First Interest Period Sample Clauses

First Interest Period. The first Interest Period for such overdue amount will be the unexpired portion of such current Interest Period.
Sample 1Sample 2
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First Interest Period. For the First Interest Period, interest shall be calculated on the basis of a year of 365 days or 366 days, as applicable, and the actual number of days elapsed in that period and payable in arrears on the First Interest Payment Date.
Sample 1Sample 2
First Interest Period. For the purposes of clause 8.1 (c) and (e) of the ARFA, we confirm that the first Interest Period in respect of the Loan shall run from the date of this Notice for a period of three months. This Notice and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with its subject matter or formation shall be governed by and construed in accordance with the law of England and Wales. Yours faithfully. Duly authorised For and on behalf of CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK Acknowledged and agreed Duly authorised For and on behalf of DHT TIGER LIMITED SCHEDULE 3 AMENDED AND RESTATED FACILITY AGREEMENT Confidential Execution version $ 37,500,000 SECURED LOAN AGREEMENT RELATING TO MV "DHT TIGER" 29 November 2022 between DHT Tiger Limited (as Borrower) DHT Holdings, Inc. (as Guarantor) The Financial Institutions listed in Schedule 1 (as Original Lenders) Crédit Agricole Corporate and Investment Bank (as Agent) Crédit Agricole Corporate and Investment Bank (as Swap Provider) Crédit Agricole Corporate and Investment Bank (as Security Agent) TABLE OF CONTENTS SECTION 1 INTERPRETATION 5 1. DEFINITIONS AND INTERPRETATION 5 SECTION 2 THE LOAN 27 2. THE LOAN 27 3. PURPOSE 28 SECTION 3 LOAN UTILISATION 28 4. ADVANCE 28 SECTION 4 REPAYMENT, PREPAYMENT AND CANCELLATION 30 5. REPAYMENT 30 6. ILLEGALITY, PREPAYMENT AND CANCELLATION 30 SECTION 5 COSTS OF UTILISATION 32 7. INTEREST 32 8. INTEREST PERIODS 34 9. CHANGES TO THE CALCULATION OF INTEREST 35 10. FEES 37 SECTION 6 ADDITIONAL PAYMENT OBLIGATIONS 37 11. TAX GROSS UP AND INDEMNITIES 37 12. INCREASED COSTS 41 13. OTHER INDEMNITIES 43 14. MITIGATION BY THE LENDERS 45 15. COSTS AND EXPENSES 45 SECTION 7 SECURITY AND APPLICATION OF MONEYS 47 16. SECURITY DOCUMENTS AND APPLICATION OF MONEYS 47 17. GUARANTEE AND INDEMNITY 51 SECTION 8 REPRESENTATIONS, UNDERTAKINGS AND EVENTS OF DEFAULT 55 18. REPRESENTATIONS 55 19. INFORMATION UNDERTAKINGS 60 20. FINANCIAL COVENANTS 63 21. GENERAL UNDERTAKINGS 64 22. EVENTS OF DEFAULT 70 SECTION 9 CHANGES TO PARTIES 76 23. CHANGES TO THE LENDERS 76 24. NO CHANGES TO THE SECURITY PARTIES 81 SECTION 10 THE FINANCE PARTIES 81 25. ROLE OF THE AGENT AND THE SECURITY AGENT 81
Sample 1
First Interest Period. The first Interest Period in respect of a Loan shall commence from its Drawdown Date and end on the last day of the calendar month in which that Loan shall have been drawndown. Each Interest Period, other than the first Interest Period, in respect of a Loan shall commence from the end of the preceding Interest Period, and end on the last day of the next succeeding calendar month. DAVE & GIRISH & CO. 13
Sample 1
First Interest Period. The first Interest Period of a Drawing shall be selected in the Utilisation Request and shall commence on the Utilisation Date of such Drawing and each subsequent Interest Period shall commence at last day of the immediately preceding Interest Period. The first Interest Period of each subsequent Drawing (other than the first Drawing) under the Credit Facility shall be selected in the Utilisation Request, shall commence on the Utilisation Date of such Drawing and shall have such duration as to expire on the last day of the current Interest Period of the first Drawing under the Credit Facility. From then on the Drawings shall be consolidated and treated as one Drawing.
Sample 1

