Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause shall be paid on the last day of the period by reference to which it was determined; and the payment shall be made to the Agent for the account of the Creditor Party to which the overdue amount is due.
Appears in 156 contracts
Sources: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Capital Product Partners L.P.)
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause shall be paid on the last day of the period by reference to which it was determined; and the payment shall be made to the Facility Agent for the account of the Creditor Party to which the overdue amount is due.
Appears in 6 contracts
Sources: Loan Agreement (Capital Product Partners L.P.), Loan Agreement, Loan Agreement (Capital Product Partners L.P.)
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause shall be paid on the last day of the period Interest Period by reference to which it was determined; and the payment shall be made to the Agent for the account of the Creditor Party to which the overdue amount is due.
Appears in 4 contracts
Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (EuroDry Ltd.), Loan Agreement (Navios Maritime Partners L.P.)
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause shall be paid on the last day of the period by reference to which it was determined; determined and the payment shall be made to the Agent for the account of the Creditor Party to which the overdue amount is due.
Appears in 4 contracts
Sources: Loan Agreement (Danaos Corp), Loan Agreement (DryShips Inc.), Loan and Guarantee Facility Agreement (DryShips Inc.)
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause shall be paid on the last day of the period Interest Period by reference to which it was determined; and the payment shall be made to the Agent for the account of the Creditor Party to which the overdue amount is due.
Appears in 4 contracts
Sources: Loan Agreement (Toro Corp.), Loan Agreement (Castor Maritime Inc.), Loan Agreement (Cool Co Ltd.)
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause 7 shall be paid on the last day of the period by reference to which it was determined; and the payment shall be made to the Agent for the account of the Creditor Party to which the overdue amount is due.
Appears in 4 contracts
Sources: Facility Agreement (NewLead Holdings Ltd.), Facility Agreement (NewLead Holdings Ltd.), Loan Agreement (Tsakos Energy Navigation LTD)
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause shall be paid on the last day of the period by reference to which it was determined; and the payment shall be made to the Agent Lender for the account of if the Creditor Party Lender to which the overdue amount is due.
Appears in 4 contracts
Sources: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (NewLead Holdings Ltd.)
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause 6 shall be paid on the last day of the period by reference to which it was determined; and the payment shall be made to the Agent for the account of the Creditor Party to which the overdue amount is due.
Appears in 3 contracts
Sources: Loan Agreement (EuroDry Ltd.), Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause shall be paid on the last day of the period by reference to which it was determined; and the payment shall be made to the Agent for the account of the Creditor Party to which the overdue amount is due. Any such interest which is not paid at the end of the period by reference to which it was determined shall thereupon be compounded.
Appears in 3 contracts
Sources: Loan Agreement (Navios Maritime Containers Inc.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause 8 shall be paid on the last day of the period by reference to which it was determined; and the payment shall be made to the Agent for the account of the Creditor Party to which the overdue amount is due.
Appears in 2 contracts
Sources: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause shall be paid on the last day of the period by reference to which it was determined; and the payment shall be made to the Agent for the account of the Creditor Party to which the overdue amount is due. Any such interest which is not paid shall be compounded at the end of the relevant interest period.
Appears in 2 contracts
Sources: Loan Agreement (Product Shipping Ltd.), Loan Agreement (Product Shipping Ltd.)
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause Section 7 shall be paid on the last day of the period by reference to which it was determined; and the payment shall be made to the Administrative Agent for the account of the Creditor Finance Party to which the overdue amount is due.
Appears in 1 contract
Sources: Senior Secured Credit Facility Agreement (Pacific Drilling S.A.)
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause Clause: (a) shall be paid on the last day of the period by reference to which it was determined; and , (b) the payment shall be made to the Agent for the account of the Creditor Party to which the overdue amount is due, and (c) it shall be immediately payable by the Borrower on demand by the Agent.
Appears in 1 contract
Sources: Loan Agreement (Dorian LPG Ltd.)
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause 4.5 shall be paid on the last day of the period by reference to which it was determined; and the payment shall be made to the Agent for the account of the Creditor Party to which the overdue amount is due.
Appears in 1 contract
Sources: Loan Agreement (GasLog Partners LP)
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause shall be paid on the Agent's demand but also in any event, on the last day of the period by reference to which it was determined; and the payment shall be made to the Agent for the account of the Creditor Party to which the overdue amount is due.
Appears in 1 contract
Sources: Loan Agreement (Top Ships Inc.)
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause shall be paid on the last day of the period by reference to which it was determined; and the payment shall be made to the Security Agent for the account of the Creditor Party to which the overdue amount is due.
Appears in 1 contract
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause 7.5 (Payment of accrued default interest) shall be paid on the last day of the period by reference to which it was determined; and the payment shall be made to the Facility Agent for the account of the Creditor Party to which the overdue amount is due.
Appears in 1 contract
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause shall be paid on the last day of the period by reference to which it was determined; and the payment . Any such interest which is not paid shall be made to compounded at the Agent for the account end of the Creditor Party to which the overdue amount is duerelevant interest period.
Appears in 1 contract
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause shall be paid on (i) the last day of the period by reference to which it was determined; determined and (ii) the payment shall be made to the Agent for the account date on which any principal amount in respect of the Creditor Party to which the overdue amount it is dueaccruing is paid.
Appears in 1 contract
Sources: Loan Agreement (Omega Navigation Enterprises, Inc.)
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause Clause: (a) shall be paid on the last day of the period by reference to which it was determined; and , (b) the payment shall 48 β be made to the Agent for the account of the Creditor Party to which the overdue amount is due, and (c) it shall be immediately payable by the Borrower on demand by the Agent.
Appears in 1 contract
Sources: Loan Agreement (Dorian LPG Ltd.)
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause 8 shall be paid on the last day of the period by reference to which it was determined; and the payment shall be made to the Paying Agent for the account of the Creditor Party to which the overdue amount is due.
Appears in 1 contract
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause shall be paid on the last day of the period by reference to which it was determined; and the payment shall be made to the Agent Security Trustee for the account of the Creditor Party to which the overdue amount is due.
Appears in 1 contract
Sources: Loan Agreement (StealthGas Inc.)
Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under this Clause shall be paid on the last day of the period by reference to which it was determined; and the payment shall be made to the Agent for the account of the Creditor Party to which the overdue amount is due.. 2
Appears in 1 contract