Non-availability of matching deposits for Interest Period selected. If, after the Borrowers have selected and the Lender has agreed an Interest Period longer than 6 months, the Lender notifies the Borrowers by 11.00 a.m. (London time) on the third Business Day before the commencement of the Interest Period that it is not satisfied that deposits in Dollars for a period equal to the Interest Period will be available to it in the London Interbank Market when the Interest Period commences, the Interest Period shall be of 6 months.
Appears in 7 contracts
Sources: Loan Agreement (Diana Shipping Inc.), Amending and Restating Agreement (DryShips Inc.), Loan Agreement (StealthGas Inc.)
Non-availability of matching deposits for Interest Period selected. If, after the Borrowers have Borrower has selected and the Lender has agreed an Interest Period longer than 6 months, the Lender notifies the Borrowers Borrower by 11.00 a.m. (London time) on the third Business Day before the commencement of the Interest Period that it is not satisfied that deposits in Dollars for a period equal to the Interest Period will be available to it in the London Interbank Market when the Interest Period commences, the Interest Period shall be of 6 months.
Appears in 5 contracts
Sources: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Arlington Tankers Ltd.), Loan Agreement (Gala Properties Inc.)
Non-availability of matching deposits for Interest Period selected. If, after the Borrowers have selected and the Lender has Lenders have agreed an Interest Period longer than 6 months, the any Lender notifies the Borrowers Agent by 11.00 a.m. (London Frankfurt time) on the third Business Day before the commencement of the Interest Period that it is not satisfied that deposits in Dollars for a period equal to the Interest Period will be available to it in the London Interbank Market when the Interest Period commences, the Interest Period shall be of 6 months.
Appears in 2 contracts
Sources: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.)
Non-availability of matching deposits for Interest Period selected. If, after the Borrowers have Borrower has selected and the Lender has agreed an Interest Period longer than 6 3 months, the Lender notifies the Borrowers Borrower by 11.00 a.m. (London time) on the third Business Day before the commencement of the Interest Period that it is not satisfied that deposits in Dollars for a period equal to the Interest Period will be available to it in the London Interbank Market when the Interest Period commences, the Interest Period shall be of 6 3 months.
Appears in 1 contract
Sources: Loan Agreement (StealthGas Inc.)