Common use of Floating Rate Tranches Clause in Contracts

Floating Rate Tranches. The Borrower shall pay interest on the outstanding balance of each Floating Rate Tranche at the Floating Rate quarterly or semi-annually in arrear on the relevant Payment Dates, as specified in the Disbursement Offer commencing on the first such Payment Date following the Disbursement Date of the Tranche. If the period from the Disbursement Date to the first Payment Date is 15 (fifteen) days or less then the payment of interest accrued during such period shall be postponed to the following Payment Date. The Bank shall notify the Borrower of the Floating Rate within 10 (ten) days following the commencement of each Floating Rate Reference Period. If pursuant to Articles 1.5 and 1.6 disbursement of any Floating Rate Tranche takes place after the Scheduled Disbursement Date, EURIBOR applicable to the first Floating Rate Reference Period shall be determined in accordance with Schedule B for the Floating Rate Reference Period commencing on the Disbursement Date and not on the Scheduled Disbursement Date. Interest shall be calculated in respect of each Floating Rate Reference Period on the basis of Article 5.1(b).

Floating Rate Tranches. ‌ The Borrower shall pay interest on the outstanding balance of each Floating Rate Tranche at the Floating Rate quarterly or semi-annually in arrear on the relevant Payment Dates, as specified in the Disbursement Offer commencing on the first such Payment Date following the Disbursement Date of the Tranche. If the period from the Disbursement Date to the first Payment Date is 15 (fifteen) days or less then the payment of interest accrued during such period shall be postponed to the following Payment Date. The Bank shall notify the Borrower of the Floating Rate within 10 (ten) days following the commencement of each Floating Rate Reference Period. If pursuant to Articles 1.5 and 1.6 disbursement of any Floating Rate Tranche takes place after the Scheduled Disbursement Date, EURIBOR applicable to the first Floating Rate Reference Period shall be determined in accordance with Schedule B for the Floating Rate Reference Period commencing on the Disbursement Date and not on the Scheduled Disbursement Date. Interest shall be calculated in respect of each Floating Rate Reference Period on the basis of Article 5.1(b).

Floating Rate Tranches. ‌ The Borrower shall pay interest on the outstanding balance of each Floating Rate Tranche at the Floating Rate quarterly or quarterly, semi-annually or annually in arrear arrears on the relevant Payment Dates, as specified in the Disbursement Offer commencing on the first such Payment Date following the Disbursement Date of the Tranche. If the period from the Disbursement Date to the first Payment Date is 15 (fifteen) days or less then the payment of interest accrued during such period shall be postponed to the following Payment Date. The Bank shall notify the Borrower of the Floating Rate within 10 (ten) days following the commencement of each Floating Rate Reference Period. If pursuant to Articles 1.5 and 1.6 disbursement of any Floating Rate Tranche takes place after the Scheduled Disbursement Date, EURIBOR Date the Relevant Interbank Rate applicable to the first Floating Rate Reference Period shall be determined in accordance with Schedule B for apply as though the Floating Rate Reference Period commencing on the Disbursement Date and not disbursement had been made on the Scheduled Disbursement Date. Interest shall be calculated in respect of each Floating Rate Reference Period on the basis of Article 5.1(b).

Floating Rate Tranches. The Borrower shall pay interest on the outstanding balance of each Floating Rate Tranche at the Floating Rate quarterly or quarterly, semi-annually or annually in arrear arrears on the relevant Payment Dates, as specified in the Disbursement Offer Notice commencing on the first such Payment Date following the Disbursement Date date of disbursement of the Tranche. If the period from the Disbursement Date date on which disbursement was made to the first Payment Date is 15 (fifteen) days or less then the payment of interest accrued during such period shall be postponed to the following Payment Date. The Bank shall notify the Borrower of the Floating Rate to the Borrower within 10 (ten) days following the commencement of each Floating Rate Reference Period. If pursuant to Articles 1.5 1.05 and 1.6 1.06 disbursement of any Floating Rate Tranche takes place after the Scheduled Disbursement Date, EURIBOR Date the interest rate applicable to the first Floating Rate Reference Period shall be determined in accordance with Schedule B for the Floating Rate Reference Period commencing on the Disbursement Date and not as though disbursement had taken place on the Scheduled Disbursement Date. Interest shall be calculated in respect of each Floating Rate Reference Period on the basis of Article 5.1(b5.01(b).