Variation of Interest Rate. (a) Regardless of any other provisions in this Agreement and/or the Letter of Offer, the Bank is entitled to vary at any time:
Variation of Interest Rate. If the rate of interest chargeable shall be varied in the manner herein provided prior to or after the full disbursement/drawdown of the Operating Overdraft Facility, interest at the new rate shall be calculated on the Operating Overdraft Facility herein advanced on the date such amended or new rate of interest is imposed or takes effect.
Variation of Interest Rate. (i) Notwithstanding the provisions relating to the Prescribed Rate or the rate of interest or the default rate or charges in this Agreement, the Bank reserves the right at any time and from time to time at its absolute discretion shall be entitled by notice in writing to vary the amount, rate, mode or method of calculation of interest, including its Base Lending Rate and the percentage above the Base Lending Rate by placing in one issue of any daily newspaper of the Bank’s choice a general notice of change of the Base Lending Rate addressed to the public generally or by serving a notice in writing on Borrower and such change or variation shall be effective from the date specified in such notice PROVIDED THAT any failure of or delay on the part of the Bank to place the advertisement or to give notice shall not release, exonerate or discharge the Borrower from his obligations and liabilities to pay interest at the new rate from the specified date.
Variation of Interest Rate. If the rate of interest chargeable shall be varied in the manner herein provided prior to or after the full disbursement/drawdown of the Revolving Term Loan, interest at the new rate shall be calculated on the Revolving Term Loan herein advanced on the date such amended or new rate of interest is imposed or takes effect.
Variation of Interest Rate. Notwithstanding the provisions relating to the rate of interest as hereinbefore provided the Lender shall be entitled at any time and from time to time to vary at its discretion such rate of interest by serving a notice in writing on the Borrower of such its intention and such amended rate of interest shall be payable as from the date specified in the said notice and such notice shall be binding on the Borrower and the Assignor. Service of such notice shall be effected in the same manner as hereinafter provided in Clause 42 hereof. For the avoidance of doubt, it is hereby expressly agreed that the Borrower and the Assignor hereby irrevocably waive the requirement of the service of the said notice if the variation of the interest rate relates solely to the variation in the Base Lending Rate of the Lender.
Variation of Interest Rate. (i) Notwithstanding the provisions relating to the rate of interest or the Prescribed Rate as herein provided in Schedule B and/or Schedule C and/or Schedule D hereto the Bank shall be entitled at any time and from time to time to vary (which variation may take place by either varying the Prescribed Rate or the Base Lending Rate or, if the term Base Lending Rate is no longer used or applicable, such rate of interest by whatsoever term or name called as representing the rate of interest quoted by the Bank for its best customers from time to time, or the Bank's matching cost of funds or the Bank’s prevailing cost of funds or otherwise or the margin or spread or quantum of interest payable over and above the Base Lending Rate or the Bank’s cost of funds or the percentage of interest itself in cases where the rate of interest is not calculated on the Base Lending Rate or the Bank’s prevailing cost of funds or a combination of any one or more of the methods aforesaid or in the entire manner or mode of computation or charging including varying or changing the basis upon which the rate of interest as herein provided or the Prescribed Rate is arrived) at its discretion such rate of interest by serving a notice in writing on the Borrower of such its intention and such amended rate of interest shall be payable as from the date specified in the said notice and such notice shall be conclusive and binding on the Borrower. Service of such notice shall be effected in the same manner as a notice demanding payment of the balance due as hereinbefore provided under Article VIII hereof.
Variation of Interest Rate. Except during a Fixed Rate Period, and in any case if there is default in payment by the Borrower, SBS has the right to vary the Ordinary Interest Rate or Default Interest Rate. Details of reviewed rates shall be given to the Borrower by Notice and shall take effect from the date specified in a Notice and if no date is fixed then on the commencement date of the next Interest Rate Period after the date of the Notice. Calculation of Interest: Interest will accrue daily (on the basis of a 365 day year) on the balance of the Loan outstanding at the then applicable Ordinary Interest Rate, and will be charged to the Loan Account on each monthly anniversary of the Date of Advance.
Variation of Interest Rate. (a) Notwithstanding the provisions relating to the rate of interest as hereinbefore provided, BPMB shall be entitled at any time and from time to time to vary at its discretion such rate of interest by serving a notice in writing on the Borrower of its intention and such amended rate of interest shall be payable as from the date specified in the said notice. Service of such notice shall be effected in the same manner as a notice demanding payment of the balance due as hereinafter provided.
Variation of Interest Rate. Commission ------------------------------------- Each of the Lenders reserve the right to vary from time to time and at its absolute discretion, the interest and/or commission payable by the Borrower to that Lender under this Agreement Provided that such right shall only be exercisable by that Lender upon the occurrence of an Event of Default or where such variation is made necessary as a result of any statutory and/or regulatory requirements imposed on the Borrower and/or the Lenders.
Variation of Interest Rate. (a) Notwithstanding the provisions relating to the Base Lending Rate and/or the percentage of interest imposed above the Base Lending Rate and/or the commission/discount rates as hereinabove provided, the Lender shall be entitled, from time to time (both before and after judgement or order) and without any requirement for the agreement of the Borrower(s), to vary at the discretion of the Lender the Base Lending Rate and/or such percentage of interest imposed above the Base Lending Rate (including changing entirely the basis upon which the Prescribed Rate and/or the Default Rate is arrived at) and/or the applicable rest period and/or the commission/discount rates in the manner hereinafter set out:-
