Common use of Non-availability of matching deposits for Interest Period selected Clause in Contracts

Non-availability of matching deposits for Interest Period selected. If, after the Borrowers have selected an Interest Period longer than 3 months, the Lender notifies the Borrowers by 11.00 a.m. (London time) on the second 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 3 months duration.

Appears in 1 contract

Sources: Loan Agreement (Omega Navigation Enterprises, Inc.)

Non-availability of matching deposits for Interest Period selected. If, after the Borrowers Borrower has selected (and the Lenders have selected agreed) an Interest Period longer than 3 months, the any Lender notifies the Borrowers Agent by 11.00 a.m. (London Hamburg time) on the second 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 3 months duration6 months.

Appears in 1 contract

Sources: Loan Agreement (Danaos Corp)

Non-availability of matching deposits for Interest Period selected. If, after the Borrowers Borrower has selected (and the Lenders have selected agreed) an Interest Period longer than 3 6 months, the any Lender notifies the Borrowers Agent by 11.00 a.m. (London Hamburg time) on the second 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 3 months duration6 months.

Appears in 1 contract

Sources: Loan Agreement (Danaos Corp)

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 3 months, the Lender notifies the Borrowers Borrower by 11.00 a.m. (London time) on the second 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 3 months durationmonths.

Appears in 1 contract

Sources: Loan Agreement (Quintana Shipping Ltd.)

Non-availability of matching deposits for Interest Period selected. If, after the Borrowers Borrower has selected and the Lenders have selected agreed an Interest Period longer than 3 months1 month, the Lender Agent notifies the Borrowers Borrower by 11.00 a.m. (London time) on the second 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 3 months duration1 month.

Appears in 1 contract

Sources: Loan Agreement (DryShips 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 3 months, the Lender notifies the Borrowers Borrower by 11.00 a.m. (London time) on the second 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 3 months duration1 month.

Appears in 1 contract

Sources: Loan Agreement (DryShips 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 3 6 months, the Lender notifies the Borrowers Borrower by 11.00 a.m. (London Paris time) on the second 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 3 months duration6 months.

Appears in 1 contract

Sources: Loan Agreement (Star Bulk Carriers Corp.)

Non-availability of matching deposits for Interest Period selected. If, after the Borrowers have Borrower has selected an Interest Period longer than 3 6 months, the Lender notifies the Borrowers Borrower by 11.00 a.m. (London Athens time) on the second 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 3 months duration6 months.

Appears in 1 contract

Sources: Loan Agreement (Box Ships Inc.)

Non-availability of matching deposits for Interest Period selected. If, after the Borrowers Borrower has selected and the Lender have selected agreed an Interest Period longer than 3 6 months, the Lender notifies the Borrowers Borrower by 11.00 a.m. (London time) on the second first Business Day before the commencement of the Interest Period that it is not satisfied that deposits in Dollars or, as the case may be, the relevant Optional Currency 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 3 months duration6 months.

Appears in 1 contract

Sources: Loan Agreement (Tsakos Energy Navigation LTD)

Non-availability of matching deposits for Interest Period selected. If, after the Borrowers have selected and the Lenders have agreed an Interest Period longer than 3 months, the any Lender notifies the Borrowers Facility Agent by 11.00 a.m. (London Paris time) on the second 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 interbank market when the Interest Period commences, the Interest Period shall be of 3 months durationmonths.

Appears in 1 contract

Sources: Loan Agreement (Capital Product Partners L.P.)