Common use of Calculation of default rate of interest Clause in Contracts

Calculation of default rate of interest. The rates referred to in Clause 6.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period); (b) the Margin applicable to the overdue amount, the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 months which the Lender may select from time to time: (i) LIBOR; or (ii) if the Lender determines that Dollar deposits for any such period are not being made available to it by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender by reference to the cost of funds to it from such other sources as the Lender may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period); (b) the Margin applicable to the overdue amount, together with the Mandatory Cost (if any) Rate plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender may select from time to time: (i) RBS LIBOR; or (ii) if the Lender determines that Dollar deposits for any such period are not being made available to it by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender by reference to the cost of funds to it from such other sources as the Lender may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period);; and (b) the applicable Margin applicable to the overdue amount, the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 three (3) months which the Lender Agent may select from time to time: (i) LIBOR; or (ii) if the Lender Agent (after consultation with the Reference Banks) determines that Dollar deposits for any such period are not being made available to it any Reference Bank by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender Agent by reference to the actual cost of funds to it the Reference Banks from such other sources as the Lender Agent (after consultation with the Reference Banks) may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period); (b) the Margin applicable to the overdue amount, the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender Agent may select from time to time: (i) LIBOR; or (ii) if the Lender Agent (after consultation with the Reference Banks) determines that Dollar deposits for any such period are not being made available to it any Reference Bank by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender Agent by reference to the cost of funds to it the Reference Banks from such other sources as the Lender Agent (after consultation with the Reference Banks) may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period); (b) the applicable Margin applicable to the overdue amount, the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender Agent may select from time to time: (i) LIBOR; or (ii) if the Lender Agent determines that Dollar deposits for any such period are not being made available to it a Lender or (as the case may be) Lenders by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender Agent by reference to the cost of funds to it the Agent from such other sources as the Lender Agent may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period); (b) the applicable Margin applicable to the overdue amount, the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender Facility Agent may select from time to time: (i) LIBOR; or (ii) if the Lender Facility Agent determines that Dollar deposits for any such period are not being made available to it a Lender or (as the case may be) Lenders by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender Facility Agent by reference to the cost of funds to it the Facility Agent from such other sources as the Lender Facility Agent may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period); (b) the aggregate of the Margin applicable to the overdue amount, and the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender Agent may select from time to time:; (i) LIBOR; or (ii) if the Lender Agent determines that Dollar deposits for any such period are not being made available to it any Lender by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender Agent by reference to the cost of funds to it the Lenders from such other sources as the Lender Agent (after consultation with the Lenders) may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period); (b) the Margin applicable to the overdue amount, aggregate of the Mandatory Cost (if any) and the applicable Margin plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender may select from time to time: (i) LIBOR; or; (ii) if the Lender determines that Dollar deposits for any such period are not being made available to it any Lender by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender by reference to the cost of funds to it the Lender from such other sources as the Lender may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period)Period applicable to it) together with the Mandatory Cost Rate; (b) the Margin applicable to the overdue amount, together with the Mandatory Cost (if any) Rate plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender may select from time to time: (i) RBS LIBOR; or (ii) if the Lender determines that Dollar deposits for any such period are not being made available to it by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender by reference to the cost of funds to it from such other sources as the Lender may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest PeriodPeriod applicable to it); (b) the Margin applicable to the overdue amount, the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender Agent may select from time to time: (i) LIBOR; or (ii) if the Lender Agent (after consultation with the Reference Banks) determines that Dollar deposits for any such period are not being made available to it any Reference Bank by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender Agent by reference to the cost of funds to it the Reference Banks from such other sources as the Lender Agent (after consultation with the Reference Banks) may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest PeriodPeriod applicable to it); (b) the Margin applicable to the overdue amount, the plus and Mandatory Cost Costs (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender Agent may select from time to time: (i) LIBOR; or (ii) if the Lender Agent determines that Dollar deposits for any such period are not being made available to it any Reference Bank by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender Agent by reference to the cost of funds to it the relevant Lenders from such other sources as the Lender Agent (after consultation with the Reference Bank) may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period); (b) the aggregate of the Margin applicable to the overdue amount, the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender Agent may select from time to time: (i) LIBOR; or (ii) if the Lender Agent (after consultation with the Reference Bank) determines that Dollar deposits for any such period are not being made available to it the Reference Bank by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender Agent by reference to the cost of funds to it the Reference Bank from such other sources as the Lender Agent (after consultation with the Reference Bank) may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period);; and (b) the Applicable Margin applicable to the overdue amount, the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 three (3) months which the Lender may Agent may, with the consent of the Majority Lenders, select from time to time: (i) LIBOR; or (ii) if the Lender Agent determines that Dollar deposits for any such period are not being made available to it the Lenders by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender Agent by reference to the cost of funds to it the Lenders from such other sources as the Lender Agent may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period); (b) the Margin applicable to the overdue amount, aggregate of the Mandatory Cost (if any) and the Margin plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender may select from time to time: (i) LIBOR; or (ii) if the Lender determines that Dollar deposits for any such period are not being made available to it by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender by reference to the cost of funds to it from such other sources as the Lender may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period); (b) the Margin applicable to the overdue amount, aggregate of the Mandatory Cost Costs (if any) and the applicable Margin plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender may select from time to time: (i) LIBOR; or (ii) if the Lender determines that Dollar deposits for any such period are not being made available to it by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender by reference to the cost of funds to it from such other sources as the Lender may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest PeriodPeriod applicable to it); (b) the aggregate of the Margin applicable to the overdue amount, and the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender Agent