Common use of Duration of Interest Periods Clause in Contracts

Duration of Interest Periods. each Interest Period shall be: a) 3 or 6 months; or b) such other period as the Lender may agree with the Borrowers.

Appears in 2 contracts

Sources: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Containerships Inc.)

Duration of Interest Periods. each Interest Period shall be: a) 3 3, 6, 9 or 6 months12 months as notified by the Borrower to the Lender; or b) such other period as 3 months, if the Lender may agree with Borrower fails to notify the Borrowers.Lender; or

Appears in 2 contracts

Sources: Loan Agreement, Loan Agreement (Box Ships Inc.)

Duration of Interest Periods. The duration of each Interest Period shall bebe three (3) Months, provided that: a) 3 or 6 months; or b) such other period as the Lender may agree with the Borrowers.

Appears in 1 contract

Sources: Facility Agreement (Aegean Marine Petroleum Network Inc.)

Duration of Interest Periods. each Interest Period shall be: (a) 3 3, 6, 9 or 6 months12 months as notified by the Borrower to the Lender; or (b) such other period as 3 months, if the Lender may agree with Borrower fails to notify the Borrowers.Lender; or

Appears in 1 contract

Sources: Loan Agreement (Box Ships Inc.)

Duration of Interest Periods. each Interest Period shall be: a) 3 or 6 months; or b) such other period as the Lender may agree with the Borrowers.

Appears in 1 contract

Sources: Loan Agreement (Diana Containerships Inc.)

Duration of Interest Periods. each Each Interest Period shall be: ahave a duration of three (3) 3 months or 6 months; or b) such other period as the Borrower may select and the Lender may agree with the Borrowersin writing.

Appears in 1 contract

Sources: Facility Agreement for a Term Loan (StealthGas Inc.)

Duration of Interest Periods. each Each Interest Period shall be: a) must be a period of 1, 3 or 6 months; or b) such months or any other period as which the Lender Agent (acting on the instructions of all the Lenders) may agree with the Borrowersin writing. This does not apply to an Interim Period under Clause 7.8.

Appears in 1 contract

Sources: Term Loan Facility (Havas Advertising)

Duration of Interest Periods. each Each Interest Period shall be: a) 3 be 3, 6, 9 or 6 12 months; or b) such other period as . Should the Borrower fail to select an Interest Period, the Lender may agree with has the Borrowersoption to select an Interest Period in his reasonable discretion.

Appears in 1 contract

Sources: Loan Agreement (TBS International LTD)