Selection of Interest Periods. The Borrowers may by notice received by the Bank not later than 10 a.m. on the second Banking Day before the start of each Interest Period request that such Interest Period shall have a length of one (1), three (3) or six (6) months or such other period as the Borrowers may select and the Bank may, subject to the same being available in the London Interbank Market, agree.
Appears in 4 contracts
Samples: Agreement, Facility Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Acquisition CORP)
Selection of Interest Periods. The Borrowers may by notice received by the Bank not later than 10 a.m. on the second Banking Day before the start of each Interest Period request that such Interest Period shall have a length of one (1), three (3) or six (6) months or such other period as the Borrowers may select and the Bank may, subject to the same being available in the London Interbank Market, agree.
Appears in 3 contracts
Samples: Agreement, Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.)
Selection of Interest Periods. The Borrowers Borrower may by notice received by the Bank not later than 10 10:00 a.m. on the second Banking Day before the start beginning of each Interest Period request that specify whether such Interest Period shall have a length duration of one (1), three (3) or months, six (6) months, nine (9) months or twelve (12) months or such other period which the Bank determines (in its absolute discretion) is available in the London Interbank Market as the Borrowers Borrower may select and the Bank may, subject to the same being available in the London Interbank Market, may agree.
Appears in 2 contracts
Samples: Facility Agreement (Freeseas Inc.), Loan Agreement (FreeSeas Inc.)
Selection of Interest Periods. The Borrowers may by notice received by the Bank not later than 10 10:00 a.m. on the second Banking Day before the start beginning of each Interest Period request that Period, specify whether such Interest Period shall have a length duration of one (1)) month, three (3) or months, six (6) months, nine (9) months or twelve (12) months or such other shorter period as the Borrowers may select and the Bank may, subject to the same being available in the London Interbank Marketits absolute discretion, agree.
Appears in 2 contracts
Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)
Selection of Interest Periods. The Borrowers Borrower may by notice received by the Bank not later than 10 10:00 a.m. on the second Banking Day before the start beginning of each Interest Period request that specify whether such Interest Period shall have a length duration of one (1), three (3) or months, six (6) months or nine (9) months or such other period (shorter than twelve (12) months) which the Bank determines (in its absolute discretion) is available in the London Interbank Market as the Borrowers Borrower may select and the Bank may, subject to the same being available in the London Interbank Market, may agree.
Appears in 2 contracts
Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)
Selection of Interest Periods. The Borrowers Borrower may by notice received by the Bank not later than 10 a.m. on the second Banking Day before the start of each Interest Period request that such Interest Period shall have a length of one (1), three (3) or ), six (6) or twelve (12) months or such other longer period as the Borrowers Borrower may select and the Bank may, subject to the same being available in the London Interbank Market, agree.
Appears in 2 contracts
Samples: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.)
Selection of Interest Periods. The Borrowers may by notice received by the Bank not later than 10 a.m. on the second Banking Day before the start of each Interest Period request that such Interest Period shall have a length of one (1), three (3) or ), six (6) or twelve (12) months or such other longer period as the Borrowers may select and the Bank may, subject to the same being available in the London Interbank Market, agreeagree and if the Borrowers wish to specify an Interest Period of more than 12 months, they must give at least 5 Banking Days prior notice thereof.
Appears in 1 contract
Selection of Interest Periods. The Borrowers may by notice received by the Bank not later than 10 a.m. on the second Banking Day before the start of each Interest Period request that such Interest Period shall have a length of one (1), ) three (3) or six (6) months or such other period as the Borrowers may select and the Bank may, subject to the same being available to it in the London Interbank Market, agree.
Appears in 1 contract
Selection of Interest Periods. The Borrowers Borrower may by notice received by the Bank not later than 10 a.m. on the second Banking Day before the start of each Interest Period request that such Interest Period shall have a length of one (1), two (2), three (3) or six (6) months or such other longer period as the Borrowers Borrower may select and the Bank may, subject to the same being available in the London Interbank Marketmarket availability, agree.
Appears in 1 contract
Selection of Interest Periods. The Borrowers Borrower may by notice received by the Bank not later than 10 a.m. on the second Banking Day before the start of each Interest Period request that such Interest Period shall have a length of one (1), three (3) or six (6) or twelve (12) months or such other longer period as the Borrowers Borrower may select and the Bank may, subject to the same being available in the London Interbank Market, agree.
Appears in 1 contract
Selection of Interest Periods. The Borrowers Borrower may by notice received by the Bank not later than 10 10:00 a.m. on the second Banking Day before the start beginning of each Interest Period request that specify whether such Interest Period shall have a length duration of one month (1), three (3) or months, six (6) months, nine (9) months or twelve (12) months or such other period which the Bank determines (in its absolute discretion) is available in the London Interbank Market as the Borrowers Borrower may select and the Bank may, subject to the same being available in the London Interbank Market, may agree.
Appears in 1 contract
Samples: Loan Agreement (Globus Maritime LTD)
Selection of Interest Periods. The Borrowers Borrower may by notice received by the Bank not later than 10 a.m. on the second Banking Day before the start beginning of each Interest Period request that for each Advance specify whether such Interest Period shall have a length duration of one (1), three (3) month or six (6) a whole multiple thereof or 12 months or such other period as the Borrowers Borrower may select and the Bank may, subject to the same being available in the London Interbank Marketits absolute discretion, agree.
Appears in 1 contract