Changes to Interest Periods. 11.2.1 Prior to determining the interest rate for a Loan, the Agent may shorten an Interest Period for any Loan to ensure there are sufficient Loans (with an aggregate amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a relevant Repayment Date for the Borrower to make the Repayment Instalment due on that date. 11.2.2 If the Agent makes any of the changes to an Interest Period referred to in this clause 11.2, it shall promptly notify the Borrower and the Lenders.
Appears in 3 contracts
Sources: Facilities Agreement (International Shipping Enterprises, Inc.), Facilities Agreement (Navios Maritime Holdings Inc.), Facilities Agreement (International Shipping Enterprises, Inc.)
Changes to Interest Periods. 11.2.1 Prior to (a) Before determining the interest rate for a Loan, the Agent may shorten an Interest Period for any Loan to ensure there are sufficient Loans (with an aggregate amount equal to to, or greater than than, the relevant Repayment Instalment) which have an Interest Period ending on a relevant Repayment Date for the Borrower to make the Repayment Instalment due on that date.
11.2.2 (b) If the Agent makes any of the changes change to an Interest Period referred to in this clause 11.2Clause 5.5, it shall promptly notify the Borrower and the Lenders.
Appears in 1 contract
Sources: Loan and Guarantee Facility Agreement (DryShips Inc.)
Changes to Interest Periods. 11.2.1 (a) Prior to determining the interest rate for a Loan, the Agent may shorten an Interest Period for any Loan to ensure there are sufficient Loans (with an aggregate amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a relevant Repayment Date for the Borrower to make the Repayment Instalment due on that dateRepayment Date.
11.2.2 (b) If the Agent makes any of the changes to an Interest Period referred to in this clause 11.2Clause 10.2, it shall promptly notify the Borrower Company and the Lenders.
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Changes to Interest Periods. 11.2.1 9.2.1 Prior to determining the interest rate for a Facility A Loan, the Agent may shorten an Interest Period for any Facility A Loan to ensure there are sufficient Facility A Loans (with an aggregate amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a relevant Facility A Repayment Date for the Borrower to make the Repayment Instalment repayment due on that date.
11.2.2 9.2.2 If the Agent makes any of the changes to an Interest Period referred to in this clause 11.2Clause 9.2, it shall promptly notify the Borrower and the Lenders.
Appears in 1 contract
Sources: Term and Revolving Facilities Agreement (Cellcom Israel Ltd.)
Changes to Interest Periods. 11.2.1 9.2.1 Prior to determining the interest rate for a Loan, the Agent may shorten an Interest Period for any Loan to ensure there are sufficient Loans (with an aggregate amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a relevant Repayment Date for the a Borrower to make the Repayment Instalment due on that date.
11.2.2 9.2.2 If the Agent makes any of the changes a change to an Interest Period referred to in this clause 11.2paragraph 9.2.1 above, it shall promptly notify the relevant Borrower and the Lenders.
Appears in 1 contract
Sources: Loan Agreement (Luxottica Group Spa)
Changes to Interest Periods. 11.2.1 (a) Prior to determining the interest rate for a Loan, the Agent may shorten an Interest Period for any Loan to ensure there are sufficient Loans (with an aggregate amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a relevant Repayment Date for the Borrower to make the Repayment Instalment due on that date.
11.2.2 (b) If the Agent makes any of the changes to an Interest Period referred to in this clause 11.29.2, it shall promptly notify the Borrower and the Lenders.
Appears in 1 contract
Sources: Facility Agreement
Changes to Interest Periods. 11.2.1 9.2.1 Prior to determining the interest rate for a Loan, the Agent may shorten an Interest Period for any Loan to ensure there are sufficient Loans (with an aggregate amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a relevant Repayment Date for the Borrower to make the Repayment Instalment due on that date.
11.2.2 9.2.2 If the Agent makes any of the changes a change to an Interest Period referred to in this clause 11.2paragraph 9.2.1 above, it shall promptly notify the Borrower Company and the Lenders.
Appears in 1 contract
Changes to Interest Periods. 11.2.1 (a) Prior to determining the interest rate for a Loan, the Agent may shorten an Interest Period for any Loan to ensure there are that sufficient Loans (with an aggregate amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a relevant Repayment Date for such that the Borrower to shall make the relevant Repayment Instalment due on that date.
11.2.2 (b) If the Agent makes any of the changes to an Interest Period referred to in this clause Clause 11.2, it shall promptly notify the Borrower and the Lenders.
Appears in 1 contract
Changes to Interest Periods. 11.2.1 (a) Prior to determining the interest rate for a Loan, the Agent may shorten an Interest Period for any Loan to ensure there are sufficient Loans (with an aggregate amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a relevant Repayment Date for the Borrower to make the Repayment Instalment due on that dateDate.
11.2.2 (b) If the Agent makes any of the changes change to an Interest Period referred to in this clause 11.29.4, it shall promptly notify the Borrower and the Lenders.
Appears in 1 contract