Common use of Selection and duration of Pre-Delivery Interest Periods and Interest Periods Clause in Contracts

Selection and duration of Pre-Delivery Interest Periods and Interest Periods. 5.3.1 Subject to the other provisions of this Clause 5, the Borrower may give notice to the Agent to be received by the Agent not later than 9.00 a.m. London time five (5) Business Days prior to the commencement of each Pre-Delivery Interest Period in respect of a Portion or part thereof or Interest Period in respect of the Loan (prior to the Conversion Date) or the Delayed Principal Amount, specifying whether that interest period is to be of three (3) or six (6) months’ duration or end on the next Cash Sweep Payment Date or Repayment Date. Pre-Delivery Interest Periods shall commence, in the case of the first in respect of the first part of Portion 1 and Portion 2 to be drawn down, on the First Drawdown Date, in the case of the first in respect of the first part of Portion 3 to be drawn down on the first Pre-Delivery Interest Payment Date and, in the case of Pre-Delivery Interest Periods other than the first in respect of any Portion or part thereof, on the expiry of the preceding Pre-Delivery Interest Period. Interest Periods in respect of the Loan and the Delayed Principal Xxxxxx shall commence, in the case of the first, on the Termination Date and 4 August 2009 respectively and, in the case of Interest Periods other than the first, on the expiry of the preceding Interest Period. However, the Agent shall have the right to adjust the length of any Pre-Delivery Interest Period for a part of a Portion (other than the first part to be drawn down) such that it ends on the same date as any existing Pre-Delivery Interest Period in respect of that Portion and the first Pre-Delivery Interest Period in respect of a Portion such that it ends on the same date as the current Pre-Delivery Interest Period of the other Portions. The final Pre-Delivery Interest Period in respect of a Portion, the Portions or any part thereof (as the case may be) shall end on the Termination Date and the final Interest Period shall end on the final Repayment Date.

Selection and duration of Pre-Delivery Interest Periods and Interest Periods. 5.3.1 Subject to the other provisions of this Clause 5, the Borrower may give notice to the Agent to be received by the Agent not later than 9.00 a.m. London time five (5) Business Days prior to the commencement of each Pre-Delivery Interest Period in respect of a Portion or part thereof or Interest Period in respect of the Loan (prior to the Conversion Date) or the Delayed Principal AmountLoan, specifying whether that interest period is to be of three (3) or six (6) months’ duration or end on the next Cash Sweep Payment Date or Repayment Date. Pre-Delivery Interest Periods shall commence, in the case of the first in respect of the first part of Portion 1 and Portion 2 to be drawn down, on the First Drawdown Date, in the case of the first in respect of the first part of Portion 3 to be drawn down on the first Pre-Delivery Interest Payment Date and, in the case of Pre-Delivery Interest Periods other than the first in respect of any Portion or part thereof, on the expiry of the preceding Pre-Delivery Interest Period. Interest Periods in respect of the Loan and the Delayed Principal Xxxxxx shall commence, in the case of the first, on the Termination Date and 4 August 2009 respectively and, in the case of Interest Periods other than the first, on the expiry of the preceding Interest Period. However, the Agent shall have the right to adjust the length of any Pre-Delivery Interest Period for a part of a Portion (other than the first part to be drawn down) such that it ends on the same date as any existing Pre-Delivery Interest Period in respect of that Portion and the first Pre-Delivery Interest Period in respect of a Portion such that it ends on the same date as the current Pre-Delivery Interest Period of the other Portions. The final Pre-Delivery Interest Period in respect of a Portion, the Portions or any part thereof (as the case may be) shall end on the Termination Date and the final Interest Period shall end on the final Repayment Date.

Selection and duration of Pre-Delivery Interest Periods and Interest Periods. 5.3.1 Subject to the other provisions of this Clause 5, the Borrower may give notice to the Agent to be received by the Agent not later than 9.00 a.m. London time five (5) Business Days prior to the commencement of each Pre-Delivery Interest Period in respect of a Portion or part thereof or Interest Period in respect of the Loan (prior to the Conversion Date) or the Delayed Principal AmountLoan, specifying whether that interest period is to be of three (3) or six (6) months’ duration or end on the next Cash Sweep Payment Date or Repayment Dateduration. Pre-Delivery Interest Periods shall commence, in the case of the first in respect of the first part of Portion 1 and Portion 2 to be drawn down, on the First Drawdown Date, in the case of the first in respect of the first part of Portion 3 to be drawn down on the first Pre-Delivery Interest Payment Date and, in the case of Pre-Delivery Interest Periods other than the first in respect of any Portion or part thereof, on the expiry of the preceding Pre-Delivery Interest Period. Interest Periods in respect of the Loan and the Delayed Principal Xxxxxx shall commence, in the case of the first, on the Termination Date and 4 August 2009 respectively and, in the case of Interest Periods other than the first, on the expiry of the preceding Interest Period. However, the Agent shall have the right to adjust the length of any Pre-Delivery Interest Period for a part of a Portion (other than the first part to be drawn down) such that it ends on the same date as any existing Pre-Delivery Interest Period in respect of that Portion and the first Pre-Delivery Interest Period in respect of a Portion such that it ends on the same date as the current Pre-Delivery Interest Period of the other Portions. The final Pre-Delivery Interest Period in respect of a Portion, the Portions or any part thereof (as the case may be) shall end on the Termination Date and the final Interest Period shall end on the final Repayment Date.

Selection and duration of Pre-Delivery Interest Periods and Interest Periods. 5.3.1 Subject to the other provisions of this Clause 5, the Borrower may give notice to the Agent to be received by the Agent not later than 9.00 a.m. London time five (5) Business Days prior to the commencement of each Pre-Delivery Interest Period in respect of a Portion or part thereof or Interest Period in respect of the Loan (prior to the Conversion Date) or the Delayed Principal AmountLoan, specifying whether that interest period is to be of three (3) or six (6) months’ duration or end on the next Cash Sweep Payment Date or Repayment Date' duration. Pre-Delivery Interest Periods shall commence, in the case of the first in respect of the first part of Portion 1 and Portion 2 to be drawn down, on the First Drawdown Date, in the case of the first in respect of the first part of Portion 3 to be drawn down on the first Pre-Delivery Interest Payment Date and, in the case of Pre-Delivery Interest Periods other than the first in respect of any Portion or part thereof, on the expiry of the preceding Pre-Delivery Interest Period. Interest Periods in respect of the Loan and the Delayed Principal Xxxxxx shall commence, in the case of the first, on the Termination Date and 4 August 2009 respectively and, in the case of Interest Periods other than the first, on the expiry of the preceding Interest Period. However, the Agent shall have the right to adjust the length of any Pre-Delivery Interest Period for a part of a Portion (other than the first part to be drawn down) such that it ends on the same date as any existing Pre-Delivery Interest Period in respect of that Portion and the first Pre-Delivery Interest Period in respect of a Portion such that it ends on the same date as the current Pre-Delivery Interest Period of the other Portions. The final Pre-Delivery Interest Period in respect of a Portion, the Portions or any part thereof (as the case may be) shall end on the Termination Date and the final Interest Period shall end on the final Repayment Date.