Commencement of Interest Periods. The first Interest Period shall commence on the Drawdown Date and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Commencement of Interest Periods. The first Interest Period applicable to a Tranche shall commence on the Drawdown Date in respect of that Tranche and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Commencement of Interest Periods. The first Interest Period applicable to the Loan shall commence on the Drawdown Date relative to Tranche A and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the relevant Utilization Date and each subsequent Interest Period for such Advance shall commence on the expiry of the preceding Interest Period.
Commencement of Interest Periods. The(c) Borrower shall compensate each Lender, upon written request by such Lender (which request shall set forth the basis for requesting such amounts), for all reasonable out-of-pocket losses, expenses and liabilities (including any interest paid or calculated to be due and payable by such Lender to lenders of funds borrowed by it to make or carry its LIBOR RateSOFR Loans and any loss, expense or liability sustained by such Lender in connection with the liquidation or re-employment of such funds but excluding loss of anticipated profits) which such Lender sustains: (i) if for any reason (other than a default by such Lender) a borrowing of any LIBOR RateSOFR Loans does not occur on a date specified therefor in a Funding Notice or a telephonic request for borrowing, or a conversion to or continuation of any LIBOR RateSOFR Loans does not occur on a date specified therefor in a Conversion/Continuation Notice or a telephonic request for conversion or continuation; (ii) if any prepayment or other principal payment of, or any conversion of, any of its LIBOR RateSOFR Loans occurs on any day other than the last day of an Interest Period applicable to that Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise), including as a result of an assignment in connection with the replacement of a Lender pursuant to Section 3.4(b); or (iii) if any prepayment of any of its LIBOR RateSOFR Loans is not made on any date specified in a notice of prepayment given by the Borrower. 73
Commencement of Interest Periods. Notwithstanding that the Loan shall be made on the Effective Date, the first Interest Period applicable to the Loan shall be deemed on the Effective Date (subject to Clause 6.3) to have commenced on the same commencement date, and end on the same expiry date, as the Original Loan Agreement Interest Period (immediately prior to the occurrence of the Effective Date) for the Original Loan Agreement Tranche for the Ship; and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Commencement of Interest Periods. 0103218-0000004 NY:20884372.11 38 The first Interest Period applicable to an Advance shall commence on the relevant Drawdown Date and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Commencement of Interest Periods. (a) The first Interest Period in respect of each Advance shall commence on the relevant Utilisation Date or, in the case of an Advance pursuant to Clause 11.2(b), on the relevant Settlement Date and shall end:
Commencement of Interest Periods. (a) The first Interest Period in respect of each Advance shall commence on the relevant Utilisation Date or, in the case of an Advance pursuant to Clause 9.2(b), on the relevant Settlement Date and shall end:
(i) on the same day as the then current Interest Period in respect of the Loan (excluding such Advance); or
(ii) if such Advance is the only Advance then outstanding, on the last day of the Interest Period determined under Clause 6.2.
(b) On the expiry of the first Interest Period in respect of each Advance, such Advance shall be amalgamated with the Loan (excluding such Advance) for the purposes of calculation of interest and determination of Interest Periods.
(c) Each subsequent Interest Period shall commence on the expiry of the previous Interest Period.
Commencement of Interest Periods. Company shall compensate each Lender, upon written request by such Lender (which request shall set forth the basis for requesting such amounts), for all reasonable losses, expenses and liabilities (including any interest paid by such Lender to lenders of funds borrowed by it to make or carry its Eurodollar Rate Loans and any loss, expense or liability sustained by such Lender in connection with the liquidation or re-employment of such funds but excluding loss of anticipated profits) which such Lender may sustain: (i) if for any reason (other than a default by such Lender or by reason of an illegality of a type described in Section 2.17 but not generally affecting substantially all Lenders similarly situated) a borrowing of any Eurodollar Rate Loan does not occur on a date specified therefor in a Funding Notice or a telephonic request for borrowing, or a conversion to or continuation of any Eurodollar Rate Loan does not occur on a date specified therefor in a Conversion/Continuation Notice or a telephonic request for conversion or continuation; (ii if any prepayment or other principal payment or any conversion of any of its Eurodollar Rate Loans occurs on a date prior to the last day of an Interest Period applicable to that Loan; or (ii if any prepayment of any of its Eurodollar Rate Loans is not made on any date specified in a notice of prepayment given by Company.
