Common use of Beginning and end of Interest Periods Clause in Contracts

Beginning and end of Interest Periods. 7.2.1 The initial Interest Period in respect of the Advance shall commence on the Drawdown Date for the Advance and end on the last day of that Interest Period selected in accordance with clause 7.1, but so that no Interest Period shall overrun an Application Date.

Beginning and end of Interest Periods. 7.2.1 The initial Interest Period in respect of the first Advance shall commence on the Drawdown Date for the first Advance and shall end on the next following Quarter Date and each subsequent Interest Period in respect of the first Advance shall commence on the expiry of the previous Interest Period and end on the last day of that Interest Period selected in accordance with clause 7.1, but so that no Interest Period shall overrun an Application next following Quarter Date.;

Beginning and end of Interest Periods. 7.2.1 The initial Interest Period in respect of the first Advance shall commence on the Drawdown Date for the first Advance and shall end on the next following Semi-Annual Date and each subsequent Interest Period in respect of the first Advance shall commence on the expiry of the previous Interest Period and end on the last day of that Interest Period selected in accordance with clause 7.1, but so that no Interest Period shall overrun an Application next following Semi-Annual Date.;