Common use of Overdue Payments Clause in Contracts

Overdue Payments. Interest (computed on the basis of a 360-day year of twelve 30-day months) on any overdue principal, Make-Whole Amount (if any) and, to the extent permitted by Applicable Law, interest and any other amounts payable shall be paid on demand at the Overdue Rate.

Appears in 9 contracts

Samples: Mortgage and Security Agreement (Firstenergy Corp), Mortgage and Security Agreement (Calpine Corp), Mortgage and Security Agreement (Calpine Corp)

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Overdue Payments. Interest (computed on the basis of a 360-day year of twelve 30-day months) on any overdue principal, Make-Whole Amount premium (if any) and, to the extent permitted by Applicable Law, interest and any other amounts payable shall be paid on demand at the Overdue Rate.

Appears in 2 contracts

Samples: Trust, Mortgage and Security Agreement (PPL Montana LLC), Trust, Mortgage and Security Agreement (PPL Montana LLC)

Overdue Payments. Interest (computed on the basis of a 360-day year of twelve 30-day months) on any overdue principalprincipal and premium, Make-Whole Amount (if any) , and, to the extent permitted by Applicable Law, on overdue interest and any other amounts payable shall be paid on demand at the Overdue Rate.

Appears in 2 contracts

Samples: Indenture of Trust and Security Agreement (Aes Eastern Energy Lp), Trust and Security Agreement (Aes Eastern Energy Lp)

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Overdue Payments. Interest (computed on the basis of a 360-day year of ---------------- twelve 30-day months) on any overdue principal, Make-Whole Amount premium (if any) and, to the extent permitted by Applicable Law, interest and any other amounts payable shall be paid on demand at the Overdue Rate.

Appears in 1 contract

Samples: Leases and Rents and Security Agreement (Dynegy Danskammer LLC)

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