Selection of Interest Periods and Terms. (a) A Borrower may select an Interest Period for a Loan and a Term for a Letter of Credit in the Utilisation Request for that Loan or Letter of Credit, as the case may be. (b) Subject to this Clause 13 (Interest Periods and Terms), a Borrower may select an Interest Period of one, two, three or six Months or any other period not exceeding twelve Months agreed between such Borrower and the Agent (acting on the instructions of all the Lenders). (c) The Borrower may select a Term for a Letter of Credit of a period not exceeding twelve months, ending on or before the Termination Date. (d) An Interest Period for a Loan and a Term for a Letter of Credit shall not extend beyond the Termination Date. (e) Each Interest Period for a Loan and each Term for a Letter of Credit shall start on the Utilisation Date. (f) A Loan has one Interest Period only.
Appears in 2 contracts
Sources: Facility Agreement (Kronos International Inc), Facility Agreement (Kronos International Inc)
Selection of Interest Periods and Terms. (ai) A Borrower may select an Interest Period for a Loan and a Term for a Letter of Credit in the Utilisation Request for that Loan or Letter of Credit, as the case may be.
(bii) Subject to this Clause 13 13 (Interest Periods and Terms), a Borrower may select an Interest Period of one, two, three or six Months or any other period period not exceeding twelve Months agreed between such Borrower and the Agent (acting on the instructions of all the Lenders).
(ciii) The Borrower may select a Term for a Letter of Credit of a period not exceeding twelve months, ending on or before the Termination Date.
(div) An Interest Period for a Loan and a Term for a Letter of Credit shall not extend beyond the Termination Date.
(ev) Each Interest Period for a Loan and each Term for a Letter of Credit shall start on the Utilisation Date.
(fvi) A Loan has one Interest Period only.
Appears in 1 contract
Sources: Fifth Amendment Agreement (Kronos International Inc)