Common use of Normal rate of interest Clause in Contracts

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the Advance in respect of an Interest Period relative to the Advance shall be the aggregate of (i) the Margin and (ii) the Reference Rate for that Interest Period.

Appears in 2 contracts

Sources: Loan Agreement (Toro Corp.), Loan Agreement (Castor Maritime Inc.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the each Advance in respect of an Interest Period relative to the Advance shall be the aggregate of of: (ia) the Margin and Margin; (iib) the Reference Rate Mandatory Cost (if any); and (c) LIBOR for that Interest Period.

Appears in 2 contracts

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

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the each Advance in respect of an Interest Period relative to the Advance shall be the aggregate of of: (ia) the Margin and applicable Margin; and (iib) the Reference Rate LIBOR for that Interest Period.

Appears in 2 contracts

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

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the an Advance in respect of an the Interest Period relative applicable to the Advance it shall be the aggregate of (ia) the Margin and Margin, (iib) the Reference Relevant Interest Rate for that Interest PeriodPeriod and (c) the Mandatory Cost Rate, if any.

Appears in 2 contracts

Sources: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Gala Properties Inc.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the each Advance in respect of an Interest Period relative to the that Advance shall be the aggregate of (i) the Margin and Margin, (ii) the Reference Rate Mandatory Cost (if any) and (iii) LIBOR for that Interest Period.

Appears in 2 contracts

Sources: Loan Agreement, Loan Agreement (Navios Maritime Partners L.P.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each Advance and the Advance Loan and each part thereof in respect of an Interest Period relative shall, subject to the Advance shall Clause 6.4, be the aggregate of (i) the Margin and applicable Margin, (ii) the Reference Rate for that Interest Period.Mandatory Cost (if any) and (iii)

Appears in 2 contracts

Sources: Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on on: (a) each Advance; and (b) the Advance Loan, in each case in respect of an each Interest Period relative applicable to the Advance it, shall be the aggregate of (i) the Margin and (ii) Margin, the Reference Rate and the Mandatory Cost Rate for that Interest Period.

Appears in 1 contract

Sources: Amendment Agreement (Aegean Marine Petroleum Network Inc.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the each Advance in respect of an Interest Period relative to the Advance shall be the aggregate of (i) the Margin and applicable Margin, (ii) the Reference Rate Mandatory Costs (if any) and (iii) LIBOR for that Interest Period.

Appears in 1 contract

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

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the each Advance in respect of an Interest Period relative to the Advance shall be the aggregate of of: (ia) the Margin and Margin; and (iib) the Reference Rate LIBOR for that Interest Period.

Appears in 1 contract

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

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each Term Advance and each Revolving Advance (as the Advance case may be) in respect of an Interest Period relative applicable to the Advance it shall be the aggregate of (i) the Margin and (ii) the Reference Rate LIBOR for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Normal rate of interest. Subject to the provisions terms of this Agreement, the rate of interest on the applicable to each Advance (or any part thereof) for each Interest Period relating thereto shall be: (a) for an Interest Period in respect of an Interest Period relative to the Advance shall be which LIBOR is applicable, the aggregate of (i) the applicable Margin and LIBOR for that Interest Period; (iib) for any other Interest Period, such rate as shall be mutually agreed between the Reference Rate Lender and the Borrower for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (DryShips Inc.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the each Advance in respect of an Interest Period relative to the Advance shall be the aggregate of (i) the Margin and Margin, (ii) the Reference Rate LIBOR for that Interest Period and (iii) Mandatory Cost (if any) for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (EuroDry Ltd.)

Normal rate of interest. Subject to the provisions of this Agreement, : (a) the rate of interest on a part of the Advance Loan equal to the Cash Collateral in respect of an Interest Period relative to the Advance shall be the aggregate of the Reduced Margin and the Reference Rate for that Interest Period; and (ib) the rate of interest on a part of the Loan equal to the Loan less the amount of the Cash Collateral (if any) in respect of an Interest Period shall be the aggregate of the Margin and (ii) the Reference Rate for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Partners L.P.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the Advance Loan in respect of an Interest Period relative applicable to the Advance it shall be the aggregate of of: (ia) the Margin and Applicable Margin; and (iib) the Reference Rate for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (Costamare Bulkers Holdings LTD)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the Advance each Tranche in respect of an Interest Period relative applicable to the Advance it shall be the aggregate of (i) the Margin and Margin, (ii) the Reference Mandatory Cost Rate and (iii) and LIBOR for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (Box Ships Inc.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the each Advance in respect of an Interest Period relative to the Advance shall be the aggregate of of: (ia) the Margin and (ii) the Reference Rate for that Interest Period.Margin; and

