Common use of Determination of Interest Periods Clause in Contracts

Determination of Interest Periods. Every Interest Period shall be of the duration specified by the Borrower pursuant to clause 3.2 but so that: 3.3.1 the initial Interest Period in respect of the Loan shall commence on the Drawdown Date and each subsequent Interest Period shall commence on the last day of the previous Interest Period; 3.3.2 if any Interest Period would otherwise overrun a Repayment Date, in the case of the last Repayment Date, such Interest Period shall end on such Repayment Date, and, in the case of any other Repayment Date or Repayment Dates, the Loan shall be divided into parts so that there is one part in the amount of the repayment instalment due on each Repayment Date falling during that Interest Period and having an Interest Period ending on the relevant Repayment Date and another part in the amount of the balance of the Loan having an Interest Period ascertained in accordance with clause 3.2 and the other provisions of this clause 3.3; and 3.3.3 if the Borrower fails to specify the duration of an Interest Period in accordance with the provisions of clause 3.2 and this clause 3.3 such Interest Period shall have a duration of three (3) months or such other period as shall comply with this clause 3.3.

Determination of Interest Periods. Every Interest Period shall be of the duration specified by the Borrower Borrowers pursuant to clause 3.2 but so that: 3.3.1 the initial Interest Period in respect of the Loan each Advance shall commence on the Drawdown Date for such Advance and each subsequent Interest Period for such Advance shall commence on the last day of the previous Interest PeriodPeriod for such Advance; 3.3.2 the initial Interest Period for the second Advance to be drawn down shall end on the last day of the then current Interest Period for the first Advance drawn down and, on such day, both drawn Advances shall be consolidated into, and shall thereafter constitute the Loan; 3.3.3 if any Interest Period would otherwise overrun a Repayment Date, then, in the case of the last Repayment Date, such Interest Period shall end on such Repayment Date, and, and in the case of any other Repayment Date or Repayment Dates, the Loan shall be divided into parts so that there is one part in the amount of the repayment instalment due on each Repayment Date falling during that Interest Period and having an Interest Period ending on the relevant Repayment Date and another part in the amount of the balance of the Loan having an Interest Period ascertained in accordance with clause 3.2 and the other provisions of this clause 3.3; and 3.3.3 3.3.4 if the Borrower fails Borrowers fail to specify the duration of an Interest Period in accordance with the provisions of clause 3.2 and this clause 3.3 such Interest Period shall have a duration of three (3) months or such other period as shall comply with this clause 3.3.

Determination of Interest Periods. Every Subject to clause 3.3.1 every Interest Period shall be of the duration specified by the Borrower Borrowers pursuant to clause 3.2 (Selection of Interest Periods) but so that: 3.3.1 the initial first Interest Period in respect of the Loan shall commence start on the Drawdown Date Date, and each subsequent Interest Period shall commence start on the last day of the previous Interest Period; 3.3.2 if any Interest Period would otherwise overrun a Repayment Date, then in the case of the last Repayment DateInterest Period, such Interest Period shall end on such Repayment the Maturity Date, and, and in the case of any other Repayment Date or Repayment DatesInterest Period, the Loan shall be divided into parts so that there is one part in the amount of the repayment instalment Repayment Instalment due on each such Repayment Date falling during that Interest Period and having an Interest Period ending on the relevant Repayment Date and another part in the amount of the balance of the Loan having an Interest Period ascertained in accordance with clause 3.2 and the other provisions of this clause 3.3; and; 3.3.3 if the Borrower fails Borrowers fail to specify the duration of an Interest Period in accordance with the provisions of clause 3.2 and this clause 3.3 3.3, such Interest Period shall have a duration of three (3) months or such other period as shall comply with this clause 3.3.

Determination of Interest Periods. Every Subject to clause 3. 3.1 every Interest Period shall be of the duration specified by the Borrower pursuant to clause 3.2 (Selection of Interest Periods) but so that: 3.3.1 the initial first Interest Period in respect of the Loan shall commence start on the Drawdown Date date the Loan is drawn and each subsequent Interest Period shall commence on start upon the last day expiry of the previous immediately preceding Interest Period; 3.3.2 if any Interest Period would otherwise overrun a Repayment Date, then, in the case of the last Repayment DateInterest Period, such Interest Period shall end on such Repayment the Maturity Date, and, and in the case of any other Repayment Date or Repayment DatesInterest Period, the Loan shall be divided into parts so that there is one part in the amount of the repayment instalment Repayment Instalment due on each such Repayment Date falling during that Interest Period and having an Interest Period ending on the relevant Repayment Date and another part in the amount of the balance of the Loan having an Interest Period ascertained in accordance with clause Clause 3.2 (Selection of Interest Periods) and the other provisions of this clause 3.33.3 (Determination of Interest Periods); and 3.3.3 if the Borrower fails to specify the duration of an Interest Period in accordance with the provisions of clause 3.2 (Selection of Interest Periods) and this clause 3.3 (Determination of Interest Periods), such Interest Period shall have a duration of three (3) months or such other period as shall comply with this clause 3.33.3 (Determination of Interest Periods).

