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 by notice to the Lender have selected an Interest Period longer that three (3) months, the Lender notifies the Borrower on the same Business Day before the commencement of that Interest Period that it is not satisfied that deposits in Dollars for a period equal to that Interest Period will be available to it in the Relevant Market when that Interest Period commences, that Interest Period shall be of such duration as the Lender may advise the Borrower in writing.

Appears in 2 contracts

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

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Non-availability of matching deposits for Interest Period selected. If, after the Borrower Borrowers by notice to the Lender have selected an Interest Period longer that three (3) months, the Lender notifies the Borrower Borrowers on the same Business Day before the commencement of that Interest Period that it is not satisfied that deposits in Dollars for a period equal to that Interest Period will be available to it in the Relevant Market when that Interest Period commences, that Interest Period shall be of such duration as the Lender may advise the Borrower Borrowers in writing.

Appears in 1 contract

Samples: First Supplemental Agreement (Toro Corp.)

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Non-availability of matching deposits for Interest Period selected. If, after the Borrower by notice to the Lender shall have selected an Interest Period longer that three (3) months, the Lender notifies the Borrower on the same Business Day before the commencement of that Interest Period that it is not satisfied that deposits in Dollars for a period equal to that Interest Period will be available to it in the Relevant Market when that Interest Period commences, that Interest Period shall be of such duration as the Lender may advise the Borrower in writing.

Appears in 1 contract

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.)

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