Appears in 1 contract

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

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the each Advance in respect of an Interest Period relative applicable to the Advance it shall be the aggregate of the Margin, the Mandatory Cost (iif any) the Margin and (ii) the Reference Rate LIBOR for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (GasLog Ltd.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the each Advance in respect of an Interest Period relative applicable to the Advance it shall be the aggregate of (i) the Margin and (ii) the Reference Rate for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (Danaos Corp)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the an Advance in respect of an Interest Period relative applicable to the Advance it shall be the aggregate of the Margin, the Mandatory Cost (iif any) the Margin and (ii) the Reference Rate LIBOR for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (Euronav NV)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the an Advance in respect of an Interest Period relative applicable to the Advance it shall be the aggregate of of: (ia) the Margin and applicable Margin; (iib) LIBOR for that Interest Period; and (c) any costs notified by the Reference Rate Agent to the Borrower under clause 20.5 as being applicable for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (Mc Shipping Inc)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on on: (a) each Advance; and (b) the Advance Loan, in each case in respect of an each Interest Period relative applicable to the Advance it, shall be the aggregate of (i) the Margin and (ii) LIBOR and the Reference Mandatory Cost Rate for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the each Advance in respect of an Interest Period relative applicable to the Advance it shall be the aggregate of the Margin, the Mandatory Cost (iif any) the Margin and (ii) the Reference Rate for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (Danaos Corp)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the Advance a Tranche in respect of an Interest Period relative applicable to the Advance it shall be the aggregate of (i) the Margin and (ii) the Reference Applicable Interest Rate for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (GasLog Ltd.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the each Advance in respect of an Interest Period relative to the Advance shall be the aggregate of (ia) the Margin Margin, (b) the Mandatory Cost and (iic) the Reference Rate LIBOR for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (Danaos Corp)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the Term Advance and each Newbuilding Advance (as the case may be) in respect of an Interest Period relative applicable to the Advance it shall be the aggregate of the Margin, the Mandatory Cost (iif any) the Margin and (ii) the Reference Rate LIBOR for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (Euronav NV)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the Advance each Tranche in respect of an Interest Period relative to the Advance shall be the aggregate of (i) the Margin and Margin, (ii) the Reference Rate Mandatory Costs (if any) and (iii) LIBOR for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (Scorpio Bulkers Inc.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each Advance and the Advance Loan and each part thereof in respect of an Interest Period relative to the Advance shall be the aggregate of (i) the Margin and Margin, (ii) the Reference Rate for that Interest PeriodMandatory Cost (if any) and (iii) LIBOR.

Appears in 1 contract

Sources: Loan Agreement (Paragon Shipping Inc.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the each Advance in respect of an Interest Period relative to the Advance shall be the aggregate of (ia) the applicable Margin and (iib) the Reference Rate LIBOR for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (Pyxis Tankers Inc.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the Advance each Tranche in respect of an Interest interest Period relative applicable to the Advance it shall be the aggregate of (i) the Margin and Margin, (ii) the Reference Rate Mandatory Cost (if any) and (iii) LIBOR for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (Diana Shipping Inc.)

Normal rate of interest. Subject to the provisions terms of this Agreement, the rate of interest on the applicable to each Advance in respect of an (or any part thereof) for each Interest Period relative to the Advance relating thereto shall be the aggregate of (i) the Margin and Margin, (ii) the Reference Rate Mandatory Cost (if any) and (iii) LIBOR for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (DryShips Inc.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the each Advance in respect of an Interest Period relative to the Advance shall be the aggregate of (ia) the Margin Margin, (b) LIBOR and (iic) the Reference Rate Mandatory Costs (if any) for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (Dynagas LNG Partners LP)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the an Advance in respect of an Interest Period relative applicable to the Advance it shall be the aggregate of of: (ia) the Margin and applicable Margin; (iib) LIBOR for that Interest Period; and (c) any costs notified by the Reference Rate Lender to the Borrower under clause 19.5 as being applicable for that Interest Period.

Appears in 1 contract

Sources: Loan Agreement (Mc Shipping Inc)