Common use of Notification of interest Clause in Contracts

Notification of interest. The Bank shall notify the Borrower promptly of the duration of each Interest Period and of each rate of interest determined by it under this Clause 3 without prejudice to the right of the Bank to make determination at its sole discretion. In the event that the Bank fails to notify the Borrower as above, such failure will not affect the validity of the determination of the Interest Period and the Interest Rate made pursuant to Clause 3.

Notification of interest. The Bank shall notify the Borrower Borrowers promptly of the duration of each Interest Period and of each rate of interest Interest Rate determined by it the Bank under this Clause 3 without prejudice to the right of the Bank to make determination at its sole discretion3. In the event case that the Bank fails to notify the Borrower Borrowers as above, such failure will not affect the validity of the determination of the Interest Rate or of any Interest Period. Each determination of an interest rate, or of any Interest Period and made by the Interest Rate made pursuant to Bank in accordance with Clause 3, shall be final and conclusive.

Notification of interest. The Bank shall notify the Borrower promptly of the duration of each Interest Period and of each rate of interest determined by it under this Clause 3 without prejudice to the right of the Bank to make determination determinations at its sole discretion. In the event case that the Bank fails to notify the Borrower as above, such failure will not affect the validity of the determination of the Interest Period and the Interest Rate made pursuant to Clause 33 and neither constitute nor will be interpreted as if to constitute a breach of obligation of the Bank except in case of wilful misconduct.

Notification of interest. The Bank shall notify the Borrower promptly of the duration of each Interest Period and of each rate of interest Interest Rate determined by it under this Clause 3 without prejudice to the right of the Bank to make determination at its sole discretion3. In the event case that the Bank fails to notify the Borrower as above, such failure will not affect the validity of the determination of the Interest Period and the Interest Rate. Each determination of an Interest Rate made pursuant to by the Bank in accordance with Clause 33 of this Agreement shall be final and conclusive.