Common use of CARRY FORWARD OF UNPAID INTEREST Clause in Contracts

CARRY FORWARD OF UNPAID INTEREST. If any payment by the Borrower on a Monthly Payment Date pursuant to clause 5.4 is insufficient to pay the full amount of accrued interest on the Redraw Facility Principal up to the close of the Interest Period then just ended, such unpaid accrued interest will in turn accrue interest (as a separate and independent obligation) until paid at the Prescribed Rate for each succeeding Interest Period and, if not paid on the Monthly Payment Date at the end of each such succeeding Interest Period, such interest on unpaid interest will itself bear interest in accordance with this clause 5.5. -------------------------------------------------------------------------------- 6. REPAYMENT OF REDRAW PRINCIPAL 6.1 REPAYMENT OF THE REDRAW PRINCIPAL DURING THE AVAILABILITY PERIOD Subject to clause 6.3, the Borrower must on each Payment Date pay to the Redraw Facility Provider the Redraw Facility Principal as at the close of business on the Business Day immediately preceding that Payment Date to the extent of the funds available for this purpose in accordance with the Sub-Fund Notice.

CARRY FORWARD OF UNPAID INTEREST. If any payment by the Borrower on a Monthly [Monthly] Payment Date pursuant to clause 5.4 [5.4] is insufficient to pay the full amount of accrued interest on the Redraw Facility Principal up to the close of the Interest Period then just ended, such unpaid accrued interest will in turn accrue interest (as a separate and independent obligation) until paid at the Prescribed Rate for each succeeding Interest Period and, if not paid on the Monthly [Monthly] Payment Date at the end of each such succeeding Interest Period, such interest on unpaid interest will itself bear interest in accordance with this clause [5.5]. -------------------------------------------------------------------------------- 6. REPAYMENT OF REDRAW PRINCIPAL 6.1 REPAYMENT OF THE REDRAW PRINCIPAL DURING THE AVAILABILITY PERIOD Subject to clause [6.3], the Borrower must on each Payment Date pay to the Redraw Facility Provider the Redraw Facility Principal as at the close of business on the Business Day immediately preceding that Payment Date to the extent of the funds available for this purpose in accordance with the Sub-Fund Notice.