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:

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: