Common use of Interest on Costs Clause in Contracts

Interest on Costs. If Costs arise, the Borrower will pay interest on such Costs (and interest on overdue interest) from the time the Costs arise until the Costs are paid as follows: (i) if such Costs arise under a Credit Agreement, then the interest will be paid on such Costs at the rate and with the frequency, and otherwise, in accordance with such Credit Agreement; and (ii) if such Costs arise solely under this Charge, without regard to a particular Agreement, then the Bank will attribute such Costs to any Credit Agreement that the Bank chooses and interest on such Costs will be payable at the rate, with the frequency, at the times, and otherwise, in accordance with such Credit Agreement.