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.
Appears in 8 contracts
Samples: Secured Loan Agreement (DHT Holdings, Inc.), Secured Loan Agreement (Poseidon Containers Holdings Corp.), Secured Loan Agreement (Baltic Trading LTD)
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 Drawing in question and end on the date which numerically corresponds to the that 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.
Appears in 6 contracts
Samples: Credit Facility Agreement (Safe Bulkers, Inc.), Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.), Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.)
Beginning and end of Interest Periods. Each Interest Period shall start on the first Drawdown Date or (if the Loan a Drawing is already made) 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.
Appears in 2 contracts
Samples: Secured Loan Agreement (Baltic Trading LTD), Secured Loan Agreement (Baltic Trading LTD)
Beginning and end of Interest Periods. Each Interest Period shall start on the first Drawdown Date of the relevant Vessel Loan or (if the a Drawing of that Vessel Loan is already madeadvanced) on the last day of the preceding Interest Period and end on the date which numerically corresponds to the first Drawdown Date of that Vessel Loan 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.
Appears in 2 contracts
Samples: Secured Loan Agreement (NewLead Holdings Ltd.), Secured Loan Agreement (DryShips Inc.)
Beginning and end of Interest Periods. Each Interest Period shall start on the Drawdown Date of the relevant Tranche or (if the Loan a Tranche is already madeadvanced) on the last day of the preceding Interest Period and end on the date which numerically corresponds to the Drawdown Date of that Tranche 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.
Appears in 1 contract
Samples: Secured Loan Agreement (Poseidon Containers Holdings Corp.)
Beginning and end of Interest Periods. Each Interest Period shall start begin on the relevant Drawdown Date or (if the Loan relevant Tranche is already madeadvanced) on the last day of the preceding Interest Period and shall end on the date which numerically corresponds to the relevant 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.
Appears in 1 contract
Samples: Secured Credit Facility (Teekay Offshore Partners L.P.)
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 monthmonth and no Interest Period may exceed the Final Maturity Date.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
Beginning and end of Interest Periods. Each Interest Period shall start on the Drawdown Date of the relevant Tranche or (if the Loan a Tranche is already made) on the last day of the preceding Interest Period and end on the date which numerically corresponds to whichever of 21 January, 21 April, 21 July or 21 October that next falls after the Drawdown Date of that Tranche or the last day of the preceding Interest Period in the relevant calendar month which shall be a Repayment Date, 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.
Appears in 1 contract
Beginning and end of Interest Periods. Each Interest Period shall start begin on the Drawdown Date or (if the Loan is already made) on the last day of the preceding Interest Period and shall 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.
Appears in 1 contract
Samples: Secured Credit Facility (Teekay Offshore Partners L.P.)
Beginning and end of Interest Periods. Each Interest Period shall start on the Drawdown Date of the relevant Tranche or (if the Loan a Tranche is already made) on the last day of the preceding Interest Period and end on the date which numerically corresponds to whichever of January, April, 21 July or October that next falls after the Drawdown Date of that Tranche or the last day of the preceding Interest Period in the relevant calendar month which shall be a Repayment Date, 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.
Appears in 1 contract
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 Banking Day in that month.
Appears in 1 contract
Beginning and end of Interest Periods. Each The first 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 and each subsequent Interest Period shall commence on the last day expiry 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 Banking Day in that month.
Appears in 1 contract
Beginning and end of Interest Periods. Each Interest Period shall start on the first Drawdown Date or (if the Loan a Tranche is already made) 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.
Appears in 1 contract
