Interest rate During. each Interest Period interest shall accrue on the Loan at the rate determined by the Agent to be the aggregate of (a) the Margin and (b) LIBOR determined at or about 11.00 a.m. on the second Business Day prior to the beginning of that Interest Period.
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Samples: Loan Facility Agreement (Mc Shipping Inc), Secured Loan Facility Agreement (Euroseas Ltd.), Secured Loan Facility Agreement (Euroseas Ltd.)
Interest rate During. each Interest Period interest shall accrue on the Loan at the rate determined by the Agent Lender to be the aggregate of (a) the applicable Margin and (b) LIBOR determined at or about 11.00 a.m. (London time) on the second Business Day prior to the beginning of that Interest Period.
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