Common use of Mechanics of Interest Revision/Conversion Clause in Contracts

Mechanics of Interest Revision/Conversion. Upon receiving an Interest Revision/Conversion Request the Bank shall, during the period commencing 60 (sixty) days and ending 30 (thirty) days before the Interest Revision/Conversion Date, deliver to the Borrower an Interest Revision/Conversion Proposal stating: (a) the Fixed Rate and/or Spread that would apply to the Tranche, or the part thereof indicated in the Interest Revision/Conversion Request pursuant to Article 3.01; and (b) that such rate shall apply until the Maturity Date or until a new Interest Revision/Conversion Date, if any, and that interest is payable quarterly, semi-annually or annually in arrears on designated Payment Dates. The Borrower may accept in writing an Interest Revision/Conversion Proposal by the deadline specified therein. Any amendment to the Contract requested by the Bank in this connection shall be effected by an agreement to be concluded not later than 15 (fifteen) days prior to the relevant Interest Revision/Conversion Date.

Mechanics of Interest Revision/Conversion. Upon receiving an Interest Revision/Conversion Request the Bank shall, during the period commencing 60 (sixty) days and ending 30 (thirty) days before the Interest Revision/Conversion Date, deliver to the Borrower an Interest Revision/Conversion Proposal stating: (a) the Fixed Rate interest rate and/or Spread that would apply to the Tranche, or the part thereof indicated in the Interest Revision/Conversion Request pursuant to Article 3.01; and (b) that such rate shall apply until the Maturity Date or until a new Interest Revision/Conversion Date, if any, and that interest is payable quarterly, semi-annually or annually in arrears on designated Payment Dates. The Borrower may accept in writing an Interest Revision/Conversion Proposal by the deadline specified therein. Any amendment to the Contract requested by the Bank in this connection shall be effected by an agreement to be concluded not later than 15 (fifteen) days prior to the relevant Interest Revision/Conversion Date.

Mechanics of Interest Revision/Conversion. Upon receiving an Interest Revision/Conversion Request the Bank shall, during the period commencing 60 (sixty) days and ending 30 (thirty) days before the Interest Revision/Conversion Date, deliver to the Borrower an Interest Revision/Conversion Proposal stating: (a) the Fixed Rate and/or Spread that would apply to the Tranche, or the part thereof indicated in the Interest Revision/Conversion Request pursuant to Article 3.013.01A; and (b) that such rate shall apply until the Maturity Date or until a new Interest Revision/Conversion Date, if any, and that interest is payable quarterly, semi-annually or annually in arrears arrear on designated Payment Dates. The Borrower may accept in writing an Interest Revision/Conversion Proposal by the deadline specified therein. Any amendment to the Contract requested by the Bank in this connection shall be effected by an agreement to be concluded not later than 15 (fifteen) days prior to the relevant Interest Revision/Conversion Date.

Mechanics of Interest Revision/Conversion. Upon receiving an Interest Revision/Conversion Request the Bank shall, during the period commencing 60 (sixty) days and ending 30 (thirty) days before the Interest Revision/Conversion Date, deliver to the Borrower an Interest Revision/Conversion Proposal stating: (a) the Fixed Rate and/or Spread that would apply to the Tranche, or the of its part thereof indicated in the Interest Revision/Conversion Request pursuant to Article 3.013.1; and (b) that such rate shall apply until the Maturity Date or until a new Interest Revision/Conversion Date, if any, and that interest is payable quarterly, semi-annually or annually in arrears accordance with Article 3.1, in arrear on designated Payment Dates. The Borrower may accept in writing an Interest Revision/Conversion Proposal by the deadline specified therein. Any amendment to the this Contract requested by the Bank in this connection shall be effected by an agreement to be concluded and effective not later than 15 (fifteen) days 1 Business Day prior to sending by the relevant Bank of an Interest Revision/Conversion DateProposal. Fixed Rates and Spreads are available for periods of not less than 4 (four) years or, in the absence of a repayment of principal during that period, not less than 3 (three) years.

Mechanics of Interest Revision/Conversion. Upon receiving an Interest Revision/Conversion Request the Bank shall, during the period commencing 60 (sixty) days and ending 30 (thirty) days before the Interest Revision/Conversion Date, deliver to the Borrower an Interest Revision/Conversion Proposal stating: (a) the Fixed Rate and/or Spread that would apply to the Tranche, or the of its part thereof indicated in the Interest Revision/Conversion Request pursuant to Article 3.013.1; and (b) that such rate shall apply until the Maturity Date or until a new Interest Revision/Conversion Date, if any, and that interest is payable quarterly, semi-annually or annually annually, in arrears accordance with Article 3.1, in arrear on designated Payment Dates. The Borrower may accept in writing an Interest Revision/Conversion Proposal by the deadline specified therein. Any amendment to the this Contract requested by the Bank in this connection shall be effected by an agreement to be concluded not later than 15 (fifteen) days prior to the relevant Interest Revision/Conversion Date. Fixed Rates and Spreads are available for periods of not less than 4 (four) years or, in the absence of a repayment of principal during that period, not less than 3 (three) years.

Mechanics of Interest Revision/Conversion. Upon receiving an Interest Revision/Conversion Request the Bank shall, during the period commencing 60 (sixty) days and ending 30 (thirty) days before the Interest Revision/Conversion Date, deliver to the Borrower an Interest Revision/Conversion Proposal stating: (a) the Fixed Rate and/or Spread that would apply to the Tranche, or the of its part thereof indicated in the Interest Revision/Conversion Request pursuant to Article 3.013.1; and (b) that such rate shall apply until the Maturity Date or until a new Interest Revision/Conversion Date, if any, and that interest is payable quarterly, semi-annually or annually in arrears accordance with Article 3.1, in arrear on designated Payment Dates. The Borrower may accept in writing an Interest Revision/Conversion Proposal by the deadline specified therein. Any amendment to the this Contract requested by the Bank in this connection shall be effected by an agreement to be concluded not later than 15 (fifteen) days prior to the relevant Interest Revision/Conversion Date. Fixed Rates and Spreads are available for periods of not less than 4 (four) years or, in the absence of a repayment of principal during that period, not less than 3 (three) years.

Mechanics of Interest Revision/Conversion. Upon receiving an Interest Revision/Conversion Request the Bank shall, during the period commencing 60 (sixty) days and ending 30 (thirty) days before the Interest Revision/Conversion Date, deliver to the Borrower an Interest Revision/Conversion Proposal stating: (a) the Fixed Rate and/or Spread that would apply to the Tranche, or the part thereof indicated in the Interest Revision/Conversion Request pursuant to Article 3.013 ; and (b) that such rate shall apply until the Maturity Date or until a new Interest Revision/Conversion Date, if any, and that interest is payable quarterly, semi-annually or annually in arrears arrear on designated Payment Dates. The Borrower may accept in writing an Interest Revision/Conversion Proposal by the deadline specified therein. Any amendment to the Contract requested by the Bank in this connection shall be effected by an agreement to be concluded not later than 15 (fifteen) days prior to the relevant Interest Revision/Conversion Date.