Compounding of default interest. Any such interest which is not paid at the end of the period by reference to which it was determined shall be compounded every 6 months and shall be payable on demand.
Appears in 8 contracts
Samples: Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)
Compounding of default interest. Any such interest which is not paid at the end of the period by reference to which it was determined shall be compounded every 6 six (6) months and shall be payable on demand.
Appears in 6 contracts
Samples: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Performance Shipping Inc.), Supplemental Agreement (Toro Corp.)
Compounding of default interest. Any such interest which is not paid at the end of the period Interest Period by reference to which it was determined shall be compounded every 6 months and shall be payable on demand.
Appears in 1 contract
Compounding of default interest. Any such interest which is not paid at the end of the period by reference to which it was determined shall be compounded every 6 months and shall be payable on demandsix months.
Appears in 1 contract
