Common use of Notification of interest Clause in Contracts

Notification of interest. The Bank shall notify the Borrowers promptly of each Interest Period and of each Interest Rate determined by the Bank under this Clause 3. In case that the Bank fails to notify the Borrowers as above, such failure will not affect the validity of the determination of the Interest Rate or of any Interest Period. Each determination of an interest rate, or of any Interest Period made by the Bank in accordance with Clause 3, shall be final and conclusive.

Notification of interest. The Bank shall notify the Borrowers Borrower promptly of the duration of each Interest Period and of each Interest Rate rate of interest determined by the Bank it under this Clause 33 without prejudice to the right of the Bank to make determination at its sole discretion. In case the event that the Bank fails to notify the Borrowers Borrower as above, such failure will not affect the validity of the determination of the Interest Period and the Interest Rate or of any Interest Period. Each determination of an interest rate, or of any Interest Period made by the Bank in accordance with pursuant to Clause 3, shall be final and conclusive.

Notification of interest. The Bank shall notify the Borrowers Borrower promptly of the duration of each Interest Period and of each Interest Rate determined by the Bank it under this Clause 3. In case that the Bank fails to notify the Borrowers Borrower as above, such failure will not affect the validity of the determination of the Interest Rate or of any Period and the Interest PeriodRate. Each determination of an interest rate, or of any Interest Period Rate made by the Bank in accordance with Clause 3, 3 of this Agreement shall be final and conclusive.