Common use of Duration of Interest Periods overrunning Repayment Date Clause in Contracts

Duration of Interest Periods overrunning Repayment Date. If the Borrowers have selected an Interest Period which would overrun a Repayment Date or Repayment Dates, then: (a) in the case of the final Repayment Date, the Interest Period shall end on the final Repayment Date; and (b) in the case of any other Repayment Date, the Loan shall be divided so that: (i) the amount of each repayment installment (or, as the case may be, the aggregate amount of installments payable on the same date pursuant to Clause 7.2) falling due before the end of the Interest Period selected shall have an Interest Period ending on the Repayment Date on which it falls (or, as the case may be, they fall) due; and (ii) the balance of the Loan from time to time outstanding during such Interest Period shall have an Interest Period ascertained in accordance with the provisions of Clause 5.1; and for this purpose alone may there be Interest Periods of different lengths in relation to the Loan.

Duration of Interest Periods overrunning Repayment Date. If the Borrowers have Borrower has selected an Interest Period which would overrun a Repayment Date or Repayment Dates, then: (a) in the case of the final Repayment Date, the Interest Period shall end on the final Repayment Date; and (b) in the case of any other Repayment Date, the Loan shall be divided so that: (i) the amount of each repayment installment (or, as the case may be, the aggregate amount of installments payable on the same date pursuant to Clause 7.2) falling due before the end of the Interest Period selected shall have an Interest Period ending on the Repayment Date on which it falls (or, as the case may be, they fall) due; and (ii) the balance of the Loan from time to time outstanding during such Interest Period shall have an Interest Period ascertained in accordance with the provisions of Clause 5.1; and for this purpose alone may there be Interest Periods of different lengths in relation to the Loan.

Duration of Interest Periods overrunning Repayment Date. If the Borrowers have Borrower has selected an Interest Period which would overrun a Repayment Date or Repayment Dates, then: (a) in the case of the final Repayment Date, the Interest Period shall end on the final Repayment Date; and (b) in the case of any other Repayment Date, the Loan shall be divided so that: (i) the amount of each repayment installment (or, as the case may be, the aggregate amount of installments payable on the same date pursuant to the relevant provisions of Clause 7.27) falling due before the end of the Interest Period selected shall have an Interest Period ending on the Repayment Date on which it falls (or, as the case may be, they fall) due; and (ii) the balance of the Loan from time to time outstanding during such Interest Period shall have an Interest Period ascertained in accordance with the provisions of Clause 5.1; and for this purpose alone may there be Interest Periods of different lengths in relation to the Loan.