Common use of Commencement of Interest Periods Clause in Contracts

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.

Appears in 2 contracts

Samples: Loan Agreement (Dorian LPG Ltd.), Loan Agreement (Dorian LPG Ltd.)

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Commencement of Interest Periods. The first Interest Period applicable to an the Advance shall commence on the relevant Utilization Drawdown Date and each subsequent Interest Period for such applicable to the 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 in respect of an Advance shall commence on the relevant Utilization Drawdown Date applicable to that Advance and each subsequent Interest Period for such Advance Period, subject to Clause 5.2(b), shall commence on the expiry of the preceding Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Quintana Shipping Ltd.)

Commencement of Interest Periods. The first Interest Period applicable to in respect of an Advance shall commence on the relevant Utilization Drawdown Date for that Advance and each subsequent Interest Period for such that Advance shall commence on the expiry of the preceding Interest PeriodPeriod in respect of that Advance.

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Carriers Corp.)

Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence has commenced on the relevant Utilization Drawdown Date thereof and each subsequent Interest Period for such Advance shall commence on the expiry of the preceding Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Holdings Inc.)

Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the relevant Utilization Drawdown Date of such Advance and each shall end on the first Quarterly Payment Date for such Advance. Each subsequent Interest Period for such Advance shall commence on the expiry of the preceding Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Scorpio Bulkers Inc.)

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Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the relevant Utilization Drawdown Date of that Advance and each subsequent Interest Period for such Advance shall commence on the expiry of the preceding Interest Period.";

Appears in 1 contract

Samples: Supplemental Agreement (Diana Shipping Inc.)

Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the relevant Utilization Drawdown Date of such Advance and each shall end on the First Repayment Date for such Advance. Each subsequent Interest Period for such Advance shall commence on the expiry of the preceding Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Scorpio Bulkers Inc.)

Commencement of Interest Periods. The first Interest Period applicable to an Advance shall commence on the relevant Utilization Drawdown Date of that Advance and each subsequent Interest Period for such applicable to that Advance shall commence on the expiry of the preceding Interest PeriodPeriod applicable to it.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

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