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Common use of Normal rate of interest Clause in Contracts

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each Tranche in respect of an Interest Period shall be the aggregate of (i) the applicable Margin (ii) the Mandatory Costs (if any) and (iii) LIBOR for that Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each a Tranche in respect of an Interest Period applicable to it shall be the aggregate of (i) the applicable Margin (ii) and the Mandatory Costs (if any) and (iii) LIBOR Applicable Interest Rate for that Interest Period.

Appears in 1 contract

Samples: Loan Agreement (GasLog Ltd.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each Tranche in respect of an Interest Period applicable to it shall be the aggregate of (i) the applicable Margin (ii) the Mandatory Costs (if any) and (iii) LIBOR for that Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each Tranche in respect of an Interest Period shall be the aggregate of (i) the applicable Margin (ii) the Mandatory Costs (if any) and (iii) LIBOR for that Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each the Tranche or the Loan in respect of an Interest Period shall be the aggregate of (i) the applicable Margin Margin, (ii) the Mandatory Costs Cost (if any) and (iii) LIBOR for that Interest Period.

Appears in 1 contract

Samples: Second Amending and Restating Deed (Global Ship Lease, Inc.)

Normal rate of interest. Subject to the provisions of this Agreement, the rate of interest on each Tranche in respect of an Interest Period applicable to it shall be the aggregate of (i) the applicable Margin (ii) and the Mandatory Costs (if any) and (iii) LIBOR Reference Rate for that Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)