Common use of Calculation of interest Clause in Contracts

Calculation of interest. The rate of interest for the Loan for each Interest Period is the percentage rate per annum which is the aggregate of: (a) the Applicable Margin; (b) LIBOR; and (c) Mandatory Costs (if any) Effective interest pursuant to the Norwegian Financial Agreement Act of1999 No. 46 has been calculated by the GIEK Facility Agent as set out in a separate notice from the GIEK Facility Agent to the Borrower.

Calculation of interest. a) The rate of interest for on the Loan for each Interest Period is the percentage rate per annum which is the aggregate of: (ai) the Applicable Margin; (bii) LIBOR; and (ciii) Mandatory Costs Cost (if anyapplicable). b) Effective interest pursuant to Section 46 of the Norwegian Financial Agreement FA Act of1999 No. 46 has been calculated by the GIEK Facility Agent as set out in a separate notice from the GIEK Facility Agent to the Borrower.

Calculation of interest. a) The rate of interest for the on each Loan for each Interest Period is the percentage rate per annum which is the aggregate ofof the applicable: (ai) the Applicable The Margin; (bii) LIBOR; and (ciii) Mandatory Costs (Cost, if any. b) Effective interest pursuant to Section 46 of the Norwegian Financial Agreement FA Act of1999 No. 46 has been calculated by the GIEK Facility Agent as set out in a separate notice letter from the GIEK Facility Agent to the BorrowerBorrowers.

Calculation of interest. The rate of interest for the Loan for each Interest Period is the percentage rate per annum which is the aggregate of: (a) the Applicable Margin; (b) LIBOR; and (c) Mandatory Costs (if any) Effective rate of interest pursuant to the Norwegian Financial Agreement Act of1999 of 1999 No. 46 has been calculated by the GIEK Facility Agent as set out in a separate notice from the GIEK Facility Agent to the Borrower.

Calculation of interest. The rate of interest for on the Loan for each Interest Period is the percentage rate per annum which is the aggregate ofof the applicable: (a) the Applicable MarginBase Margin (as defined in Clause 8.3) (Margin Ratchet); (b) US$ LIBOR; and (c) Mandatory Costs Cost, (if any) Effective interest pursuant ). for the first six months, plus 0.50 per cent per annum during the first three month period thereafter, plus 1.00 per cent per annum during the next three month period thereafter and plus 2.00 per cent per annum during the remaining period to the Norwegian Financial Agreement Act of1999 No. 46 has been calculated by the GIEK Facility Agent as set out in a separate notice from the GIEK Facility Agent to the BorrowerFinal Maturity Date.

Calculation of interest. (a) The rate of interest for on the Loan Loans for each Interest Period is the percentage rate per annum which is the aggregate of: (a) of the Applicable Margin;Margin and LIBOR. (b) LIBOR; and (c) Mandatory Costs (if any) Effective interest pursuant to For the purpose of the Norwegian Financial Agreement Contracts Act of1999 of 25 June 1999 No. 46 46, each Borrower has been calculated informed of the nominal and effective interest rate by a letter from the GIEK Facility Agent as substantially in the form set out in a separate notice from the GIEK Facility Agent to the BorrowerSchedule 8 (Form of Interest Notification).

Calculation of interest. The rate of interest for on the Loan for each Interest Period is the percentage rate per annum which is the aggregate of: (a) of the Applicable Margin; (b) Margin and LIBOR; and (c) Mandatory Costs (if any) Effective interest pursuant to . For the purpose of the Norwegian Financial Agreement Contracts Act of1999 No. 46 1999 the Borrower has been calculated informed of the nominal and effective interest rate by a letter from the GIEK Facility Administrative Agent as substantially in the form set out in a separate notice from the GIEK Facility Agent to the BorrowerSchedule 8.

Calculation of interest. The rate of interest for on the Loan for each Interest Period is the percentage rate per annum which is the aggregate ofof the applicable: (a) the Applicable MarginMargin (as defined in Clause 8.3) (Margin ratchet); (b) US$ LIBOR; and (c) Mandatory Costs Cost, (if any) Effective interest pursuant ). for the first nine months following the funding of the Loan, plus 1.00% per annum during the first three month period thereafter and plus 2.00% per annum during the remaining period thereafter to the Norwegian Financial Agreement Act of1999 No. 46 has been calculated by the GIEK Facility Agent as set out in a separate notice from the GIEK Facility Agent to the BorrowerMaturity Date.

Calculation of interest. The rate of interest for the Loan for each Interest Period is the percentage rate per annum which is the aggregate of: (a) : the Applicable Margin; (b) ; LIBOR; and (c) and Mandatory Costs Cost (if any) ). Effective interest pursuant to the Norwegian Financial Agreement Act of1999 of 1999 No. 46 has been calculated by the GIEK Facility Agent as set out in a separate notice from the GIEK Facility Agent to the BorrowerBorrowers.

Calculation of interest. (a) The rate of interest for the Loan for each Interest Period is the percentage rate per annum which is the aggregate of: (ai) the Applicable Margin; (bii) LIBOR; and (ciii) Mandatory Costs Cost (if any). (b) Effective interest pursuant to the Norwegian Financial Agreement Act of1999 of 1999 No. 46 has been calculated by the GIEK Facility Agent as set out in a separate notice from the GIEK Facility Agent to the Borrower.

