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) 1 or 3 months as notified by the Borrowers to the Agent not later than 11.00 a.m. (London time) 5 Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the Interest Period; or (b) 3 months, if the Borrowers fail to notify the Agent by the time specified in paragraph (a); or (c) such other period as the Agent may, with the authorisation of the Majority Lenders, agree with the Borrowers.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4Clause 6.3, each Interest Period shall be: (a) 1 or 3 months as notified by the Borrowers to the Agent not later than 11.00 a.m. (London time) 5 Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the Interest Periodmonth; or (b) 3 months, if the Borrowers fail to notify the Agent by the time specified in paragraph (a); or (c) such other period as the Agent may, with the authorisation of the Majority Lenders, agree with the BorrowersBorrower.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Interest Period shall be: (a) 1 or be 3 months as notified by the Borrowers to the Agent not later than 11.00 a.m. (London time) 5 Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the Interest Period; or (b) 3 months, if the Borrowers fail to notify the Agent by the time specified in paragraph (a); or (c) such other period as the Agent may, with the authorisation authorization of all the Majority Lenders, agree with the BorrowersBorrowers pursuant to Clause 6.5.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.46.5, each Interest Period shall be: (a) 1 or be 3 months as notified by the Borrowers to the Agent not later than 11.00 a.m. (London time) 5 Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the Interest Period; or (b) 3 months, if the Borrowers fail to notify the Agent by the time specified in paragraph (a); or (c) such other period as the Agent may, with the authorisation authorization of all the Majority Lenders, agree with the BorrowersBorrowers pursuant to Clause 6.4.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.46.5, each Interest Period shall be: (a) 1 or be 3 months as notified by the Borrowers to the Agent not later than 11.00 a.m. (London time) 5 Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the Interest Period; or (b) 3 months, if the Borrowers fail to notify the Agent by the time specified in paragraph (a); or (c) such other period as the Agent may, with the authorisation authorization of all the Majority Lenders, agree with the BorrowersBorrowers pursuant to Clause 6.4; provided that in the case of the first Interest Period applicable to each Advance other than the first Advance, such Interest Period shall end on the last day of the Interest Period applicable to the prior Advances then outstanding, whereupon all Advances shall be consolidated and treated as a single Advance.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.46.5, each Interest Period shall be: (a) 1 or be 3 months as notified by the Borrowers to the Agent not later than 11.00 a.m. (London time) 5 Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the Interest Period; or (b) 3 months, if the Borrowers fail to notify the Agent by the time specified in paragraph (a); or (c) such other period as the Agent may, with the authorisation authorization of all the Majority Lenders, agree with the BorrowersBorrowers pursuant to Clause 6.4. provided that in the case of the first Interest Period applicable to the Advance in respect of NORDIC OSHIMA, a period ending on the last day of the Interest Period then applicable to the Advances in respect of NORDIC ODYSSEY and NORDIC ORION, where upon all Advances shall be consolidated and treated as a single Advance for the purpose of duration of normal Interest Periods.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Interest Period shall be: (a) 1 or 3 months as notified by the Borrowers to the Agent not later than 11.00 a.m. (London time) 5 Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the Interest Periodmonths; or (b) 3 months, if the Borrowers fail to notify the Agent by the time specified in paragraph (a); or (c) such other period as the Agent mayAgent, with the authorisation of the Majority all Lenders, may agree with the Borrowers.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.46.3, each Interest Period shall be: (a) 1 or 3 months as notified by the Borrowers to the Agent not later than 11.00 a.m. (London time) 5 Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the Interest Period6 months; or (b) 3 monthsin the case of the first Interest Period applicable to the second and any subsequent Advance, if a period ending on the Borrowers fail to notify last day of the Agent by Interest Period then current, whereupon all of the time specified in paragraph (a)Advances shall be consolidated and treated as a single Advance for the purposes of Clause 5 and this Clause 6; or (c) such other period as the Agent may, with the authorisation consent of all the Majority Lenders, agree with the BorrowersBorrower.

Duration of normal Interest Periods. Subject to Clauses Clause 6.3 and 6.4, each Interest Period shall be: (a) 1 (but subject to a maximum of 2 such 1 month Interest Periods in each year), 3 or 3 6 months as notified by the Borrowers Borrower to the Agent not later than 11.00 a.m. (London time) 5 3 Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the that Interest Period; or (b) 3 months, months if the Borrowers fail Borrower fails to notify the Agent by the time specified in paragraph (a); or (c) such other longer period as the Agent may, with the authorisation of the Majority Lenders, agree with the BorrowersBorrower.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Interest Period shall be: (a) 1 1, 3, or 3 6 months as notified by the Borrowers Borrower to the Agent not later than 11.00 11:00 a.m. (London New York City time) 5 three (3) Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the Interest Period; or; (b) 3 months, if the Borrowers fail Borrower fails to notify the Agent by the time specified in paragraph (a); or (c) such other period as the Agent may, with the authorisation written consent of all the Majority Lenders, agree with the BorrowersBorrower.

