Failure to select Interest. Period If the Borrowers at any time fail to select or agree an Interest Period in accordance with Clause 7.1, the Interest Period applicable shall be of three (3) months duration.
Appears in 6 contracts
Samples: Facility Agreement, Facility Agreement (Teekay Tankers Ltd.), Facility Agreement (Teekay Corp)
Failure to select Interest. Period PERIOD If the Borrowers Borrower at any time fail fails to select or agree an Interest Period in accordance with Clause 7.1, the Interest Period interest rate applicable shall be of three (3) months durationmonths.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Teekay Offshore Partners L.P.)
Failure to select Interest. Period If the Borrowers Borrower at any time fail fails to select or agree an Interest Period in accordance with Clause 7.1, the Interest Period interest period applicable shall be of three (3) months durationmonths.
Appears in 2 contracts
Samples: Loan Agreement, www.lw.com
Failure to select Interest. Period If the Borrowers at any time fail to select or agree an Interest Period in accordance with Clause 7.1, the Interest Period interest rate applicable shall be based on an Interest Period of three (3) months durationmonths.
Appears in 1 contract
Samples: Loan Agreement
Failure to select Interest. Period If the Borrowers at any time fail to select or agree an Interest Period in accordance with Clause 7.1, the Interest Period interest rate applicable shall be of three (3) months durationmonths.
Appears in 1 contract
Samples: Teekay Offshore Partners L.P.
Failure to select Interest. Period If the Borrowers at any time fail to select or agree an Interest Period in accordance with Clause 7.16.1, the Interest Period interest rate applicable shall be of three (3) months durationmonths.
Appears in 1 contract
Samples: Agreement (Teekay LNG Partners L.P.)
Failure to select Interest. Period If the Borrowers Borrower at any time fail fails to select or agree an Interest Period in respect of a Drawing in accordance with Clause 7.1, the Interest Period interest rate applicable shall be based on an Interest Period of three (3) months durationmonths.
Appears in 1 contract
Samples: Teekay Corp