Calculation of interest. The rate of interest for the on each Loan for each Interest Period is the percentage rate per annum which is the aggregate ofof the applicable: (a) the Applicable Margin;; and (b) (i) in relation to any Loan in Euro, EURIBOR (ii) in relation to any Loan in Danish Kroner, CIBOR; (iii) in relation to any Loan in Swedish Krona, XXXXXX; or (iv) in relation to any other Loan, LIBOR; and (c) Mandatory Costs (if any) Effective interest pursuant to the Norwegian Financial Agreement Act of1999 No. 46 has been calculated by the GIEK Facility Agent as set out in a separate notice from the GIEK Facility Agent to the Borrower.

Calculation of interest. The rate of interest for the a Loan for each Interest Period is the percentage rate per annum which is the aggregate of: (a) the Applicable Margin; (b) LIBOR; and (c) the Mandatory Costs (if any) Cost. Effective interest pursuant to the Norwegian Financial Agreement FA Act of1999 No. 46 has been calculated by the GIEK Facility Agent as set out in a separate notice from the GIEK Facility Agent to the BorrowerBorrowers.

Calculation of interest. The rate of interest for the on each Loan for each Interest Period is the percentage rate per annum which is the aggregate ofof the applicable: (a) the Applicable 10.1.1 Margin; (b) LIBOR10.1.2 LIBOR or, in relation to any Loan in euro, EURIBOR or, in relation to any Loan in Norwegian krone, NIBOR; and (c) 10.1.3 Mandatory Costs (Cost, if any) Effective interest pursuant to the Norwegian Financial Agreement Act of1999 No. 46 has been calculated by the GIEK Facility Agent as set out in a separate notice from the GIEK Facility Agent to the Borrower.

Calculation of interest. The rate of interest for the on each Loan for each Interest Period is the percentage rate per annum which is the aggregate ofof the applicable: (a) the Applicable Margin; (b) LIBORLIBOR or, in relation to any Loan in euro, EURIBOR or, in relation to any Loan in Norwegian Kroner, NIBOR; and (c) Mandatory Costs (Cost, if any) Effective interest pursuant to the Norwegian Financial Agreement Act of1999 No. 46 has been calculated by the GIEK Facility Agent as set out in a separate notice from the GIEK Facility Agent to the Borrower.

Calculation of interest. (a) The rate of interest for on the Loan for each Interest Period is the percentage rate per annum which is the aggregate of: (a) of the Applicable Margin;Margin and LIBOR. (b) LIBOR; and (c) Mandatory Costs (if any) Effective interest pursuant to For the purpose of the Norwegian Financial Agreement Contracts Act of1999 No. 46 1999 the Borrower has been calculated informed of the nominal and effective interest rate by a letter from the GIEK Facility Agent as substantially in the form set out in a separate notice from the GIEK Facility Agent to the BorrowerSchedule 7.

Calculation of interest. The rate of interest for the Loan for each Interest Period is the percentage rate per annum which is the aggregate of: (a) the Applicable Margin; (b) LIBOR; and (c) Mandatory Costs (if any) Effective interest pursuant to the Norwegian Financial Agreement Act of1999 of 1999 No. 46 has been calculated by the GIEK Facility Agent as set out in a separate notice from the GIEK Facility Agent to the Borrower.

Calculation of interest. The rate of interest for the each Loan for each Interest Period is the percentage rate per annum which is the aggregate of: (a) the Applicable Margin;, (b) LIBOR; , and (c) Mandatory Costs (if any) Cost Effective interest pursuant to the Norwegian Financial Agreement Act of1999 No. 46 1999 has been calculated by the GIEK Facility Agent as set out in a separate notice from the GIEK Facility Agent to the Borrower.

Calculation of interest. The rate of interest for the Loan for each Interest Period is the percentage rate per annum which is the aggregate of: (a) : the Applicable Margin; (b) ; LIBOR; and (c) and Mandatory Costs Cost (if any) ). Effective interest pursuant to the Norwegian Financial Agreement Act of1999 of 1999 No. 46 has been calculated by the GIEK Facility Agent as set out in a separate notice from the GIEK Facility Agent to the Borrower.Borrowers. Payment of interest

Calculation of interest. (a) The rate of interest for on the Loan for each Interest Period is the percentage rate per annum which is the aggregate of: (a) of the Applicable Margin;Margin and LIBOR. (b) LIBOR; and (c) Mandatory Costs (if any) Effective interest pursuant to For the purpose of the Norwegian Financial Agreement Contracts Act of1999 No. 46 1999 the Borrower has been calculated informed of the nominal and effective interest rate by a letter from the GIEK Facility Administrative Agent as substantially in the form set out in a separate notice from the GIEK Facility Agent to the BorrowerSchedule 8.

Calculation of interest. The rate of interest for the Loan for each Interest Period is the percentage rate per annum which is the aggregate of: (a) : the Applicable Margin; (b) ; LIBOR; and and until from and including 1 July 2015 until the Reinstated Leverage Ratio Covenant date, the Step-up Margin (c) Mandatory Costs (if any) as applicable). Effective interest pursuant to the Norwegian Financial Agreement Act of1999 of 1999 No. 46 has been calculated by the GIEK Facility Agent as set out in a separate notice from the GIEK Facility Agent to the Borrower.

Calculation of interest. The rate of interest for the Loan for each Interest Period is the percentage rate per annum which is the aggregate of: (a) the Applicable Margin; (b) LIBOR; and (c) Mandatory Costs (if any) ). Effective interest pursuant to the Norwegian Financial Agreement Act of1999 of 1999 No. 46 has been calculated by the GIEK Facility Agent as set out in a separate notice from the GIEK Facility Agent to the Borrower.