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Common use of Overdue Payment Clause in Contracts

Overdue Payment. The Borrower fails to pay any amount payable by it pursuant to the provisions of this Agreement when due.

Appears in 2 contracts

Sources: Revolving Credit Facility Agreement (North Atlantic Drilling Ltd.), Revolving Credit Facility (Stolt Comex Seaway S A)

Related Clauses

  • Overdue Payments
  • Overdue Charges
  • Interest on Overdue Payments
  • Overdue Amounts
  • Payment of default interest on overdue amounts

Parent Clauses

  • Payment
  • License
  • Promotional Offerings
  • Definitions
  • Failure of the Research

Sub-Clauses

  • For non
  • Payment of interest by the Borrower
  • Offset
  • Basic Principles
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