Common use of Duration of normal Interest Periods Clause in Contracts

Duration of normal Interest Periods. 5.2.1 Subject to Clauses 5.3, 5.4 and 5.5, each Interest Period shall be: (a) 1, 3 or 6 months as notified by the Borrowers to the Lender not later than 11.00 a.m. (London time) 3 Business Days before the commencement of the Interest Period (although the Borrowers acknowledge that a 1 month Interest Period shall only be available a maximum of 3 times in any calendar year); or (b) 3 months, if the Borrowers fail to notify the Lender by the time specified in paragraph (a); or (c) such other period as the Lender may agree with the Borrowers. 5.2.2 For the avoidance of doubt, Interest Periods in respect of each of the Advances shall not be consolidated.

Duration of normal Interest Periods. 5.2.1 Subject to Clauses 5.3, 5.4 and 5.5, each Interest Period shall be: (a) 1, 3 or 6 months as notified by the Borrowers to the Lender not later than 11.00 a.m. (London time) 3 Business Days before the commencement of the Interest Period (although the Borrowers acknowledge that a 1 month Interest Period shall only be available a maximum of 3 times in any calendar year); or (b) 3 months, if the Borrowers fail to notify the Lender by the time specified in paragraph (a); or (c) such other period as the Lender may agree with the Borrowers. 5.2.2 For the avoidance of doubt, Interest Periods in respect of each of the Advances shall not be consolidated.

Duration of normal Interest Periods. 5.2.1 Subject to Clauses 5.3, 5.4 5.3 and 5.55.4, each Interest Period shall be: (a) 1, 3 or 6 months as notified by the Borrowers Borrower to the Lender not later than 11.00 a.m. (London time) 3 2 Business Days before the commencement of the Interest Period (although the Borrowers acknowledge that a 1 month Interest Period shall only be available a maximum of 3 times in any calendar year)Period; or (b) in the case of the first Interest Period applicable to the second and any subsequent Advance, a period ending on the last day of the Interest Period then current and applicable to the first Advance, whereupon all of the Advances shall be consolidated and treated as a single Advance; or (c) 3 months, if Clause 5.2(b) does not apply and the Borrowers fail Borrower fails to notify the Lender by the time specified in paragraph (a); or (cd) such other period as the Lender may agree with the BorrowersBorrower. 5.2.2 For the avoidance of doubt, Interest Periods in respect of each of the Advances shall not be consolidated.

Duration of normal Interest Periods. 5.2.1 Subject to Clauses 5.3, 5.4 5.3 and 5.55.4, each Interest Period shall be: (a) 1, 3 or 6 months as notified by the Borrowers to the Lender not later than 11.00 a.m. (London time) 3 Business Days before the commencement of the Interest Period (although the Borrowers acknowledge that a 1 month Interest Period shall only be available a maximum of 3 times in any calendar year)Period; or (b) in the case of the first Interest Period applicable to the second Advance, a period ending on the last day of the Interest Period applicable to the first Advance then current, whereupon both Advances shall be consolidated and treated as a single Advance; or (c) 3 months, if the Borrowers fail to notify the Lender by the time specified in paragraph (a); or (cd) such other period as the Lender may agree with the Borrowers. 5.2.2 For the avoidance of doubt, Interest Periods in respect of each of the Advances shall not be consolidated.