英语翻译Interest Rate.The interest rate applicable to each long-
英语翻译
Interest Rate.The interest rate applicable to each long-term advance hereunder shall be [zero point five five] percent ([0.55]%) per annum (the “Spread”) above a relevant interbank offered (“Interbank Market”) rate at which Bank is offered deposits for a perrod equal or similar to the Interest Period (as defined below) of and in an amount and Currency equal or similar to the then outstanding advance at or about 11:00 a.m.in the relevant market two (2) Banking Days prior to the date of drawdown or relevant interest determination date.If no such deposits are offered,or if Bank determines that such rates as are offered do not accurately reflect the cost to it of funding the advance,then the interest rate shall be the rate determined by Bank to beappropriate in the circumstances.In calculating the interest payable for any interest period,the first day of that period shall be included and the last day shall be excluded.Interest shall be calculated on the basis of the actual number of days elapsed in a 360-day year.A statement of drawdown sent by Bank specifying the amount and interest rate,including any default interest payable under Section 9.4 (Default Interest),shall be binging and conclusive,absent manifest error.If for any reason such statement is not received by Customer,any internal record of Bank (whether in paper or electronic format) evidencing such information shall be binding and conclusive,absent manifest error.