Common use of Assumption when Calculating Interest Clause in Contracts

Assumption when Calculating Interest. Whenever under this Agreement interest is to be calculated to the last day of an Interest Period and the calculation is required to be made before such last day, the parties shall assume that the amount of the Loan outstanding on the day of the calculation is also the amount of the Loan outstanding on the last day of the relevant Interest Period.

Assumption when Calculating Interest. Whenever under this Agreement interest is to be calculated to the last day of an Interest Period and the calculation is required to be made before such last day, the parties shall assume that the amount of the Subordinated Loan outstanding on the day of the calculation is also the amount of the Subordinated Loan outstanding on the last day of the relevant Interest Period.

Assumption when Calculating Interest. Whenever under this Agreement interest is to be calculated to the last day of an Interest Period (including the First Interest Period) and the calculation is required to be made before such last day, the parties shall assume that the amount of the Loan outstanding on the last day of the calculation relevant Interest Period (including the First Interest Period) is also the same as the amount of the Loan outstanding on the last day of the relevant Interest Periodcalculation.

Assumption when Calculating Interest. Whenever under this Agreement these Conditions interest is to be calculated to the last day of an Interest Period and the calculation is required to be made paid before such last day, the parties shall assume that the amount of the Loan outstanding on the day of the calculation is also the amount of the Loan Notes outstanding on the last day of the relevant Interest PeriodPeriod is the same as the amount of the Notes outstanding on the day of the calculation.