Common use of Payment of normal interest Clause in Contracts

Payment of normal interest. Subject to Clause 5.3 and the other provisions of this Agreement, interest on each the Tranche or the Loan in respect of each Interest Period applicable thereto shall be paid by the Borrowers on the last day of that Interest Period.

Appears in 2 contracts

Samples: Amending and Restating Deed, Amending and Restating Deed (Global Ship Lease, Inc.)

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Payment of normal interest. Subject to Clause 5.3 and the other provisions of this Agreement, interest on each Advance or (following the Tranche or consolidation of the Tranches pursuant to Clause 4.9) the Loan in respect of each Interest Period applicable thereto shall be paid by the Borrowers Borrower on the last day of that Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Payment of normal interest. Subject to Clause 5.3 4.2 and to the other provisions of this Agreement, interest on each the Tranche or the Loan Advance in respect of each Interest Period applicable thereto shall be paid by the Borrowers on the last day of that Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)

Payment of normal interest. Subject to Clause 5.3 and the other provisions of this Agreement, interest on each the Tranche or the Loan in respect of each Interest Period applicable thereto shall be paid by the Borrowers on the last day of that Interest Period.

Appears in 1 contract

Samples: Second Amending and Restating Deed (Global Ship Lease, Inc.)

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Payment of normal interest. Subject to Clause 5.3 and the other provisions of this Agreement, the Borrowers shall pay interest on each the Tranche or the Loan in respect of each Interest Period applicable thereto shall be paid by the Borrowers subject to Clause 5.3, on the last day of that Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Dynagas LNG Partners LP)

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