Common use of Calculation Basis Clause in Contracts

Calculation Basis. If any Syndicate Member intends to submit any requirement in accordance with the Article 16.2, Article 16.3 and Article 16.4 hereof, it shall give notice to the Agent Bank specifying the specific basis for amount calculation. The Agent Bank shall give prompt notice to the Borrower immediately following receiving such notice.

Appears in 2 contracts

Sources: Syndicated Loan Agreement, Syndicated Loan Agreement (Daqo New Energy Corp.)