Common use of Pro rata interest settlement Clause in Contracts

Pro rata interest settlement. If the Agent has notified the Lenders that it is able to distribute interest payments on a "pro rata basis" to Existing Lenders and New Lenders then (in respect of any transfer pursuant to Clause 24.5 (Procedure for transfer) or any assignment pursuant to Clause 24.6 (Procedure for assignment) the Transfer Date of which is after the date of such notification and is not on the last day of an Interest Period):

Appears in 5 contracts

Samples: Second Supplemental Agreement to a Secured Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Bulkers Inc.), Secured Loan Agreement (Scorpio Bulkers Inc.)

AutoNDA by SimpleDocs

Pro rata interest settlement. If the Agent has notified the Lenders that it is able to distribute interest payments on a "pro rata basis" to Existing Lenders and New Lenders then (in respect of any transfer pursuant to Clause 24.5 (Procedure for transfer) or any assignment pursuant to Clause 24.6 (Procedure for assignment) the Transfer Date of which is after the date of such notification and is not on the last day of an Interest Period):to

Appears in 1 contract

Samples: Multicurrency Revolving Facility Agreement (Markit Ltd.)

Pro rata interest settlement. If the Facility Agent has notified the Lenders that it is able to distribute interest payments on a "pro rata basis" to Existing Lenders and New Lenders then (in respect of any transfer pursuant to Clause 24.5 clause 22.5 (Procedure for transfer) or any assignment pursuant to Clause 24.6 (Procedure for assignment) the Transfer Date of which is after the date of such notification and is not on the last day of an Interest Period):

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Kosmos Energy Ltd.)

Pro rata interest settlement. If the Facility Agent has notified the Lenders that it is able to distribute interest payments on a "pro rata basis" to Existing Lenders and New Lenders then (in respect of any transfer pursuant to Clause 24.5 28.5 (Procedure for transfer) or any assignment pursuant to Clause 24.6 28.6 (Procedure for assignment) the Transfer Date of which which, in each case, is after the date of such notification and is not on the last day of an Interest Period):

Appears in 1 contract

Samples: Addendum to First Preferred Marshall Islands Mortgage (Ocean Rig UDW Inc.)

Pro rata interest settlement. If the Facility Agent has notified the Lenders that it is able to distribute interest payments on a "pro rata basis" to Existing Lenders and New Lenders then (in respect of any transfer pursuant to Clause 24.5 28.5 (Procedure for transfer) or any assignment pursuant to Clause 24.6 28.6 (Procedure for assignment) the Transfer Date of which is after the date of such notification and is not on the last day of an Interest Period):

Appears in 1 contract

Samples: Facility Agreement (Vaalco Energy Inc /De/)

Pro rata interest settlement. If the Facility Agent has notified the Lenders that it is able to distribute interest payments on a "pro rata basis" to Existing Lenders and New Lenders then (in respect of any transfer pursuant to Clause 24.5 27.4 (Procedure for transfer) or any assignment pursuant to Clause 24.6 27.5 (Procedure for assignment) the Transfer Date of which which, in each case, is after the date of such notification and is not on the last day of an Interest Period):

Appears in 1 contract

Samples: Term Loan Facility (Navios Maritime Partners L.P.)

Pro rata interest settlement. If the Facility Agent has notified the Lenders that it is able to distribute interest payments on a "pro rata basis" to Existing Lenders and New Lenders then (in respect of any transfer pursuant to Clause 24.5 32.5 (Procedure for transfer) or any assignment pursuant to Clause 24.6 32.6 (Procedure for assignment) the Transfer Date of which which, in each case, is after the date of such notification and is not on the last day of an Interest Period):

Appears in 1 contract

Samples: Loan Agreement (Ardmore Shipping Corp)

