Common use of Non-availability of matching deposits for Interest Period selected Clause in Contracts

Non-availability of matching deposits for Interest Period selected. If, after the Borrower has selected an Interest Period longer than 6 months, the Lender notifies the Borrower by 11.00 a.m. (Athens time) on the second Business Day before the commencement of the Interest Period that it is not satisfied that deposits in Dollars for a period equal to the Interest Period will be available to it in the London Interbank Market when the Interest Period commences, the Interest Period shall be of 6 months.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

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Non-availability of matching deposits for Interest Period selected. If, after the Borrower has selected and the Lender has agreed an Interest Period longer than 6 3 months, the Lender notifies the Borrower by 11.00 a.m. (Athens London time) on the second Business Day before the commencement of the Interest Period that it is not satisfied that deposits in Dollars for a period equal to the Interest Period will be available to it in the London Interbank Market when the Interest Period commences, the Interest Period shall be of 6 months1 month.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Non-availability of matching deposits for Interest Period selected. If, after the Borrower has selected and the Lenders have agreed an Interest Period longer than 6 months1 month, the Lender Agent notifies the Borrower by 11.00 a.m. (Athens London time) on the second Business Day before the commencement of the Interest Period that it is not satisfied that deposits in Dollars for a period equal to the Interest Period will be available to it in the London Interbank Market when the Interest Period commences, the Interest Period shall be of 6 months1 month.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Non-availability of matching deposits for Interest Period selected. If, after the Borrower has selected (and the Lenders have agreed) an Interest Period longer than 6 3 months, the any Lender notifies the Borrower Agent by 11.00 a.m. (Athens Hamburg time) on the second Business Day before the commencement of the Interest Period that it is not satisfied that deposits in Dollars for a period equal to the Interest Period will be available to it in the London Interbank Market when the Interest Period commences, the Interest Period shall be of 6 months.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Non-availability of matching deposits for Interest Period selected. If, after the Borrower has selected and the Lender has agreed an Interest Period longer than 6 months, the Lender notifies the Borrower by 11.00 a.m. 11:00am (Athens Swiss time) on the second third Business Day before the commencement of the Interest Period that it is not satisfied that deposits in Dollars for a period equal to the Interest Period will be available to it in the London Interbank Market when the Interest Period commences, the Interest Period shall be of 6 months.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Non-availability of matching deposits for Interest Period selected. If, after the Borrower has Borrowers have selected and the Lenders have agreed an Interest Period longer than 6 3 months, the any Lender notifies the Borrower Facility Agent by 11.00 a.m. (Athens Paris time) on the second Business Day before the commencement of the Interest Period that it is not satisfied that deposits in Dollars for a period equal to the Interest Period will be available to it in the London Interbank Market interbank market when the Interest Period commences, the Interest Period shall be of 6 3 months.

Appears in 1 contract

Samples: Loan Agreement (Capital Product Partners L.P.)

Non-availability of matching deposits for Interest Period selected. If, after the Borrower has selected and the Lender have agreed an Interest Period longer than 6 months, the Lender notifies the Borrower by 11.00 a.m. (Athens London time) on the second first Business Day before the commencement of the Interest Period that it is not satisfied that deposits in Dollars or, as the case may be, the relevant Optional Currency for a period equal to the Interest Period will be available to it in the London Interbank Market when the Interest Period commences, the Interest Period shall be of 6 months.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

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Non-availability of matching deposits for Interest Period selected. If, after the Borrower has Borrowers have selected an Interest Period longer than 6 3 months, the Lender notifies the Borrower Borrowers by 11.00 a.m. (Athens London time) on the second Business Day before the commencement of the Interest Period that it is not satisfied that deposits in Dollars for a period equal to the Interest Period will be available to it in the London Interbank Market when the Interest Period commences, the Interest Period shall be of 6 months3 months duration.

Appears in 1 contract

Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)

Non-availability of matching deposits for Interest Period selected. If, after the Borrower has selected and the Lender has agreed an Interest Period longer than 6 months, the Lender notifies the Borrower by 11.00 a.m. (Athens Paris time) on the second Business Day before the commencement of the Interest Period that it is not satisfied that deposits in Dollars for a period equal to the Interest Period will be available to it in the London Interbank Market when the Interest Period commences, the Interest Period shall be of 6 months.

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Carriers Corp.)

Non-availability of matching deposits for Interest Period selected. If, after the Borrower Borrowers have selected and the Lender has selected agreed an Interest Period longer than 6 months, the Lender notifies the Borrower Borrowers by 11.00 a.m. (Athens London time) on the second Business Day before the commencement of the Interest Period that it is not satisfied that deposits in Dollars for a period equal to the Interest Period will be available to it in the London Interbank Market when the Interest Period commences, the Interest Period shall be of 6 3 months.

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Non-availability of matching deposits for Interest Period selected. If, after the Borrower has selected (and the Lenders have agreed) an Interest Period longer than 6 months, the any Lender notifies the Borrower Agent by 11.00 a.m. (Athens Hamburg time) on the second Business Day before the commencement of the Interest Period that it is not satisfied that deposits in Dollars for a period equal to the Interest Period will be available to it in the London Interbank Market when the Interest Period commences, the Interest Period shall be of 6 months.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

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