Common use of Interest Clause in Contracts

Interest. (a) The Guarantor will pay interest to the Finance Parties on all amounts due from it under this Guarantee from the date the Finance Parties demand payment from the Guarantor until payment of such amounts (both before and after any judgment) at the Default Rate. (b) Default Rate (if unpaid) arising on an overdue amount will be compounded with the overdue amount at the end of each Interest Period (as such term is defined in the Facility Agreement) applicable to that overdue amount but will remain immediately due and payable. 3. Continuing guarantee 3.1 Continuing guarantee (a) are a continuing guarantee and will extend to the ultimate balance of the Borrower‘s Obligations regardless of any intermediate payment or discharge in whole or part; (b) are to be in addition to and are not in any way prejudiced by and shall not merge with any other guarantee or security which the Finance Parties may now or in the future hold. 3.2 Discontinuation of guarantee obligations

Interest. (a) The Guarantor will pay interest to the Finance Parties on all amounts due from it under this Guarantee from the date the Finance Parties demand payment from the Guarantor until payment of such amounts (both before and after any judgment) at the Default Rate. (b) Default Rate (if unpaid) arising on an overdue amount will be compounded with the overdue amount at the end of each Interest Period (as such term is defined in the Facility Agreement) applicable to that overdue amount but will remain immediately due and payable. 3. Continuing guarantee 3.1 Continuing guarantee (a) are a continuing guarantee and will extend to the ultimate balance of the Borrower‘s Borrower's Obligations regardless of any intermediate payment or discharge in whole or part; (b) are to be in addition to and are not in any way prejudiced by and shall not merge with any other guarantee or security which the Finance Parties may now or in the future hold. 3.2 Discontinuation of guarantee obligations