Related to First Interest Period

  • Interest Period Commencing on the first (1st) Payment Date of the month following the month in which the Funding Date of the applicable Term Loan Advance occurs, and continuing on each Payment Date thereafter, Borrower shall make monthly payments of interest on the principal amount of each Term Loan Advance at the rate set forth in Section 2.2(a).

  • different Interest Periods If the Agent does not receive a Borrowing Notice or an Interest Rate Selection Notice giving notice of election of the duration of an Interest Period or of Conversion of any Loan to or Continuation of a Loan as a Eurodollar Rate Loan by the time prescribed by Section 2.1(c) or 2.8, the Borrower shall be deemed to have elected to Convert such Loan to (or Continue such Loan as) a Base Rate Loan until the Borrower notifies the Agent in accordance with Section 2.8.

  • LIBOR Interest Periods In lieu of making any payment pursuant to this Section 5.2 in respect of any LIBOR Loan, other than on the last day of the Interest Period therefor so long as no Event of Default shall have occurred and be continuing, the Borrower at its option may deposit, on behalf of the Borrower, with the Administrative Agent an amount equal to the amount of the LIBOR Loan to be prepaid and such LIBOR Loan shall be repaid on the last day of the Interest Period therefor in the required amount. Such deposit shall be held by the Administrative Agent in a corporate time deposit account established on terms reasonably satisfactory to the Administrative Agent, earning interest at the then customary rate for accounts of such type. Such deposit shall constitute cash collateral for the LIBOR Loans to be so prepaid; provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 5.2.

  • Notice of Interest Period and Interest Rate Promptly after receipt of a Notice of Borrowing pursuant to Section 2.02(a), a notice of Conversion pursuant to Section 2.09 or a notice of selection of an Interest Period pursuant to the definition of “Interest Period”, the Administrative Agent shall give notice to the Borrower and each Lender of the applicable Interest Period and the applicable interest rate determined by the Administrative Agent for purposes of clause (a)(i) or (a)(ii) above.

  • Number of Interest Periods There may be no more than 6 different Interest Periods for LIBOR Loans outstanding at the same time.

  • Additional Interest on Eurodollar Rate Advances The Borrower shall pay to each Lender, so long as such Lender shall be required under regulations of the Board of Governors of the Federal Reserve System to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each Eurodollar Rate Advance of such Lender, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for the Interest Period for such Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Lender for such Interest Period, payable on each date on which interest is payable on such Advance. Such additional interest shall be determined by such Lender and notified to the Borrower through the Administrative Agent, and such determination shall be conclusive and binding for all purposes, absent manifest error.

  • Determination of Interest Periods Every Interest Period shall be of the duration specified by the Borrowers pursuant to clause 3.2 but so that:

  • Interest Periods In connection with each LIBOR Rate Loan, the Borrower, by giving notice at the times described in Section 3.1(a), shall elect an interest period (each, an "Interest Period") to be applicable to such Loan, which Interest Period shall be a period of one (1), two (2), three (3) or six (6) months with respect to each LIBOR Rate Loan; provided that:

  • Duration of normal Interest Periods Subject to Clauses 6.3 and 6.4, each Interest Period shall be:

  • Eurodollar CDs Any Portfolio Securities which are Eurodollar CDs may be physically held by the European branch of the U.S. banking institution that is the issuer of such Eurodollar CD (a "European Branch"), provided that such Portfolio Securities are identified on the books of the Bank as belonging to the Fund and that the books of the Bank identify the European Branch holding such Portfolio Securities. Notwithstanding any other provision of this Agreement to the contrary, except as stated in the first sentence of this subsection 6.8, the Bank shall be under no other duty with respect to such Eurodollar CDs belonging to the Fund.

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