Payment of Default Interest. Any interest which shall have accrued under CLAUSE 16.2 in respect of an unpaid sum shall be due and payable and shall be paid by Funding 2 at the end of the period by reference to which it is calculated.
Appears in 2 contracts
Samples: Master Intercompany Loan Agreement (Permanent Master Issuer PLC), Master Intercompany Loan Agreement (Permanent Funding (No. 2) LTD)
Payment of Default Interest. Any interest which shall have accrued under CLAUSE Clause 16.2 in respect of an unpaid sum shall be due and payable and shall be paid by Funding 2 at the end of the period by reference to which it is calculated.
Appears in 2 contracts
Samples: Master Intercompany Loan Agreement (Permanent Funding (No. 2) LTD), Master Intercompany Loan Agreement (Permanent Funding (No. 2) LTD)
Payment of Default Interest. Any interest which shall have accrued under CLAUSE 16.2 in respect of an unpaid sum shall be due and payable and shall be paid by Funding 2 at the end of the period by reference to which it is calculatedcalculated or on such other date or dates as the Security Trustee may specify by written notice to Funding 2.
Appears in 1 contract
Samples: Master Intercompany Loan Agreement (Permanent Funding (No. 2) LTD)
Payment of Default Interest. Any interest which shall have accrued under CLAUSE 16.2 in respect of an unpaid sum shall be due and payable and shall be paid by Funding 2 at the end of the period by reference to which it is calculated.
Appears in 1 contract
Samples: Master Intercompany Loan Agreement (Holmes Funding LTD)