Determination of Interest Periods. Every Subject to clause 3. 3.1 every Interest Period shall be of the duration specified by the Borrower pursuant to clause 3.2 but so that: 3.3.1 the initial first Interest Period in respect of the Loan shall commence start on the Drawdown Date date the Loan is drawn and each subsequent Interest Period shall commence start on the last day of the previous Interest Period; 3.3.2 if any Interest Period would otherwise overrun a Repayment Date, then, in the case of the last Repayment DateInterest Period, such Interest Period shall end on such Repayment the Maturity Date, and, and in the case of any other Repayment Date or Repayment DatesInterest Period, the Loan shall be divided into parts so that there is one part in the amount of the repayment instalment Repayment Instalment due on each such Repayment Date falling during that Interest Period and having an Interest Period ending on the relevant Repayment Date and another part in the amount of the balance of the Loan having an Interest Period ascertained in accordance with clause 3.2 and the other provisions of this clause 3.3; and 3.3.3 if the Borrower fails to specify the duration of an Interest Period in accordance with the provisions of clause 3.2 and this clause 3.3 3.3, such Interest Period shall have a duration of three (3) months or such other period as shall comply with this clause 3.3.

Determination of Interest Periods. Every Interest Period shall be of the duration required by, or specified by the Borrower pursuant to to, clause 3.2 but so that: 3.3.1 the initial first Interest Period in respect of the Loan shall commence on the Drawdown Date and each subsequent Interest Period shall commence on the last day of the previous Interest Period; 3.3.2 if any Interest Period would otherwise overrun a Repayment Date, then, in the case of the last Repayment Date, Date such Interest Period shall end on such Repayment Date, and, and in the case of any other Repayment Date or Repayment Dates, Dates the Loan shall be divided into parts so that there is one part in the amount of the repayment instalment or instalments due on each Repayment Date falling during that Interest Period and having an Interest Period ending on the relevant Repayment Date and another part in the amount of the balance of the Loan having an Interest Period ascertained in accordance with clause 3.2 and the other provisions of this clause 3.3; and 3.3.3 if the Borrower fails to specify the duration of an Interest Period in accordance with the provisions of clause 3.2 and this clause 3.3 such Interest Period shall have a duration of three (3) months or such other period as shall comply with this clause 3.3.

Determination of Interest Periods. Every Interest Period shall be of the duration specified by the Borrower pursuant to clause 3.2 but so that: 3.3.1 the initial first Interest Period in respect of for the Loan shall commence on the Drawdown Date and each subsequent Interest Period for the Loan shall commence on the last day of the previous preceding Interest Period; 3.3.2 if any Interest Period would otherwise overrun a the Repayment Date, then, in the case of the last Repayment Date, such Interest Period shall end on such Repayment Date, and, and in the case of any other Repayment Date or Repayment Dates, the Loan shall be divided into parts so that there is one part in the amount of the repayment instalment due on each Repayment Date falling during that Interest Period Payment and having an Interest Period ending on the relevant Repayment Date and another part in the amount of the balance of the Loan having an Interest Period ascertained in accordance with clause 3.2 and the other provisions of this clause 3.3; and. 3.3.3 if the Borrower fails to specify the duration of an Interest Period in accordance with the provisions of clause 3.2 and this clause 3.3 such Interest Period shall have a duration of three (3) months or such other period as shall comply with this clause 3.3.

Determination of Interest Periods. Every Subject to Clause 3.3.1 every Interest Period shall be of the duration specified by the Borrower pursuant to clause 3.2 but so that: 3.3.1 : the initial first Interest Period in respect of shall start on the date the Loan shall commence on the Drawdown Date is drawn and each subsequent Interest Period shall commence start on the last day of the previous Interest Period; 3.3.2 3.3.1 if any Interest Period would otherwise overrun a relevant Repayment Date, in the case of the last Repayment Date, such Interest Period shall end on such Repayment Date, and, in the case of any other Repayment Date or Repayment Dates, then the Loan shall be divided into parts so that there is one part in the amount of the repayment instalment due on each such Repayment Date falling during that Interest Period and having an Interest Period ending on the relevant Repayment Date and another part in the amount of the balance of the Loan having an Interest Period ascertained in accordance with clause 3.2 and the other provisions of this clause 3.3; and 3.3.3 3.3.2 if the Borrower fails to specify the duration of an Interest Period in accordance with the provisions of clause 3.2 and this clause 3.3 3.3, such Interest Period shall have a duration of three (3) months or such other period as shall comply with this clause 3.3.

