Interest Reset. The Lender shall have the right to reset the Interest Rate (“Reset Interest Rate”) on each Interest Reset Date in accordance with any of the following options: a) The Benchmark rate or the Spread, as the case may be, shall stand revised; b) The fixed Interest Rate stands revised; or c) In a manner mutually agreed between the Lender and the Borrower.
Appears in 4 contracts
Sources: Working Capital Facility Agreement, Rupee Facility Agreement, Rupee Facility Agreement