Common use of Notification of interest Clause in Contracts

Notification of interest. Interest on a Drawing is payable in immediately available funds. The Financier will notify the Obligors’ Agent of the interest rates determined under this agreement as soon as they are ascertained. Failure to do so will not affect the obligations of a Borrower in any way.

Appears in 3 contracts

Samples: Bullet Facility Agreement (James Hardie Industries Se), Bullet Facility Agreement (Hardie James Industries Nv), Bullet Facility Agreement (Hardie James Industries Nv)

AutoNDA by SimpleDocs

Notification of interest. Interest on a Drawing is payable in immediately available funds. The Financier will notify the Obligors’ Agent of the interest rates determined under this agreement as soon as they are ascertained. Failure to do so will not affect the obligations of a the Borrower in any way.

Appears in 2 contracts

Samples: Term Facility Agreement (James Hardie Industries Se), 364 Day Facility Agreement (James Hardie Industries N.V.)

AutoNDA by SimpleDocs

Notification of interest. Interest on a Drawing is payable in immediately available funds. The Financier will notify the Obligors' Agent of the interest rates determined under this agreement as soon as they are ascertained. Failure to do so will not affect the obligations of a the Borrower in any way.

Appears in 2 contracts

Samples: 364 Day Facility Agreement (Hardie James Industries Nv), Term Facility Agreement (Hardie James Industries Nv)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!