Selection of Interest Periods. (a) The Borrower may select an Interest Period for the Loan in the Utilisation Request or (if the Loan has already been borrowed) in a Selection Notice. (b) Each Selection Notice for the Loan is irrevocable and must be delivered to the Lender by the Borrower not later than the Specified Time. (c) If the Borrower fails to deliver a Selection Notice to the Lender in accordance with paragraph (b) above, the relevant Interest Period will be three Months. (d) Subject to this Clause 9 (Interest Periods), the Borrower may select an Interest Period of three or six Month(s) or any other period agreed between the Borrower and the Lender. (e) Each Interest Period for a Loan shall start on the Utilisation Date or (if already made) on the last day of the preceding Interest Period for that Loan. (f) An Interest Period for a Loan shall not extend beyond the Final Maturity Date.
Appears in 2 contracts
Sources: Facility Agreement, Facility Agreement (Cordlife Group LTD)
Selection of Interest Periods. (a) The Borrower may select an Interest Period for the a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for the Loan is irrevocable and must be delivered to the Lender Agent by the Borrower not later than the Specified Time.
(c) If the Borrower fails to deliver a Selection Notice to the Lender Agent in accordance with paragraph (b) above, the relevant Interest Period will be three Monthsthe period specified in the Reference Rate Terms.
(d) Subject to this Clause 9 (Interest Periods)11, the Borrower may select an Interest Period of three or six Month(s) any period specified in the Reference Rate Terms or any other period agreed between the Borrower Borrower, the Agent and all Lenders in relation to the Lenderrelevant Loan, provided that an Interest Period of one (1) week may not be selected more than 5 times over the lifetime of the Facilities.
(e) Each An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its Facility.
(f) Each Interest Period shall start on the Utilisation Date or (if already made) on the last day of the its preceding Interest Period for that LoanPeriod.
(fg) An No Interest Period for a Loan shall not extend beyond the Final Maturity Datebe longer than six Months.
Appears in 2 contracts
Sources: Bridge Facilities Agreement (Compagnie Maritime Belge NV), Bridge Facilities Agreement (Compagnie Maritime Belge NV)
Selection of Interest Periods. (a) The Borrower may select an Interest Period for the a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for the Loan is irrevocable and must be delivered to the Lender Agent by the Borrower not later than 11:00 a.m. three (3) Business Days prior to the Specified Timelast day of the then current Interest Period for such Loan.
(c) If the Borrower fails to deliver a Selection Notice to the Lender Agent in accordance with paragraph (b) above, the relevant Interest Period will be three Months(3) months.
(d) Subject to this Clause 9 (Interest Periods)9, the Borrower may select an Interest Period of three (3) or six Month(s(6) months or any other period agreed between the Borrower and the LenderAgent (acting on the instructions of all the Lenders in relation to the relevant Loan).
(e) An Interest Period for a Loan shall not extend beyond the Termination Date.
(f) Each Interest Period for a Loan shall start on the Utilisation Date or (if already made) on the last day of the its preceding Interest Period for that LoanPeriod.
(f) An Interest Period for a Loan shall not extend beyond the Final Maturity Date.
Appears in 2 contracts
Sources: Term Facility Agreement, Term Facility Agreement (KNOT Offshore Partners LP)
Selection of Interest Periods. (a) The A Borrower may select an Interest Period for the a Loan in the Utilisation Request for that Loan or (if the Loan is a Term Loan and has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for the a Term Loan is irrevocable and must be delivered to the Lender Agent by the relevant Borrower not later than 11:00 a.m. three (3) Business Days prior to the Specified Timelast day of the then current Interest Period for such Loan.
(c) If the a Borrower fails to deliver a Selection Notice to the Lender Agent in accordance with paragraph (b) above, the relevant Interest Period will be three Months(3) months.
(d) Subject to this Clause 9 (Interest Periods)9, the a Borrower may select an Interest Period of three (3) or six Month(s(6) months or any other period agreed between the relevant Borrower and the LenderAgent (acting on the instructions of all the Lenders in relation to the relevant Loan).
(e) An Interest Period for a Loan shall not extend beyond the Termination Date.
