Notification of market disruption. The Lender shall promptly notify the Borrower if for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund the Loan (or any part of it) during any Interest Period, stating the circumstances which have caused such notice to be given.
Appears in 16 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Quintana Shipping Ltd.)
Notification of market disruption. The Lender shall promptly notify the Borrower if no rate is quoted on Reuters BBA Page LIBOR 01 or if for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund the Loan (or any part of it) during any Interest Period, stating the circumstances which have caused such notice to be given.
Appears in 5 contracts
Samples: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (Star Cosmo Llc.)
Notification of market disruption. The Lender shall promptly notify the Borrower if no rate is quoted on Reuters BBA Page LIBOR 01 or the if for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund the Loan an Advance (or any part of it) during any Interest Period, stating the circumstances which have caused such notice to be given.
Appears in 2 contracts
Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)
Notification of market disruption. The Lender shall promptly notify the Borrower if for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund the Loan an Advance (or any part of it) during any the Interest PeriodPeriod applicable to it, stating the circumstances which have caused such notice to be givengiven and the Lender’s obligation to make the Advance shall be suspended while the circumstances referred to in the Lender’s notice continue.
Appears in 2 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Gala Properties Inc.)
Notification of market disruption. The Lender shall promptly notify the Borrower if for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund the Loan a Tranche (or any part of it) during any Interest Period, stating the circumstances which have caused such notice to be given.
Appears in 2 contracts
Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Euroseas Ltd.)
Notification of market disruption. The Lender shall promptly notify the Borrower Borrowers if for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund an Advance or the Loan (or any part of it) during any Interest Period, stating the circumstances which have caused such notice to be given.
Appears in 1 contract
Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)
Notification of market disruption. The Lender shall promptly notify the Borrower Borrowers if for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund the Loan an Advance (or any part of it) during any Interest PeriodPeriod applicable to it, stating the circumstances which have caused such notice to be given.
Appears in 1 contract
Samples: Loan Agreement (Mc Shipping Inc)
Notification of market disruption. The Lender shall promptly notify the Borrower if for any reason the Lender reason:
(a) it is unable to obtain Dollars in the London Interbank Market in order to fund the Loan (or any part of it) during any Interest Period, stating the circumstances which have caused such notice to be given; or
(b) adequate and fair means do not exist for ascertaining the rate of interest applicable to the Loan (or any part thereof) during any Interest Period.
Appears in 1 contract
Notification of market disruption. The Lender shall promptly notify the Borrower Borrowers if for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund the Loan (or any part of it) during any Interest Period, stating the circumstances which have caused such notice to be given.
Appears in 1 contract
