Calculation of interest – Compounded Rate Loans Sample Clauses

Calculation of interest – Compounded Rate Loans. (a) The rate of interest on each Compounded Rate Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
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Calculation of interest – Compounded Rate Loans. (a) If Clause 10.1 (Unavailability of Term SOFR) applies and subject to Clause 8.5 (Default Interest), the rate of interest on each Compounded Rate Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:

Related to Calculation of interest – Compounded Rate Loans

  • Selection of Interest Periods (a) A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan.

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