Common use of Notification of rates of default interest Clause in Contracts

Notification of rates of default interest. The Facility Agent shall promptly notify the Borrowers of each interest rate determined by the Facility Agent under Clause 6.2; but this shall not be taken to imply that the Borrowers are liable to pay such interest only with effect from the date of the Facility Agent’s notification.

Notification of rates of default interest. The Facility Agent shall promptly notify the Borrowers Borrower of each interest rate determined by the Facility Agent under Clause 6.2; but this shall not be taken to imply that the Borrowers are Borrower or any other Obligor is liable to pay such interest only with effect from the date of the Facility Agent’s notification.

Notification of rates of default interest. The Facility Agent shall promptly notify the Borrowers Borrower of each interest rate determined by the Facility Agent under Clause 6.2; but this shall not be taken to imply that the Borrowers are Borrower is liable to pay such interest only with effect from the date of the Facility Agent’s notification.