no Interest Period Sample Clauses

no Interest Period for any Revolving Credit Loan may commence before and end after any Revolving Credit Commitment Reduction Date unless, after giving effect thereto, the aggregate principal amount of Revolving Credit Loans having Interest Periods that end after such Revolving Credit Commitment Reduction Date shall be equal to or less than the aggregate principal amount of Revolving Credit Loans scheduled to be outstanding after giving effect to the payments of principal required to be made on such Revolving Credit Commitment Reduction Date;
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no Interest Period for any Advance may end after the Commitment Termination Date;
Sample 1
no Interest Period relating to the Term Loans or ---------------- any portion thereof bearing interest at the Eurodollar Rate or the Canadian Eurodollar Rate shall extend beyond the date on which the regularly scheduled installment payments of the principal of the Term Loans is to be made, unless a portion of the Term Loans at least equal to such installment payments has an Interest Period ending on such date or, in the case of the US Term Loan or the Mexican Term Loan, is then bearing interest at the Base Rate.
Sample 1
no Interest Period for any Revolving Credit Loan may commence before and end after any Revolving Credit Commitment Reduction Date unless, after giving effect thereto, the aggregate principal amount of the Revolving Credit Loans having Interest Periods which end after such Revolving Credit Commitment Reduction Date plus such Lender's Revolving Credit Commitment Percentage of outstanding Letters of Credit that expire after such Revolving Credit Commitment Reduction Date, shall be equal to or less than the aggregate amount of the Revolving Credit Commitments scheduled to be outstanding after giving effect to the reductions thereof to occur on such Revolving Credit Commitment Reduction Date;
Sample 1
no Interest Period for any Facility A Loan may commence before and end after any Facility A Commitment Reduction Date unless, after giving effect thereto, the sum of the aggregate principal amount of the Facility A Loans having Interest Periods which end after such Facility A Commitment Reduction Date shall be equal to or less than the aggregate amount of the Facility A Commitments scheduled to be outstanding after giving effect to the reductions thereof to occur on such Facility A Commitment Reduction Date;
Sample 1
no Interest Period relating to the Norwegian Term A Loan or the Dutch Term A Loan or any portion of any of them bearing interest at a rate calculated by a reference to the Dollar Eurocurrency Rate or Kroner Eurocurrency Rate shall extend beyond the date on which a regularly scheduled installment payment of the principal of the Norwegian Term A Loan or the Dutch Term A Loan (as the case may be) is to be made unless a portion of the Norwegian Term A Loan or the Dutch Term A Loan (as the case may be) at least equal to such installment payment has an Interest Period ending on or before such date or is then bearing interest at a rate calculated by reference to the Dollar Base Rate or Kroner Base Rate (as the case may be).
Sample 1
no Interest Period for any Advance shall expire after the Final Repayment Date.
Sample 1
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no Interest Period relating to the Expansion Loan or ------- any portion thereof bearing interest at the Eurodollar Rate shall extend beyond the date on which a regularly scheduled installment payment of the principal of the Expansion Loan is to be made unless a portion of the Expansion Loan at least equal to such installment payment has an Interest Period ending on such date or is a Base Rate Loan.
Sample 1

Related to no Interest Period

  • Interest Period Commencing on the first (1st) Payment Date of the month following the month in which the Funding Date of the applicable Term Loan Advance occurs, and continuing on each Payment Date thereafter, Borrower shall make monthly payments of interest on the principal amount of each Term Loan Advance at the rate set forth in Section 2.2(a).

  • LIBOR Interest Periods In lieu of making any payment pursuant to this Section 5.2 in respect of any LIBOR Loan, other than on the last day of the Interest Period therefor so long as no Event of Default shall have occurred and be continuing, the Borrower at its option may deposit, on behalf of the Borrower, with the Administrative Agent an amount equal to the amount of the LIBOR Loan to be prepaid and such LIBOR Loan shall be repaid on the last day of the Interest Period therefor in the required amount. Such deposit shall be held by the Administrative Agent in a corporate time deposit account established on terms reasonably satisfactory to the Administrative Agent, earning interest at the then customary rate for accounts of such type. Such deposit shall constitute cash collateral for the LIBOR Loans to be so prepaid; provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 5.2.

  • Duration of normal Interest Periods Subject to Clauses 6.3 and 6.4, each Interest Period shall be:

  • Interest Periods In connection with each LIBOR Rate Loan, the Borrower, by giving notice at the times described in Section 3.1(a), shall elect an interest period (each, an "Interest Period") to be applicable to such Loan, which Interest Period shall be a period of one (1), two (2), three (3) or six (6) months with respect to each LIBOR Rate Loan; provided that:

  • Additional Interest on Eurodollar Rate Advances The Borrower shall pay to each Lender, so long as such Lender shall be required under regulations of the Board of Governors of the Federal Reserve System to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each Eurodollar Rate Advance of such Lender, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for the Interest Period for such Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Lender for such Interest Period, payable on each date on which interest is payable on such Advance. Such additional interest shall be determined by such Lender and notified to the Borrower through the Administrative Agent, and such determination shall be conclusive and binding for all purposes, absent manifest error.

  • Determination of Interest Periods Every Interest Period shall be of the duration specified by the Borrowers pursuant to clause 3.2 but so that:

  • Duration of Interest Periods The duration of each Interest Period relating to the Advance shall, save as otherwise provided herein, be one, three, six or twelve months, or any such other period as may be agreed from time to time between the Borrower and the Agent, in each case as the Borrower may select by not less than three business days' prior notice to the Agent Provided that:

  • Notice of Interest Period and Interest Rate Promptly after receipt of a Notice of Borrowing pursuant to Section 2.02(a), a notice of Conversion pursuant to Section 2.09 or a notice of selection of an Interest Period pursuant to the definition of “Interest Period”, the Administrative Agent shall give notice to the Borrower and each Lender of the applicable Interest Period and the applicable interest rate determined by the Administrative Agent for purposes of clause (a)(i) or (a)(ii) above.

  • Notification of Interest Periods and interest rate The Agent shall notify the Borrowers and the Banks promptly of the duration of each Interest Period and of each rate of interest (or, as the case may be default interest) determined by it under this clause 3.

  • Changes to Interest Periods (a) Prior to determining the interest rate for a Facility A Loan, the Agent may shorten an Interest Period for any Facility A Loan to ensure there are sufficient Facility A Loans with an Interest Period ending on a Facility A Repayment Date for the Borrowers to make the Repayment Instalment due on that Facility A Repayment Date.

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