Common use of Payment of normal interest Clause in Contracts

Payment of normal interest. Subject to the provisions of this Agreement, interest on each Advance in respect of each Interest Period relative to that Advance shall be paid by the Borrowers on the last day of that Interest Period.

Appears in 8 contracts

Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Castor Maritime Inc.), Loan Agreement (Castor Maritime Inc.)

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Payment of normal interest. Subject to the provisions of this Agreement, interest on each the Advance in respect of each Interest Period relative to that Advance shall be paid by the Borrowers on the last day of that Interest Period.

Appears in 5 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Partners L.P.)

Payment of normal interest. Subject to the provisions of this Agreement, interest on each Advance in respect of each Interest Period relative to that Advance shall be paid by the Borrowers Borrower in arrears on the last day of that Interest Period.

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.), Loan Agreement

Payment of normal interest. Subject to the provisions of this Agreement, interest on each Advance in respect of each Interest Period relative applicable to that Advance it shall be paid by the Borrowers Borrower on the last day of that Interest Period.

Appears in 3 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp), Loan Agreement (Tsakos Energy Navigation LTD)

Payment of normal interest. Subject to the provisions of this Agreement, interest on each an Advance in respect of each Interest Period relative to that Advance shall be paid by the Borrowers on the last day of that Interest Period.

Appears in 3 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Quartet Holdco Ltd.)

Payment of normal interest. Subject to the provisions of this Agreement, interest on each the Advance in respect of each Interest Period relative to that the Advance shall be paid by the Borrowers Borrower on the last day of that Interest Period.

Appears in 3 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (Euroseas Ltd.)

Payment of normal interest. Subject to the provisions of this Agreement, interest on each Advance in respect of each Interest Period relative applicable to that Advance it shall be paid by the Borrowers Borrower on the last day of that Interest PeriodPeriod applicable to it.

Appears in 2 contracts

Samples: Amending and Restating Agreement (GasLog Partners LP), Amending and Restating Agreement

Payment of normal interest. Subject to the provisions of this Agreement, interest on each the an Advance in respect of each Interest Period relative to that Advance shall be paid by the Borrowers Borrower on the last day of that Interest Period.

Appears in 2 contracts

Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)

Payment of normal interest. Subject to the provisions of this Agreement, interest on each Advance in respect of each Interest Period relative applicable to that Advance shall be paid by the Borrowers Borrower on the last day of that Interest Period.

Appears in 2 contracts

Samples: Loan Agreement (Crude Carriers Corp.), Loan Agreement (Crude Carriers Corp.)

Payment of normal interest. Subject to the provisions of this Agreement, interest on each an Advance in respect of each the Interest Period relative applicable to that Advance it shall be paid by the Borrowers Borrower on the last day of that Interest Period.

Appears in 2 contracts

Samples: Loan Agreement (Gala Properties Inc.), Loan Agreement (Diana Shipping Inc.)

Payment of normal interest. Subject to the provisions of this Agreement, interest on each Advance or Tranche in respect of each Interest Period relative to that Advance shall be paid by the Borrowers (or, subject to Clause 29.2, each Affected Borrower), in arrears on the last day of that Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Capital Product Partners L.P.)

Payment of normal interest. Subject to the provisions of this Agreement, interest on each Advance in respect of each Interest Period relative to that an Advance shall be paid by the Borrowers on the last day of that the Interest PeriodPeriod applicable to such Advance.

Appears in 1 contract

Samples: Supplemental Agreement (Navios Maritime Containers Inc.)

Payment of normal interest. (a) Subject to the provisions of this Agreement, interest on each a Term Advance in respect of each Term Interest Period relative applicable to that Advance it shall be paid by the Borrowers Borrower on the last day of that Term Interest Period; and (b) Subject to the provisions of this Agreement, interest on a Revolving Advance in respect of each Revolving Interest Period applicable to it shall be paid by the Borrower on the last day of that Revolving Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Payment of normal interest. Subject to the provisions of this Agreement, interest on each the Advance in respect of each Interest Period relative to that Advance shall be paid by the Borrowers Borrower on the last day of that Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

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Payment of normal interest. Subject to the provisions of this Agreement, interest on each an Advance in respect of each Interest Period relative to that Advance shall be paid by the Borrowers Borrower on the last day of that Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Payment of normal interest. Subject (a) subject to the provisions of this Agreement, interest on each the Term Advance in respect of each Term Interest Period relative applicable to that Advance it shall be paid by the Borrowers Borrower on the last day of that Term Interest Period; (b) subject to the provisions of this Agreement, interest on a Newbuilding Advance in respect of each Newbuilding Interest Period applicable to it shall be paid by the Borrower on the last day of that Newbuilding Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Payment of normal interest. Subject to the provisions of this Agreement, interest on each Advance in respect of each Interest Period relative to that an Advance shall be paid by the Borrowers Borrower on the last day of that the Interest PeriodPeriod applicable to such Advance.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Containers Inc.)

Payment of normal interest. Subject to the provisions of this Agreement, interest on each Advance in respect of each Interest Period relative applicable to that Advance it shall be paid by the Borrowers on the last day of that Interest PeriodPeriod applicable to it.

Appears in 1 contract

Samples: Loan Agreement (GasLog Ltd.)

Payment of normal interest. Subject to the provisions of this Agreement, interest on each Advance in respect of each Interest Period relative to that Advance Advance, shall be paid by the Borrowers on the last day of that Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.)

Payment of normal interest. Subject to the provisions of this Agreement, interest on each Advance or Advance(s) in respect of each Interest Period relative to that Advance shall be paid by the Borrowers (or, subject to Clause 29.2, each Affected Borrower), in arrears on the last day of that Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Capital Product Partners L.P.)

Payment of normal interest. Subject to the provisions of this Agreement, interest on each an Advance in respect of each Interest Period relative applicable to that Advance it shall be paid by the Borrowers Borrower on the last day of that Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Payment of normal interest. Subject to the provisions of this Agreement, interest on each Advance Advance, in respect of each Interest Period relative to that Advance shall be paid by the Borrowers on the last day of that Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Payment of normal interest. Subject to the provisions of this Agreement, interest on each Advance in respect of each an Interest Period relative to that Advance shall be paid by the Borrowers on the last day date of that Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

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