Common use of General Clause in Contracts

General. 4.4.A No prejudice to Article 10 This Article 4 shall not prejudice Article 10. A repaid or prepaid amount may not be reborrowed. Any amount due by way of interest, indemnity or the Deferment Fee from the Borrower under this Contract, and calculated in respect of a fraction of a year, shall be determined on the following respective conventions: (a) under a Fixed Rate Tranche, a year of 360 (three hundred and sixty) days and a month of 30 (thirty) days; and (b) under a Floating Rate Tranche, a year of 360 (three hundred and sixty) days and the number of days elapsed.

Appears in 1 contract

Sources: Financial Agreement

General. 4.4.A No prejudice to Article 10 This Article 4 shall not prejudice Article 10. A repaid or prepaid amount may not be reborrowed. 5.1 Day count convention Any amount due by way of interest, indemnity or the Deferment Fee from the Borrower under this Contract, and calculated in respect of a fraction of a year, shall be determined on the following respective conventions: (a) under a Fixed Rate Tranche, a year of 360 (three hundred and sixty) days and a month of 30 (thirty) days; and (b) under a Floating Rate Tranche, a year of 360 (three hundred and sixty) days and the number of days elapsed.

Appears in 1 contract

Sources: Financial Agreement