Common use of Duration of normal Interest Periods Clause in Contracts

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Interest Period shall be: (a) 3 or 6 months as notified by the Borrowers to the Agent not later than 11.00 a.m. (London time) 5 Business Days before the commencement of the Interest Period; or (b) in the case of the first Interest Period applicable to the second and any subsequent Advance under each Tranche, a period ending on the last day of the Interest Period applicable to the first Advance under that Tranche then current, whereupon all the Advances under that Tranche shall be consolidated and treated as a single Advance; or (c) 3 months if the Borrowers fail to notify the Agent by the time specified in paragraph (a); or (d) such other period as the Agent may, with the authorisation of all the Lenders, agree with the Borrowers.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Interest Period shall be: (a) 1, 3 or 6 months as notified by the Borrowers to the Agent not later than 11.00 a.m. (London time) 5 3 Business Days before the commencement of the Interest Period; or (b) in the case of the first Interest Period applicable to any Advance of a Loan other than the second and any subsequent first such Advance under each Trancheof such Loan, a period ending on the last day of the Interest Period applicable to the first Advance under of that Tranche Loan then current, whereupon all the such Advances under of that Tranche Loan shall be consolidated and treated as a single Advance; or; (c) 3 months months, if the Borrowers fail to notify the Agent by the time specified in paragraph (a); or (d) such other period as the Agent may, with the authorisation of all the Majority Lenders, agree with the Borrowers.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Interest Period shall be: (a) 3 3, 6, 9 or 6 12 months as notified by the Borrowers to the Agent not later than 11.00 a.m. (London Rotterdam time) 5 3 Business Days before the commencement of the Interest Period; or; (b) in the case of the first Interest Period applicable to the second and any subsequent Advance under each TrancheTranche to be drawdown pursuant to this Agreement, a period ending on the last day of the Interest Period applicable to the first Advance under that Tranche then current, whereupon all the Advances under that Tranche both Tranches shall be consolidated and treated as a single Advance; orTranche; (c) 3 months months, if the Borrowers fail to notify the Agent by the time specified in paragraph (a); or (d) such other period as the Agent may, with the authorisation of all the Lenders, agree with the Borrowers.

Duration of normal Interest Periods. Subject to Clauses 6.3 5.3 and 6.45.4, each Interest Period shall be: (a) 3 or 6 months as notified by the Borrowers to the Agent Lender not later than 11.00 a.m. (London Hamburg time) 5 2 Business Days before the commencement of the Interest Period; or (b) in the case of the first Interest Period applicable to the second and any each subsequent Advance under each TrancheTranche of the same Advance, a period ending on the last day of the then current Interest Period applicable to the first Advance under for that Tranche then currentAdvance, whereupon all of the Advances under Trenches of that Tranche Advance shall be consolidated and treated as a single Advance; or; (c) 3 months months, if the Borrowers fail to notify the Agent Lender by the time specified in paragraph (a); or (d) such other period as the Agent may, with the authorisation of all the Lenders, Lender may agree with the Borrowers.