Common use of Failure to select Interest Period Clause in Contracts

Failure to select Interest Period. If the Borrower at any time fails to select or agree an Interest Period in accordance with Clause 8.1, the interest rate applicable shall be the rate determined by the Lender in accordance with Clause 8.5 for an Interest Period of such duration (not exceeding six months) as the Lender may select.

Appears in 5 contracts

Samples: Agreement (Safe Bulkers, Inc.), Credit Facility Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

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Failure to select Interest Period. If the Borrower at any time fails to select or agree an Interest Period in accordance with Clause 8.17.1 (Interest Periods), the interest rate applicable shall be the rate determined by the Lender in accordance with Clause 8.5 7.5 (Interest rate) for an Interest Period of such duration (not exceeding six months) as the Lender may select.

Appears in 2 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Paragon Shipping Inc.)

Failure to select Interest Period. If the Borrower at any time fails to select or agree an Interest Period in accordance with Clause 8.17.1 (Interest Periods), the interest rate applicable shall be the rate determined by the Lender Agent in accordance with Clause 8.5 7.4 (Interest rate) for an Interest Period of such duration (not exceeding six (6) months) as the Lender Agent may select.

Appears in 2 contracts

Samples: Loan Agreement (DHT Holdings, Inc.), Loan Agreement (DHT Holdings, Inc.)

Failure to select Interest Period. If the Borrower at any time fails to select or agree an Interest Period in accordance with Clause 8.1, 7.1 (Interest Period) the interest rate applicable shall be the rate determined by the Lender Agent in accordance with Clause 8.5 7.5 (Interest rate) for an Interest Period of such duration three (not exceeding six 3) months) as the Lender may select.

Appears in 2 contracts

Samples: Loan Agreement (Baltic Trading LTD), Loan Agreement (Baltic Trading LTD)

Failure to select Interest Period. If the Borrower at any time fails to select or agree an Interest Period in accordance with Clause 8.17.1, the interest rate applicable shall be the rate determined by the Lender Agent in accordance with Clause 8.5 7.5 for an Interest Period of such duration (not exceeding six three (3) months) as the Lender Agent may select.

Appears in 1 contract

Samples: Loan Agreement (Energy Infrastructure Merger CORP)

Failure to select Interest Period. If the Borrower at any time fails to select or agree an Interest Period in accordance with Clause 8.16.1, the interest rate applicable after the expiry of the then current Interest Period shall be the rate determined by the Lender in accordance with Clause 8.5 6.4 for an consecutive Interest Period Periods each of such duration three (not exceeding six months3) as the Lender may selectmonths duration.

Appears in 1 contract

Samples: Loan Agreement (DHT Holdings, Inc.)

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Failure to select Interest Period. If the Borrower at any time fails to select or agree to an Interest Period in accordance with Clause 8.1, the interest rate applicable shall be the rate determined by the Lender in accordance with Clause 8.5 for an Interest Period of such duration (not exceeding six months) as the Lender may select.

Appears in 1 contract

Samples: Loan Agreement (Safe Bulkers, Inc.)

Failure to select Interest Period. If the Borrower at any time fails to select or agree an Interest Period in accordance with Clause 8.17.1 (Interest Periods), the interest rate applicable shall be the rate determined by the Lender in accordance with Clause 8.5 7.5 (Interest rate) for an Interest Period of such duration (not exceeding six three months) as the Lender may select.

Appears in 1 contract

Samples: Loan Agreement (Top Ships Inc.)

Failure to select Interest Period. If the Borrower at any time fails to select or agree an Interest Period in accordance with Clause 8.17.1 (Interest Periods), the interest rate applicable shall be the rate determined by the Lender in accordance with Clause 8.5 7.5 (Interest rate) for an Interest Period of such duration (not exceeding six three (3) months) as the Lender may select.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

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