ABOVE, THE RELEVANT INTEREST PERIOD WILL, BE THE
SAME DURATION AS THE INTEREST PERIOD JUST ENDED.
(D)
SUBJECT TO THIS CLAUSE 11 (INTEREST PERIODS), A BORROWER MAY ONLY SELECT
INTEREST PERIODS OF:
(I)
1, 2, 3 OR 6 MONTHS FOR LOANS DENOMINATED IN US DOLLARS; AND
(II)
1, 2, 3 OR 6 MONTHS FOR LOANS DENOMINATED IN AUSTRALIAN DOLLARS,
OR ANOTHER PERIOD AGREED BY THE MAJORITY LENDERS.
(E)
FOR ANY INTEREST PERIOD OF LESS THAN 3 MONTHS, BBSY BID OR LIBOR (AS
APPLICABLE) WILL BE THE 3 MONTH BBSY BID OR 3 MONTH LIBOR (AS APPLICABLE) AND
ANY REFERENCE TO THE LENGTH OF AN INTEREST PERIOD IN CLAUSE 12 (CHANGES TO THE
CALCULATION OF INTEREST) WILL BE CONSTRUED ON THIS BASIS.
(F)
AN INTEREST PERIOD FOR A LOAN SHALL NOT EXTEND BEYOND THE TERMINATION
DATE.
(G)
EACH INTEREST PERIOD FOR A LOAN SHALL START ON THE UTILISATION DATE OR
(IF ALREADY MADE) ON THE LAST DAY OF ITS PRECEDING INTEREST PERIOD.
11.2
NON-BUSINESS DAYS
(A)
IF AN INTEREST PERIOD WOULD OTHERWISE END ON A DAY WHICH IS NOT A
BUSINESS DAY, THAT INTEREST PERIOD WILL INSTEAD END ON THE NEXT BUSINESS DAY IN
THAT CALENDAR MONTH (IF THERE IS ONE) OR THE PRECEDING BUSINESS DAY (IF THERE IS
NOT).
11.3
CONSOLIDATION AND DIVISION OF LOANS
(A)
SUBJECT TO PARAGRAPH (B) BELOW, IF TWO OR MORE INTEREST PERIODS:
(I)
RELATE TO LOANS MADE TO THE SAME BORROWER UNDER THE SAME FACILITY;
(II)
IN THE SAME CURRENCY; AND
(III)
END ON THE SAME DATE,
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those Loans will, unless that Borrower (or a Borrower on its behalf) specifies
to the contrary in the Selection Notice for the next Interest Period, be
consolidated into, and treated as, a single Loan on the last day of the Interest
Period.
(B)
SUBJECT TO CLAUSE 4.3
(MAXIMUM NUMBER OF UTILISATIONS) AND CLAUSE 5.3
(CURRENCY AND AMOUNT), IF A BORROWER (OR A BORROWER ON ITS BEHALF) REQUESTS IN A
SELECTION NOTICE THAT A LOAN BE DIVIDED INTO TWO OR MORE LOANS, THAT LOAN WILL,
ON THE LAST DAY OF ITS INTEREST PERIOD, BE SO DIVIDED WITH AMOUNTS SPECIFIED IN
THAT SELECTION NOTICE, BEING AN AGGREGATE AMOUNT EQUAL TO THE AMOUNT OF THE LOAN
IMMEDIATELY BEFORE ITS DIVISION.
12.
CHANGES TO THE CALCULATION OF INTEREST
12.1
UNAVAILABILITY OF SCREEN RATE
(A)
INTERPOLATED SCREEN RATE: IF NO SCREEN RATE IS AVAILABLE FOR BBSY BID OR
LIBOR (AS THE CASE MAY BE) FOR THE INTEREST PERIOD OF A LOAN, THE APPLICABLE
BBSY BID OR LIBOR (AS THE CASE MAY BE) SHALL BE THE INTERPOLATED SCREEN RATE FOR
A PERIOD EQUAL IN LENGTH, SUBJECT TO CLAUSE 11.1(E) (SELECTION OF INTEREST
PERIODS), TO THE INTEREST PERIOD OF THAT LOAN.
(B)
REFERENCE BANK RATE:
IF NO SCREEN RATE IS AVAILABLE FOR BBSY BID OR
LIBOR (AS THE CASE MAY BE) FOR:
(I)
THE CURRENCY OF A LOAN; OR
(II)
THE INTEREST PERIOD OF A LOAN AND IT IS NOT POSSIBLE TO CALCULATE THE
INTERPOLATED SCREEN RATE,
THE APPLICABLE BBSY BID OR LIBOR