Payment and Calculation of Interest on Revolving Advances Clause Samples
Payment and Calculation of Interest on Revolving Advances. 8.1 Payment of Interest On the Repayment Date relating to each Revolving Advance (and, if the Term of such Revolving Advance exceeds six months, on the expiry of each period of six months during such Term) the Borrower to which such Revolving Advance has been made shall pay accrued interest on that Revolving Advance.
Payment and Calculation of Interest on Revolving Advances. 7.1 Payment of Interest On the Repayment Date relating to each Revolving Advance and, if the Term of such Revolving Advance exceeds six months, on the expiry of each period of six months during such Term, the Borrower to whom such Revolving Advance has been made shall pay accrued interest on that Revolving Advance.
7.2 Calculation of Interest The rate of interest applicable to a Revolving Advance from time to time during its Term shall be the rate per annum which is the sum of:
7.2.1 the Margin at such time;
7.2.2 the Mandatory Cost Rate; and
Payment and Calculation of Interest on Revolving Advances. 7.1 Payment of Interest On the Repayment Date relating to each Revolving Advance the Borrower to which such Revolving Advance has been made shall pay accrued interest on that Revolving Advance.
Payment and Calculation of Interest on Revolving Advances