Common use of Selection of Interest Period Clause in Contracts

Selection of Interest Period. The Borrower may by notice received by the Lender not later than 10:00 a.m. (London time) on the third Banking Day before the beginning of each Interest Period specify (subject to Clause 3.3 below) whether such Interest Period shall have a duration of one (1) or two (2) or three (3) or six (6) months (or such other period as may be requested by the Borrower and as the Lender, in its sole discretion, may agree to).

Appears in 2 contracts

Samples: Seanergy Maritime Holdings Corp., Seanergy Maritime Holdings Corp.

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Selection of Interest Period. The Borrower may by notice received by the Lender Bank not later than 10:00 10 a.m. (London time) on the third second Banking Day before the beginning of each Interest Period specify (subject to Clause 3.3 below) whether such Interest Period shall have a duration of one (1) or two (2) or three (3) or six (6) or nine (9) or twelve (12) months (subject to market availability) (or such other period as may be requested by the Borrower and as the LenderBank, in its sole discretion, may agree to).

Appears in 1 contract

Samples: Loan Agreement (NewLead Holdings Ltd.)

Selection of Interest Period. The Borrower may by notice received by the Lender Bank not later than 10:00 10 a.m. (London time) on the third second Banking Day before the beginning of each Interest Period specify (subject to Clause 3.3 below) whether such Interest Period shall have a duration of one (1) or two (2) or three (3) or six (6) or nine (9) months (subject to market availability) (or such other period as may be requested by the Borrower and as the LenderBank, in its sole discretion, may agree to).

Appears in 1 contract

Samples: Loan Agreement (NewLead Holdings Ltd.)

Selection of Interest Period. The Borrower may by notice received by the Lender Bank not later than 10:00 10 a.m. (London time) on the third second Banking Day before the beginning of each Interest Period specify (subject to Clause 3.3 below) whether such Interest Period shall have a duration of one (1) or two (2) or three (3) or six (6) months (or such other period up to 24 months as may be requested by the Borrower and as the Lender, in its sole discretion, may agree tosubject to market availability).

Appears in 1 contract

Samples: Loan Agreement (NewLead Holdings Ltd.)

Selection of Interest Period. The Borrower may by notice received by the Lender Bank not later than 10:00 10 a.m. (London time) on the third second Banking Day before the beginning of each Interest Period specify (subject to Clause 3.3 below) whether such Interest Period shall have a duration of one (1) or two (2) or three (3) or six (6) or nine (9) or twelve (12) months (or such other period as may be requested by the Borrower and as the LenderBank, in its sole discretion, may agree to).

Appears in 1 contract

Samples: Loan Agreement (FreeSeas Inc.)

Selection of Interest Period. The Borrower Borrowers may by notice received by the Lender Bank not later than 10:00 10 a.m. (London time) on the third second Banking Day before the beginning of each Interest Period specify (subject to Clause 3.3 below) whether such Interest Period shall have a duration of one (1) or two (2) or ), three (3) or six (6) months (or such other period as may be requested by the Borrower Borrowers and as the LenderBank, in its sole discretion, may agree to).

Appears in 1 contract

Samples: Agreement (NewLead Holdings Ltd.)

Selection of Interest Period. The Borrower Borrowers may by notice received by the Lender Bank not later than 10:00 10 a.m. (London time) on the third second Banking Day before the beginning of each Interest Period specify (subject to Clause 3.3 below) whether such Interest Period shall have a duration of one (1) or two (2) or three (3) or six (6) months (or such other period as may be requested by the Borrower Borrowers and as the LenderBank, in its sole discretion, may agree to).

Appears in 1 contract

Samples: Loan Agreement (FreeSeas Inc.)

Selection of Interest Period. The Borrower may by notice received by the Lender Bank not later than 10:00 10 a.m. (London time) on the third second Banking Day before the beginning of each Interest Period specify (subject to Clause 3.3 below) whether such Interest Period shall have a duration of one (1) or two (2) or three (3) or six (6) or up to twenty four (24) months (or such other period as may be requested by the Borrower subject to Bank's approval and as the Lender, in its sole discretion, may agree tomarket availability).

Appears in 1 contract

Samples: Agreement (Top Ships Inc.)

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Selection of Interest Period. The Borrower may by notice received by the Lender Bank not later than 10:00 10 a.m. (London time) on the third second Banking Day before the beginning of each Interest Period specify (subject to Clause 3.3 below) whether such Interest Period shall have a duration of one (1) or two (2) or ), three (3) or six (6) months (or such other period as may be requested by the Borrower subject to Bank’s approval and as the Lender, in its sole discretion, may agree tomarket availability).

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Selection of Interest Period. The Borrower Borrowers may by notice received by the Lender Bank not later than 10:00 10 a.m. (London time) on the third second Banking Day before the beginning of each Interest Period specify (subject to Clause 3.3 below) whether such Interest Period shall have a duration of one (1) or two (2) or three (3) ), or six (6) months (or such other period as may be requested by the Borrower Borrowers subject to Bank's approval and as the Lender, in its sole discretion, may agree tomarket availability).

Appears in 1 contract

Samples: Agreement (Euroseas Ltd.)

Selection of Interest Period. The Borrower may by notice received by the Lender Bank not later than 10:00 10 a.m. (London time) on the third second Banking Day before the beginning of each Interest Period specify (subject to Clause 3.3 below) whether such Interest Period shall have a duration of one (1) or two (2) or three (3) or six (6) or twelve (12) months (or such other period as may be requested by the Borrower and as the LenderBank, in its sole discretion, may agree to).

Appears in 1 contract

Samples: Agreement (NewLead Holdings Ltd.)

Selection of Interest Period. The Borrower may by notice received by the Lender Bank not later than 10:00 10 a.m. (London time) on the third second Banking Day before the beginning of each Interest Period specify (subject to Clause 3.3 below) whether such Interest Period shall have a duration of one (1) or two (2) or three (3) or six (6) or twelve (12) months (or such other period as may be requested by the Borrower subject to Bank’s approval and as the Lender, in its sole discretion, may agree tomarket availability).

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

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