note when dueon any Payment Date, or (iii) following all other amount becoming due under this Supplement on the acceleration Series 2012-1 Legal Final Payment Date or any earlier date on which of the Series 20092012-1 Notes have been accelerated in accordance with the terms Section 802 of the Indenture or any other amount owing under the Indenture not covered in clauses (i) and (ii) which is not paid when dueIndenture, the Issuer shall, from time to time, pay interest on such unpaid amounts, to the extent permitted by Applicable Law, to, but not including, the date of actual payment (after as well as before judgment), at a rate per annum equal to the Default Overdue Rate, for the period during which such principal, interest or other amount shall be unpaid from the due date of such payment to but not including the date of actual payment thereofthereof (after as well as before judgment). All Default Fees Interest shall be payable at the times and subject to the priorities set forth in Section 302 303 hereof.

Appears in 1 contract

Samples: Management Agreement (Textainer Group Holdings LTD)

Interest on Overdue Amounts. If the Issuer shall default in the payment of (i) the unpaid principal balance of any Series 20092008-1 Notes on the Series 20092008-1 Legal Final Maturity Date, (ii) the Series 20092008-1 Interest Payment on any Series 20092008-1 Note when due, or (iii) following the acceleration of the Series 20092008-1 Notes in accordance with the terms of the Indenture or Indenture, any other amount owing under the Indenture not covered in clauses (i) and (ii) which is not paid when due, the Issuer shall, from time to time, pay interest on such unpaid amounts, to the extent permitted by Applicable Law, to, but not including, the date of actual payment (after as well as before judgment), at a rate per annum equal to the Default Rate, for the period during which such principal, interest or other amount shall be unpaid from the due date of such payment to but not including the date of actual payment thereof. All Default Fees shall be payable at the times and subject to the priorities set forth in Section 302 hereof.

Appears in 1 contract

Samples: Indenture (TAL International Group, Inc.)

Interest on Overdue Amounts. If the Issuer shall default in the payment of (i) the unpaid principal balance of any Series 20092011-1 Notes on the Series 20092011-1 Legal Final Maturity Date, (ii) the Series 20092011-1 Interest Payment on any Series 20092011-1 Note when due, or (iii) following the acceleration of the Series 20092011-1 Notes in accordance with the terms of the Indenture or any other amount owing under the Indenture not covered in clauses (i) and (ii) which is not paid when due, the Issuer shall, from time to time, pay interest on such unpaid amounts, to the extent permitted by Applicable Law, to, but not including, the date of actual payment (after as well as before judgment), at a rate per annum equal to the Default Rate, for the period during which such principal, interest or other amount shall be unpaid from the due date of such payment to but not including the date of actual payment thereof. All Default Fees shall be payable at the times and subject to the priorities set forth in Section 302 hereof.

Appears in 1 contract

Samples: TAL International Group, Inc.

Interest on Overdue Amounts. If the Issuer shall default in the payment when due of (i) the unpaid principal balance of any Series 20092001-1 Notes on the Series 20092001-1 Legal Final Maturity Date, or (ii) the Series 2009-1 Class A Note Interest Payment on any Series 20092001-1 Note when due, or (iii) following the acceleration of the Series 2009-1 Notes in accordance with the terms of the Indenture or any other amount owing becoming due under the Indenture not covered in clauses (i) and (ii) which is not paid when duethis Supplement, the Issuer shall, pursuant to Section 302 hereof, from time to time, time pay interest (the incremental interest payable in excess of the interest otherwise payable, "Default Interest") on such unpaid amounts, to the extent permitted by Applicable Lawapplicable law, to, but not including, the date of actual payment (after as well as before judgment), at a rate per annum equal to the Default Overdue Rate, for the period during which such principal, interest or other amount shall be unpaid from the due date of such payment to but not including the date of actual payment thereof. All Any such Default Fees Interest shall be payable at the times and subject to the priorities set forth in Section 302 hereofof this Supplement.

Appears in 1 contract

Samples: BRL Universal Equipment Corp

Interest on Overdue Amounts. If the Issuer shall default in the payment of (i) the unpaid principal balance of any Series 20092010-1 2 Notes on the Series 20092010-1 2 Legal Final Maturity Date, (ii) the Series 20092010-1 2 Note Interest Payment on any Series 20092010-1 2 Note when due, or (iii) following the acceleration of the Series 20092010-1 2 Notes in accordance with the terms of the Indenture or Indenture, any other amount owing under the Indenture not covered in clauses (i) and (ii) which is not paid when due, the Issuer shall, shall from time to time, pay interest on such unpaid amounts, to the extent permitted by Applicable Law, to, but not including, the date of actual payment (after as well as before judgment), at a rate per annum equal to the interest rate otherwise applicable thereto plus the Default Rate, for the period during which such principal, interest or other amount shall be unpaid from the due date of such payment to to, but not including including, the date of actual payment thereof. All Any such Default Fees shall be payable at the times and subject to the priorities set forth in Section 302 303 hereof.

