Common use of Notice of Interest Rate Clause in Contracts

Notice of Interest Rate. Lender (or a Loan Servicer on behalf of Lender) shall, prior to the commencement of each Interest Period, determine and provide Borrower with a statement of the Eurodollar Rate applicable for the related Interest Period and the applicable interest rate for the related Interest Period. After determining the applicable interest rate, Lender (or a Loan Servicer on behalf of Lender) shall calculate the aggregate interest payment payable on the outstanding Advances on the relevant Interest Payment Date and shall, as soon as practicable, notify Borrower of such rates and the amount of the applicable interest installments. The determination of the interest rate payable on the outstanding Advances and the calculation of each interest installment by Lender (or a Loan Servicer on behalf of Lender) shall, in the absence of manifest error, be presumptive evidence of the amount due; PROVIDED, HOWEVER, that any error in the determination of such interest rates and the calculation of each interest installment made by Lender (or a Loan Servicer on behalf of Lender) shall not relieve Borrower from its obligations hereunder.

Notice of Interest Rate. The Lender (or a Loan Servicer on behalf of Lender) shall, prior to the commencement of on each Interest PeriodDetermination Date, determine and provide and provide Borrower with a statement of the Eurodollar Rate applicable for the next succeeding related Interest Period and the applicable interest rate for the related such Interest Period. After determining the applicable interest rate, the Lender (or a Loan Servicer on behalf of the Lender) shall calculate the aggregate interest payment payable on the outstanding Advances Loan on the relevant next succeeding Interest Payment Date and shall, as soon as practicable, notify Borrower of such rates and the amount of the applicable interest installments. The determination of the interest rate payable on the outstanding Advances Loan and the calculation of each interest installment by the Lender (or a Loan Servicer on behalf of the Lender) shall, in the absence of manifest error, be presumptive evidence of the amount duefinal and binding; PROVIDEDprovided, HOWEVERhowever, that any error in the determination of such interest rates and the calculation of each interest installment made by the Lender (or a Loan Servicer on behalf of the Lender) shall not relieve Borrower from its their obligations hereunder, but, Borrower shall not be required to pay any erroneous amounts. SECTION 2.06.

Notice of Interest Rate. Lender (or a Loan Servicer on behalf of Lender) shall, prior to the commencement of each Interest Period, determine and provide Borrower with a statement of the Eurodollar Rate applicable for the related Interest Period and the applicable interest rate for the related Interest Period. After determining the applicable interest rate, Lender (or a Loan Servicer on behalf of Lender) shall calculate the aggregate interest payment payable on the outstanding Advances on the relevant Interest Payment Date and shall, as soon as practicable, notify Borrower of such rates and the amount of the applicable interest installments. The determination of the interest rate payable on the outstanding Advances and the calculation of each interest installment by Lender (or a Loan Servicer on behalf of Lender) shall, in the absence of manifest error, be presumptive evidence of the amount due; PROVIDEDprovided, HOWEVERhowever, that any error in the determination of such interest rates and the calculation of each interest installment made by Lender (or a Loan Servicer on behalf of Lender) shall not relieve Borrower from its obligations hereunder.