Pro rata interest settlement. If the Agent has notified the Lenders that it is able to distribute interest payments on a "pro rata basis" to Existing Lenders and New Lenders then (in respect of any transfer pursuant to Clause 24.5 22.5 (Procedure for transfer) Transfer or any assignment pursuant to Clause 24.6 22.6 (Procedure for assignmentAssignment) the Transfer Date of which which, in each case, is after the date of such notification and is not on the last day of an Interest Period):

Appears in 1 contract

Samples: Facility Agreement (OI S.A. - In Judicial Reorganization)

Pro rata interest settlement. (A) If the Facility Agent has notified the Lenders that it is able to distribute interest payments on a "pro rata basis" to Existing Lenders and New Lenders then (in respect of any transfer pursuant to Clause 24.5 30.5 (Procedure for transfer) or any assignment pursuant to Clause 24.6 (Procedure for assignment) the Transfer Date of which is after the date of such notification and is not on the last day of an Interest Period):

Appears in 1 contract

Samples: Loan Agreement (Kosmos Energy Ltd.)

Pro rata interest settlement. If the Facility Agent has notified the Lenders that it is able to distribute interest payments on a "pro rata basis" to Existing Lenders and New Lenders then (in respect of any transfer pursuant to Clause 24.5 30.5 (Procedure for transfer) or any assignment pursuant to Clause 24.6 30.6 (Procedure for assignment) the Transfer Date of which which, in each case, is after the date of such notification and is not on the last day of an Interest Period):

Appears in 1 contract

Samples: Term Loan Facility (Ardmore Shipping Corp)

AutoNDA by SimpleDocs

Pro rata interest settlement. If the Facility Agent has notified the Lenders that it is able to distribute interest payments on a "pro rata basis" to Existing Lenders and New Lenders then (in respect of any transfer pursuant to Clause 24.5 26.5 (Procedure for transfer) or any assignment pursuant to Clause 24.6 26.6 (Procedure for assignment) the Transfer Date of which which, in each case, is after the date of such notification and is not on the last day of an Interest Period):

Appears in 1 contract

Samples: Borrowing Base Facility Agreement (Transglobe Energy Corp)

Pro rata interest settlement. If the Agent has notified the Lenders that it is able to distribute interest payments on a "pro rata basis" to Existing Lenders and New Lenders then (in respect of any transfer pursuant to Clause 24.5 27.5 (Procedure for transfer) or any assignment pursuant to Clause 24.6 27.6 (Procedure for assignment) the Transfer Date of which is after the date of such notification and is not on the last day of an Interest Period):for

Appears in 1 contract

Samples: Facility Agreement (Rockwood Holdings, Inc.)

Pro rata interest settlement. If the Agent has notified the Lenders that it is able to distribute interest payments on a "pro rata basis" to Existing Lenders and New Lenders then (in respect of any transfer pursuant to Clause 24.5 25.5 (Procedure for transfer) or any assignment pursuant to Clause 24.6 (Procedure for assignment) Transfer), the Transfer Date of which which, in each case, is after the date of such notification and is not on the last day of an Interest Period):

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Sibanye Stillwater LTD)

Pro rata interest settlement. If the Facility Agent has notified the Lenders that it is able to distribute interest payments on a "pro rata basis" to Existing Lenders and New Lenders then (in respect of any transfer pursuant to Clause 24.5 23.5 (Procedure for transfer) or any assignment pursuant to Clause 24.6 23.6 (Procedure for assignment) the Transfer Date of which which, in each case, is after the date of such notification and is not on the last day of an Interest Period):

Appears in 1 contract

Samples: Facility Agreement (First Solar, Inc.)

Pro rata interest settlement. If the Agent has notified the Lenders that it is able to distribute interest payments on a "pro rata basis" to Existing Lenders and New Lenders then (in respect of any transfer pursuant to Clause 24.5 25.4 (Procedure for transfer) or any assignment pursuant to Clause 24.6 (Procedure for assignment) the Transfer Date of which which, in each case, is after the date of such notification and is not on the last day of an Interest Period):

Appears in 1 contract

Samples: Facility Agreement (KNOT Offshore Partners LP)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!