Common use of Minimum Interest Balance Clause in Contracts

Minimum Interest Balance. 9.1 If on any day a debit Facility Balance is less than the Minimum Interest Balance, interest will be calculated at the Variable Rate on the Minimum Interest Balance less any Fixed Rate Loans. Interest on any Fixed Rate Loans forming part of such a Facility Balance will be payable at the Fixed Rate. 9.2 This Clause 9 will apply from the date that is 30 calendar days after the first Loan under the Margin Loan Facility unless otherwise agreed by the Lender.

Appears in 6 contracts

Samples: Margin Loan Revised Terms and Conditions, Margin Loan Revised Terms and Conditions, Margin Loan Revised Terms and Conditions

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