Common use of Negotiation of alternative rate of interest Clause in Contracts

Negotiation of alternative rate of interest. If the Agent's notice under Clause 5.8 is served after a Tranche is advanced, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 3 contracts

Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (DryShips Inc.), Loan Agreement (Star Bulk Management Inc.)

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Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 6.6 is served after a Tranche the Loan is advancedmade, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 6.6 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 3 contracts

Samples: Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Prestige Cruises International, Inc.)

Negotiation of alternative rate of interest. If the Agent's notice under Clause 5.8 is served after a Tranche the Advance is advancedborrowed, the BorrowersBorrower, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 3 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (Euroseas Ltd.)

Negotiation of alternative rate of interest. (a) If the Agent's ’s notice under Clause 5.8 is served after a Tranche the Advance is advancedborrowed, the Borrowers, the Agent, the Lenders (subject to Clause 27.5) or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 3 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Partners L.P.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 5.7 is served after a Tranche the Loan is advancedmade, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 5.7 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 3 contracts

Samples: Loan Agreement (Britannia Bulk Holdings Inc), Loan Agreement (Britannia Bulk PLC), Loan Agreement (DryShips Inc.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 is served after a Tranche is advancedmade, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 2 contracts

Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Poseidon Containers Holdings Corp.)

Negotiation of alternative rate of interest. (a) If the Agent's ’s notice under Clause 5.8 is served after a Tranche the Loan is advancedborrowed, the BorrowersBorrower, the Agent, the Lenders (subject to Clause 27.5) or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 2 contracts

Samples: Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)

Negotiation of alternative rate of interest. If the Agent's notice under Clause 5.8 is served after a Tranche the Loan is advancedmade, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution plus the Mandatory Cost (if any) during the Interest Period concerned.

Appears in 2 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 is served after a Tranche an Advance is advancedmade, the Borrowers, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank Counterparties shall use reasonable endeavours efforts to agree, within 30 the 45 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 2 contracts

Samples: Loan Agreement (Dynagas LNG Partners LP), Loan Agreement

Negotiation of alternative rate of interest. If the Agent's notice under Clause 5.8 is served after a Tranche an Advance is advancedmade, the Borrowers, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank Counterparties shall use reasonable endeavours efforts to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 2 contracts

Samples: Loan Agreement, Agreement (Dynagas LNG Partners LP)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 5.6 is served after a Tranche the Loan is advanced, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 5.6 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution to the Loan during the Interest Period concerned.

Appears in 2 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Negotiation of alternative rate of interest. If the Agent's notice under Clause 5.8 is served after a Tranche the Loan is advancedborrowed, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 2 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.)

Negotiation of alternative rate of interest. If the Agent's Agent serves a notice under Clause 5.8 is served after a Tranche is advanced5.8, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 (Notification of market disruption) (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 2 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Partners L.P.)

Negotiation of alternative rate of interest. (a) If the Agent's ’s notice under Clause 5.8 is served after a Tranche an Advance is advancedborrowed, the Borrowers, the Agent, the Lenders (subject to Clause 27.5) or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Containers L.P.), Agreement (Navios Maritime Containers Inc.)

Negotiation of alternative rate of interest. If the Agent's notice under Clause 5.8 is served after a Tranche is advancedmade, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap relevantSwap Bank shall use reasonable endeavours to agree, within 30 days 25 Business Days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 2 contracts

Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 is served after a the Tranche is advancedmade, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Global Ship Lease, Inc.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 6.8 is served on the Borrower after a Tranche an Advance is advancedmade, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 6.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 2 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 is served after a Tranche an Advance is advancedborrowed, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Navios Maritime Partners L.P.)

Negotiation of alternative rate of interest. If the Agent's notice under Clause 5.8 5.5 is served after a Tranche the Loan is advancedmade, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 5.5 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 2 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.)

Negotiation of alternative rate of interest. If the Agent's Agent serves a notice under Clause 5.8 is served after a Tranche is advanced5.8, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Execution Version (Navios Maritime Containers Inc.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 is served after a Tranche an Advance is advancedmade, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank Counterparties shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (GasLog Ltd.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 5.6 is served after a Tranche an Advance is advancedmade, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 5.6 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (GasLog Ltd.)

Negotiation of alternative rate of interest. If the Agent's notice under Clause 5.8 is served after a Tranche the Loan is advancedborrowed, the BorrowersBorrower, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 is served after a Tranche is advanced, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

Negotiation of alternative rate of interest. If the Agent's Agent serves a notice under Clause 5.8 is served after a Tranche is advanced5.8, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution to the Loan during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 5.6 is served after a Tranche an Advance is advancedmade, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 5.6 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution in the relevant Tranche during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (GasLog Ltd.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 5.6 is served after a Tranche is advanced, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 5.6 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Negotiation of alternative rate of interest. If the Agent's notice under Clause 5.8 5.6 is served after a Tranche the Loan is advanced, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days Business Days after the date on which the Agent serves its notice under Clause 5.8 5.6 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 5.7 is served after a Tranche the Loan is advancedmade available, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 5.7 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 is served on the Borrower after a Tranche an Advance is advancedmade, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Negotiation of alternative rate of interest. If the Agent's notice under Clause 5.8 5.6 is served after a Tranche an Advance is advancedborrowed, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 5.6 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution to the Loan during the Interest Period concerned.

