Changes to Interest Periods. (a) In respect of a Repayment Instalment, prior to determining the interest rate for the Loan, the Facility Agent may establish an Interest Period for a part of the Loan equal to such Repayment Instalment to end on the Repayment Date relating to it and the remaining part of the Loan shall have the Interest Period selected in the relevant Selection Notice, subject to paragraph (d) of Clause 9.1 (
Appears in 2 contracts
Sources: Facility Agreement (Euroseas Ltd.), Facility Agreement (Euroseas Ltd.)
Changes to Interest Periods. (a) In respect of a Repayment Instalment, prior to determining before the interest rate first day of an Interest Period for the Loan, the Facility Agent may establish an Interest Period for a part of the Loan equal to such Repayment Instalment to end on the Repayment Date relating to it and the remaining part of the Loan shall have the Interest Period selected specified in the relevant Selection NoticeReference Rate Terms.
(b) If the Facility Agent makes any change to an Interest Period referred to in this Clause 9.2 (Changes to Interest Periods), subject to paragraph (d) of Clause 9.1 (it shall promptly notify the Borrowers and the Lenders.
Appears in 2 contracts
Sources: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Changes to Interest Periods. (a) In respect of a Repayment Instalment, prior to determining the interest rate for the Loancommencement of an Interest Period, the Facility Agent may establish an Interest Period for a part of the Loan equal to such Repayment Instalment to end on the Repayment Date relating to it and the remaining part of the Loan shall have the Interest Period selected in the relevant Selection Notice, subject to paragraph (d11.1(d) of Clause 9.1 11.1 (
Appears in 2 contracts
Sources: Loan Agreement (Ardmore Shipping Corp), Loan Agreement (Ardmore Shipping Corp)
Changes to Interest Periods. (a) In respect of a Repayment Instalment, prior to determining before the interest rate first day of an Interest Period for the Loan, the Facility Agent may establish an Interest Period for a part of the Loan equal to such Repayment Instalment to end on the Repayment Date relating to it and the remaining part of the Loan shall have the Interest Period selected in the relevant Selection Notice, subject to paragraph (d) of Clause 9.1 (Interest Periods).
(b) If the Facility Agent makes any change to an Interest Period referred to in this Clause 9.2(a) (Changes to Interest Periods), it shall promptly notify the Borrowers and the Lenders.
Appears in 1 contract
Changes to Interest Periods. (a) In respect of a Repayment Instalment, prior Prior to the earlier of:
(i) the Agent determining the interest rate for Loan; and
(ii) the Loan, the Facility Agent may establish first day of an Interest Period for a part Loan, the Agent may shorten an Interest Period for any Loan to ensure there are sufficient Loans which have an Interest Period ending on the relevant repayment date for the Borrowers to make the relevant repayment instalment due on that date. If the Agent makes any of the Loan equal changes to such Repayment Instalment an Interest Period referred to end on in this Clause 10.2, it shall promptly notify the Repayment Date relating to it Borrowers and the remaining part of the Loan shall have the Interest Period selected in the relevant Selection Notice, subject to paragraph (d) of Clause 9.1 (Lenders.
Appears in 1 contract
Sources: Term Loan Facility Agreement (KNOT Offshore Partners LP)
Changes to Interest Periods. (a) In respect of a Repayment Instalment, prior to determining the interest rate for the Loanrelevant Tranche, the Facility Agent may establish an Interest Period for a part of the Loan relevant Tranche equal to such Repayment Instalment to end on the Repayment Date relating to it and the Interest Period for the remaining part of that Tranche shall run until the Loan shall have next Repayment Date.
(b) If the Facility Agent makes any change to an Interest Period selected referred to in this Clause 11.2 (Changes to Interest Periods), it shall promptly notify the relevant Selection Notice, subject to paragraph (d) of Clause 9.1 (Borrowers and the Lenders.
Appears in 1 contract
Sources: Term and Accordion Facilities Agreement (Ardmore Shipping Corp)
Changes to Interest Periods. (a) In respect of a Repayment Instalment, prior to determining the interest rate for the Loancommencement of an Interest Period, the Facility Agent may establish an Interest Period for a part of the Loan equal to such Repayment Instalment to end on the Repayment Date relating to it and the remaining part of the Loan shall have the Interest Period selected applicable to the Loan.
(b) If the Facility Agent makes any change to an Interest Period referred to in this Clause 9.2 (Changes to Interest Periods), it shall promptly notify the relevant Selection Notice, subject to paragraph (d) of Clause 9.1 (Borrowers and the Lenders.
Appears in 1 contract