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 Euro Cash Advance Facility for each Funding Period at the rate per annum determined by the Lender to the aggregate of the Margin and Euro Libor for such Funding Period. (b) If applicable, the Lender shall notify Treasury Europe or Treasury UK, as applicable, 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 Euro Cash Advance Facility for each Funding Period at the rate per annum determined by the Lender to be the aggregate of the Margin and Euro Libor for such Funding Period. (b) If applicable, the Lender shall notify Treasury Europe or Treasury UK, as applicablethe case may be, of the interest rate determined by it under this Clause as soon as it is ascertained.