Common use of Calculation and payment of interest Clause in Contracts

Calculation and payment of interest. The Borrower shall pay accrued interest on Drawdown(s) on each Payment Date. The amount of interest payable by the Borrower on a relevant Payment Date and for a relevant Interest Period shall be equal to the sum of any interest owed by the Borrower on the amount of the Outstanding Principal in respect of each Drawdown. Interest owed by the Borrower in respect of each Drawdown shall be calculated on the basis of: (i) the Outstanding Principal owed by the Borrower in respect of the relevant Drawdown as at the immediately preceding Payment Date or, in the case of the first Interest Period, on the corresponding Drawdown Date; (ii) the exact number of days which have accrued during the relevant Interest Period on the basis of a three hundred and sixty (360) day year; and (iii) the applicable Interest Rate determined in accordance with the provisions of Clause 4.1 (Interest Rate).

Calculation and payment of interest. The Borrower shall pay accrued interest on Drawdown(s) the Drawdown on each Payment Date. The amount of interest payable by the Borrower on a relevant Payment Date and for a relevant Interest Period shall be equal to the sum of any interest owed by the Borrower on the amount of the Outstanding Principal in respect of each the Drawdown. Interest owed by the Borrower in respect of each the Drawdown shall be calculated on the basis of: (i) the Outstanding Principal owed by the Borrower in respect of the relevant Drawdown as at the immediately preceding Payment Date or, in the case of the first Interest Period, on the corresponding Drawdown Date; (ii) the exact number of days which have accrued during the relevant Interest Period on the basis of a three hundred and sixty (360) day year; and (iii) the applicable Interest Rate determined in accordance with the provisions of Clause 4.1 (Interest Rate).

Calculation and payment of interest. The Borrower shall pay accrued interest on Drawdown(s) the Drawdown on each Payment Date. The amount of interest payable by the Borrower on a relevant Payment Date and for a relevant Interest Period shall be equal to the sum of any interest owed by the Borrower on the amount of the Outstanding Principal in respect of each the Drawdown. Interest owed by the Borrower in respect of each the Drawdown shall be calculated on the basis of: (ia) the Outstanding Principal owed by the Borrower in respect of the relevant Drawdown as at the immediately preceding Payment Date or, in the case of the first Interest Period, on the corresponding Drawdown Date; (iib) the exact number of days which have accrued during the relevant Interest Period on the basis of a three hundred and sixty (360) day year; and (iiic) the applicable Interest Rate determined in accordance with the provisions of Clause 4.1 (Interest Rate).

Calculation and payment of interest. The Borrower shall pay accrued interest on Drawdown(s) on each Payment Date. The amount of interest payable by the Borrower on a relevant Payment Date and for a relevant Interest Period shall be equal to the sum of any interest owed by the Borrower on the amount of the Outstanding Principal in respect of each Drawdown. Interest owed by the Borrower in respect of each Drawdown shall be calculated on the basis of: (ia) the Outstanding Principal owed by the Borrower in respect of the relevant Drawdown as at the immediately preceding Payment Date or, in the case of the first Interest Period, on the corresponding Drawdown Date; (iib) the exact number of days which have accrued during the relevant Interest Period on the basis of a three hundred and sixty (360) day year; and (iiic) the applicable Interest Rate determined in accordance with the provisions of Clause 4.1 6.1 (Interest Rate)Rate applicable to a Credit) of the Framework Agreement.