Beginning and end of Interest Periods. Each Interest Period shall start on the Drawdown Date or (if the Loan is already made) on the last day of the preceding Interest Period and end on the date which numerically corresponds to the Drawdown Date or the last day of the preceding Interest Period in the relevant calendar month except that, if there is no numerically corresponding date in that calendar month, the Interest Period shall end on the last Business Day in that month.
Beginning and end of Interest Periods. The first Interest Period in respect of the first Drawing shall begin on the Drawdown Date of that Drawing and shall end on the last day of the Interest Period. The first Interest Period in respect of each subsequent Drawing shall begin on the Drawdown Date of that Drawing and end on the last day of the current Interest Period of the Loan. Any subsequent Interest Period in respect of each Drawing shall commence on the day following the last day of its previous Interest Period and shall end on the last day of its current Interest Period.
Beginning and end of Interest Periods. The first Interest Period in respect of the Loan shall begin on the Drawdown Date and shall end on the last day of the Interest Period selected in accordance with Clause 7.1. Any subsequent Interest Period selected in respect of the Loan shall commence on the day following the last day of its previous Interest Period and shall end on the last day of its current Interest Period selected in accordance with Clause 7.1.
Beginning and end of Interest Periods. The first Interest Period applicable to an Advance shall start on the Drawdown Date relative to that Advance and end on the date which numerically corresponds to the Drawdown Date and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period except that, if there is no numerically corresponding date in that calendar month, the Interest Period shall end on the last Banking Day in that month. The first Interest Period applicable to the second Advance shall be a period ending on the last day of the Interest Period applicable to the first Advance then current, whereupon both Advances shall be consolidated and treated as a single advance.
Beginning and end of Interest Periods. The first Interest Period shall begin on the Drawdown Date, and the final Interest Period shall end on the Repayment Date applicable to the final Repayment Instalment.
Beginning and end of Interest Periods. 7.2.1 The initial Interest Period in respect of the Advance shall commence on the Drawdown Date for the Advance and end on the last day of that Interest Period selected in accordance with clause 7.1, but so that no Interest Period shall overrun an Application Date.
7.2.2 Any other Interest Period in respect of the Loan shall commence on the day following the last day of the previous Interest Period and shall end on the last day of its current Interest Period selected in accordance with clause 7.1 provided that if an Interest Period would otherwise overrun an Application Date, the last day of that Interest Period shall be that Application Date.
Beginning and end of Interest Periods. 7.2.1 The initial Interest Period in respect of the first Advance shall commence on the Drawdown Date for the first Advance and shall end on the next following Quarter Date and each subsequent Interest Period in respect of the first Advance shall commence on the expiry of the previous Interest Period and end on the next following Quarter Date;
7.2.2 The initial Interest Period for any other Advance shall commence on the Drawdown Date for that Advance and shall end on the last day of the then current Interest Period in respect of the Loan and, on the last day of such Interest Period, the amount of that Advance shall be consolidated with the Loan and shall thereafter together constitute the Loan;
7.2.3 The Interest Period commencing on the second Quarter Date falling on or after the earlier of (i) the Charter Date of Acceptance and (ii) six (6) Months after the Delivery Date, shall commence on that Quarter Date and end on the first Application Date; and
7.2.4 Any other Interest Period in respect of the Loan shall commence on the day following the previous Application Date or previous Interest Period and shall end on the last day of its current Interest Period selected in accordance with clause 7.1.
Beginning and end of Interest Periods. Each Interest Period in respect of a Vessel Tranche shall start on the first Drawdown Date in respect of that Vessel Tranche or, if that Vessel Tranche has already been drawndown, on the last day of the preceding Interest Period and end on the date which numerically corresponds to the first Drawdown Date or the last day of the preceding Interest Period in the relevant calendar month except that, if there is no numerically corresponding date in that calendar month, the Interest Period shall end on the last Business Day in that month.
Beginning and end of Interest Periods. The first Interest Period in respect of each Drawing shall begin on its Advance Date. Notwithstanding Clause 6.1, (i) the last Interest Periods applicable to the first and second Drawings immediately prior to the advance of the Delivery Drawing shall be of such length as to end on the Advance Date for the Delivery Drawing, upon which the Loan shall be consolidated and subject only to Clause 6.10, all Interest Periods for all three (3) Drawings shall be concurrent, and (ii) the first Interest Period applicable to the Loan from the Advance Date for the Delivery Drawing shall be of four (4) months’ duration. The final Interest Period for the Loan shall end on the Repayment Date applicable to the final Repayment Instalment.
Beginning and end of Interest Periods. The first Interest Period shall begin on the Advance Date. Notwithstanding Clause 6.1 the final Interest Period shall end on the Final Maturity Date.
