First Interest Period Sample Clauses

First Interest Period. The first Interest Period for such overdue amount will be the unexpired portion of such current Interest Period.
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First Interest Period. For the First Interest Period, interest shall be calculated on the basis of a year of 365 days or 366 days, as applicable, and the actual number of days elapsed in that period and payable in arrears on the First Interest Payment Date.
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First Interest Period. The first Interest Period in respect of a Loan shall commence from its Drawdown Date and end on the last day of the calendar month in which that Loan shall have been drawndown. Each Interest Period, other than the first Interest Period, in respect of a Loan shall commence from the end of the preceding Interest Period, and end on the last day of the next succeeding calendar month. DAVE & GIRISH & CO. 13
Sample 1
First Interest Period. The first Interest Period of a Drawing shall be selected in the Utilisation Request and shall commence on the Utilisation Date of such Drawing and each subsequent Interest Period shall commence at last day of the immediately preceding Interest Period. The first Interest Period of each subsequent Drawing (other than the first Drawing) under the Credit Facility shall be selected in the Utilisation Request, shall commence on the Utilisation Date of such Drawing and shall have such duration as to expire on the last day of the current Interest Period of the first Drawing under the Credit Facility. From then on the Drawings shall be consolidated and treated as one Drawing.
Sample 1
First Interest Period. For the purposes of clause 8.1 (c) and (e) of the ARFA, we confirm that the first Interest Period in respect of the Loan shall run from the date of this Notice for a period of three months. This Notice and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with its subject matter or formation shall be governed by and construed in accordance with the law of England and Wales. Duly authorised For and on behalf of Duly authorised For and on behalf of SCHEDULE 3 AMENDED AND RESTATED FACILITY AGREEMENT Execution version $ 37,500,000 SECURED LOAN AGREEMENT RELATING TO MV "DHT TIGER" 29 November 2022 between DHT Tiger Limited (as Borrower) DHT Holdings, Inc. (as Guarantor) The Financial Institutions listed in Schedule 1 (as Original Lenders) Crédit Agricole Corporate and Investment Bank (as Agent) Crédit Agricole Corporate and Investment Bank (as Swap Provider) Crédit Agricole Corporate and Investment Bank (as Security Agent) TABLE OF CONTENTS 1. DEFINITIONS AND INTERPRETATION 5 2. THE LOAN 27 3. PURPOSE 28 4. ADVANCE 28 5. REPAYMENT 30 6. ILLEGALITY, PREPAYMENT AND CANCELLATION 30 7. INTEREST 32 8. INTEREST PERIODS 34 9. CHANGES TO THE CALCULATION OF INTEREST 35 10. FEES 37 11. TAX GROSS UP AND INDEMNITIES 37 12. INCREASED COSTS 41 13. OTHER INDEMNITIES 43 14. MITIGATION BY THE LENDERS 45 15. COSTS AND EXPENSES 45 16. SECURITY DOCUMENTS AND APPLICATION OF MONEYS 47 17. GUARANTEE AND INDEMNITY 51 18. REPRESENTATIONS 55 19. INFORMATION UNDERTAKINGS 60 20. FINANCIAL COVENANTS 63 21. GENERAL UNDERTAKINGS 64 22. EVENTS OF DEFAULT 70 23. CHANGES TO THE LENDERS 76 24. NO CHANGES TO THE SECURITY PARTIES 81 25. ROLE OF THE AGENT AND THE SECURITY AGENT 81
Sample 1

Related to First Interest Period

  • Interest Period Commencing on the first (1st) Payment Date of the month following the month in which the Funding Date of the applicable Term Loan Advance occurs, and continuing on each Payment Date thereafter, Borrower shall make monthly payments of interest on the principal amount of each Term Loan Advance at the rate set forth in Section 2.2(a).

  • Rest Period During each normal work day, Saturdays, Sundays, and shift work, employees will be entitled to two (2) ten (10) minute paid rest periods to be scheduled and observed. When working a four (4) day, ten (10) hour schedule, the rest period will be fifteen (15) minutes each. - one (1) rest period at the mid-way point of the first half of the normal hours of work; - one (1) rest period at the mid-point of the second half of the normal hours of work. Rest period will be measured from ceasing work to commencement of labour and will be taken at a time determined by the employer.

