First Interest Period Sample Clauses
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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
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.
First Interest Period. The first Interest Period for such overdue amount will be the unexpired portion of such current Interest Period.
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
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.