Common use of INTEREST RATE AND NOTIFICATION Clause in Contracts

INTEREST RATE AND NOTIFICATION. (a) Interest shall accrue from day to day on each Segment of the NZ$ Cash Advance Facility for each Funding Period at the rate per annum determined by BNZ to be the aggregate of the Margin and the NZ Bank ▇▇▇▇ Rate for such Funding Period. (b) If applicable, BNZ shall notify Treasury NZ of the interest rate determined by it under this Clause as soon as it is ascertained.

INTEREST RATE AND NOTIFICATION. (a) Interest shall accrue from day to day on each Segment of the NZ$ A$ Cash Advance Facility for each Funding Period at the rate per annum agreed between the Lender and Treasury Aust. at the time of a request for a Segment or, in the absence of such agreement, the rate per annum determined by BNZ the Lender to be the aggregate of the Margin and the NZ Bank ▇▇▇▇ Rate for such Funding Period. (b) If applicable, BNZ the Lender shall notify Treasury NZ Aust. of the interest rate determined by it under this Clause as soon as it is ascertained.

INTEREST RATE AND NOTIFICATION. (a) Interest shall accrue from day to day on each Segment of the NZ$ Cash Advance Facility for each Funding Period at the rate per annum agreed between the Lender and Treasury NZ at the time of a request for a Segment or, in the absence of such agreement, the rate per annum determined by BNZ the Lender to be the aggregate of the Margin and the NZ Bank ▇▇▇▇ Rate for such Funding Period. (b) If applicable, BNZ the Lender shall notify Treasury NZ of the interest rate determined by it under this Clause as soon as it is ascertained.