Interest rate During. each Interest Period, interest shall accrue on each Drawing at the rate determined by the Agent to be the aggregate of (a) the Margin (b) LIBOR (or, if the Facility is denominated in Euro, EURIBOR, or, if the Facility is denominated in NOK, NIBOR) and (c), if applicable, the Mandatory Cost determined at or about 11.00 a.m. (London time) on the second Business Day prior to the beginning of the Interest Period relating to that Drawing.
Appears in 4 contracts
Samples: First Supplemental Agreement (Gulfmark Offshore Inc), Facility Agreement (Gulfmark Offshore Inc), Gulfmark Offshore Inc
Interest rate During. each Interest Period, interest shall accrue on each Drawing at the rate determined by the Agent to be the aggregate of (a) the Margin (b) LIBOR (or, if the Facility is denominated in Euro, EURIBOR, or, if the Facility is denominated in NOK, NIBOR) and (c), if applicable, the Mandatory Cost determined at or about 11.00 a.m. (London time) on the second Business Day prior to the beginning of the Interest Period relating to that Drawing.
Appears in 4 contracts
Samples: Loan Facility Agreement, Loan Facility Agreement (Teekay Shipping Corp), Loan Facility Agreement (Teekay LNG Partners L.P.)
Interest rate During. each Interest Period, interest shall accrue on each Drawing at the rate determined by the Agent to be the aggregate of (a) the Margin (b) LIBOR (or, if the Facility is denominated in Euro, EURIBOR, or, if the Facility is denominated in NOK, NIBOR) and (c), if applicable, the Mandatory Cost determined at or about 11.00 a.m. (London time) on the second Business Day prior to the beginning of the Interest Period relating to that Drawing. The effective interest rate is as is more fully described in Schedule 7.
Appears in 2 contracts
Samples: Loan Facility Agreement (Gulfmark Offshore Inc), Gulfmark Offshore Inc
Interest rate During. each Interest Period, interest shall accrue on each Drawing at the rate determined by the Agent to be the aggregate of (a) the applicable Margin (b) LIBOR (or, if the Facility is denominated in Euro, EURIBOR, or, if the Facility is denominated in NOK, NIBOR) and (c), if applicable, the Mandatory Cost determined at or about 11.00 a.m. (London time) on the second Business Day prior to the beginning of the Interest Period relating to that Drawing.
Appears in 1 contract
Interest rate During. each Interest Period, interest shall accrue on each Drawing at the rate determined by the Agent to be the aggregate of (a) the Margin (b) LIBOR (or, if the Facility is denominated in Euro, EURIBOR, or, if the Facility is denominated in NOK, NIBOR) and (c), if applicable, the Mandatory Cost determined at or about 11.00 a.m. (London time) on the second Business Day prior to the beginning of the Interest Period relating to that Drawing.
Appears in 1 contract
Interest rate During. each Interest Period, interest shall accrue on each Drawing at the rate determined by the Agent to be the aggregate of (a) the applicable Margin and applicable Premium, (b) LIBOR (or, if the Facility is denominated in Euro, EURIBOR, or, if the Facility is denominated in NOK, NIBOR) and (c)and, if applicable, (c) the Mandatory Cost for the remainder of the Facility Period, determined in each case, at or about 11.00 a.m. (London time) on the second Business Day prior to the beginning of the Interest Period relating to that Drawing.
Appears in 1 contract
Samples: Stolt Comex (Stolt Offshore S A)
Interest rate During. each Interest Period, Period interest shall accrue on each Drawing at the rate determined by the Agent to be the aggregate of (a) the Margin applicable Margin, (b) LIBOR (or, if the Facility is denominated in Euro, EURIBOR, or, if the Facility is denominated in NOK, NIBOR) and (c)and, if applicable, (c) the Mandatory Cost Additional Rate, determined in each case, at or about 11.00 a.m. (London time) on the second Business Day prior to the beginning of the Interest Period relating to that Drawing.
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