Common use of Selection of Interest Rate Clause in Contracts

Selection of Interest Rate. For each Drawdown, the Borrower may select a fixed Interest Rate or a floating Interest Rate, which shall apply to the amount set out in the relevant Drawdown Request, by stating the selected Interest Rate, i.e., fixed or floating, in the Drawdown Request delivered to the Lender substantially in the form set out in Schedule 5A (Form of Drawdown Request), subject to the following conditions: (i) Floating Interest Rate The Borrower may select a floating Interest Rate, which shall be the percentage rate per annum, being the aggregate of: - six-month EURIBOR, or, as the case may be, the Replacement Benchmark plus any Adjustment Margin, as determined in accordance with the provisions of Clause 5 (Change to the calculation of interest) of the Agreement; and - the Margin. Notwithstanding the above, in the case of the first Drawdown, if the first Interest Period is less than one hundred and thirty-five (135) days, the applicable EURIBOR shall be: - one-month EURIBOR, or, as the case may be, the Replacement Benchmark plus any Adjustment Margin, as determined in accordance with the provisions of Clause 5 (Change to the calculation of interest) of the Agreement, if the first Interest Period is less than sixty

Selection of Interest Rate. For each Drawdown, the The Borrower may select a fixed Interest Rate or a floating Interest RateRate for the Facility, which shall apply to the amount set out in the relevant Drawdown Request, by stating the selected Interest Rate, i.e., fixed or floating, in the Drawdown Request delivered to the Lender substantially in the form set out in Schedule 5A (Form of Drawdown Rate Conversion Request), subject to the following conditions: (ia) Floating Interest Rate The Borrower may select a floating Interest Rate, which shall be the percentage rate per annum, being the aggregate of: - six-month EURIBOR, or, as the case may be, the Replacement Benchmark plus any Adjustment Margin, as determined in accordance with the provisions of Clause 5 (Change to the calculation of interest) of the Agreement; and - the Margin. Notwithstanding the above, for each Drawdown, in the case of the first DrawdownInterest Period, if the first Interest Period is less than one hundred and thirty-five (135) days, the applicable EURIBOR shall be: - one-month EURIBOR, or, as the case may be, the Replacement Benchmark plus any Adjustment Margin, as determined in accordance with the provisions of Clause 5 (Change to the calculation of interest) of the Agreement, if the first Interest Period is less than sixty