Changes in Interest Rates Sample Clauses
The "Changes in Interest Rates" clause defines how adjustments to interest rates will be handled during the term of an agreement. Typically, this clause outlines the circumstances under which interest rates may be increased or decreased, such as changes in benchmark rates or market conditions, and specifies the process for notifying parties of such changes. Its core function is to provide a clear mechanism for adapting to fluctuations in interest rates, thereby ensuring both parties understand how their financial obligations may be affected over time.
Changes in Interest Rates. We may change the interest rate on your variable rate accounts at any time without giving you prior notice, as further described in the Supplemental Disclosures. However, we will not change the interest rate on a time deposit account before its maturity, unless our Time Deposit Account Overview and Disclosure and supplemental account opening information permit us to do so. For more information regarding the current interest rate on your accounts, visit any UMB branch, telephone a Retail Branch Associate or contact the Service Center.
Changes in Interest Rates. OR EXCHANGE RATES Unless agreed otherwise, changes in an interest rate or exchange rate will take effect immediately after the Bank has established them and without notice to the Customer. PAYMENT SERVICES CONDITIONS FOR THE NETHERLANDS Page 3 of 3 10. LIABILITY OF THE BANK
10.1 Without prejudice to any other provisions of the relevant Agreement, the Bank will be liable only for the actual loss suffered by the Customer as referred to in Article 6:96 Dutch Civil Code, which has been caused directly by an imputable breach in the performance of an obligation of the Bank vis-à-vis the Customer. The Bank will never be liable for indirect or consequential loss, including in any event lost profit, unrealized savings and any other advantage not realized or indirect loss suffered.
10.2 The Bank is not liable for any loss of any nature whatsoever resulting from force majeure as referred to in Article 6:75 Dutch Civil Code, including, without limitation:
(a) International conflicts;
(b) terrorist or other violent or armed actions;
(c) measures taken by any domestic, foreign or international government authority;
(d) measures taken by any supervisory authority;
(e) boycotts;
(f) labour disturbances and strikes among the staff of third parties or the Bank’s own staff; and
(g) power failures or breakdowns in communication links or equipment or software of the Bank or of third parties.
Changes in Interest Rates. The definitive documentation for the Senior Facilities will contain provisions under which, from and after the date of delivery of the Borrower’s financial statements covering a period of at least six full months after the Closing Date, and so long as no default shall have occurred and be continuing, interest rates under the Revolving Facility will be subject to reduction in increments to be agreed upon based upon performance goals to be agreed upon. CONFIDENTIAL May 25, 2006 EXHIBIT B Borrower: Alion Science and Technology Corporation, a Delaware corporation (the “Borrower”).
Changes in Interest Rates. Each change in such fluctuating interest rates referred to above shall take effect simultaneously with the corresponding change in such Base Rate or Eurodollar Rate without notice to the Borrower. Interest shall be calculated on a daily basis upon the unpaid balance with each day representing 1/360th of a year.