Common use of Cost of Clause in Contracts

Cost of. funds (a) If this Clause 11.4 applies to a Loan for an Interest Period, neither Clause 9.6 (Calculation of interest – Term Rate Loans) nor Clause 9.7 (Calculation of interest – Compounded Rate Loans) shall apply to that Loan for that Interest Period and the rate of interest on each Lender's share of that Loan for that Interest Period shall be the percentage rate per annum which is the sum of: (i) the applicable Margin; and (ii) the rate notified to the Agent by that ▇▇▇▇▇▇ as soon as practicable and in any event by the Reporting Time for that Loan, to be that which expresses as a percentage rate per annum its cost of funds relating to its participation in that Loan.

Cost of. funds (a) If this Clause 11.4 11.5 applies to a Loan for an Interest Period, neither Clause 9.6 9.1 (Calculation of interest – Term Rate Loans) nor Clause 9.7 9.2 (Calculation of interest – Compounded Rate Loans) shall apply to that Loan for that Interest Period and the rate of interest on each Lender's share of that Loan for that Interest Period shall be the percentage rate per annum which is the sum of: (i) the applicable Margin; and (ii) the rate notified to the Agent by that ▇▇▇▇▇▇ as soon as practicable and in any event by the Reporting Time for that Loan, to be that which expresses as a percentage rate per annum its cost of funds relating to its participation in that Loan.