Beginning and end of Interest. Periods The first Interest Period in respect of each Drawing shall begin on the Advance Date of that Drawing and shall end on the last day of the Interest Period selected in accordance with Clause 6.1. Any subsequent Interest Period selected 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 selected in accordance with Clause 6.1. However, in respect of any Drawings outstanding on the Termination Date, the Interest Period applicable to such Drawings shall end on the Termination Date.
Appears in 13 contracts
Samples: Secured Reducing Revolving Loan Facility Agreement, Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc), Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc)
Beginning and end of Interest. Periods The first Interest Period in respect of each Drawing shall begin on the Advance Drawdown Date of that Drawing and shall end on the last day of the Interest Period selected in accordance with Clause 6.17.1. Any subsequent Interest Period selected 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 selected in accordance with Clause 6.1. However, in respect of any Drawings outstanding on the Termination Date, the Interest Period applicable to such Drawings shall end on the Termination Date7.1.
Appears in 6 contracts
Samples: Facility Agreement (Teekay Corp), Loan Agreement (Teekay Shipping Corp), Secured Facility Agreement (Teekay LNG Partners L.P.)
Beginning and end of Interest. Periods PERIODS The first Interest Period in respect of each Drawing shall begin on the Advance Drawdown Date of that Drawing and shall end on the last day of the Interest Period selected in accordance with Clause 6.17.1. Any subsequent Interest Period selected 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 selected in accordance with Clause 6.1. However, in respect of any Drawings outstanding on the Termination Date, the Interest Period applicable to such Drawings shall end on the Termination Date7.1.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Teekay Offshore Partners L.P.)
Beginning and end of Interest. Periods The first Interest Period in respect of each Drawing shall begin on the Advance Date of that Drawing and shall end on the last day of the Interest Period selected in accordance with Clause 6.17.1. Any subsequent Interest Period selected 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 selected in accordance with Clause 6.17.1. However, in respect of any Drawings outstanding on the Termination Date, the Interest Period applicable to such Drawings shall end on the Termination Date.
Appears in 1 contract
Samples: Deed of Amendment and Restatement (Stolt Offshore S A)
Beginning and end of Interest. Periods The first Interest Period in respect of each Drawing shall begin on the Advance Drawdown Date in respect of that Drawing and shall end on the last day of the Interest Period selected in accordance with Clause 6.17.1. Any subsequent Interest Period selected in respect of each a 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 selected in accordance with Clause 6.1. However, in respect of any Drawings outstanding on the Termination Date, the Interest Period applicable to such Drawings shall end on the Termination Date7.
Appears in 1 contract
Samples: Secured Revolving Credit Facility Agreement (Teekay Corp)
Beginning and end of Interest. Periods The first Interest Period in respect of each Drawing shall begin on the Advance Drawdown Date of that Drawing and shall end on the last day of the Interest Period selected in accordance with Clause 6.1Clause
7.1. Any subsequent Interest Period selected 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 selected in accordance with Clause 6.1. However, in respect of any Drawings outstanding on the Termination Date, the Interest Period applicable to such Drawings shall end on the Termination Date7.1.
Appears in 1 contract
Samples: Secured Facility Agreement
Beginning and end of Interest. Periods The first Interest Period in respect of each Drawing shall begin on the Advance Date of that Drawing and shall end on the last day of the Interest Period selected in accordance with Clause 6.1. Any subsequent Interest Period selected 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 selected in accordance with Clause Clause
6.1. However, in respect of any Drawings outstanding on the Termination Date, the Interest Period applicable to such Drawings shall end on the Termination Date.
Appears in 1 contract
Samples: Loan Facility Agreement
Beginning and end of Interest. Periods The first Interest Period in respect of each Drawing shall begin on the Advance Date of that Drawing and shall end on the last day of the Interest Period selected in accordance with Clause 6.17.1. Any subsequent Interest Period selected or deemed selected 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 selected or deemed selected in accordance with Clause 6.17.1. However, in respect of any Drawings outstanding on the Termination Date, the Interest Period applicable to such Drawings shall end on the Termination Date.
Appears in 1 contract
Samples: Loan Agreement (Stolt Nielsen S A)
