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 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.
Appears in 4 contracts
Samples: Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc), Secured Reducing Revolving Loan and Letter of Credit Facility Agreement (Gulfmark Offshore Inc), Secured Reducing Revolving Loan Facility Agreement (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. The effective interest rate is as is more fully described in Schedule 7.
Appears in 2 contracts
Samples: Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc), Secured Reducing Revolving Loan Facility Agreement (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 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) 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
Samples: Secured Reducing Revolving Loan Facility Agreement (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 and applicable Premium, (b) LIBOR 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: Deed of Amendment and Restatement (Stolt Offshore S A)