(f) Each Interest Period for a Term Loan shall start on the Utilisation Date or (if already made) on the last day of the its preceding Interest Period for that LoanPeriod.
(fg) An A Revolving Facility Loan has one Interest Period for a Loan shall not extend beyond the Final Maturity Dateonly.
Appears in 2 contracts
Sources: Term and Revolving Facilities Agreement (KNOT Offshore Partners LP), Term and Revolving Facilities Agreement
Selection of Interest Periods. (a) The A Borrower may select an Interest Period for the a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for the a Term Loan is irrevocable and must be delivered to the Lender by the Borrower not later than the Specified Time.
(c) If the Borrower fails to deliver a Selection Notice to the Lender in accordance with paragraph (b) above, the relevant Interest Period will be three Monthsone Month.
(d) Subject to this Clause 9 (Interest Periods)10, the Borrower Borrowers may select an Interest Period of three 3 or six Month(s6 Months (in respect of Facility A and Facility B) or any other period agreed between the a Borrower and the Lender.
(e) An Interest Period for a Facility A Loan or Facility B Loan shall not extend beyond the Termination Date applicable to its Facility.
(f) Each Interest Period for a Loan shall start on the Utilisation Date or (if already made) on the last day of the its preceding Interest Period for that LoanPeriod.
(f) An Interest Period for a Loan shall not extend beyond the Final Maturity Date.
Appears in 2 contracts
Sources: Facility Agreement (FreeSeas Inc.), Facility Agreement (FreeSeas Inc.)
Selection of Interest Periods. (a) The Borrower Borrowers may select an Interest Period for the a Loan in the Utilisation Request for that Loan (or (if the in respect of a Loan which has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for the a Loan is irrevocable and must be delivered to the Lender Agent by the Borrower Borrowers not later than by 10:00 hours three (3) Business Days prior to the Specified Timelast day of the Interest Period for that Loan.
(c) If the Borrower fails Borrowers fail to deliver a Selection Notice to the Lender Agent or otherwise fail to select an Interest Period for a Loan in accordance with paragraph (a) and b) above, the relevant Interest Period for that Loan will be three Months(3) months.
(d) Subject to this Clause 9 (Interest Periods)11, the Borrower Borrowers may select an Interest Period of three (3) or six Month(s(6) Months, or any other period agreed between the Borrower Borrowers and the LenderAgent (acting on the instructions of all the Lenders).
(e) An Interest Period for a Loan shall not extend beyond the Final Maturity Date.
f) Each Interest Period for a Loan shall start on the Utilisation Date or (if already made) on the last day of the preceding its Interest Period for that LoanPeriod.
(f) An Interest Period for a Loan shall not extend beyond the Final Maturity Date.
Appears in 2 contracts
Sources: Facility Agreement (DHT Holdings, Inc.), Facility Agreement (DHT Holdings, Inc.)
Selection of Interest Periods. (a) The A Borrower may select an Interest Period for the a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for the a Term Loan is irrevocable and must be delivered to the Lender by the Borrower not later than the Specified Time.
(c) If the Borrower fails to deliver a Selection Notice to the Lender in accordance with paragraph (b) above, the relevant Interest Period will be three Monthsone Month.
(d) Subject to this Clause 9 (Interest Periods)9, the Borrower Borrowers may select an Interest Period of three 1, 2 or six Month(s) 3 Months or any other period agreed between the a Borrower and the Lender.
(e) An Interest Period shall not extend beyond the Termination Date applicable to its Facility.
(f) Each Interest Period for a Loan shall start on the Utilisation Date or (if already made) on the last day of the its preceding Interest Period for that LoanPeriod.
(f) An Interest Period for a Loan shall not extend beyond the Final Maturity Date.
Appears in 1 contract
Selection of Interest Periods. (a) The Borrower may select an Interest Period for the a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for the Loan is irrevocable and must be delivered to the Lender Agent by the Borrower not later than the Specified Time.
(c) If the Borrower fails to deliver a Selection Notice to the Lender Agent in accordance with paragraph (b) above, the relevant Interest Period will be three Monthsthe period specified in the Reference Rate Terms.
