Common use of Fixed Rate of Interest Clause in Contracts

Fixed Rate of Interest. Subject to Condition 3(g), interest is payable on each Interest Payment Date at a rate of 10.00 per cent. per annum (the “Rate of Interest”) and shall be calculated in accordance with these Conditions on each Interest Payment Date in respect of each CCN.

Fixed Rate of Interest. Subject to Condition 3(g), interest is payable on each Interest Payment Date at a rate of 10.00 per cent. per annum (the “Rate of Interest”) and shall be calculated by the Calculation Agent in accordance with these Conditions the Agency Deed on each Interest Payment Date in respect of each CCN.