Calculation of interest. The rate of interest on each Tranche under each Loan Facility for each Interest Period is 2.50% per annum.
Calculation of interest. Interest at the rates determined as aforesaid shall accrue from day to day, shall be calculated on the basis of the actual number of days elapsed and a 360 day year, and shall be paid in arrears on each Interest Payment Date. The certificate issued by the Lender as to the rate and amount of interest payable on any Interest Payment Date shall be conclusive and binding upon the Borrower in the absence of demonstrable error. Each determination of an interest rate made by the Lender in accordance with this Article shall be promptly notified by the Lender to the Borrower. Interest on the Loans under this Agreement shall accrue as follows: interest shall accrue on a simple interest basis.
Calculation of interest. Subject to Clause 10 (Changes to the Calculation of Interest), the rate of interest on each Loan for each Interest Period is the percentage rate per annum which is the aggregate of the applicable: