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.
Appears in 34 contracts
Samples: Loan Agreement (Toro Corp.), Loan Agreement (Castor Maritime Inc.), Amending and Restating Agreement (Navios Maritime Acquisition CORP)
Commencement of Interest Periods. The first Interest Period applicable to the Loan shall commence on the Drawdown Date and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 29 contracts
Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Diana Shipping Inc.), Loan Agreement (Capital Product Partners L.P.)
Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the Drawdown Date relative to that Advance and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 21 contracts
Samples: Loan Agreement, Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Containerships Inc.)
Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the Drawdown Date and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 16 contracts
Samples: Loan Agreement (Navios Maritime Acquisition Corp), Loan Agreement (Euronav NV), Loan Agreement (Pangaea Logistics Solutions Ltd.)
Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the Drawdown Date in respect of that Advance and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 15 contracts
Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Castor Maritime Inc.), Loan Agreement (Castor Maritime Inc.)
Commencement of Interest Periods. 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.
Appears in 15 contracts
Samples: Loan Agreement (Dorian LPG Ltd.), Loan Agreement (Capital Product Partners L.P.), Loan Agreement
Commencement of Interest Periods. The first Interest Period applicable to the Advance shall commence on the Drawdown Date and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 13 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP)
Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the its Drawdown Date and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 7 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement (Dynagas LNG Partners LP)
Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the Drawdown Date for that Advance and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 7 contracts
Samples: Amending and Restating Agreement (TBS International PLC), Amending and Restating Agreement (TBS International PLC), Loan Agreement (TBS International LTD)
Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the Drawdown Date with respect to that Advance and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 6 contracts
Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)
Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the Drawdown Date applicable to that Advance and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 4 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Containers Inc.), Loan Agreement (Navios Maritime Partners L.P.)
Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the Drawdown Date applicable to it and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 3 contracts
Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Costamare Partners LP), Loan Agreement (Paragon Shipping Inc.)
Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the Drawdown Date of that Advance and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 3 contracts
Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Crude Carriers Corp.), Loan Agreement (Crude Carriers Corp.)
Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the Drawdown Date in respect of that Advance and each subsequent Interest Period in respect of that Advance shall commence on the expiry of the preceding Interest PeriodPeriod for that Advance.
Appears in 2 contracts
Samples: Loan Agreement (Seacastle Inc.), Amending and Restating Agreement (Seacastle Inc.)
Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the Drawdown Date thereof and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 2 contracts
Samples: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.)
Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the Drawdown Date in respect of that Advance and each subsequent Interest Period shall commence commence, subject to Clause 6.2(b) on the expiry of the preceding Interest Period.
Appears in 2 contracts
Samples: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Acquisition CORP)
Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the Drawdown Date relating to that Advance and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 2 contracts
Samples: Loan Agreement (Euronav NV), Loan Agreement (Euronav NV)
Commencement of Interest Periods. The first Interest Period shall commence on the first Drawdown Date and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 2 contracts
Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)
Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the relevant Drawdown Date and each subsequent Interest Period applicable to such Advance shall commence on the expiry of the preceding Interest Period.
Appears in 2 contracts
Samples: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)
Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the Drawdown Date applicable to it and each subsequent Interest Period applicable to it shall commence on the expiry of the preceding Interest PeriodPeriod applicable to it.
Appears in 2 contracts
Samples: Loan Agreement (Mc Shipping Inc), Loan Agreement (Mc Shipping Inc)
Commencement of Interest Periods. The first Interest Period applicable to each Advance under each Tranche shall commence on the Drawdown Date applicable to it and each subsequent Interest Period shall commence on the expiry of the preceding Interest PeriodPeriod applicable to it.
Appears in 2 contracts
Samples: Facility Agreement (NewLead Holdings Ltd.), Facility Agreement (NewLead Holdings Ltd.)
Commencement of Interest Periods. The first Interest Period shall commence on the Drawdown Date drawdown date and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 1 contract
Commencement of Interest Periods. The first Interest Period applicable to a Drawing shall commence on the Drawdown Date applicable to it and each subsequent Interest Period for it shall commence on the expiry of the preceding Interest PeriodPeriod but provided that after the last Drawing the Interest Periods for all Drawings shall be consolidated so that they start and terminate simultaneously with the Interest Period for the first Drawing.
Appears in 1 contract
Samples: Loan Agreement (Danaos Corp)
Commencement of Interest Periods. The first initial Interest Period shall commence on the Drawdown Date and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.;
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
Commencement of Interest Periods. The first Interest Period applicable to an Advance or Tranche shall commence on the relevant Drawdown Date and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 1 contract
Commencement of Interest Periods. The first Interest Period in respect of each Advance shall commence on the Drawdown Date in respect of that Advance and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 1 contract
Commencement of Interest Periods. The first Interest Period applicable to each Advance shall commence on the Drawdown Date relative to that Advance and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 1 contract
Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)
Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the applicable Drawdown Date and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 1 contract
Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Commencement of Interest Periods. The first Interest Period for each Advance shall commence on the Drawdown Date in respect thereof and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
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 PeriodPeriod which has to be on 1st or 15th of the relevant month (adjusted to coincide with Clause 7.2).
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
