Common use of Calculation of interest – Compounded Rate Loans Clause in Contracts

Calculation of interest – Compounded Rate Loans. (a) In relation to each Interim Loan that is a Compounded Rate Loan in a Compounded Rate Currency for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable: (i) Margin; and (ii) Compounded Reference Rate for that day for that Compounded Rate Currency. (b) If any day during an Interest Period for a Compounded Rate Loan in a Compounded Rate Currency is not an applicable RFR Banking Day in relation thereto, the rate of interest on that Compounded Rate Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.

Calculation of interest – Compounded Rate Loans. (a) In relation If Clause 10.1 (Unavailability of Term SOFR) applies and subject to Clause 8.5 (Default Interest), the rate of interest on each Interim Loan that is a Compounded Rate Loan in a Compounded Rate Currency for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable: (i) Margin; and (ii) Compounded Reference Rate for that day for that Compounded Rate Currencyday. (b) If any day during an Interest Period for a Compounded Rate Loan in a Compounded Rate Currency is not an applicable a RFR Banking Day in relation theretoDay, the rate of interest on that Compounded Rate Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.

Calculation of interest – Compounded Rate Loans. (a) In relation Subject to Clause 9.3 (Existing Loans drawn prior to the Second Amendment and Restatement Date), the rate of interest on each Interim Loan that is a Compounded Rate Loan in a Compounded Rate Currency for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable: (i) Margin; and (ii) Compounded Reference Rate for that day for that Compounded Rate Currencyday. (b) If any day during an Interest Period for a Compounded Rate Loan in a Compounded Rate Currency is not an applicable RFR Banking Day in relation theretoDay, the rate of interest on that Compounded Rate Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.