Duration of normal Interest Periods. Subject to Clauses Clause 6.3 and 6.4, each Interest Period shall be: (a) 1, (but subject to a maximum of 3 such 1 month Interest Periods in each year) 2, 3 or 3 6 months as notified by the Borrowers Borrower to the Agent not later than 11.00 a.m. (London time) 5 3 Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the that Interest Period; or (b) 3 months, months if the Borrowers fail Borrower fails to notify the Agent by the time specified in paragraph (a); or (c) such other longer period as the Agent may, with the authorisation of the Majority Lenders, agree with the BorrowersBorrower.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Interest Period shall be: (a) 1 or 3 months as notified by the Borrowers to the Agent not later than 11.00 a.m. (London time) 5 Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the Interest Periodmonths; or (b) 3 months, if the Borrowers fail to notify the Agent by the time specified in paragraph (a); or (c) such other period as the Agent may, with the authorisation of the Majority Lenders, agree with the BorrowersBorrower as notified by the Borrower to the Agent not later than 10.00 a.m. (London time) 3 Business Days before the commencement of the Interest Period.

Duration of normal Interest Periods. Subject to Clauses 6.3 5.3 and 6.45.4, each Interest Period shall be: (a) 1 or 3 months as notified by the Borrowers to the Agent not later than 11.00 a.m. (London time) 5 Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the Interest Periodmonth; or (b) 3 monthsin the case of the first Interest Period applicable to the second and any subsequent Advance, if a period ending on the Borrowers fail to notify last day of the Agent by then current Interest Period whereupon all of the time specified in paragraph (a)Advances shall be consolidated and treated as a single Advance; or (c) such other period as the Agent may, with the authorisation of the Majority Lenders, Lender may agree with the BorrowersBorrower.

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

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Interest Period shall be: (a) 1 1, 2, 3 or 3 6 months as notified by the Borrowers to the Agent not later than 11.00 a.m. (London time) 5 3 Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the Interest Period; or; (b) 3 months, if the Borrowers fail to notify the Agent by the time specified in paragraph (a); or (c) 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 in respect of each Tranche shall be: (a) 1 or 3 months as notified by the Borrowers to the Agent not later than 11.00 a.m. (London time) 5 Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the Interest Period; or (b) 3 months, if the Borrowers fail to notify the Agent by the time specified in paragraph (a); or (c) or such other period as the Agent may, with the authorisation of the Majority 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) 1 or 3 months as notified by the Borrowers to the Agent not later than 11.00 a.m. (London time) 5 Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the Interest Periodmonths; or (b) 3 months, if the Borrowers fail to notify the Agent by the time specified in paragraph (a); or (c) such other period as the Agent may, with the authorisation of the Majority Lenders, Lender may (in its absolute discretion) agree with the BorrowersBorrower.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.46.5, each Interest Period shall be: (a) 1 or be 3 months as notified by the Borrowers to the Agent not later than 11.00 a.m. (London time) 5 Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the Interest Period; or (b) 3 months, if the Borrowers fail to notify the Agent by the time specified in paragraph (a); or (c) such other period as the Agent may, with the authorisation authorization of all the Majority Lenders, agree with the BorrowersBorrower pursuant to Clause 6.4.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Interest Period shall be: (a) 1 3, 6, or 3 9 months as notified by the Borrowers to the Agent not later than 11.00 a.m. am (London time) 5 3 Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the Interest Period; or (b) 3 months, if the Borrowers fail to notify the Agent by the time specified in paragraph (a); or (c) such other period as the Agent may, with the authorisation of the Majority Lenders' authority, agree with the Borrowers.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Interest Period shall be: (a) 1 or 3 months as notified by the Borrowers to the Agent not later than 11.00 a.m. three (London time3) 5 Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the Interest Periodmonths; or (b) 3 months, if the Borrowers fail to notify the Agent by the time specified in paragraph (a); or (c) such other period as the Agent may, with the authorisation authorization of the Majority Lenders, agree with the BorrowersBorrower upon written notice from the Borrower to the Agent made not less than five (5) Business Days prior to the end of the current Interest Period.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Interest Period shall be: (a) 1 3, 6 or 3 9 months as notified by the Borrowers Borrower to the Agent not later than 11.00 a.m. (London Singapore time) 5 Business Days (or such longer period as the Agent and the Borrowers may agree) before the commencement of the Interest Period; or (b) 3 months, if the Borrowers fail Borrower fails to notify the Agent by the time specified in paragraph (a); or (c) such other period as the Agent may, with the authorisation of the Majority Lenders, agree with the BorrowersBorrower.