Changes to Interest Periods. (a) If after the Borrowers have selected and the Lenders have agreed an Interest Period longer than three months, any Lender notifies the Facility Agent within two Business Days after the Specified Time relating to the relevant Utilisation Request or Selection Notice that it is not satisfied that deposits in dollars for a period equal to the Interest Period will be available to it in the Relevant Interbank Market when the Interest Period commences, the Facility Agent shall shorten the Interest Period to three months.
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Samples: Assignment Agreement (Ardmore Shipping Corp), Assignment Agreement (Ardmore Shipping Corp), Humber Shipco LLC (Ardmore Shipping Corp)
Changes to Interest Periods. (a) If after the Borrowers have Borrower has selected and the Lenders have agreed an Interest Period longer than three monthssix Months, any Lender notifies the Facility Agent within two Business Days after the Specified Time relating to the relevant Utilisation Drawdown Request or Selection Notice that it is not satisfied that deposits in dollars for a period equal to the Interest Period will be available to it in the Relevant Interbank Market when the Interest Period commences, the Facility Agent shall shorten the Interest Period to three monthssix Months.
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Samples: Assignment Agreement (Grindrod Shipping Holdings Ltd.), Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Changes to Interest Periods. (a) If after the Borrowers have selected and the Lenders have agreed an Interest Period longer than three six months, any Lender notifies the Facility Agent within two Business Days after the Specified Time relating to the relevant Utilisation Request or Selection Notice that it is not satisfied that deposits in dollars for a period equal to the Interest Period will be available to it in the Relevant Interbank Market when the Interest Period commences, the Facility Agent shall shorten the Interest Period to three six months.
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Samples: Assignment Agreement (Dorian LPG Ltd.), Assignment Agreement (Dorian LPG Ltd.)
Changes to Interest Periods. (a) If after the Borrowers have Borrower has selected and the Lenders have agreed an Interest Period longer than three monthssix Months, any Lender notifies the Facility Agent within two Business Days after the Specified Time relating to the relevant Utilisation Request or Selection Notice that it is not satisfied that deposits in dollars for a period equal to the Interest Period will be available to it in the Relevant Interbank Market London interbank market when the Interest Period commences, the Facility Agent shall shorten the Interest Period to three monthssix Months.
Appears in 2 contracts
Samples: Credit Agreement (DHT Holdings, Inc.), Credit Agreement (DHT Holdings, Inc.)
Changes to Interest Periods. (a) If after the Borrowers have Borrower has selected and the Lenders have agreed an Interest Period longer than three 3 months, any Lender notifies the Facility Agent within two Business Days after the Specified Time relating to the relevant Utilisation Request or Selection Notice that it is not satisfied that deposits in dollars for a period equal to the Interest Period will be available to it in the Relevant Interbank Market when the Interest Period commences, the Facility Agent shall shorten the Interest Period to three 3 months.
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Samples: Assignment Agreement (DryShips Inc.)
Changes to Interest Periods. (a) If after the Borrowers have selected and the Lenders have agreed an Interest Period longer other than three 3 or 6 months, any Lender notifies the Facility Agent within two Business Days after the Specified Time relating to the relevant Utilisation Request or Selection Notice that it is not satisfied that deposits in dollars for a period equal to the Interest interest Period will be available to it in the Relevant Interbank Market when the Interest Period commences, the Facility Agent shall shorten define the Interest Period to three as 3 months.
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Changes to Interest Periods. (a) If after the Borrowers have Borrower has selected and the Lenders have agreed an Interest Period longer than three monthsMonths, any Lender notifies the Facility Agent within two Business Days after the Specified Time relating to the relevant Utilisation Drawdown Request or Selection Notice that it is not satisfied that deposits in dollars for a period equal to the Interest Period will be available to it in the Relevant Interbank Market when the Interest Period commences, the Facility Agent shall shorten change the Interest Period to three monthsMonths.
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Changes to Interest Periods. (a) If after the Borrowers have selected and the Lenders have agreed an Interest Period longer than three monthsMonths, any Lender notifies the Facility Agent within two Business Days after the Specified Time relating to the relevant Utilisation Drawdown Request or Selection Notice that it is not satisfied that deposits in dollars for a period equal to the Interest Period will be available to it in the Relevant Interbank Market when the Interest Period commences, the Facility Agent shall shorten the Interest Period to three monthsMonths.
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