Common use of Power to Borrow Clause in Contracts

Power to Borrow. The Stabilising Manager may advance its own funds, or borrow for the account of the Managers, for the purposes of stabilisation and overallotment pursuant to paragraph (a) above, and may (subject to the limitation contained in the final paragraph of Clause 6(b)) charge or, as the case may be, pay interest at then current rates, such interest to be taken into account as an expense of such action before calculating the profit and loss on such stabilisation or over-allotment.

Power to Borrow. The Stabilising Manager may advance its own funds, or borrow for the account of the Managers, for the purposes of stabilisation and overallotment pursuant to paragraph (a) above, and may (subject to the limitation contained in the final paragraph of Clause 6(b)) charge or, as the case may be, pay interest at then current rates, such interest to be taken into account as an expense of such action before calculating the profit and loss on such stabilisation or over-allotmentover‑allotment.