Common use of Notification of Interest Periods and interest rate Clause in Contracts

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)

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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

Samples: Facilities Agreement (Avecia Group PLC)

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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.)

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