Appears in 1 contract

Samples: Agreement (Star Bulk Carriers Corp.)

Negotiation of alternative rate of interest. If the Agent's notice under Clause 5.8 is served after a Tranche is advanced, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days 25 Business Days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Management Inc.)

Negotiation of alternative rate of interest. If the Paying Agent's ’s notice under Clause 5.8 6.8 is served on the Borrower after a Tranche an Advance is advancedmade, the BorrowersBorrower, the Agent, Paying Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Paying Agent serves its notice under Clause 5.8 6.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 5.6 is served after a Tranche the Loan is advancedmade, the Borrowers, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days Business Days after the date on which the Agent serves its notice under Clause 5.8 5.6 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 is served after a Tranche the Loan is advancedmade, the BorrowersBorrower, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (B Plus H Ocean Carriers LTD)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 is served after a Tranche Loan is advancedmade, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 the 15 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution to such Loan during the Interest Period concerned.

Appears in 1 contract

Samples: Loan and Guarantee Facility Agreement (DryShips Inc.)

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Negotiation of alternative rate of interest. If the Agent's notice under Clause 5.8 5.6 is served after a Tranche the Loan is advanced, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 5.6 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution to the Loan during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Carriers Corp.)

Negotiation of alternative rate of interest. If the Agent's notice under Clause 5.8 5.7 is served after a Tranche the Loan is advancedmade available, the Borrowers, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank Banks shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 5.6 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Dynagas LNG Partners LP

Negotiation of alternative rate of interest. If the Agent's Agent serves a notice under Clause 5.8 is served after a Tranche is advanced5.8, the Borrowers, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Agreement (Navios Maritime Containers Inc.)

Negotiation of alternative rate of interest. (a) If the Agent's ’s notice under Clause 5.8 is served after a Tranche an Advance is advancedborrowed, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 5.6 is served after a Tranche the Loan is advancedmade, the Borrowers, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agreeagree in writing, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 5.6 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution to the Loan during the Interest Period concernedconcerned (the “Substitute Basis”).

Appears in 1 contract

Samples: Loan Agreement (Alma Maritime LTD)

Negotiation of alternative rate of interest. If the Agent's notice under Clause 5.8 is served after a Tranche an Advance is advancedmade, the Borrowers, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank Counterparties shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Top Ships Inc.)

Negotiation of alternative rate of interest. If the Agent's notice under Clause 5.8 is served after a Tranche an Advance is advancedborrowed, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Agreement (Seanergy Maritime Holdings Corp.)

Negotiation of alternative rate of interest. If the Agent's notice under Clause 5.8 5.5 is served after a Tranche the Loan is advancedmade, then subject to Clause 27.4, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 5.5 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Agreement (Diana Shipping Inc.)

Negotiation of alternative rate of interest. If the Agent's Agent serves a notice under Clause 5.8 is served after a Tranche is advanced5.8, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution to the Loan during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 is served after a Tranche the Advance is advancedmade, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Containers Inc.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 6.6 is served after a Tranche the Loan is advancedmade, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on on, which the Agent serves its notice under Clause 5.8 6.6 (the "Negotiation Period"), an alternative interest rate or (as at the case may be) an alternative basis for the Lenders or (as the case may be) the Affected affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Prestige Cruises International, Inc.)

Negotiation of alternative rate of interest. (a) If the Agent's notice under Clause 5.8 is served after a Tranche an Advance is advancedborrowed then, subject to Clause 27.4, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Castor Maritime Inc.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 5.6 is served after a Tranche is advancedserved, the BorrowersBorrower, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank Counterparties shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 5.6 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Seacastle Inc.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 is served after a the Tranche is advancedmade, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Global Ship Lease, Inc.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 is served after a Tranche the Loan is advanced, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 is served on the Borrower after a Tranche the Loan is advanced, the BorrowersBorrower, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Negotiation of alternative rate of interest. If the Agent's notice under Clause 5.8 is served after a Tranche an Advance is advancedmade, the Borrowers, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank Counterparties shall use reasonable endeavours efforts to agree, within 30 the 45 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Dynagas LNG Partners LP)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 5.6 is served after a Tranche an Advance is advancedmade, the BorrowersBorrower, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank Counterparties shall use reasonable endeavours to agree, within the 30 days after the date on which the Agent serves its notice under Clause 5.8 5.6 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Seacastle Inc.)

Negotiation of alternative rate of interest. If the Agent's notice under Clause 5.8 is served after a Tranche is advancedmade, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days 25 Business Days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 is served after a Tranche is advancedmade, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days 25 Business Days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Negotiation of alternative rate of interest. If the Agent's notice under Clause 5.8 is served after a Tranche is advancedmade available, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Negotiation of alternative rate of interest. If the Agent's ’s notice under Clause 5.8 is served after a Tranche an Advance is advancedmade, the Borrowers, the Agent, Agent and the Lenders or (as the case may be) the Affected Lender and the Swap Bank Counterparties shall use reasonable endeavours efforts to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Loan Agreement (Product Shipping Ltd.)

Negotiation of alternative rate of interest. (a) If the Agent's ’s notice under Clause 5.8 is served after a Tranche the Loan is advancedborrowed, the BorrowersBorrower, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

Appears in 1 contract

Samples: Agreement (Navios Maritime Holdings Inc.)

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