Common use of An Interest Clause in Contracts

An Interest. Period for the maturing part of a Loan shall not extend beyond the first subsequent scheduled repayment date after the Utilisation Date of such Loan, but shall be shortened so that it ends on such scheduled repayment date.

Appears in 10 contracts

Sources: Senior Secured Term Loan Facility Agreement, China Eca Facility Framework Agreement (Seadrill Partners LLC), Senior Secured Credit Facility Agreement

An Interest. Period for the maturing part of a Loan shall not extend beyond the first subsequent scheduled repayment date Repayment Date after the Utilisation Date of such Loan, but shall be shortened so that it ends on such scheduled repayment dateRepayment Date.

Appears in 1 contract

Sources: Senior Secured Credit Facilities Agreement (KNOT Offshore Partners LP)