Common use of Determination of Interest Periods Clause in Contracts

Determination of Interest Periods. Subject to Clause 3.3.1 every Interest Period shall be of the duration specified by the Borrowers pursuant to clause 3.2 but so that: 3.3.1 the first Interest Period in respect of each Advance shall start on the Drawdown Date in respect thereof, and each subsequent Interest Period shall start on the last day of the previous Interest Period; 3.3.2 if any Interest Period would otherwise overrun a relevant Repayment Date, then the relevant Advance shall be divided into parts so that there is one part in the amount of the repayment instalment due on such Repayment Date and having an Interest Period ending on the relevant Repayment Date and another part in the amount of the balance of that Advance 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 Borrowers fail to specify the length of an Interest Period in accordance with the provisions of clause 3.2 and this clause 3.3 such Interest Period shall last three months or such other period as complies with this clause 3.3.

Determination of Interest Periods. Subject to Clause 3.3.1 every Interest Period shall be of the duration specified by the Borrowers pursuant to in clause 3.2 but so that: 3.3.1 the first Interest Period in respect of each Advance shall start on the Drawdown Date in respect thereof, and terminate on the first Repayment Date and each subsequent Interest Period shall start on the last day of the previous Interest Period provided that each Repayment Date shall be the final day of an Interest Period; 3.3.2 if any Interest Period would otherwise overrun a relevant Repayment Date, then the relevant Advance Loan shall be divided into parts so that there is one part in the amount of the repayment instalment due on such Repayment Date and having an Interest Period ending on the relevant Repayment Date and another part in the amount of the balance of that Advance 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 Borrowers fail Borrower fails to specify the length 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 last have a duration of three (3) months or such other period as complies shall comply with this clause 3.3.

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

Determination of Interest Periods. Subject to Clause 3.3.1 every Every Interest Period shall be of the duration specified by the Borrowers Borrower pursuant to clause 3.2 but so that: 3.3.1 (a) the first Interest Period in respect of each Advance the Loan shall start commence on the Drawdown Date in respect thereof, and each subsequent Interest Period for the Loan shall start commence on the last day of the previous Interest Period; 3.3.2 (b) if any Interest Period would otherwise overrun a relevant Repayment Date, then the relevant Advance Loan shall be divided into parts parts, so that there is one part in the aggregate amount of the repayment instalment due on such 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 that Advance 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 (c) if the Borrowers fail Borrower fails to specify the length duration of an Interest Period in accordance with the provisions of clause 3.2 and this clause 3.3 such Interest Period shall last have a duration of three (3) months or such other period as complies shall comply with this clause 3.3.

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

Determination of Interest Periods. Subject to Clause 3.3.1 every Interest Period shall be of the duration specified by the Borrowers pursuant to clause 3.2 but so that: 3.3.1 the first Interest Period in respect of each Advance Tranche shall start on the Drawdown Date in respect thereofof that Tranche, and each subsequent Interest Period shall start on the last day of the previous Interest Period; 3.3.2 if any Interest Period would otherwise overrun a relevant Repayment Date, then the relevant Advance Tranche shall be divided into parts so that there is one part in the amount of the repayment instalment due on such Repayment Date and having an Interest Period ending on the relevant Repayment Date and another part in the amount of the balance of that Advance the relevant Tranche 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 Borrowers fail to specify the length of an Interest Period in accordance with the provisions of clause 3.2 and this clause 3.3 such Interest Period shall last three months or such other period as complies with this clause 3.3.