Common use of Interest Clause in Contracts

Interest. Amounts that would otherwise be payable on the due date will continue to bear interest until whichever is the earlier of (i) the day on which all sums due in respect of such Subordinated Notes up to that day are received by or on behalf of the holders of Notes and (ii) the day which is seven days after the Fiscal Agent has notified the holders of Notes that it has received all sums due in respect of such Subordinated Notes up to such seventh day.

Appears in 3 contracts

Sources: Borsa Italiana Communication, Domesticmot Inizio Negoziazioni, Domesticmot Negotiation Announcement