Common use of Margin Inaccuracy Clause in Contracts

Margin Inaccuracy. If any annual audited financial statements delivered under Clause 22.8(d)(i) (Financial Statements) demonstrate that the Margin: (a) should have been varied in accordance with Clause 9.7 (Margin Adjustment) when it has not been; or (b) should not have been varied in accordance with Clause 9.7 (Margin Adjustment) when it has been, in either case by reason of an inaccuracy in the relevant financial statements for an Accounting Quarter, the Parent shall pay to the Agent for the account of the Banks such additional amount of interest as would have been payable had the Margin been set at the correct level as demonstrated by the audited financial statements.