No notice and unavailability. If the Borrower fails to select a Pre-Delivery Interest Period or an Interest Period in accordance with Clause 5.3 or the Agent certifies that deposits for the period selected by the Borrower are not available to each of the Lenders in the ordinary course of business in the relevant interbank eurocurrency market to fund the relevant Portion or the Loan (as the case may be), the Borrower shall be deemed to have selected a Pre-Delivery Interest Period or an Interest Period of six (6) months (or such other period as the Agent may in its discretion decide).
Appears in 6 contracts
Sources: Secured Loan Agreement (NCL CORP Ltd.), Secured Loan Agreement (NCL CORP Ltd.), Supplemental Agreement (NCL CORP Ltd.)
No notice and unavailability. If the Borrower fails to select a Pre-Delivery Interest Period or an Interest Period in accordance with Clause 5.3 or the Agent certifies that deposits for the period selected by the Borrower are not available to each of the Lenders in the ordinary course of business in the relevant interbank London Interbank eurocurrency market to fund the relevant Portion or the Loan (as the case may be), the Borrower shall be deemed to have selected a Pre-Delivery Interest Period or an Interest Period of six (6) months (or such other period as the Agent may in its discretion decide).
Appears in 6 contracts
Sources: Eighth Supplemental Deed to Secured Loan Agreement (NCL CORP Ltd.), Eighth Supplemental Deed to Secured Loan Agreement (NCL CORP Ltd.), Fifth Supplemental Deed (NCL CORP Ltd.)
No notice and unavailability. If the Borrower fails to select a Pre-Delivery Redelivery Interest Period or an Interest Period in accordance with Clause 5.3 or the Agent certifies that deposits for the period selected by the Borrower are not available to each of the Lenders in the ordinary course of business in the relevant interbank eurocurrency market to fund the relevant Portion or the Loan (as the case may be), the Borrower shall be deemed to have selected a Pre-Delivery Redelivery Interest Period or an Interest Period of six (6) months (or such other period as the Agent may in its discretion decide).
Appears in 6 contracts
Sources: Secured Loan Agreement (NCL CORP Ltd.), Secured Loan Agreement (NCL CORP Ltd.), Loan Agreement (NCL CORP Ltd.)