  • Notice of Interest Period and Interest Rate Promptly after receipt of a Notice of Borrowing pursuant to Section 2.02(a), a notice of Conversion pursuant to Section 2.09 or a notice of selection of an Interest Period pursuant to the definition of “Interest Period”, the Administrative Agent shall give notice to the Borrower and each Lender of the applicable Interest Period and the applicable interest rate determined by the Administrative Agent for purposes of clause (a)(i) or (a)(ii) above.

  • Number of Interest Periods There may be no more than 6 different Interest Periods for LIBOR Loans outstanding at the same time.

  • Additional Interest on Eurodollar Rate Advances The Borrower shall pay to each Lender, so long as such Lender shall be required under regulations of the Board of Governors of the Federal Reserve System to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each Eurodollar Rate Advance of such Lender, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for the Interest Period for such Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Lender for such Interest Period, payable on each date on which interest is payable on such Advance. Such additional interest shall be determined by such Lender and notified to the Borrower through the Administrative Agent, and such determination shall be conclusive and binding for all purposes, absent manifest error.

  • Determination of Interest Periods The length of each Interest Period shall be as requested by the Borrowers under clause 3.2 but so that: 3.3.1 the first Interest Period in respect of each Tranche shall start on the Drawdown Date in respect of the first Advance in respect of that Tranche, and each subsequent Interest Period shall start on the last day of the previous Interest Period; 3.3.2 the first Interest Period in respect of each subsequent Advance shall commence on its Drawdown Date and terminate simultaneously with the Interest Period which is then current for the Tranche under which the Advance is made available; 3.3.3 if any Interest Period would otherwise overrun a Repayment Date, then, in the case of the last Repayment Date, such Interest Period shall end on such Repayment Date, and in the case of any other Repayment Date the relevant Tranche shall be divided into parts so that there is one part in the amount of the repayment instalment due on each Repayment Date falling in that Interest Period and having an Interest Period ending on the relevant Repayment Date and another part consisting of the balance of the relevant Tranche having an Interest Period ascertained in accordance with the other provisions of this clause 3; and 3.3.4 if the Borrowers fail to specify the length of an Interest Period in accordance with the provisions of clause 3.2 and this clause 3.3 such Interest Period shall last three months or such other period as complies with this clause 3.3.

  • Interest Periods In connection with each LIBOR Rate Loan, the Borrower, by giving notice at the times described in Section 3.1(a), shall elect an interest period (each, an "Interest Period") to be applicable to such Loan, which Interest Period shall be a period of one (1), two (2), three (3) or six (6) months with respect to each LIBOR Rate Loan; provided that: (i) the Interest Period shall commence on the date of advance of or conversion to any LIBOR Rate Loan or and, in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the date on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall expire on the next succeeding Business Day; provided, that if any Interest Period with respect to a LIBOR Rate Loan would otherwise expire on a day that is not a Business Day but is a day of the month after which no further Business Day occurs in such month, such Interest Period shall expire on the next preceding Business Day; (iii) any Interest Period with respect to a LIBOR Rate Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the relevant calendar month at the end of such Interest Period; (iv) no Interest Period shall be permitted to extend beyond the Termination Date; and (v) there shall be no more than five (5) Interest Periods outstanding at any time.

  • Duration of normal Interest Periods Subject to Clauses 6.3 and 6.4, each Interest Period shall be: (a) 3 or 6 months; or (b) such other period (as proposed by the Borrower to the Agent not later than 11:00 a.m. (Hamburg time) 5 Business Days before the commencement of the Interest Period) as the Agent may, with the authorisation of the Majority Lenders, agree with the Borrower (failing which the Interest Period shall be three months).

  • Commencement of Interest Periods The first Interest Period shall commence on the Drawdown Date and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.

  • Rest Period After Overtime (a) When overtime work is necessary, it will, wherever reasonably practicable, be so arranged that employees have at least 10 consecutive hours off duty between the work of successive days or shifts, including overtime. (b) An employee, other than a casual employee, who works so much overtime between the termination of their ordinary work on one day and the commencement of their ordinary work on the next day, that they have not had at least 10 consecutive hours off duty between those times, will be released after completion of such overtime, until they have had 10 consecutive hours off duty without loss of pay for ordinary working time occurring during such a absence. (c) If, on the instruction of the employer, an employee resumes or continues to work without having had 10 consecutive hours off duty, they will be paid at the rate of double time until released from duty for such period. The employee will then be entitled to be absent until they have had 10 consecutive hours off duty without loss of pay for rostered ordinary hours occurring during the absence.

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