Beginning and end of Interest Periods. Each Interest Period shall start on the Drawdown Date or (if the Loan is already made) on the last day of the preceding Interest Period and end on the date which numerically corresponds to the Drawdown Date or the last day of the preceding Interest Period in the relevant calendar month except that, if there is no numerically corresponding date in that calendar month, the Interest Period shall end on the last Business Day in that month.
Beginning and end of Interest Periods. The first Interest Period in respect of the first Drawing shall begin on the Drawdown Date of that Drawing and shall end on the last day of the Interest Period. The first Interest Period in respect of each subsequent Drawing shall begin on the Drawdown Date of that Drawing and end on the last day of the current Interest Period of the Loan. Any subsequent Interest Period in respect of each Drawing shall commence on the day following the last day of its previous Interest Period and shall end on the last day of its current Interest Period.
Beginning and end of Interest Periods. The first Interest Period in respect of the Loan shall begin on the Drawdown Date and shall end on the last day of the Interest Period selected in accordance with Clause 7.1. Any subsequent Interest Period selected in respect of the Loan shall commence on the day following the last day of its previous Interest Period and shall end on the last day of its current Interest Period selected in accordance with Clause 7.1.
Beginning and end of Interest Periods. The first Interest Period applicable to an Advance shall start on the Drawdown Date relative to that Advance and end on the date which numerically corresponds to the Drawdown Date and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period except that, if there is no numerically corresponding date in that calendar month, the Interest Period shall end on the last Banking Day in that month. The first Interest Period applicable to the second Advance shall be a period ending on the last day of the Interest Period applicable to the first Advance then current, whereupon both Advances shall be consolidated and treated as a single advance.
Beginning and end of Interest Periods. 7.2.1 The initial Interest Period in respect of the Advance shall commence on the Drawdown Date for the Advance and end on the last day of that Interest Period selected in accordance with clause 7.1, but so that no Interest Period shall overrun an Application Date.
Beginning and end of Interest Periods. The first Interest Period shall begin on the Drawdown Date, and the final Interest Period shall end on the Repayment Date applicable to the final Repayment Instalment.
Beginning and end of Interest Periods. The first Interest Period shall begin on the Advance Date. Notwithstanding Clause 6.1 the final Interest Period shall end on the Final Maturity Date.
Beginning and end of Interest Periods. The first Interest Period in respect of each Drawing shall begin on the Drawdown Date of that Drawing and shall end on the last day of the Interest Period selected in accordance with Clause 6.1. Any subsequent Interest Period selected in respect of each Drawing shall commence on the day following the last day of its previous Interest Period and shall end on the last day of its current Interest Period selected in accordance with Clause 6.1. Following each Delivery Date, the next Interest Period for the relevant Vessel Tranche shall be selected so that it ends on the last day of any then current Interest Period for the Vessel Tranches relating to any other delivered Vessel.
Beginning and end of Interest Periods. The first Interest Period shall start on the Drawdown Date and each subsequent Interest Period shall start forthwith upon the expiry of the preceding Interest Period and shall end on the date which numerically corresponds to (in the case of the first Interest Period) the Drawdown Date or (in the case of subsequent Interest Periods) the last day of the preceding Interest Period in the relevant calendar month except that if there is no numerically corresponding date in that calendar month, the Interest Period in question shall end on the last Business Day in that month.
Beginning and end of Interest Periods. Each Interest Period in respect of a Vessel Tranche shall start on the first Drawdown Date in respect of that Vessel Tranche or, if that Vessel Tranche has already been drawndown, on the last day of the preceding Interest Period and end on the date which numerically corresponds to the first Drawdown Date or the last day of the preceding Interest Period in the relevant calendar month except that, if there is no numerically corresponding date in that calendar month, the Interest Period shall end on the last Business Day in that month.
