Common use of Determination of Interest Clause in Contracts

Determination of Interest. (a) Each Purchaser Agent shall determine such Purchaser’s Interest Rate and the Interest (including unpaid Interest, if any, due and payable on a prior Payment Date) to be paid by the Seller with respect to each Advance on each Payment Date for the related Accrual Period and shall advise the Servicer thereof on or before the third (3rd) Business Day prior to such Payment Date.

Determination of Interest. (a) Each Purchaser Agent shall determine such Purchaser’s Interest Rate and the Interest (including unpaid Interest, if any, due and payable on a prior Payment Date) to be paid by the Seller Sellers with respect to each the Advance outstanding on each Payment Date for the related Accrual Period and shall advise the Servicer thereof on or before the third fifth (3rd5th) Business Day prior to such Payment after the related Determination Date.

Determination of Interest. (a) Each applicable Purchaser Agent shall determine such Purchaser’s the applicable Interest Rate and the Interest for its related Purchaser (including unpaid InterestInterest related thereto, if any, due and payable on to a prior Payment Date) to be paid by the Seller with respect to each Advance on each Payment Date for the related Accrual Period and shall advise the Servicer thereof on or before the third (3rd) Business Day prior to such Payment Date.