Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each Advance in respect of an Interest Period shall be the aggregate of (a) the Margin and (b) LIBOR for that Interest Period Provided that where the Borrowers request, and the Lenders agree to, an Interest Period of longer than twelve months, the applicable rate of interest shall be the aggregate of the Margin and the fixed rate agreed between the Lenders and the Borrowers and advised by the Agent to the Borrowers.
Appears in 2 contracts
Samples: Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.)
Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each Advance in respect of an Interest Period relative to that Advance shall be the aggregate of (ai) the Margin Margin, (ii) the Mandatory Cost (if any) and (biii) LIBOR for that Interest Period Provided that where the Borrowers request, and the Lenders agree to, an Interest Period of longer than twelve months, the applicable rate of interest shall be the aggregate of the Margin and the fixed rate agreed between the Lenders and the Borrowers and advised by the Agent to the BorrowersPeriod.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Navios Maritime Partners L.P.)
Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each Advance in respect of an each Interest Period shall be the aggregate of (a) the Margin and (b) LIBOR for applicable to that Interest Period Provided that where the Borrowers request, and the Lenders agree to, an Interest Period of longer than twelve months, the applicable rate of interest Advance shall be the aggregate of the Margin Margin, the Mandatory Cost (if any) and the fixed rate agreed between the Lenders and the Borrowers and advised by the Agent to the BorrowersLIBOR for that Interest Period.
Appears in 2 contracts
Samples: Loan Agreement (Crude Carriers Corp.), Loan Agreement (Crude Carriers Corp.)
Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on the Term Advance and each Newbuilding Advance (as the case may be) in respect of an Interest Period shall be the aggregate of (a) the Margin and (b) LIBOR for that Interest Period Provided that where the Borrowers request, and the Lenders agree to, an Interest Period of longer than twelve months, the applicable rate of interest to it shall be the aggregate of the Margin Margin, the Mandatory Cost (if any) and the fixed rate agreed between the Lenders and the Borrowers and advised by the Agent to the BorrowersLIBOR for that Interest Period.
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)
Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each Advance in respect of an Interest Period shall be the aggregate of (a) the Margin Margin, (b) the Mandatory Cost and (bc) LIBOR for that Interest Period Provided that where the Borrowers request, and the Lenders agree to, an Interest Period of longer than twelve months, the applicable rate of interest shall be the aggregate of the Margin and the fixed rate agreed between the Lenders and the Borrowers and advised by the Agent to the BorrowersPeriod.
Appears in 1 contract
Samples: Loan Agreement (Danaos Corp)
Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each Advance of a Tranche in respect of an Interest Period shall be the aggregate of (a) LIBOR and the applicable Margin and (b) LIBOR for such Advance for that Interest Period Provided that where the Borrowers request, and the Lenders agree to, an Interest Period of longer than twelve months, the applicable rate of interest shall be the aggregate of the Margin and the fixed rate agreed between the Lenders and the Borrowers and advised by the Agent to the BorrowersPeriod.
Appears in 1 contract
Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each Advance in respect of an Interest Period shall be the aggregate of (a) the Margin and Margin, (b) LIBOR and (c) Mandatory Costs (if any) for that Interest Period Provided that where the Borrowers request, and the Lenders agree to, an Interest Period of longer than twelve months, the applicable rate of interest shall be the aggregate of the Margin and the fixed rate agreed between the Lenders and the Borrowers and advised by the Agent to the BorrowersPeriod.
Appears in 1 contract
Samples: Dynagas LNG Partners LP
Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each Advance and each part thereof in respect of an Interest Period shall be the aggregate of (aI) the applicable Margin and (bii) LIBOR for that Interest Period Provided that where the Borrowers request, and the Lenders agree to, an Interest Period of longer than twelve months, the applicable rate of interest shall be the aggregate of the Margin and the fixed rate agreed between the Lenders and the Borrowers and advised by the Agent to the BorrowersLIBOR.
Appears in 1 contract
Samples: Agreement (Star Bulk Carriers Corp.)
Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each Advance in respect of an Interest Period shall be the aggregate of (ai) the Margin and Margin, (bii) LIBOR for that Interest Period Provided and (iii) Mandatory Cost (if any) for that where the Borrowers request, and the Lenders agree to, an Interest Period of longer than twelve months, the applicable rate of interest shall be the aggregate of the Margin and the fixed rate agreed between the Lenders and the Borrowers and advised by the Agent to the BorrowersPeriod.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each Advance in respect of an Interest Period shall be the aggregate of (ai) the Margin applicable Margin, (ii) the Mandatory Costs (if any) and (biii) LIBOR for that Interest Period Provided that where the Borrowers request, and the Lenders agree to, an Interest Period of longer than twelve months, the applicable rate of interest shall be the aggregate of the Margin and the fixed rate agreed between the Lenders and the Borrowers and advised by the Agent to the BorrowersPeriod.
Appears in 1 contract
Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)
Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each the Advance in respect of an Interest Period shall be the aggregate of (ai) the Margin and (bii) LIBOR for that Interest Period Provided that where the Borrowers request, subject to Clause 5.6 and the Lenders agree to, an Interest Period of longer than twelve months, the applicable rate of interest shall be the aggregate of the Margin and the fixed rate agreed between the Lenders and the Borrowers and advised by the Agent to the Borrowers5.7.
Appears in 1 contract
Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each Term Advance and each Revolving Advance (as the case may be) in respect of an Interest Period shall be the aggregate of (a) the Margin and (b) LIBOR for that Interest Period Provided that where the Borrowers request, and the Lenders agree to, an Interest Period of longer than twelve months, the applicable rate of interest to it shall be the aggregate of the Margin and the fixed rate agreed between the Lenders and the Borrowers and advised by the Agent to the BorrowersLIBOR for that Interest Period.
Appears in 1 contract
Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each Advance in respect of an Interest Period shall be the aggregate of (a) the applicable Margin and (b) LIBOR for that Interest Period Provided that where the Borrowers request, and the Lenders agree to, an Interest Period of longer than twelve months, the applicable rate of interest shall be the aggregate of the Margin and the fixed rate agreed between the Lenders and the Borrowers and advised by the Agent to the BorrowersPeriod.
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)
Normal rate of interest. Subject to the provisions terms of this Agreement, the rate of interest on applicable to each Advance in respect of an (or any part thereof) for each Interest Period relating thereto shall be the aggregate of (ai) the Margin Margin, (ii) the Mandatory Cost (if any) and (biii) LIBOR for that Interest Period Provided that where the Borrowers request, and the Lenders agree to, an Interest Period of longer than twelve months, the applicable rate of interest shall be the aggregate of the Margin and the fixed rate agreed between the Lenders and the Borrowers and advised by the Agent to the BorrowersPeriod.
Appears in 1 contract
Samples: Agreement (DryShips Inc.)
Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each Advance in respect of an Interest Period shall be the aggregate of (a) the Margin and (b) LIBOR for that Interest Period Provided that PROVIDED THAT where the Borrowers request, and the Lenders agree to, an Interest Period of longer than twelve months, the applicable rate of interest shall be the aggregate of the Margin and the fixed rate agreed between the Lenders and the Borrowers and advised by the Agent to the Borrowers.
Appears in 1 contract