Common use of Pro rata interest settlement Clause in Contracts

Pro rata interest settlement. 26.5.1 If the Agent has notified the Banks that it is able to distribute interest payments on a “pro rata basis” to Existing Banks and New Banks then (in respect of any transfer pursuant to Clause 26.2 (Transfer by Banks) or a novation pursuant to Clause 26.3 (Procedure for novations) the date on which the transfer or novation effective (the “Transfer Date”) of which, in each case, is after the date of such notification and is not on the last day of a Term):

Pro rata interest settlement. 26.5.1 If the Agent has notified the Banks that it is able to distribute interest payments on a “pro rata basis” to Existing Banks and New Banks then (in respect of any transfer pursuant to Clause 26.2 (Transfer by Banks) or a novation pursuant to Clause 26.3 (Procedure for novations) the date on which the transfer or novation effective (the “Transfer Date”) of which, in each case, is after the date of such notification and is not on the last day of a TermTerm End Date):

Pro rata interest settlement. 26.5.1 (a) If the Agent has notified the Issuing Banks that it is able to distribute interest payments on a “pro rata basis” to Existing Issuing Banks and New Issuing Banks then (in respect of any transfer pursuant to Clause 26.2 19.5 (Transfer by BanksProcedure for transfer) or a novation any assignment pursuant to Clause 26.3 19.6 (Procedure for novationsassignment) the date on which the transfer or novation effective (the “Transfer Date”) Date of which, in each case, is after the date of such notification and is not on the last day of a Terman Interest Period):

Pro rata interest settlement. 26.5.1 If the Agent has notified the Banks that it is able to distribute interest payments on a “pro rata basis” basis to Existing Banks and New Banks then (in respect of any transfer pursuant to Clause 26.2 (Transfer by Banks) or a novation pursuant to Clause 26.3 28.3 (Procedure for novations) the date on Transfer Date of which the transfer or novation effective (the “Transfer Date”) of which, in each case, is after the date of such notification and is not on the last day of a Terman Interest Period):

Pro rata interest settlement. 26.5.1 If the Agent has notified the Banks that it is able to distribute interest payments on a “"pro rata basis” " to Existing Banks and New Banks then (in respect of any transfer pursuant to Clause 26.2 (Transfer Transfers by Banks) or a novation pursuant to Clause 26.3 (Procedure for novations) the date on which the transfer or novation effective (the “"Transfer Date”") of which, in each case, is after the date of such notification and is not on the last day of a TermTerm End Date):