Common use of Period of Accrual Clause in Contracts

Period of Accrual. Each Note bears interest on its Principal Amount Outstanding from (and including) the Closing Date. Each Note (or, in the case of redemption in part only of a Note, that part only of such Note) shall cease to bear interest from its due date for redemption unless, upon due presentation, payment of the relevant amount of principal or any part thereof is improperly withheld or refused. In such event, interest will continue to accrue on such unpaid amount (before as well as after any judgment) at the rate applicable to such Note up to (but excluding) the date on which, on presentation of such Note, payment in full of the relevant amount of principal is made, or (if earlier) the seventh day after notice is duly given by the Principal Paying Agent or the US Paying Agent, as the case may be, to the Holder thereof (either in accordance with Condition 14 or individually) that upon presentation thereof being duly made, such payment will be made, provided that upon presentation thereof being duly made, payment is in fact made. Whenever it is necessary to compute an amount of interest in respect of the Notes for any period (including any Interest Period), such interest shall be calculated:

Period of Accrual. Each First Issuer Note bears interest on its Principal Amount Outstanding from (and including) the Closing Date. Each First Issuer Note (or, in the case of redemption in part only of a First Issuer Note, that part only of such First Issuer Note) shall cease to bear interest from its due date for redemption unless, upon due presentation, unless payment of the relevant amount of principal or any part thereof is improperly withheld or refused. In such event, interest will continue to accrue on such unpaid amount (before as well as after any judgment) at the rate applicable to such First Issuer Note up to (but excluding) the date on which, on presentation of such Note, which payment in full of the relevant amount of principal is made, or (if earlier) the seventh day after notice is duly given by the Principal Paying Agent or the US Paying Agent, as the case may be, to the Holder holder thereof (either in accordance with Condition 14 or individually) that upon presentation thereof being duly made, such payment will be made, provided that upon presentation thereof being duly madethat, subsequently, payment is in fact made. Whenever it is necessary to compute an amount of interest in respect of the First Issuer Notes for any period (including any Interest PeriodPeriod (as defined below)), such interest shall be calculated: