Interest Periods to meet Repayment Dates. If the Borrower and the Banks shall agree an Interest Period which does not expire on the next Repayment Date, there shall, in respect of each part of the Loan equal to a Repayment Instalment falling due for payment before the expiry of that Interest Period, be a separate Interest Period which shall expire on the relevant Repayment Date, and the Interest Period selected or agreed shall apply to the balance of the Loan only.
Appears in 2 contracts
Samples: Loan Facility Agreement (Usg Corp), Secured Loan Facility Agreement (Usg Corp)
Interest Periods to meet Repayment Dates. If the Borrower Borrowers shall select, or the Borrowers and the Banks shall agree agree, an Interest Period which does not expire on the next Repayment Date, there shall, in respect of each part of the Loan equal to a Repayment Instalment falling due for payment before the expiry of that Interest Period, be a separate Interest Period which shall expire on the relevant Repayment Date, and the Interest Period selected or agreed shall apply to the balance of the Loan only.
Appears in 2 contracts
Samples: Loan Facility Agreement (Mc Shipping Inc), Loan Facility Agreement (Mc Shipping Inc)
Interest Periods to meet Repayment Dates. If the Borrower shall select, or the Borrower and the Banks shall agree agree, an Interest Period which does not expire on the next Repayment Date, there shall, in respect of each part of the Loan equal to a Repayment Instalment falling due for payment before the expiry of that Interest Period, be a separate Interest Period which shall expire on the relevant Repayment Date, and the Interest Period selected or agreed shall apply to the balance of the Loan only.
Appears in 2 contracts
Samples: Loan Agreement (Sea Containers LTD /Ny/), Secured Loan Facility Agreement (Euroseas Ltd.)
Interest Periods to meet Repayment Dates. If the Borrower shall select, or the Borrower and the Banks shall agree agree, an Interest Period which does not expire on the next Repayment Date, there shall, in respect of each part of the Loan Facility equal to a Repayment Instalment falling due for payment before the expiry of that Interest Period, be a separate Interest Period which shall expire on the relevant Repayment Date, and the Interest Period selected or agreed shall apply to the balance of the Loan Facility only.
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Interest Periods to meet Repayment Dates. If the Borrower shall select, or the Borrower and the Banks Lender shall agree agree, an Interest Period which does not expire on the next Repayment Date, there shall, in respect of each a part of the Loan equal to a the Repayment Instalment falling due for payment before the expiry of that Interest Period, be a separate Interest Period which shall expire on the relevant Repayment Date, and the Interest Period selected or agreed shall apply to the balance of the Loan only.
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