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

Calculation of default rate of interest. The rates referred to in Clause 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 plus, in respect of successive periods of any duration (including at call) up to three (3) months which the Agent may, with the consent of the Majority Lenders, select from time to time: (i) LIBOR; or (ii) if the Agent determines that Dollar deposits for any such period are not being made available by leading banks in the London Interbank Market in the ordinary course of business, a rate from time to time determined by the Agent by reference to the cost of funds to the Lenders from such other sources as the Agent may from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 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 plus, in respect of successive periods of any duration (including at call) up to three (3) months which the Agent may, with the consent of the Majority Lenders, select from time to time: (i) LIBOR; or (ii) if the Agent determines that Dollar deposits for any such period are not being made available 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 Agent by reference to the actual cost of funds to the Lenders from such other sources as the Agent may from time to time reasonably determine.

Calculation of default rate of interest. The rates referred to in Clause 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 plus, in respect of successive periods of any duration (including at call) up to three (3) months which the Agent may, with the consent of the Majority Required Lenders, select from time to time: (i) LIBOR; or (ii) if the Agent determines that Dollar deposits for any such period are not being made available 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 Agent by reference to the actual cost of funds to the Lenders from such other sources as the Agent may from time to time reasonably determine.

Calculation of default rate of interest. The rates referred to in Clause 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 plus, in respect of successive periods of any duration (including at call) up to three (3) 3 months which the Agent may, with the consent of the Majority Lenders, may select from time to time: (i) LIBOR; or (ii) if the Agent (after consultation with the Reference Bank) determines that Dollar deposits for any such period are not being made available to 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 Agent by reference to the cost of funds to the Lenders it from such other sources as the Agent may (after consultation with the Reference Banks) from time to time determine.

Calculation of default rate of interest. The rates referred to in Clause 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 plus, in respect of successive periods of any duration (including at call) up to three (3) 3 months which the Facility Agent may, with the consent of the Majority Lenders, may select from time to time: (i) LIBOR; or (ii) if the Facility Agent determines that Dollar deposits for any such period are not being made available to 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 the average rate from time to time determined by the Facility Agent by reference to the cost of funds to all Lenders for such period notified by the Lenders from to the Facility Agent by no later than 1 Business Day after the Facility Agent makes such other sources as the Agent may from time to time determinea determination.

Calculation of default rate of interest. The rates referred to in Clause 7.2 72 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 plus, in respect of successive periods of any duration (including at call) up to three (3) 3 months which the Agent may, with the consent of the Majority Lenders, may select from time to time: (i) LIBOR; or (ii) if the Agent determines that Dollar deposits for any such period are not being made available to 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 Agent by reference to the cost of funds to the Lenders Agent from such other sources as the Agent may from time to time determine.