Common use of Duration of normal Interest Periods Clause in Contracts

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. Each Subject to Clause 6.3, 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 Hamburg time) 3 Business Days before the commencement of the Interest Period Provided that there may be no more than 6 2 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. Each Interest Period in respect of each Advance shall be: (a) 1, 3 3, 6 or 6 12 months as notified by the Borrower to the Agent not later than 11.00 a.m. (Edinburgh London 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. Each Interest Period in respect of each Advance shall be: (a) 1, 3 3, 6 or 6 12 months as notified by the Borrower to the Agent not later than 11.00 a.m. (Edinburgh London 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. Each Interest Period in respect of each Advance shall be: (a) 1, 3 3, 6 or 6 12 months as notified by the Borrower to the Agent not later than 11.00 a.m. (Edinburgh Hamburg 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.