(d) Subject to this Clause 9 (Interest Periods)9, the Borrower may select an Interest Period of three or six Month(s) any period specified in the Reference Rate Terms or any other period agreed between the Borrower Borrower, the Agent and all Lenders in relation to the Lenderrelevant Loan, provided that an Interest Period of one (1) week may not be selected more than 5 times over the lifetime of the Facilities.
(e) Each An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its Facility.
(f) Each Interest Period shall start on the Utilisation Date or (if already made) on the last day of the its preceding Interest Period for that LoanPeriod.
(fg) An No Interest Period for a Loan shall not extend beyond the Final Maturity Datebe longer than six Months.
Appears in 1 contract
Selection of Interest Periods. (a) The Borrower may select an Interest Period for the a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for the a Loan is irrevocable and must be delivered to the Lender Agent by the Borrower not later than the Specified Time.
(c) If the Borrower fails to deliver a Selection Notice to the Lender Agent in accordance with paragraph (b) above, the relevant Interest Period will be three Monthsone Month.
(d) Subject to this Clause 9 (Interest Periods)9, the Borrower may select an Interest Period of three 1, 2, 3 or six Month(s) 6 Months or any other period agreed between the Borrower and the LenderAgent (acting on the instructions of all the Lenders).
(e) An Interest Period for a Tranche A Loan shall not extend beyond the Tranche A Repayment Date and an Interest Period for a Tranche B Loan shall not extend beyond the Tranche B Repayment Date.
(f) Each Interest Period for a Loan shall start on the Utilisation Date or (if already made) on the last day of the its preceding Interest Period for that LoanPeriod.
(f) An Interest Period for a Loan shall not extend beyond the Final Maturity Date.
Appears in 1 contract
Sources: Single Currency Term Facility Agreement (Bristol Myers Squibb Co)
Selection of Interest Periods. (a) The Borrower may select an Interest Period for the a Loan in the Utilisation Request for the Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for the a Loan is irrevocable and must be delivered to the Lender Agent by the Borrower not later than the Specified TimeBorrower.
(c) If the Borrower fails to deliver a Selection Notice to the Lender Agent in accordance with paragraph (b) above, the relevant Interest Period will will, subject to Clause 9.2 (Changes to Interest Periods), be three Monthsone Month.
(d) Subject to this Clause 9 (Interest Periods)9, the Borrower may select an Interest Period of one or three or six Month(s) Months or any other period agreed between the Borrower and the LenderAgent (acting on the instructions of all the Lenders).
(e) An Interest Period for a Loan shall not extend beyond the Final Maturity Date.
(f) Each Interest Period for a Loan shall start on the Utilisation Date or (if already made) on the last day of the its preceding Interest Period for that LoanPeriod.
(f) An Interest Period for a Loan shall not extend beyond the Final Maturity Date.
Appears in 1 contract
Sources: Single Currency Term Facility Agreement (General Geophysics Co)
Selection of Interest Periods. (a) The Borrower may select an Interest Period for the a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for the a Loan is irrevocable and must be delivered to the Lender by the Borrower not later than 10:00 a.m. on the Specified TimeBusiness Day before the first day of the relevant Interest Period.
(c) If the Borrower fails to deliver a Selection Notice to the Lender in accordance with paragraph (b) above, the relevant Interest Period will be three Monthsone Month.
(d) Subject to this Clause 9 (Interest Periods)9, the Borrower may select an Interest Period of three or six Month(s) Months or of any other period agreed between the Borrower and the LenderLender in relation to the relevant Loan.
(e) An Interest Period for a Loan shall not extend beyond the Termination Date.
(f) Each Interest Period for a Loan shall start on the Utilisation Date or (if already made) on the last day of the its preceding Interest Period for that LoanPeriod.
(f) An Interest Period for a Loan shall not extend beyond the Final Maturity Date.
Appears in 1 contract
Sources: Facility Agreement
Selection of Interest Periods. (a) The Borrower may select an Interest Period for the Loan in the Utilisation Request for the Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for the Loan is irrevocable and must be delivered to the Lender Agent by the Borrower not later than the Specified Time.