Appears in 1 contract

Samples: TAL International Group, Inc.

Interest on Overdue Amounts. If the Issuer shall default in the payment of (i) the unpaid principal balance of any Series 20092006-1 Notes on the Series 20092006-1 Legal Final Maturity Date, (ii) the Series 20092006-1 Note Interest Payment on any Series 20092006-1 Note when due, or (iii) following the acceleration of the Series 20092006-1 Notes in accordance with the terms of the Indenture or Indenture, any other amount owing under the Indenture not covered in clauses (i) and (ii) which is not paid when due, the Issuer shall, shall from time to time, pay interest on such unpaid amounts, to the extent permitted by Applicable Law, to, but not including, the date of actual payment (after as well as before judgment), at a rate per annum equal to the Default Rate, for the period during which such principal, interest or other amount shall be unpaid from the due date of such payment to to, but not including including, the date of actual payment thereof. All Any such Default Fees shall be payable at the times and subject to the priorities set forth in Section 302 303 hereof.

Appears in 1 contract

Samples: TAL International Group, Inc.

Interest on Overdue Amounts. If the Issuer shall default in the payment of (i) the unpaid principal balance of any Series 2009-1 Notes on the Series 2009-1 Legal Final Maturity Date, (ii) the Series 2009-1 Interest Payment on any Series 2009-1 Note when due, or (iii) following the acceleration of the Series 2009-1 Notes in accordance with the terms of the Indenture or any other amount owing under the Indenture not covered in clauses (i) and (ii) which is not paid when due, the Issuer shall, from time to time, pay interest on such unpaid amounts, to the extent permitted by Applicable Law, to, but not including, the date of actual payment (after as well as before judgment), at a rate per annum equal to the Default Rate, for the period during which such principal, interest or other amount shall be unpaid from the due date of such payment to but not including the date of actual payment thereof. All Default Fees shall be payable at the times and subject to the priorities set forth in Section 302 hereof.

Appears in 1 contract

Samples: TAL International Group, Inc.

Interest on Overdue Amounts. If the Issuer shall default in the payment of (i) the unpaid principal balance of any Series 20092011-1 2 Notes on the Series 20092011-1 2 Legal Final Maturity Date, (ii) the Series 20092011-1 2 Note Interest Payment on any Series 20092011-1 2 Note when due, or (iii) following the acceleration of the Series 20092011-1 2 Notes in accordance with the terms of the Indenture or Indenture, any other amount owing under the Indenture not covered in clauses (i) and (ii) which is not paid when due, the Issuer shall, shall from time to time, pay interest on such unpaid amounts, to the extent permitted by Applicable Law, to, but not including, the date of actual payment (after as well as before judgment), at a rate per annum equal to the interest rate otherwise applicable thereto plus the Default Rate, for the period during which such principal, interest or other amount shall be unpaid from the due date of such payment to to, but not including including, the date of actual payment thereof. All Any such Default Fees shall be payable at the times and subject to the priorities set forth in Section 302 303 hereof.

Appears in 1 contract

Samples: TAL International Group, Inc.

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Interest on Overdue Amounts. If the Issuer shall default in the payment of (i) the unpaid principal balance of any Series 20092011-1 Notes on the Series 20092011-1 Legal Final Maturity Date, (ii) the Series 20092011-1 Note Interest Payment on any Series 20092011-1 Note when due, or (iii) following the acceleration of the Series 20092011-1 Notes in accordance with the terms of the Indenture or Indenture, any other amount owing under the Indenture not covered in clauses (i) and (ii) which is not paid when due, the Issuer shall, shall from time to time, pay interest on such unpaid amounts, to the extent permitted by Applicable Law, to, but not including, the date of actual payment (after as well as before judgment), at a rate per annum equal to the interest rate otherwise applicable thereto plus the Default Rate, for the period during which such principal, interest or other amount shall be unpaid from the due date of such payment to to, but not including including, the date of actual payment thereof. All Any such Default Fees shall be payable at the times and subject to the priorities set forth in Section 302 303 hereof.

