Duration of normal Interest Periods Sample Clauses
The 'Duration of normal Interest Periods' clause defines the standard length of time over which interest accrues on a loan or financial obligation. Typically, this period might be set as one, three, or six months, depending on the agreement, and it determines the intervals at which interest payments are calculated and due. By specifying these durations, the clause ensures both parties have a clear understanding of when interest payments are expected, thereby promoting predictability and reducing the risk of disputes over payment timing.
Duration of normal Interest Periods. Subject to Clauses 5.3 and 5.4, each Interest Period shall be:
(a) 3, 6 or 12 months as notified by the Borrower to the Lender not later than 11.00 a.m. (London time) 3 Business Days before the commencement of the Interest Period; or
(b) 3 months, if the Borrower fails to notify the Lender by the time specified in paragraph (a) above; or
(c) such other period as the Lender may agree with the Borrower.
Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Interest Period shall be:
(a) 3 or 6 months; or
(b) such other period (as proposed by the Borrower to the Agent not later than 11:00 a.m. (Hamburg time) 5 Business Days before the commencement of the Interest Period) as the Agent may, with the authorisation of the Majority Lenders, agree with the Borrower (failing which the Interest Period shall be three months).
Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Interest Period shall be:
Duration of normal Interest Periods. Subject to Clauses 6.3, and 6.4, each Interest Period shall be:
(a) 3, 6 or 12 months as notified by the Borrower to the Agent not later than 11.00 a.m. (Hamburg time) 3 Business Days before the commencement of the Interest Period; or
(b) such other period (as proposed by the Borrower to the Agent not later than 11:00 a.m. (Hamburg time) 5 Business Days before the commencement of the Interest Period in respect of the Loan) as the Agent may, with the authorisation of the Majority Lenders, agree with the Borrower; or
(c) 3 months, if the Borrower fails to notify the Agent by the time specified in paragraph (a) or if no such other period is agreed with the Borrower and the Agent in accordance with paragraph (b).
Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Interest Period shall be:
(a) 3 months; or
(b) such other period as the Agent, with the authorisation of all Lenders, may agree with the Borrowers.
Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Interest Period shall be:
(a) 3 or 6 months as notified by the Borrowers to the Agent not later than 11.00 a.m. (London time) 5 Business Days before the commencement of the Interest Period; or
(b) in the case of the first Interest Period applicable to the second and any subsequent Advance under each Tranche, a period ending on the last day of the Interest Period applicable to the first Advance under that Tranche then current, whereupon all the Advances under that Tranche shall be consolidated and treated as a single Advance; or
(c) 3 months if the Borrowers fail to notify the Agent by the time specified in paragraph (a); or
(d) such other period as the Agent may, with the authorisation of all the Lenders, agree with the Borrowers.
Duration of normal Interest Periods. Each Interest Period in respect of each Advance shall be:
(a) 1, 3 or 6 months as notified by the Borrower to the Agent not later than 11.00 a.m. (Edinburgh time) 3 Business Days before the commencement of the Interest Period Provided that there may be no more than 6 Interest Periods having a duration of 1 month in any calendar year; or
(b) in the case of the first Interest Period applicable to the second and any subsequent Advance, a period ending on the last day of the then current Interest Period whereupon all of the Advances shall be consolidated and treated as a single Advance;
(c) 3 months, if the Borrower fails to notify the Agent by the time specified in paragraph (a) above; or
(d) such other period as the Agent may, with the Majority Lenders' authority, agree with the Borrower.
Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Interest Period shall be:
(a) 3, 6 or 12 months as notified by the Borrowers to the Agent not later than 11:00 a.m. (London time) 2 Business Days before the commencement of the Interest Period; or
(b) in the case of the first Interest Period applicable to the second Advance, a period ending on the last day of the Interest Period applicable to the first Advance then current, whereupon both Advances shall be consolidated and treated as a single Advance;
(c) in the case of the first Interest Period applicable to the second and any subsequent Advance, a period ending on the last day of the then current Interest Period applicable to the first or subsequent Advances;
(d) 3 months, if the Borrowers fail to notify the Agent by the time specified in paragraph (a); or
(e) such other period as the Agent may, with the authorisation of the Majority Lenders, agree with the Borrowers.
Duration of normal Interest Periods. Subject to Clauses 5.3 and 5.4, each Interest Period in respect of each Advance shall be:
(a) 3 or 6 months as notified by the Borrower to the Lender not later than 11.00 a.m. (Athens time) 3 Business Days before the commencement of the Interest Period;
(b) in the case of the first Interest Period applicable to the second and any subsequent Advance of a Tranche, a period ending on the last day of the then current Interest Period applicable to such Tranche, whereupon all of the Advances in respect of such Tranche shall be consolidated and treated as a single advance;
(c) 3 months, if the Borrower fails to notify the Lender by the time specified in paragraph (a) above; or
(d) such other period as the Lender may agree with the Borrower.
Duration of normal Interest Periods. 5.2.1 Subject to Clauses 5.3, 5.4 and 5.5, each Interest Period shall be:
(a) 1, 3 or 6 months as notified by the Borrowers to the Lender not later than 11.00 a.m. (London time) 3 Business Days before the commencement of the Interest Period (although the Borrowers acknowledge that a 1 month Interest Period shall only be available a maximum of 3 times in any calendar year); or
(b) 3 months, if the Borrowers fail to notify the Lender by the time specified in paragraph (a); or
(c) such other period as the Lender may agree with the Borrowers.
5.2.2 For the avoidance of doubt, Interest Periods in respect of each of the Advances shall not be consolidated.