Notification of market disruption. The Lender shall promptly notify the Borrowers if: (a) no rate is quoted on Reuters BBA Page LIBOR 01; or (b) for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund or continue to fund the Loan (or any part thereof) during any Interest Period; or (c) LIBOR for that Interest Period does not adequately reflect the Lender’s cost of funding for that Interest Period.
Appears in 2 contracts
Samples: Loan Agreement (DryShips Inc.), First Supplemental Agreement (DryShips Inc.)
Notification of market disruption. The Lender shall promptly notify the Borrowers if:
(a) if no rate is quoted on Reuters BBA Page LIBOR 01; or
(b) page LIBOR01 or if for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund or continue to fund the Loan (or any part thereofof it) or an Advance during any Interest Period; or
(c) LIBOR for that Interest Period does not adequately reflect , stating the Lender’s cost of funding for that Interest Periodcircumstances which have caused such notice to be given.
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)
Notification of market disruption. The Lender shall promptly notify the Borrowers Borrower if:
(a) no rate is quoted on Reuters BBA Page LIBOR 01; or
(b) for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund or continue to fund the Loan (or any part thereof) during any Interest Period; or
(c) LIBOR for that Interest Period does not adequately reflect the Lender’s 's cost of funding for that Interest Period.
Appears in 1 contract
Samples: Amending and Restating Agreement (Star Bulk Carriers Corp.)
Notification of market disruption. The Lender shall promptly notify the Borrowers if:
(a) Borrower if no rate is quoted on Reuters BBA Page LIBOR 01; or
(b) page LIBOR01 or if for any reason both the Lender and the Reference Bank is unable to obtain Dollars in the London Interbank Market in order to fund or continue to fund the Loan (or any part thereofof it) or an Advance during any Interest Period; or
(c) LIBOR for that Interest Period does not adequately reflect , stating the Lender’s cost of funding for that Interest Periodcircumstances 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 Borrowers if:
(a) if no rate is quoted on Reuters BBA Page LIBOR 01; or
(b) LIBOR01 or if for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund or continue to fund the Loan (or any part thereofof it) or a Tranche during any Interest Period; or
(c) LIBOR for that Interest Period does not adequately reflect , stating the Lender’s cost of funding for that Interest Periodcircumstances which have caused such notice to be given.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Notification of market disruption. The Lender shall promptly notify the Borrowers if:
(a) if no rate is quoted on Reuters BBA Page LIBOR 01; or
(b) LIBOR01 or if for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund or continue to fund the Loan (or any part thereofof it) or an Advance during any Interest Period; or
(c) LIBOR for that Interest Period does not adequately reflect , stating the Lender’s cost of funding for that Interest Periodcircumstances which have caused such notice to be given.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Notification of market disruption. The Lender shall promptly notify the Borrowers if:
(a) if no rate is quoted on Reuters BBA Page LIBOR 01; or
(b) LIBOR01 or if for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund or continue to fund the Loan (or any part thereofof it) during any Interest Period; or
(c) LIBOR for that Interest Period does not adequately reflect , stating the Lender’s cost of funding for that Interest Periodcircumstances which have caused such notice to be given.
Appears in 1 contract
Samples: Loan Agreement (Oceanfreight Inc.)
Notification of market disruption. The Lender shall promptly notify the Borrowers if:
(a) Borrower if no rate is quoted on Reuters BBA Page LIBOR01, if the rate quoted on Reuters BBA Page LIBOR 01; or
(b) 01 does not represent the cost of funding of the Lender for the applicable Interest Period or if for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund or continue to fund the Loan (or any part thereofof it) during any Interest Period; or
(c) LIBOR for that Interest Period does not adequately reflect , stating the Lender’s cost of funding for that Interest Periodcircumstances which have caused such notice to be given.
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)
Notification of market disruption. The Lender shall promptly notify the Borrowers if:
(a) Borrower if no rate is quoted on Reuters BBA Page LIBOR 01; or
(b) 01 or the if for any reason both the Lender is and the Reference Bank are unable to obtain Dollars in the London Interbank Market in order to fund or continue to fund the Loan an Advance (or any part thereofof it) during any Interest Period; or
(c) LIBOR for that Interest Period does not adequately reflect , stating the Lender’s cost of funding for that Interest Periodcircumstances which have caused such notice to be given.
Appears in 1 contract
Samples: Loan Agreement (StealthGas Inc.)
Notification of market disruption. The Lender shall promptly notify the Borrowers if:
(a) if no rate is quoted on Reuters BBA Page LIBOR 01; or
(b) LIBOR0I or if for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund or continue to fund the Loan (or any part thereofof it) or a Tranche during any Interest Period; or
(c) LIBOR for that Interest Period does not adequately reflect , stating the Lender’s cost of funding for that Interest Periodcircumstances which have caused such notice to be given.
Appears in 1 contract
Notification of market disruption. The Lender shall promptly notify the Borrowers if:
(a) no if the rate is quoted on Reuters REUTERS BBA Page LIBOR 01; or
(b) 01 does not reflect the Lender's cost of obtaining matching deposits in the London Interbank Market or if for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund or continue to fund the Loan (or any part thereofof it) during any Interest Period; or
(c) LIBOR for that Interest Period does not adequately reflect , stating the Lender’s cost of funding for that Interest Periodcircumstances which have caused such notice to be given.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
Notification of market disruption. The Lender shall promptly notify the Borrowers Borrower if:
(a) no rate is quoted on Reuters BBA Page LIBOR 0101 (other than during the Applicable Period); or
(b) for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund or continue to fund the Loan (or any part thereof) during any Interest Period; or
(c) LIBOR for that Interest Period does not adequately reflect the Lender’s 's cost of funding for that Interest Period.
Appears in 1 contract
Samples: Fourth Amending and Restating Agreement (DryShips Inc.)
Notification of market disruption. The Lender shall promptly notify the Borrowers if:
(a) Borrower if no rate is quoted on Reuters BBA Page LIBOR 01; or
(b) 01 or if for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund or continue to fund the Loan an Advance (or any part thereofof it) during any Interest Period; or
(c) LIBOR for that Interest Period does not adequately reflect , stating the Lender’s cost of funding for that Interest Periodcircumstances which have caused such notice to be given.
Appears in 1 contract
Samples: Loan Agreement (Danaos Corp)
Notification of market disruption. The Lender shall promptly notify the Borrowers Borrower if:
(a) no rate is quoted on Reuters BBA Page LIBOR 01; or
(b) for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund or continue to fund the Loan (or any part thereof) during any Interest Period; or
(c) LIBOR for that Interest Period does not adequately reflect the Lender’s cost of funding for that Interest Period.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Notification of market disruption. The Lender shall promptly notify the Borrowers if:
(a) if no rate is quoted on Reuters BBA Page LIBOR 01; or
(b) LIBOR01 or if for any reason the Lender is unable to obtain Dollars in the London Interbank Market in order to fund or continue to fund fluid the Loan (or any part thereofof it) during any Interest Period; or
(c) LIBOR for that Interest Period does not adequately reflect , stating the Lender’s cost of funding for that Interest Periodcircumstances which have caused such notice to be given.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)