Common use of Switch to Compounded Reference Rate Clause in Contracts

Switch to Compounded Reference Rate. Subject to Clause 8.2 (Delayed switch for existing Term Rate Loans), on and from the Rate Switch Date: (a) use of the Compounded Reference Rate will replace the use of the Term Reference Rate for the calculation of interest for the Loan or any part of the Loan; and (b) the Loan or any part of the Loan or Unpaid Sum shall be a "Compounded Rate Loan" and Clause 9.2 (Calculation of interest – Compounded Rate Loans) shall apply to the Loan, any such part of the Loan or Unpaid Sum.

Switch to Compounded Reference Rate. Subject to Clause 8.2 clause 10.1(b) (Delayed switch for existing Term Rate LoansLoan), on and from the Rate Switch DateDate for USD: (ai) use of the Compounded Reference Rate will replace the use of the Term Reference Rate for the calculation of interest for the Loan or any part of the LoanLoans in USD; and (bii) the Loan or any part of the Loan or Unpaid Sum in USD shall be a "Compounded Rate Loan" and Clause 9.2 clause 10.2 (Calculation of interest – Compounded Rate Loansinterest) shall apply to the Loan, any each such part of the Loan or Unpaid Sum.