Common use of Changes to Interest Periods Clause in Contracts

Changes to Interest Periods. (a) Prior to determining the interest rate for a Loan, the Agent may, after consultation with the Company, shorten the Interest Period for any Loan to ensure that (when aggregated with the Available Facility) there are sufficient Loans (with an aggregate Base Currency Amount equal to or greater than the Reduction Instalment) which have an Interest Period ending on the Reduction Date for the scheduled reduction to occur. (b) If the Agent makes any change to an Interest Period referred to in this Clause 11.2, it shall promptly notify the Company and the Lenders.

Appears in 2 contracts

Sources: Facility Agreement, Facility Agreement (VTTI Energy Partners LP)

Changes to Interest Periods. (a) 9.2.1 Prior to determining the interest rate for a Loan, the Agent may, after consultation with the Company, may shorten the Interest Period for any Loan to ensure that (when aggregated a) the last day of such Interest Period coincides with the Available Facilitya Reduction Date and (b) that there are sufficient Loans (with an aggregate Base Currency Amount amount equal to or greater than the amount required to be repaid on such Reduction InstalmentDate) which have an Interest Period ending on the such Reduction Date for the scheduled reduction Borrowers to occurmake the relevant repayment due on such Reduction Date. (b) 9.2.2 If the Agent makes any change to an Interest Period referred to in this Clause 11.29.2 (Changes to Interest Periods), it shall promptly notify the Company and the Lenders.

Appears in 1 contract

Sources: Junior Facility Agreement (Endeavour International Corp)

Changes to Interest Periods. (a) 12.3.1 Prior to determining the interest rate for a LoanUtilisation, the Agent may, after consultation with the Company, may shorten the Interest Period for any Loan to ensure that (that, when aggregated with the Available Facility) , there are sufficient Loans (with an aggregate Base Currency Amount amount equal to or greater than the Reduction Instalment) which have an Interest Period ending on the a Reduction Date for the scheduled reduction to occur. (b) 12.3.2 If the Agent makes any change of the changes to an Interest Period referred to in this Clause 11.2clause 12.3, it shall promptly notify the Company Borrower and the Lenders.

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Mercer International Inc.)

Changes to Interest Periods. (a) Prior to determining the interest rate for a Loan, the Agent may, after consultation with the Company, may shorten the Interest Period for any Loan to ensure that (that, when aggregated with the Available Facility) , there are sufficient Loans (with an aggregate Base Currency Amount equal to or greater than the Reduction Instalment) which have an Interest Period ending on the a Reduction Date for the scheduled reduction to occur. (b) If the Agent makes any change of the changes to an Interest Period referred to in this Clause 11.210.2, it shall promptly notify the Company and the Lenders.

Appears in 1 contract

Sources: Multicurrency Revolving Facility Agreement (Tercica Inc)

Changes to Interest Periods. (a) 11.3.1 Prior to determining the interest rate for a LoanUtilisation, the Agent may, after consultation with the Company, may shorten the Interest Period for any Loan to ensure that (that, when aggregated with the Available Facility) , there are sufficient Loans (with an aggregate Base Currency Amount amount equal to or greater than the Reduction Instalment) which have an Interest Period ending on the a Reduction Date for the scheduled reduction to occur. (b) 11.3.2 If the Agent makes any change of the changes to an Interest Period referred to in this Clause 11.211.3, it shall promptly notify the Company Borrower and the Lenders.

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Mercer International Inc.)

Changes to Interest Periods. (a) Prior to determining the interest rate for a Loan, the Agent may, after consultation with subject to prior notice to the CompanyLenders, shorten the Interest Period for any Loan to ensure that (that, when aggregated with the Available Facility) , there are sufficient Loans (with an aggregate Base Currency Dollar Amount equal to or greater than the Reduction Instalment) which have an Interest Period ending on the a Reduction Date for the scheduled reduction to occur. (b) If the Agent makes any change of the changes to an Interest Period referred to in this Clause 11.210.2, it shall promptly notify the Principal Company and the Lenders.

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (General Geophysics Co)

Changes to Interest Periods. (a) Prior to determining the interest rate for a Loan, the Agent may, after (acting in consultation with the Company, ) may shorten the an Interest Period for any Loan to ensure that (when aggregated with the Available Facility) there are sufficient Loans (with an aggregate Base Currency Amount amount equal to or greater than the Reduction Repayment Instalment) which have an Interest Period ending on the Reduction a Repayment Date for the scheduled reduction Borrowers to occurmake the Repayment Instalment due on that date. (b) If the Agent makes any change to an Interest Period referred to in this Clause 11.29.2, it shall promptly notify the Company and the Lenders.

Appears in 1 contract

Sources: Facility Agreement (Golden Telecom Inc)

Changes to Interest Periods. (a) Prior to determining the interest rate for a Loan, the Agent may, after consultation with the Company, may shorten the Interest Period for any Loan to ensure that (that, when aggregated with the Available Facility) , there are sufficient Loans (with an aggregate Base Currency Amount amount equal to or greater than the Reduction Instalment) which have an Interest Period ending on the a Reduction Date for the scheduled reduction to occur. (b) If f the Agent makes any change of the changes to an Interest Period referred to in this Clause 11.210.2, it shall promptly notify the Company Borrower and the Lenders.

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Central European Media Enterprises LTD)

Changes to Interest Periods. (a) 12.3.1 Prior to determining the interest rate for a LoanUtilisation, the Agent may, after consultation with the Company, may shorten the Interest Period for any Loan to ensure that (that, when aggregated with the Available Facility) , there are sufficient Loans (with an aggregate Base Currency Amount equal to or greater than the Reduction Instalment) which have an Interest Period ending on the a Reduction Date for the scheduled reduction to occur. (b) 12.3.2 If the Agent makes any change of the changes to an Interest Period referred to in this Clause 11.2clause 12.3, it shall promptly notify the Company Borrower and the Lenders.

Appears in 1 contract

Sources: Multicurrency Revolving Credit Agreement (Mercer International Inc)

Changes to Interest Periods. (a) Prior to determining the interest rate for a Loan, the Agent may, after consultation with the Company, may shorten the Interest Period for any Loan to ensure that (that, when aggregated with the Available Facility) , there are sufficient Loans (with an aggregate Base Currency Amount amount equal to or greater than the Reduction Instalment) which have an Interest Period ending on the a Reduction Date for the scheduled reduction to occur. (b) If the Agent makes any change of the changes to an Interest Period referred to in this Clause 11.29.2, it shall promptly notify the Company Borrower and the Lenders.

Appears in 1 contract

Sources: Facility Agreement (Central European Media Enterprises LTD)

Changes to Interest Periods. (a) Prior to determining the interest rate for a Loan, the Agent may, after consultation with the Company, may shorten the Interest Period for any Loan to ensure that (that, when aggregated with the Available Facility) , there are sufficient Loans (with an aggregate Base Currency Principal Amount equal to or greater than the Reduction Instalment) which have an Interest Period ending on the a Reduction Date for the scheduled reduction to occur. (b) If the Agent makes any change of the changes to an Interest Period referred to in this Clause 11.29.2, it shall promptly notify the Company Borrower and the Lenders.

Appears in 1 contract

Sources: Facility Agreement (Golden Star Resources LTD)