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Common use of Interest Reset Clause in Contracts

Interest Reset. The rate of Interest stipulated will be subject to revision and shall be reset, as per the terms laid down in the Schedule and the Borrower shall thereafter pay interest at such reset rate.

Appears in 3 contracts

Sources: Dropline Overdraft Facility Agreement, Dropline Overdraft Facility Agreement, Dropline Overdraft Facility Agreement

Related Clauses

  • Interest Reset Dates
  • Interest Reserve
  • Interest Reserve Account
  • Payment of Interest; Interest Rights Preserved; Optional Interest Reset
  • Interest Payment Dates; Interest and Fee Basis

Parent Clauses

  • Facility and Terms of the Facility
  • Loan and Terms of the Loan
  • Security
  • Guarantee(if applicable
  • Interest

Sub-Clauses

  • Fees, Charges, Duties and Taxes
  • Notification of rates of interest
  • Interest Reset
  • Fees for Unsecured Loan Advances
  • Springdale Lender Agent' Fees
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