Notification of Interest Periods and interest rate. The Facility Agent shall notify the Primary Borrower (who shall notify any other relevant Borrower) and the Banks promptly of the duration of each Interest Period, Maturity Period or other period for the calculation of interest (or, as the case may be, default interest) and of each rate of interest determined by it under this clause 5.
Appears in 4 contracts
Samples: Facilities Agreement (Texas Utilities Co /Tx/), Facilities Agreement (Texas Utilities Electric Co), Facilities Agreement (Texas Utilities Electric Co)
Notification of Interest Periods and interest rate. The Facility Agent shall notify the Primary Borrower (who shall notify any other relevant Borrower) and the Banks Lenders promptly of the duration of each Interest Period, Maturity Period or other period for the calculation of interest (or, as the case may be, default interest) and of each rate of interest determined by it under this clause 5.
Appears in 3 contracts
Samples: Project Loan Agreement, Agreement (QGOG Constellation S.A.), Project Loan Agreement (QGOG Constellation S.A.)
Notification of Interest Periods and interest rate. The Facility Agent shall notify the Primary Borrower (who shall notify any other relevant Borrower) Borrowers and the Banks Lenders promptly of the duration of each Interest Period, Maturity Period or other period for the calculation rate of interest (or, as the case may be, be default interest) and of each rate of interest determined by it under this clause 57 (Interest and Interest Periods).
Appears in 1 contract
Samples: Agreement (Paragon Shipping Inc.)
Notification of Interest Periods and interest rate. The Facility Agent shall notify the Primary Borrower Parent (who shall notify any other each relevant Borrower) and the Banks promptly of the duration of each Interest Period, Maturity Period or other period for the calculation of interest (or, as the case may be, default interest) and of each rate of interest determined by it under this clause 5.
Appears in 1 contract
Notification of Interest Periods and interest rate. The Facility Agent shall notify the Primary each Borrower (who shall notify any other relevant Borrower) and the Banks Lenders promptly of the duration of each Interest Period, Maturity Period or other period for the calculation of interest (or, as the case may be, default interest) and of each rate of interest determined by it either of them under this clause 5.
Appears in 1 contract
Samples: Gulfmark Offshore Inc
Notification of Interest Periods and interest rate. The Facility Agent shall notify the Primary Borrower (who shall notify any other relevant Borrower) Borrowers and the Banks Lenders promptly of the duration of each Interest Period, Maturity Period or other period for the calculation rate of interest (or, as the case may be, be default interest) and of each rate of interest determined by it under this clause 58 (Interest and Interest Periods).
Appears in 1 contract
Samples: Credit Agreement (DryShips Inc.)