Common use of Payment of Default Interest Clause in Contracts

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 (Default Interest) in respect of an unpaid sum shall be due and payable and shall be paid by the Borrower at the end of the period by reference to which it is calculated or on such other dates as the Lender may specify by written notice to the Borrower.

Appears in 10 contracts

Samples: Loan Agreement (Wimm Bill Dann Foods Ojsc), Agreement (Open Joint Stock Co Vimpel Communications), Loan Agreement (Open Joint Stock Co Vimpel Communications)

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Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 28.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at Obligor owing such Unpaid Sum on the end last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other dates as the Lender Facility Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 3 contracts

Samples: Agreement (Comple Tel LLC), Participation Agreement (Getronics N V), Comple Tel Europe Nv

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 22.1 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at relevant Obligor, together with any Mandatory Costs in respect thereof on the end last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other dates as the Lender Agent may specify by written notice to the Borrowerrelevant Obligor.

Appears in 3 contracts

Samples: Confidentiality Agreement (Ace LTD), Confidentiality Agreement (Ace LTD), Ace LTD

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 18.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at Obligor owing such Unpaid Sum on the end last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other dates as the Lender Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 3 contracts

Samples: And Restatement Agreement (Validus Holdings LTD), Agreement (Validus Holdings LTD), Agreement (Validus Holdings LTD)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 clause 19.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at owing the end Unpaid Sum on the last day of the period by reference to which it is calculated each Term in respect thereof or on such other dates as the Lender Agent may specify by written notice to the Borrower.

Appears in 2 contracts

Samples: Restated Agreement (HCC Insurance Holdings Inc/De/), Restated Agreement (HCC Insurance Holdings Inc/De/)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 18.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at on the end last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other dates as the Lender Agent may specify by written notice to the Borrower.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 19.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at owing the end Unpaid Sum on the last day of the period by reference to which it is calculated each Term in respect thereof or on such other dates as the Lender Agent may specify by written notice to the Borrower.

Appears in 2 contracts

Samples: Agreement (HCC Insurance Holdings Inc/De/), Restated Agreement (HCC Insurance Holdings Inc/De/)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 22.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at on the end last day of the period by reference to which it is calculated each Interest Period in respect thereof or on such other dates as the Lender Facility Agent may specify by written notice to the Borrower.

Appears in 1 contract

Samples: Facility Agreement (Micron Technology Inc)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 21.2 (Default Interest) in respect of an unpaid sum shall be due and payable and shall be paid by the Borrower Obligor owing such unpaid sum at the end of the period by reference to which it is calculated or on such other dates as the Lender may specify by written notice to the Borrowercalculated.

Appears in 1 contract

Samples: Adt Limited

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 17.2 (Default Interest) in respect of an unpaid sum shall be due and payable and shall be paid by the Borrower at the end of the period by reference to which it is calculated or on such other dates as the Lender may specify by written notice to the Borrowercalculated.

Appears in 1 contract

Samples: Agreement (Central European Media Enterprises LTD)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 30.2 (Default Interest) in respect of an unpaid sum shall be due and payable and shall be paid by the Borrower Obligor owing such unpaid sum at the end of the period by reference to which it is calculated or on such other date or dates as the Lender relevant Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 1 contract

Samples: Conformed (Capital One Financial Corp)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 23.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at Obligor owing such Unpaid Sum on the end last day of the period by reference to which it is calculated its Interest Period in respect thereof or on such other dates as the Lender Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 1 contract

Samples: Credit Agreement (NTL Inc)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 26.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at Obligor owing such Unpaid Sum on the end last day of the period by reference to which it is calculated or on such other dates as notified by the Lender may specify by written notice Parent to the BorrowerBank.

Appears in 1 contract

Samples: Agreement (London Pacific Group LTD)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 18.2 (Default Interest) in respect of an unpaid sum shall be due and payable and shall be paid by the Borrower at the end of the period by reference to which it is calculated or on such other dates as the Lender Agent may specify by written notice to the Borrower.

Appears in 1 contract

Samples: Agreement (Teekay Shipping Corp)

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Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 (Default Interest) in respect of an unpaid sum shall be due and payable and shall be paid by the Borrower at the end of the period by reference to which it is calculated or on such other dates as the Lender Agent may specify by written notice to the Borrower.

Appears in 1 contract

Samples: Teekay Shipping Corp

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 20.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at owing the end Unpaid Sum on the last day of the period by reference to which it is calculated each Term in respect thereof or on such other dates as the Lender Agent may specify by written notice to the Borrower.

Appears in 1 contract

Samples: HCC Insurance Holdings Inc/De/

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 22.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at Obligor owing such Unpaid Sum on the end last day of the period by reference to which it is calculated its Term or on such other dates as the Lender Administrative Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 1 contract

Samples: Gulfmark Offshore Inc

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 (Default Interest) clause 15.2 above in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at the end of the period each Interest Period by reference to which it is calculated or on such other dates as the Lender Bank may specify by written notice to the Borrower.

Appears in 1 contract

Samples: Entire Agreement (Lumenis LTD)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 18.2 (Default Interest) in respect of an unpaid sum shall be due and payable and shall be paid by the Borrower Obligor owing such unpaid sum at the end of the period by reference to which it is calculated or on such other dates as the Lender Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 1 contract

Samples: Term Loan Agreement (Arco Chemical Co)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 19.2 (Default Interest) in respect of an unpaid sum Unpaid Sum shall be due and payable and shall be paid by the Borrower at on the end last day of the period by reference to which it is calculated its Term or on such other dates as the Lender may specify by written notice to the Borrower.

Appears in 1 contract

Samples: Ansaldo Signal Nv

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 12.7 (Default Interestinterest) in respect of an unpaid sum shall be due and payable and shall be paid by the Borrower at the end of the period by reference to which it is calculated or on such other dates as the Lender may specify by written notice to the Borrower.

Appears in 1 contract

Samples: www.ise.ie

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 23.2 (Default Interest) in respect of an unpaid sum shall be due and payable and shall be paid by the Borrower owing such unpaid sum at the end of the period by reference to which it is calculated or on such other date or dates as the Lender Bank may specify by written notice to the Borrower.

Appears in 1 contract

Samples: Agreement (Capital One Financial Corp)

Payment of Default Interest. Any interest which shall have accrued under Clause 16.2 17.2 (Default Interest) in respect of an unpaid any sum shall be due and payable and shall be paid by the Borrower Obligor owing such sum at the end of the period by reference to which it is calculated or on such other date or dates as the Lender Facility Agent may specify by written notice to the Borrowersuch Obligor.

Appears in 1 contract

Samples: Agreement (Royal Ahold)

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