Common use of Calculation of Broken Interest Clause in Contracts

Calculation of Broken Interest. When interest is required to be calculated in respect of a period of less than a full six month interest period, it shall be calculated by applying the rate of 10.750% per annum to each US$1,000 principal amount of Notes (the “Calculation Amount”) and on the basis of a 360-day year consisting of 12 months of 30 days each and, in the case of an incomplete month, the number of days elapsed on the basis of a month of 30 days. The resultant figure shall be rounded to the nearest cent, half a cent being rounded upwards. The interest payable in respect of a Note shall be the product of such rounded figure and the amount by which the Calculation Amount is multiplied to reach the principal amount of the relevant Note, without any further rounding.

Calculation of Broken Interest. When interest is required to be calculated in respect of a period of less than a full six six-month interest period, it shall be calculated by applying the rate of 10.750% 5.750 per cent. per annum to each US$1,000 U.S.$1,000 principal amount of Notes (the “Calculation Amount”) and on the basis of a 360-day year consisting of 12 months of 30 days each and, in the case of an incomplete month, the number of days elapsed on the basis of a month of 30 days. The resultant figure shall be rounded to the nearest cent, half a cent being rounded upwards. The interest payable in respect of a Note shall be the product of such rounded figure and the amount by which the Calculation Amount is multiplied to reach the principal amount of the relevant Note, without any further rounding.

Calculation of Broken Interest. When interest is required to be calculated in respect of a period of less than a full six month interest periodmonths, it shall be calculated by applying the rate of 10.7506.375% per annum to each US$1,000 principal amount of Notes (the “Calculation Amount”) and on the basis of a 360-day year consisting of 12 months of 30 days each and, in the case of an incomplete month, the number of days elapsed on the basis of a month of 30 days. The resultant figure shall be rounded to the nearest cent, half a cent being rounded upwards. The interest payable in respect of a Note shall be the product of such rounded figure and the amount by which the Calculation Amount is multiplied to reach the principal amount of the relevant Note, without any further rounding.

Calculation of Broken Interest. When interest is required to be calculated in respect of a period of less than a full six month interest period, it shall be calculated by applying the rate of 10.75010.500% per annum to each US$1,000 principal amount of Notes (the “"Calculation Amount”") and on the basis of a 360-day year consisting of 12 months of 30 days each and, in the case of an incomplete month, the number of days elapsed on the basis of a month of 30 days. The resultant figure shall be rounded to the nearest cent, half a cent being rounded upwards. The interest payable in respect of a Note shall be the product of such rounded figure and the amount by which the Calculation Amount is multiplied to reach the principal amount of the relevant Note, without any further rounding.