Normal interest rate. The Borrowers must pay interest on each Tranche in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Agent to be the aggregate of (a) the Margin and (b) LIBOR.
Appears in 4 contracts
Samples: Navios Maritime Holdings Inc., Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Holdings Inc.)
Normal interest rate. The Borrowers Borrower must pay interest on each Tranche the Loan in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Agent to be the aggregate of (a) the Margin and (b) LIBORLIBOR for such period.
Appears in 3 contracts
Samples: Facility Agreement (Pyxis Tankers Inc.), EuroDry Ltd., Euroseas Ltd.
Normal interest rate. The Borrowers Borrower must pay interest on each Tranche Advance in respect of each Interest Period relating thereto on each Interest Payment Date relating thereto at the rate per annum determined by the Agent Lender to be the aggregate of (a) the Margin and Margin, (b) LIBORLIBOR for that Interest Period and (c) any Mandatory Cost for that Interest Period.
Appears in 3 contracts
Samples: www.lw.com, Navios Maritime Midstream Partners LP, Navios Maritime Midstream Partners LP
Normal interest rate. The Borrowers must shall pay interest on each Tranche Advance or (as the case may be) Tranche, in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Agent to be the aggregate of (a) the Margin and (b) LIBORLIBOR for such Interest Period.
Appears in 2 contracts
Samples: Seanergy Maritime Holdings Corp., Seanergy Maritime Holdings Corp.
Normal interest rate. The Borrowers must pay interest on each Tranche in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Payment Agent to be the aggregate of (a) the Margin and (b) LIBOR.
Appears in 2 contracts
Samples: Navios Maritime Acquisition CORP, Navios Maritime Holdings Inc.
Normal interest rate. The Borrowers Borrower must pay interest on each Advance, each Tranche and the Loan, as the case may be, in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Agent Lender to be the aggregate of (a) the Margin and (b) LIBOR.
Appears in 1 contract
Samples: Agreement (StealthGas Inc.)
Normal interest rate. The Borrowers must pay interest on each Tranche in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Agent to be either (A) the aggregate of (a) the Margin and (b) LIBOR, or (B) if the Borrowers select an Interest Period of 6 months or over (with the agreement of the Lenders), the aggregate of (a) the Actual Rate and (b) the Margin.
Appears in 1 contract
Normal interest rate. The Borrowers must pay interest on each Tranche in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Agent to be either (A) the aggregate of (a) the Margin and (b) LIBOR, or (B) if the Borrowers select an Interest Period of 12 months or over (with the agreement of the Lenders), the aggregate of (a) the Actual Rate and (b) the Margin.
Appears in 1 contract