Determination of Interest Periods. Every Interest Period shall be of the duration specified by the Borrower pursuant to clause 3.2 but so that: 3.3.1 the initial first Interest Period in respect of the Loan shall commence on the Drawdown Date and each subsequent Interest Period shall commence on the last day of the previous Interest Period; 3.3.2 if any Interest Period would otherwise overrun a Repayment Date, then, in the case of the last Repayment Date, such Interest Period shall end on such Repayment Date, and, and in the case of any other Repayment Date or Repayment Dates, Dates the Loan shall be divided into parts so that there is one part in the amount of the repayment instalment due on each Repayment Date falling during that Interest Period and having an Interest Period ending on the relevant Repayment Date and another part in the amount of the balance of the Loan having an Interest Period ascertained in accordance with clause 3.2 and the other provisions of this clause 3.3; and 3.3.3 if the Borrower fails to specify the duration of an Interest Period in accordance with the provisions of clause 3.2 and this clause 3.3 such Interest Period shall have a duration of three (3) months or such other period as shall comply with this clause 3.3.

Determination of Interest Periods. Every Interest Period shall be of the duration specified by the Borrower Borrowers pursuant to clause 3.2 3.2, but so that: 3.3.1 the initial Interest Period in respect of the Loan each Advance shall commence on the Drawdown Date for such Advance and each subsequent Interest Period for such Advance shall commence on the last day of the previous Interest PeriodPeriod for such Advance; 3.3.2 the initial Interest Period for each Advance (other than the first Advance to be drawn down) shall end on the last day of the then current Interest Period for the Loan and, on such day, the drawn Advances shall be consolidated into and shall thereafter constitute the Loan; 3.3.3 if any Interest Period would otherwise overrun a Repayment Date, then, in the case of the last Repayment Date, such Interest Period shall end on such Repayment Date, and, and in the case of any other Repayment Date or Repayment Dates, the Loan shall be divided into parts so that there is one part in the amount of the repayment instalment due on each Repayment Date falling during that Interest Period and having an Interest Period ending on the relevant Repayment Date and another part in the amount of the balance of the Loan having an Interest Period ascertained in accordance with clause 3.2 and the other provisions of this clause 3.3; and 3.3.3 3.3.4 if the Borrower fails Borrowers fail to specify the duration of an Interest Period in accordance with the provisions of clause 3.2 and this clause 3.3 such Interest Period shall have a duration of three (3) months or such other period as shall comply with this clause 3.3.

Determination of Interest Periods. Every Interest Period shall be of the duration specified by the Borrower Borrowers pursuant to clause 3.2 but so that: 3.3.1 the initial Interest Period in respect of the Loan shall commence on the Drawdown Date and each subsequent Interest Period shall commence on the last day of the previous Interest Period; 3.3.2 if any Interest Period would otherwise overrun a Repayment Date, then, in the case of the last Repayment Date, such Interest Period shall end on such Repayment Date, and, and in the case of any other Repayment Date or Repayment Dates, the Loan shall be divided into parts so that there is one part in the amount of the repayment instalment due on each Repayment Date falling during that Interest Period and having an Interest Period ending on the relevant Repayment Date and another part in the amount of the balance of the Loan having an Interest Period ascertained in accordance with clause 3.2 and the other provisions of this clause 3.3; and 3.3.3 if the Borrower fails Borrowers fail to specify the duration of an Interest Period in accordance with the provisions of clause 3.2 and this clause 3.3 such Interest Period shall have a duration of three (3) months or such other period as shall comply with this clause 3.3.

Determination of Interest Periods. Every Subject to Clause 3. 3.1 every Interest Period shall be of the duration specified by the Borrower pursuant to clause 3.2 but so that: 3.3.1 the initial first Interest Period in respect of the Loan shall commence start on the Drawdown Date and each subsequent Interest Period shall commence start on the last day of the previous Interest Period; 3.3.2 if any Interest Period would otherwise overrun a relevant Repayment Date, in the case of the last Repayment Date, such Interest Period shall end on such Repayment Date, and, in the case of any other Repayment Date or Repayment Dates, then the Loan shall be divided into parts so that there is one part in the amount of the repayment instalment due on each such Repayment Date falling during that Interest Period and having an Interest Period ending on the relevant Repayment Date and another part in the amount of the balance of the Loan having an Interest Period ascertained in accordance with clause 3.2 and the other provisions of this clause 3.3; and; 3.3.3 if the Borrower fails to specify the duration of an Interest Period in accordance with the provisions of clause 3.2 and this clause 3.3 3.3, such Interest Period shall have a duration of three (3) months or such other period as shall comply with this clause 3.3.