Common use of Shortened Interest Period Clause in Contracts

Shortened Interest Period. If no Term SOFR is available for the Interest Period of a Loan, the Interest Period of that Loan shall (if it is longer than the applicable Fallback Interest Period) be shortened to the applicable Fallback Interest Period and the applicable Reference Rate for that shortened Interest Period shall be determined pursuant to the definition of “Reference Rate”. ​ ​

Appears in 1 contract

Samples: Facility Agreement (IHS Holding LTD)

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Shortened Interest Period. If no Term SOFR is available for the Interest Period of a LoanLoan or any part of the Loan and it is not possible to calculate the Interpolated Term SOFR, the Interest Period of that Loan or that part of the Loan shall (if it is longer than the applicable Fallback Interest Period) be shortened to the applicable Fallback Interest Period and the applicable Reference Rate for that shortened Interest Period shall be determined pursuant to the definition of “Reference Rate”. ​ ​" ". (c) Cost

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Shortened Interest Period. If no Term SOFR is available for the Interest Period of a Loan, the Interest Period of that Loan shall (if it is longer than the applicable Fallback Interest Period) be shortened to the applicable Fallback Interest Period and the applicable Reference Rate for that shortened Interest Period shall be determined pursuant to the definition of “Reference Rate”. ​ ​.

Appears in 1 contract

Samples: Facilities Agreement (WEIBO Corp)

Shortened Interest Period. If no Term SOFR is available for the Interest Period of a LoanLoan or any part of the Loan and it is not possible to calculate the Interpolated Term SOFR, the Interest Period of that Loan or that part of the Loan shall (if it is longer than the applicable Fallback Interest Period) be shortened to the applicable Fallback Interest Period and the applicable Reference Rate for that shortened Interest Period shall be determined pursuant to the definition of "Reference Rate”. ​ ​".

Appears in 1 contract

Samples: Facility Agreement (Taylor Maritime Investments LTD)

Shortened Interest Period. If no Term SOFR is available for the Interest Period of a LoanLoan or any part of the Loan and it is not possible to calculate the Interpolated Term SOFR, the Interest Period of that Loan or that part of the Loan shall (if it is longer than the applicable Fallback Interest Period) be shortened to the applicable Fallback Interest Period and the applicable Reference Rate for that shortened Interest Period shall be determined pursuant to the definition of “Reference Rate”. ​ ​" ".

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

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Shortened Interest Period. If no Term SOFR is available for the Interest Period of a Loanthe Loan and it is not possible to calculate the Interpolated Term SOFR, the Interest Period of that the Loan shall (if it is longer than the applicable Fallback Interest Period) be shortened to the applicable Fallback Interest Period and the applicable Reference Rate for that shortened Interest Period shall be determined pursuant to the definition of Reference Rate”. ​ ​.

Appears in 1 contract

Samples: Facility Agreement (Powerfleet, Inc.)

Shortened Interest Period. If no Term SOFR is available for the Interest Period of a LoanLoan and it is not possible to calculated the Interpolated Term SOFR, the Interest Period of that Loan shall (if it is longer than the applicable Fallback Interest Period) be shortened to the applicable Fallback Interest Period and the applicable Reference Rate for that shortened Interest Period shall be determined pursuant to the definition of “Reference Rate”. ​ ​.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (IHS Holding LTD)

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