Normal interest rate. The Borrowers shall pay interest on each Tranche in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than three (3) months, by instalments, the first instalment three (3) months from the commencement of the Interest Period and the subsequent instalments at intervals of three (3) months or, if shorter, the period from the date of the preceding instalment until the Interest Payment Date relative to such Interest Period) at the rate per annum determined by the Agent to be the aggregate of (a) the Margin and (b) LIBOR for such Interest Period.
Appears in 9 contracts
Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.), Corporations and Companies (Aegean Marine Petroleum Network Inc.)
Normal interest rate. The Borrowers shall pay interest on each Tranche in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than three (3) months, by instalments, the first instalment three (3) months from the commencement of the Interest Period and the subsequent instalments at intervals of three (3) months or, if shorter, the period from the date of the preceding instalment until the Interest Payment Date relative to such Interest Period) at the rate per annum determined by the Agent Bank to be the aggregate of (a) the Margin Margin, (b) the Additional Cost and (bc) LIBOR for such Interest Period.
Appears in 5 contracts
Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Eighth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.)
Normal interest rate. The Borrowers shall agree to pay interest on each Tranche in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than three (3) months, by instalments, the first instalment three (3) months from the commencement of the Interest Period and the subsequent instalments at intervals of three (3) months or, if shorter, the period from the date of the preceding instalment until the Interest Payment Date relative to such Interest Periodmonths) at the rate per annum determined by the Agent Bank to be the aggregate of (a) the Margin and (b) LIBOR for such Interest Periodperiod.
Appears in 4 contracts
Samples: Facility Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Acquisition CORP)
Normal interest rate. The Borrowers Borrower shall pay interest on each Tranche Advance in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than three (3) months, by instalments, the first such instalment payable three (3) months from the commencement of the Interest Period and the subsequent instalments payable at intervals of three (3) months or, if shorter, the period from the date of the preceding instalment until the Interest Payment Date relative to such Interest Periodperiod) at the rate per annum determined by the Agent Bank to be the aggregate of (a) the Margin and (b) LIBOR for such Interest Period.
Appears in 3 contracts
Samples: Facility Agreement (Freeseas Inc.), Agreement (FreeSeas Inc.), Loan Agreement (FreeSeas Inc.)
Normal interest rate. The Borrowers Borrower shall pay interest on each Tranche the Loan in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than three (3) months, by instalments, the first such instalment payable three (3) months from the commencement of the Interest Period and the subsequent instalments payable at intervals of three (3) months or, if shorter, the period from the date of the preceding instalment until the Interest Payment Date relative to such Interest Periodperiod) at the rate per annum determined by the Agent Bank to be the aggregate of (a) the Margin and (b) LIBOR for such Interest Period.
Appears in 2 contracts
Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)
Normal interest rate. The Borrowers shall pay interest on each Tranche in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than three (3) months, by instalments, the first instalment three (3) months from the commencement of the Interest Period and the subsequent instalments at intervals of three (3) months or, if shorter, the period from the date of the preceding instalment until the Interest Payment Date relative to such Interest Period) at the rate per annum determined by the Agent Bank to be the aggregate of (a) the Margin and (b) LIBOR for such Interest Period.
Appears in 2 contracts
Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)
Normal interest rate. The Borrowers Borrower shall pay interest on each Tranche the Loan in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than three (3) months, by instalments, the first such instalment being payable three (3) months from the commencement of the Interest Period and the subsequent instalments at intervals of three (3) months or, if shorter, the period from the date of the preceding instalment until the Interest Payment Date relative to such Interest Period) at the rate per annum determined by the Agent Bank to be the aggregate of (a) the Margin and (b) LIBOR for such Interest Period.
Appears in 2 contracts
Samples: Agreement (NewLead Holdings Ltd.), Agreement (Navios Maritime Holdings Inc.)
Normal interest rate. The Borrowers shall pay interest on each Tranche Advance in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than three (3) months, by instalments, the first instalment being due three (3) months from the commencement of the Interest Period and the subsequent instalments at intervals of three (3) months thereof or, if shorter, the period from the date of the preceding instalment until the Interest Payment Date relative to such Interest Period) at the rate per annum determined by the Agent to be the aggregate of (a) the Margin and Margin, (b) LIBOR for such Interest PeriodPeriod and (c) Mandatory Cost (if any).
Appears in 2 contracts
Samples: Supplemental Agreement (Diana Shipping Inc.), Loan Agreement (DryShips Inc.)
Normal interest rate. 3.1.1 The Borrowers shall pay interest on each Tranche in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than three (3) months, by instalments, the first instalment three (3) months from the commencement of the Interest Period and the subsequent instalments at intervals of three (3) months or, if shorter, the period from the date of the preceding instalment until the Interest Payment Date relative to such Interest Period) at the rate per annum determined by the Agent to be the aggregate of (a) the Margin and (b) LIBOR for such Interest Period.
Appears in 2 contracts
Samples: Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)
Normal interest rate. The Borrowers Borrower shall pay interest on each Tranche the Loan in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than three (3) months, by instalments, the first instalment being due three (3) months from the commencement of the Interest Period and the subsequent instalments at intervals of three (3) months thereof or, if shorter, the period from the date of the preceding instalment until the Interest Payment Date relative to such Interest Period) at the rate per annum determined by the Agent to be the aggregate of (a) the Margin and (b) LIBOR for such Interest Period.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Normal interest rate. The Borrowers Borrower shall pay interest on each Tranche the Loan in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than three (3) months, by instalments, the first instalment being due three (3) months from the commencement of the Interest Period and the subsequent instalments at intervals of three (3) months thereof or, if shorter, the period from the date of the preceding instalment until the Interest Payment Date relative to such Interest Period) at the rate per annum determined by the Agent to be the aggregate of (a) the Margin and Margin, (b) LIBOR for such Interest PeriodPeriod and (c) Mandatory Cost (if any).
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
Normal interest rate. The Borrowers Borrower shall pay interest on each Tranche the Loan in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than three six (36) months, by instalments, the first such instalment being payable three (3) months from the commencement of the Interest Period and the subsequent instalments at intervals of three (3) months or, if shorter, the period from the date of the preceding instalment until the Interest Payment Date relative to such Interest Period) at the rate per annum determined by the Agent Bank to be the aggregate of (a) the Margin and (b) LIBOR for such Interest Period.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Normal interest rate. The Borrowers Borrower shall pay interest on each Tranche Advance in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than three six (36) months, by instalments, the first such instalment three payable six (36) months from the commencement of the Interest Period and the subsequent instalments payable at intervals of three six (36) months or, if shorter, the period from the date of the preceding instalment until the Interest Payment Date relative to such Interest Periodperiod) at the rate per annum determined by the Agent Bank to be the aggregate of (a) the Margin and (b) LIBOR for such Interest Period.
Appears in 1 contract
Samples: Loan Agreement (Globus Maritime LTD)