Notification of rates of interest Clause Samples
The 'Notification of rates of interest' clause requires one party to inform the other about the applicable interest rates under the agreement. Typically, this involves providing written notice specifying the rate to be applied to outstanding amounts, such as late payments or overdue invoices, and may set out the timing and method of such notifications. This clause ensures transparency and clarity regarding financial obligations, helping to prevent disputes over interest charges and ensuring both parties are aware of the costs associated with delayed payments.
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Notification of rates of interest. The Agent or, as the case may be, the US Swingline Agent will promptly notify each relevant Party of the determination of a rate of interest under this Agreement.
Notification of rates of interest. The Facility Agent shall promptly notify the relevant Lenders and the Borrower of the determination of a rate of interest under this Agreement.
Notification of rates of interest. The Funding 1 Liquidity Facility Provider shall promptly notify each relevant party of the determination of a rate of interest under this Agreement.
Notification of rates of interest. The Agent shall promptly notify the Lenders and the Borrower of the determination of a rate of interest under this Agreement.
Notification of rates of interest. The Facility Agent must promptly notify each relevant Party of the determination of a rate of interest under this Agreement.
Notification of rates of interest. The Lender shall promptly notify the Borrower of the determination of a rate of interest under this Agreement.
Notification of rates of interest. The Agent shall promptly notify each relevant Party of the determination of a rate of interest under this Agreement.
Notification of rates of interest. (a) The Facility Agent shall promptly notify the relevant Lenders and the relevant Borrower (or the Company) of the determination of a rate of interest under this Agreement and any change to the proposed length of an Interest Period under Clause 14 (Changes to the Calculation of Interest).
(b) The Facility Agent shall promptly notify the relevant Borrower (or the Company) of each Funding Rate relating to a Loan.
Notification of rates of interest. Without prejudice to the obligation of the Borrower to pay interest calculated at any applicable rate under this Clause 8, the Facility Agent shall notify the Senior Facility B Lenders and the Borrower, as soon as reasonably practicable:
8.4.1 of the determination of a rate of interest under this Agreement;
8.4.2 when interest commences to accrue at the rate calculated by reference to the Applicable Margin specified in Clause 1.1.1(b) (Definitions).
Notification of rates of interest. (a) The Agent shall promptly notify the Lenders and the Borrower of the determination of a rate of interest relating to a Loan.
(b) This Clause 10.4 shall not require the Agent to make any notification to any Party on a day which is not a Business Day.