Common use of Liability for Interest Clause in Contracts

Liability for Interest. In addition to its liabilities under Clauses 9.1 and 9.2, the Guarantor hereby agrees to pay or cause to be paid to the Security Trustee on demand (i) interest (including any interest which, but for the application of bankruptcy or insolvency laws, would have accrued on the amounts in question) calculated in accordance with clause 8.4 (Interest on overdue amounts) of the ECA Loan Agreement (unless interest at the Default Rate continues to be charged to any or all of the Principal Debtors in respect of that same amount under the Transaction Documents and is thereby payable by the Guarantor pursuant to Clause 9.1 or 9.2), and (ii) all costs and expenses (on a full indemnity basis) incurred by or on behalf of any Relevant Party in enforcing or endeavouring to enforce the payment of any sums due under this Clause 9.