(c) If the Borrower fails to deliver a Selection Notice to the Lender Agent in accordance with paragraph (b) above, the relevant Interest Period will be three Monthsone Month.
(d) Subject to this Clause 9 (Interest Periods)9, the Borrower may select an Interest Period of three 1 week or six Month(s) 1, 2, 3 or 6 Months or any other period agreed between the Borrower and the LenderAgent (acting on the instructions of all the Lenders).
(e) An Interest Period for the Loan shall not extend beyond the next Repayment Date.
(f) Each Interest Period for a the Loan shall start on the Utilisation Date or (if already made) on the last day of the its preceding Interest Period for that LoanPeriod.
(f) An Interest Period for a Loan shall not extend beyond the Final Maturity Date.
Appears in 1 contract
Selection of Interest Periods. (a) The Borrower may select an Interest Period for the a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for the Loan is irrevocable and must be delivered to the Lender Agent by the Borrower not later than the Specified Time.
(c) If the Borrower fails to deliver a Selection Notice to the Lender Agent in accordance with paragraph (b) above, the relevant Interest Period will be three Monthsthe period specified in the Reference Rate Terms.
(d) Subject to this Clause 9 (Interest Periods)10, the Borrower may select an Interest Period of three or six Month(s) any period specified in the Reference Rate Terms or any other period agreed between the Borrower Borrower, the Agent and all Lenders in relation to the Lenderrelevant Loan, provided that an Interest Period of one (1) week may not be selected more than 5 times over the lifetime of the Facilities.
(e) Each An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its Facility.
(f) Each Interest Period shall start on the Utilisation Date or (if already made) on the last day of the its preceding Interest Period for that LoanPeriod.
(fg) An No Interest Period for a Loan shall not extend beyond the Final Maturity Datebe longer than six Months.
Appears in 1 contract
Sources: Bridge Facilities Agreement (Compagnie Maritime Belge NV)
Selection of Interest Periods. (a) The Borrower may select an Interest Period for the a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for the a Loan is irrevocable and must be delivered to the Lender Agent by the Borrower not later than the Specified Time.
(c) If the Borrower fails to deliver a Selection Notice to the Lender Agent in accordance with paragraph (b) above, the relevant Interest Period will be three Monthsone Month.
(d) Subject to this Clause 9 (Interest Periods)10, the Borrower may select an Interest Period of one, two, three or six Month(s) months or any other period agreed between the Borrower and the LenderAgent (acting on the instructions of all the Lenders).
(e) An Interest Period for a Loan shall not extend beyond the Termination Date.
(f) Each Interest Period for a Loan shall start on the Utilisation Date or (if already made) on the last day of the its preceding Interest Period for that LoanPeriod.
(f) An Interest Period for a Loan shall not extend beyond the Final Maturity Date.
Appears in 1 contract
Sources: Credit Facility Agreement (Sap Ag)
Selection of Interest Periods. (a) The Borrower may select an Interest Period for the a Loan in the Utilisation Request for that Loan or (if the Loan is a Facility A Loan and has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for the Loan is irrevocable and must be delivered to the Lender Agent by the Borrower not later than the Specified Time.
(c) If the Borrower fails to deliver a Selection Notice to the Lender Agent in accordance with paragraph (b) above, the relevant Interest Period will be three Monthsone Month.
(d) Subject to this Clause 9 (Interest Periods)10, the Borrower may select an Interest Period of one, two, three or six Month(s) Months, or any other period agreed between the Borrower and the LenderAgent (acting on the instructions of all the Lenders participating in the relevant Facility).
(e) Each Interest Period for a Loan shall start on the Utilisation Date or (if already made) on the last day of the preceding Interest Period for that Loan.
(f) An Interest Period for a Loan shall not extend beyond the Final Maturity DateTermination Date applicable to its Facility.
(f) Each Interest Period for a Facility A Loan shall start on the Utilisation Date or (if a Loan has already been made) on the last day of its preceding Interest Period.
(g) A Facility B Loan has one Interest Period only.
Appears in 1 contract