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 in respect of each Advance shall be: (a) 3, 6 or 12 months as notified by the Borrower to the Facility Agent not later than 11.00 a.m. (London time) 3 Business Days before the commencement of the Interest Period; (b) in the case of the first Interest Period applicable to the second and any subsequent Advance of a Tranche, a period ending on the last day of the then current Interest Period applicable to such Tranche, whereupon all of the Advances in respect of such Tranche shall be consolidated and treated as a single advance; (c) 3 months, if the Borrower fail to notify the Facility Agent by the time specified in paragraph (a) above; or (d) such other period as the Borrower may request from the Facility Agent, which may be agreed by the Facility Agent.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4Clause 6.3, each Interest Period in respect of each Advance shall be: (a) 31, 3 or 6 or 12 months as notified by the Borrower to the Facility Agent not later than 11.00 a.m. (London Hamburg time) 3 Business Days before the commencement of the Interest Period;Period Provided that there may be no more than 2 Interest Periods having a duration of 1 month in any calendar year; or (b) in the case of the first Interest Period applicable to the second and any subsequent Advance of a TrancheAdvance, a period ending on the last day of the then current Interest Period applicable to such Tranche, whereupon all of the Advances in respect of such Tranche shall be consolidated and treated as a single advanceAdvance; (c) 3 months, if the Borrower fail fails to notify the Facility Agent by the time specified in paragraph (a) above; or (d) such other period as the Borrower may request from Agent may, with the Facility AgentMajority Lenders’ authority, which may be agreed by agree with the Facility AgentBorrower.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Each Interest Period in respect of each Advance shall be: (a) 31, 3 or 6 or 12 months as notified by the Borrower to the Facility Agent not later than 11.00 a.m. (London Edinburgh time) 3 Business Days before the commencement of the Interest Period;Period Provided that there may be no more than 6 Interest Periods having a duration of 1 month in any calendar year; or (b) in the case of the first Interest Period applicable to the second and any subsequent Advance of a TrancheAdvance, a period ending on the last day of the then current Interest Period applicable to such Tranche, whereupon all of the Advances in respect of such Tranche shall be consolidated and treated as a single advanceAdvance; (c) 3 months, if the Borrower fail fails to notify the Facility Agent by the time specified in paragraph (a) above; or (d) such other period as the Borrower may request from Agent may, with the Facility AgentMajority Lenders' authority, which may be agreed by agree with the Facility AgentBorrower.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Each Interest Period in respect of each Advance shall be: (a) 3, 6 1 or 12 3 months as notified by the Borrower to the Facility Agent not later than 11.00 a.m. (London Hamburg time) 3 Business Days before the commencement of the Interest Period;Period Provided that there may be no more than 2 Interest Periods having a duration of 1 month in any calendar year; or (b) in the case of the first Interest Period applicable to the second and any subsequent Advance of a TrancheAdvance, a period ending on the last day of the then current Interest Period applicable to such Tranche, whereupon all of the Advances in respect of such Tranche shall be consolidated and treated as a single advanceAdvance; (c) 3 months, if the Borrower fail fails to notify the Facility Agent by the time specified in paragraph (a) above; or (d) such other period as the Borrower may request from Agent may, with the Facility AgentMajority Lenders’ authority, which may be agreed by agree with the Facility AgentBorrower.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Each Interest Period in respect of each Advance shall be: (a) 1, 3, 6 or 12 months as notified by the Borrower to the Facility Agent not later than 11.00 a.m. (London Hamburg time) 3 Business Days before the commencement of the Interest Period;Period Provided that there may be no more than 6 Interest Periods having a duration of 1 month in any calendar year; or (b) in the case of the first Interest Period applicable to the second and any subsequent Advance of a TrancheAdvance, a period ending on the last day of the then current Interest Period applicable to such Tranche, whereupon all of the Advances in respect of such Tranche shall be consolidated and treated as a single advanceAdvance; (c) 3 months, if the Borrower fail fails to notify the Facility Agent by the time specified in paragraph (a) above; or (d) such other period as the Borrower may request from Agent may, with the Facility AgentMajority Lenders’ authority, which may be agreed by agree with the Facility AgentBorrower.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Each Interest Period in respect of each Advance shall be: (a) 1, 3, 6 or 12 months as notified by the Borrower to the Facility Agent not later than 11.00 a.m. (London time) 3 Business Days before the commencement of the Interest Period;Period Provided that there may be no more than 6 Interest Periods having a duration of 1 month in any calendar year; or (b) in the case of the first Interest Period applicable to the second and any subsequent Advance of a TrancheAdvance, a period ending on the last day of the then current Interest Period applicable to such Tranche, whereupon all of the Advances in respect of such Tranche shall be consolidated and treated as a single advanceAdvance; (c) 3 months, if the Borrower fail fails to notify the Facility Agent by the time specified in paragraph (a) above; or (d) such other period as the Borrower may request from Agent may, with the Facility AgentMajority Lenders' authority, which may be agreed by agree with the Facility AgentBorrower.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, each Each Interest Period in respect of each Advance shall be: (a) 1, 3, 6 or 12 months as notified by the Borrower to the Facility Agent not later than 11.00 a.m. (London time) 3 Business Days before the commencement of the Interest PeriodPeriod Provided that there may be no more than 6 Interest Periods having a duration of 1 month in any calendar year; (b) in the case of the first Interest Period applicable to the second and any subsequent Advance of a TrancheAdvance, a period ending on the last day of the then current Interest Period applicable to such Tranche, whereupon all of the Advances in respect of such Tranche shall be consolidated and treated as a single advanceAdvance; (c) 3 months, if the Borrower fail fails to notify the Facility Agent by the time specified in paragraph (a) above; or (d) such other period as the Borrower may request from Agent may, with the Facility AgentMajority Lenders' authority, which may be agreed by agree with the Facility AgentBorrower.