may select from time to time: (i) LIBOR; or (ii) if the Lender Agent determines that Dollar deposits for any such period are not being made available to it any Reference Bank by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender Agent by reference to the cost of funds to it the Agent from such other sources as the Lender Agent may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period); (b) the Margin applicable to the overdue amount, the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender Facility Agent may select from time to time: (i) LIBOR; or (ii) if the Lender Facility Agent determines that Dollar deposits for any such period are not being made available to it a Lender or (as the case may be) Lenders by leading banks in the London Interbank Market interbank market in the ordinary course of business, a rate from time to time determined by the Lender Facility Agent by reference to the cost of funds to it the Facility Agent from such other sources as the Lender Facility Agent may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest PeriodPeriod applicable to it); (b) the Margin applicable to the overdue amount, the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender Agent may select from time to time: (i) LIBOR; or (ii) if the Lender Agent (after consultation with the Reference Banks) determines that Dollar deposits for any such period are not being made available to it 2 or more Reference Bank by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender Agent by reference to the cost of funds to it the Reference Banks from such other sources as the Lender Agent (after consultation with the Reference Banks) may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest PeriodPeriod applicable to it);; and (b) the Margin applicable to the overdue amount, the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender Agent may select from time to time: (i) LIBOR; or (ii) if the Lender Agent (after consultation with all the Lenders) determines that Dollar deposits of Dollars for any such period are not being made available to it any Lender by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender Agent by reference to the cost of funds to it the Lender from such other sources as the Lender Agent (after consultation with all the Lenders) may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest PeriodPeriod applicable to it); (b) the aggregate of the Margin applicable to the overdue amount, and the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender may select from time to time: (i) LIBOR; or (ii) if the Lender determines that Dollar deposits for any such period are not being made available to it by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender by reference to the cost of funds to it from such other sources as the Lender may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period); (b) the Margin applicable to the overdue amount, the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender may select from time to time: (i) LIBORthe Reference Rate; or (ii) if the Lender determines that Dollar deposits in Dollars or, as the case may be, the relevant Optional Currency for any such period are not being made available to it by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender by reference to the cost of funds to it from such other sources as the Lender may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest PeriodPeriod applicable to it); (b) the Margin applicable to the overdue amount, plus the Mandatory Cost Costs (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender may select from time to time: (i) LIBOR; or (ii) if the Lender determines that Dollar deposits for any such period are not being made available to it by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender by reference to the cost of funds to it from such other sources as the Lender may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest PeriodPeriod applicable to it);; and (b) the aggregate of the Margin applicable to the overdue amount, the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender Agent may select from time to time: (i) LIBOR; or (ii) if the Lender Agent (after consultation with the Reference Bank) determines that Dollar deposits for any such period are not being made available to it the Reference Bank by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender Agent by reference to the cost of funds to it the Reference Bank from such other sources as the Lender Agent (after consultation with the Reference Bank) may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest PeriodPeriod applicable to it);; and (b) the Margin applicable to the overdue amount, the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender Agent may select from time to time: (i) LIBOR; or (ii) if the Lender Agent (after consultation with the Reference Banks) determines that Dollar deposits for any such period are not being made available to it any Reference Bank by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender Agent by reference to the cost of funds to it the Reference Banks from such other sources as the Lender Agent (after consultation with the Reference Banks) may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date such amount becomes due (but only for any unexpired part of any then current Interest Period); (b) the Margin applicable to the overdue amount, the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender Agent may select from time to time: (i) LIBOR; or (ii) if the Lender Agent (after consultation with the Reference Banks) determines that Dollar deposits for any such period are not being made available to it any Reference Bank by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender Agent by reference to the cost of funds to it the Reference Banks from such other sources as the Lender Agent (after consultation with the Reference Banks) may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period); (b) the Margin applicable to the overdue amount, the plus Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 months which the Lender may select from time to time: (i) LIBOR; or (ii) if the Lender determines that Dollar deposits for any such period are not being made available to it by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender by reference to the cost of funds to it from such other sources as the Lender may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest PeriodPeriod applicable to it); (b) the applicable Margin applicable to the overdue amount, the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender Agent may select from time to time: (i) LIBOR; or (ii) if the Lender Agent (after consultation with the Reference Banks) determines that Dollar deposits for any such period are not being made available to it any Reference Bank by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender Agent by reference to the cost of funds to it the Reference Banks from such other sources as the Lender Agent (after consultation with the Reference Banks) may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period);; and (b) the Margin applicable to the overdue amount, the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender Agent may select from time to time: (i) LIBOR; or (ii) if the Lender Agent (after consultation with the Reference Banks) determines that Dollar deposits for any such period are not being made available to it any Reference Bank by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender Agent by reference to the cost of funds to it the Reference Banks from such other sources as the Lender Agent (after consultation with the Reference Banks) may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period); (b) the Margin applicable to the overdue amount, aggregate of the Mandatory Cost (if any) and the Margin plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender may select from time to time: (i) LIBOR; or (ii) if the Lender determines that Dollar deposits for any such period are not being made available to it by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender by reference to the cost of funds to it the Lender from such other sources as the Lender may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 6.2 7.2 are: (a) the rate applicable to the overdue principal amount immediately prior to the relevant date (but only for any unexpired part of any then current Interest Period); (b) the Margin applicable to the overdue amount, the Mandatory Cost (if any) plus, in respect of successive periods of any duration (including at call) up to 6 3 months which the Lender Agent may select from time to time: (i) LIBOR; or (ii) if the Lender Agent (after consultation with all the Lenders) determines that Dollar deposits for any such period are not being made available to it any Lender by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Lender Agent by reference to the cost of funds to it the Agent from such other sources as the Lender Agent (after consultation with all the Lenders) may from time to time determine.