RC Facility Sample Clauses
RC Facility. The Borrower shall pay interest on each Advance in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than three (3) months, by instalments, the first such instalment payable three (3) months from the commencement of the Interest Period and the subsequent instalments payable at intervals of three (3) months or, if shorter, the period from the date of the preceding instalment until the Interest Payment Date relative to such Interest Period) at the rate per annum determined by the Agent to be the aggregate of (a) the Margin, (b) LIBOR for such Interest Period and (c) the Mandatory Cost, if any.
RC Facility. At the rate specified in Item 6 of the First Schedule hereto, calculated as from the date when the RC Facility or any part(s) thereof are first disbursed to or on behalf of the Borrower by BPMB as hereinbefore prescribed and all interest payable shall be paid monthly commencing on the first (1st) day of the month after the expiry of one (1) month from the date of each drawdown of the RC Facility. Interest for any period less than a year shall accrue and be calculated on the basis of 365 day/year (366 days in a leap year) or twelve (12) calendar months.
RC Facility. The RC Facility shall be disbursed by BPMB to the Borrower after the execution of this Agreement and the Security Documents and presentation for registration with the appropriate registries and upon the observance and performance of the conditions and covenants contained in Sections 5.01, 5.02 and 5.03 hereof to be observed and performed by the Borrower.
RC Facility. Any amount of disbursement of the RC Facility shall be repayable within six (6) months from the date of each disbursement of the RC Facility.