Common use of Calculation of Default Interest Clause in Contracts

Calculation of Default Interest. Interest at the rate or rates determined from time to time as aforesaid shall accrue from day to day, shall be calculated on the basis of the actual number of days elapsed and a 360 day year, shall be compounded at the end of each successive funding period considered appropriate by the Lender for the purposes of Clause 15.01 and shall be payable from time to time on demand.

Calculation of Default Interest. Interest at the rate or rates determined from time to time as aforesaid shall accrue from day to day, shall be calculated on the basis of the actual number of days elapsed and a 360 day year, shall be compounded at the end of each successive funding period considered appropriate by the Lender Facility Agent for the purposes of Clause 15.01 16.1 and shall be payable from time to time on demand.

Calculation of Default Interest. Interest at the rate or rates determined from time to time as aforesaid shall accrue from day to day, shall be calculated on the basis of the actual number of days elapsed and a 360 day year, shall be compounded at the end of each successive funding period considered appropriate by the Lender for the purposes of Clause 15.01 15.1 and shall be payable from time to time on demand.

Calculation of Default Interest. Interest at the rate or rates determined from time to time as aforesaid shall accrue from day to day, shall be calculated on the basis of the actual number of days elapsed and a 360 day year, shall be compounded at the end of each successive funding period considered appropriate by the Lender for the purposes of Clause 15.01 14.1 and shall be payable from time to time on demand.

Calculation of Default Interest. Interest at the rate or rates determined from time to time as aforesaid shall accrue from day to day, shall be calculated on the basis of the actual number of days elapsed and a 360 day year, shall be compounded at the end of each successive funding period considered appropriate by the Lender Agent for the purposes of Clause 15.01 14.1 and shall be payable from time to time on demand.

Calculation of Default Interest. Interest at the rate or rates determined from time to time as aforesaid shall accrue from day to day, shall be calculated on the basis of the actual number of days elapsed and a 360 365 day year, shall be compounded at the end of each successive funding period considered appropriate by the Lender Agent for the purposes of Clause 15.01 16.1 and shall be payable from time to time on demand.

Calculation of Default Interest. Interest at the rate or rates determined from time to time as aforesaid shall accrue from day to day, shall be calculated on the basis of the actual number of days elapsed and a 360 day year, year shall be compounded at the end of each successive funding period which may reasonably be considered appropriate by the Lender for the purposes of this Clause 15.01 and shall be payable from time to time on demand. The Lender shall notify the Borrower of the duration of each funding period and each interest rate determined under this Clause.