Common use of Change in Interest Period Clause in Contracts

Change in Interest Period. Without prejudice to the provisions of Section 2.05 (Default Rate Interest), if at any time the Borrowers fail to pay any amount of principal of, or interest on, the Loan when due (whether at stated maturity or upon acceleration), and any part of that amount remains unpaid on the third Business Day immediately preceding any Interest Payment Date falling after that amount became due, then:

Appears in 3 contracts

Samples: Loan Agreement (Ultrapetrol Bahamas LTD), Loan Agreement (Ultrapetrol Bahamas LTD), Loan Agreement (Ultrapetrol Bahamas LTD)

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Change in Interest Period. Without prejudice to the provisions terms of Section 2.05 3.12 (Default Rate InterestLate Charges), if at any time while any amounts are outstanding under the A Loan or the B Loan, the Borrowers fail to pay any amount of principal of, or interest on, either the A Loan or the B Loan when due (whether at stated maturity or upon acceleration), and any part of that amount remains unpaid on the third (3rd) Business Day immediately preceding any Interest Payment Date falling after that amount became due, then:

Appears in 2 contracts

Samples: Original Loan Agreement (Adecoagro S.A.), Loan Agreement (Adecoagro S.A.)

Change in Interest Period. Without prejudice to the provisions of Section 2.05 (Default Rate Interest)2.05, if at any time the Borrowers fail Borrower fails to pay any amount of principal of, or interest on, the Loan when due (whether at stated maturity or upon acceleration), and any part of that amount remains unpaid on the third Business Day immediately preceding any Interest Payment Date falling after that amount became due, then:

Appears in 1 contract

Samples: Loan Agreement (Ultrapetrol Bahamas LTD)

Change in Interest Period. Without prejudice to the provisions of Section 2.05 3.05 (Default Rate Interest), if at any time the Borrowers fail Borrower fails to pay any amount of principal of, or interest on, the FMO Loan when due (whether at stated maturity or upon acceleration), and any part of that amount remains unpaid on the third Business Day immediately preceding any Interest Payment Date falling after that amount became due, then:

Appears in 1 contract

Samples: Loan Agreement (Genesee & Wyoming Inc)

Change in Interest Period. Without prejudice to the provisions of Section 2.05 3.05 (Default Rate Interest), if at any time the Borrowers fail Borrower fails to pay any amount of principal of, or interest on, the IFC Loan when due (whether at stated maturity or upon acceleration), and any part of that amount remains unpaid on the third Business Day immediately preceding any Interest Payment Date falling after that amount became due, then:

Appears in 1 contract

Samples: Loan Agreement (Genesee & Wyoming Inc)

Change in Interest Period. Without prejudice to the provisions of Section 2.05 3.05 (Default Rate Interest), if at any time the Borrowers fail Borrower fails to pay any amount of principal of, or interest on, the Loan when due (whether at stated maturity or upon acceleration), and any part of that amount remains unpaid on the third Business Day immediately preceding any Interest Payment Date falling after that amount became due, then:

Appears in 1 contract

Samples: Loan Agreement (Cascal B.V.)

Change in Interest Period. Without prejudice to the provisions of Section 2.05 (Default Rate Interest), if at any time the Borrowers fail Borrower fails to pay any amount of principal of, or interest on, the C Loan when due (whether at stated maturity or upon acceleration), and any part of that amount remains unpaid on the third Business Day immediately preceding any Interest Payment Date falling after that amount became due, then:

Appears in 1 contract

Samples: C Loan Agreement (BPZ Resources, Inc.)

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Change in Interest Period. Without prejudice to the provisions of Section 2.05 (Default Rate Interest), if at any time any of the Borrowers fail fails to pay any amount of principal of, or interest on, the any Loan when due (whether at stated maturity or upon acceleration), and any part of that amount remains unpaid on the third Business Day immediately preceding any Interest Payment Date falling after that amount became due, then:

Appears in 1 contract

Samples: Loan and Guarantee Agreement (Toreador Resources Corp)

Change in Interest Period. Without prejudice to the provisions of Section 2.05 (Default Rate Interest), if at any time the Borrowers fail Borrower fails to pay any amount of principal of, or interest on, the Loan when due (whether at stated maturity or upon acceleration), and any part of that amount remains unpaid on the third Business Day immediately preceding any Interest Payment Date falling after that amount became due, then:

Appears in 1 contract

Samples: Loan Agreement (Ultrapetrol Bahamas LTD)

Change in Interest Period. Without prejudice to the provisions terms of Section 2.05 3.12 (Default Rate InterestLate Charges), if at any time while any amounts are outstanding under the Borrowers fail A Loan or the B Loan, the Borrower fails to pay any amount of principal of, or interest on, either the A Loan or the B Loan when due (whether at stated maturity or upon acceleration), and any part of that amount remains unpaid on the third (3rd) Business Day immediately preceding any Interest Payment Date falling after that amount became due, then:

Appears in 1 contract

Samples: Agreement

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