Appears in 1 contract

Samples: Tal Advantage (TAL International Group, Inc.)

Interest on Overdue Amounts. If the Issuer shall default in the payment of (i) the unpaid principal balance of any Series 20092012-1 Notes on the Series 20092012-1 Legal Final Maturity Date, (ii) the Series 20092012-1 Note Interest Payment on any Series 20092012-1 Note when due, or (iii) following the acceleration of the Series 20092012-1 Notes in accordance with the terms of the Indenture or Indenture, any other amount owing under the Indenture not covered in clauses (i) and (ii) which is not paid when due, the Issuer shall, shall from time to time, pay interest on such unpaid amounts, to the extent permitted by Applicable Law, to, but not including, the date of actual payment (after as well as before judgment), at a rate per annum equal to the interest rate otherwise applicable thereto plus the Default Rate, for the period during which such principal, interest or other amount shall be unpaid from the due date of such payment to to, but not including including, the date of actual payment thereof. All Any such Default Fees shall be payable at the times and subject to the priorities set forth in Section 302 303 hereof.

Appears in 1 contract

Samples: Purchase Agreement (TAL International Group, Inc.)

Interest on Overdue Amounts. If the Issuer shall default in the payment of (i) the unpaid principal balance of any Series 20092005-1 Notes on the Series 20092005-1 Legal Final Maturity Date, (ii) the Series 20092005-1 Interest Payment on any Series 20092005-1 Note when due, or (iii) following the acceleration of the Series 20092005-1 Notes in accordance with the terms of the Indenture or Indenture, any other amount owing under the Indenture not covered in clauses (i) and (ii) which is not paid when due, the Issuer shall, from time to time, pay interest on such unpaid amounts, to the extent permitted by Applicable Law, to, but not including, the date of actual payment (after as well as before judgment), at a rate per annum equal to the Default Rate, for the period during which such principal, interest or other amount shall be unpaid from the due date of such payment to but not including the date of actual payment thereof. All Default Fees shall be payable at the times and subject to the priorities set forth in Section 302 hereof.

Appears in 1 contract

Samples: Indenture (TAL International Group, Inc.)

Interest on Overdue Amounts. If the Issuer shall default in the payment of (i) the unpaid principal balance of any Series 20092010-1 Notes on the Series 20092010-1 Legal Final Maturity Date, (ii) the Series 20092010-1 Note Interest Payment on any Series 20092010-1 Note when due, or (iii) following the acceleration of the Series 20092010-1 Notes in accordance with the terms of the Indenture or Indenture, any other amount owing under the Indenture not covered in clauses (i) and (ii) which is not paid when due, the Issuer shall, shall from time to time, pay interest on such unpaid amounts, to the extent permitted by Applicable Law, to, but not including, the date of actual payment (after as well as before judgment), at a rate per annum equal to the interest rate otherwise applicable thereto plus the Default Rate, for the period during which such principal, interest or other amount shall be unpaid from the due date of such payment to to, but not including including, the date of actual payment thereof. All Any such Default Fees shall be payable at the times and subject to the priorities set forth in Section 302 303 hereof.

Appears in 1 contract

Samples: Purchase Agreement (TAL International Group, Inc.)

Interest on Overdue Amounts. If the Issuer shall default in the payment when due of (i) the unpaid principal balance Note Principal Balance of any Series 20092006-1 Notes 2 Notes, or any portion thereof, on the Series 20092006-1 2 Legal Final Maturity Date, Date or (ii) the Series 2009-1 Note Interest Payment on any Series 20092006-1 2 Note when dueon any Payment Date, or (iii) following the acceleration of the Series 2009-1 Notes in accordance with the terms of the Indenture or any other amount owing becoming due under the Indenture not covered in clauses this Supplement (iincluding, without limitation, Sections 204(b), 204(c), 205(c), 206, 207, and 208 hereof) and (ii) which is not paid when due, the Issuer shall, pursuant to Section 302 hereof, from time to time, time pay interest an additional fee on such unpaid amounts, to the extent permitted by Applicable Law, to, but not including, the date of actual payment (after as well as before judgment), at a rate per annum equal to the Default Overdue Rate, for the period during which such principal, interest interest, or other amount shall be unpaid from the due date of such payment to but not including the date of actual payment thereofthereof (the amount of such fee, the “Default Fee” ). All Any such Default Fees Fee shall be payable at the times and subject to the priorities set forth in Section 302 hereofof this Supplement.

Appears in 1 contract

Samples: Seacastle Inc.

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