Selection of Interest Periods (a. The Borrower may select an Interest Period for a Loan in the Utilisation Request for that Loan.
Selection of Interest Periods (a. The Borrowers may select an Interest Period for a Loan in a Drawdown Request or (once borrowed) in a Selection Notice. (b) Each Selection Notice is irrevocable and must be delivered to the Facility Agent by the Borrowers not later than 10 a.m. Amsterdam time three (3) Business Days prior to the beginning of the next Interest Period. (c) If the Borrowers fails to deliver a Selection Notice to the Facility Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to paragraph (e) below, be three (3) months.
Selection of Interest Periods (a. The Interest Period shall be 1 Month or any other period agreed between the Borrower and the Lender. (b)
Selection of Interest Periods (a. The Borrowers may select an Interest Period for their respective Facility A Loan(s) in the Utilisation Request for Facility A Loan(s) or (if such Facility A Loan(s) has/have already been borrowed) in a Selection Notice Provided that (and subject to the provisions of this Agreement), unless agreed otherwise in advance in writing by the Facility Agent, acting on the instructions of the Majority Lenders, each of the Facility A Loans denominated in forint shall have Interest Periods commencing on the same date and of the same duration and each of the Facility A Loans denominated in euro shall have Interest Periods commencing on the same date and of the same duration.
Selection of Interest Periods (a. Borrower (or the Company on its behalf) may, by no later than 9:30 a.m. on the date falling three Business Days before the first day of the relevant Interest Period, direct that any Term Facility Loan borrowed by it shall, at the beginning of the next Interest Period relating to it, be divided into (and thereafter, save as otherwise provided in this Agreement, be treated in all respects as) two or more Loans in such amounts (equal in aggregate to the amount of the Term Facility Loan being so divided) as shall be specified by that Borrower or the Company in such direction provided that no such direction may be made if:
Selection of Interest Periods (a. The Borrower may select an Interest Period for a Loan in a Drawdown Notice or (if the Loan has already been borrowed) in a Selection Notice. b) Each Selection Notice is irrevocable and must be received by the Agent not later than 11:00 hours three (3) Business Days before the Quotation Day for that Interest Period.
Selection of Interest Periods (a. The Borrowers may select an Interest Period for a Loan in a Drawdown Notice or (if one or more Loans have already been borrowed and in the case of the Commercial Facility Loans only) in a Selection Notice. (b) Each Selection Notice is irrevocable and must be received by the Agent not later than 12:00 hours three (3) Business Days before the Quotation Day for that Interest Period. (c) If, in the case of Commercial Facility Loans, the Borrowers fail to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will be six (6) months. (d) Subject to Clause 9.1(e), the first Interest Period shall start on the first Drawdown Date. The first Interest Period for the second or any later Loan shall start on the BD-#34696673-v11 33
Selection of Interest Periods (a. The Borrower may select the Interest Period for (i) an Advance under the Revolving Facility and the Transition Facility and (ii) a Tranche under the Newbuild Facility, in the Utilisation Request for the first Advance in that Facility. Subject to Clause 9.2 (Changes to Interest Periods), the Borrower may select each subsequent Interest Period in respect of an Advance in a Selection Notice. (b) Each Selection Notice is irrevocable and must be delivered to the Facility Agent by the Borrower not later than the Specified Time. (c) The Borrower may select the Interest Period for each Advance under the Revolving Facility in the Utilisation Request for that Advance. An Advance under the Revolving Facility has one Interest Period only which shall start on its Utilisation Date. (d) If the Borrower fails to select an Interest Period in the relevant Utilisation Request or, in the case of any Advance, fails to deliver a Selection Notice to the Facility Agent, the relevant Interest Period will (subject to Clause 9.2 (Changes to Interest Periods) in the case of any Tranche) be three Months.
Selection of Interest Periods (a. The Borrowers may select an Interest Period for a Loan in a Drawdown Notice or (if the Loan has already been borrowed) in a Selection Notice. b) Each Selection Notice is irrevocable and must be received by the Agent not later than 11:00 hours three (3) Business Days prior to the expiry of the relevant Interest Period. c) If the Borrowers fails to deliver a Selection Notice to the Agent in accordance with paragraph b) above, the relevant Interest Period will be the period specified in the Reference Rate Terms. d) The Borrowers may select an Interest Period of any period specified in the Reference Rate Terms or of any other period agreed between the Borrowers and the Agent (on behalf of the Lenders). e) An Interest Period for a Loan shall not extend beyond the Final Maturity Date. f) An Interest Period for a Loan shall start on the Drawdown Date or (if already made) on the last day of its preceding Interest Period. 9.2 Non-Business Day Any rules specified as "Business Day Conventions" in the Reference Rate Terms shall apply to each Interest Period. 10 CHANGES TO THE CALCULATION OF INTEREST 10.1 Interest calculation if no RFR or Central Bank Rate If: a) there is no applicable RFR or Central Bank Rate for the purposes of calculating the Daily Non-Cumulative Compounded RFR Rate for an RFR Banking Day during an Interest Period for a Loan; and 10127241/1 36 b) "Cost of funds will apply as a fallback" is specified in the Reference Rate Terms, Clause 10.3 (Cost of funds) shall apply to that Loan for that Interest Period. 10.2
Selection of Interest Periods (a. The Borrower may select an Interest Period for a Loan in a Drawdown Notice or (if the Loan has already been borrowed) in a Selection Notice. b) Each Selection Notice is irrevocable and must be received by the Agent not later than 11:00 hours three (3) Business Days prior to the expiry of the relevant Interest Period. c) If the Borrower fails to deliver a Selection Notice to the Agent in accordance with paragraph b) above, the relevant Interest Period will be the period specified in the Reference Rate Terms. d) The Borrower may select an Interest Period of any period specified in the Reference Rate Terms or of any other period agreed between the Borrower and the Agent (on behalf of the Lenders). e)
