Changes to Interest Periods. 11.2.1 Prior to determining the interest rate for a Loan, the Agent may shorten an Interest Period for any Loan to ensure there are sufficient Loans (with an aggregate amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a relevant Repayment Date for the Borrower to make the Repayment Instalment due on that date.
Appears in 3 contracts
Samples: Facilities Agreement (International Shipping Enterprises, Inc.), Facilities Agreement (International Shipping Enterprises, Inc.), Agreement (Navios Maritime Holdings Inc.)
Changes to Interest Periods. 11.2.1 (a) Prior to determining the interest rate for a Loan, the Agent may may, after consultation with the Borrower, divide any Loan and/or shorten an Interest Period for any Loan to ensure there are sufficient Loans (with an aggregate amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a relevant Repayment Date for the Borrower to make the relevant Repayment Instalment due on that date.
Appears in 2 contracts
Samples: Agreement (Sesa Sterlite LTD), Agreement (Sesa Sterlite LTD)
Changes to Interest Periods. 11.2.1 (a) Prior to determining the interest rate for a Loan, the Agent may shorten an Interest Period for any Loan to ensure there are sufficient Loans (with an aggregate amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a relevant Repayment Date for the Borrower to make the Repayment Instalment due on that dateDate.
Appears in 1 contract
Changes to Interest Periods. 11.2.1 9.2.1 Prior to determining the interest rate for a Loan, the Agent may shorten an Interest Period for any Loan to ensure there are sufficient Loans (with an aggregate amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a relevant Repayment Date for the Borrower to make the Repayment Instalment due on that date.
Appears in 1 contract
Changes to Interest Periods. 11.2.1 Prior to (a) Before determining the interest rate for a Loan, the Agent may shorten an Interest Period for any Loan to ensure there are sufficient Loans (with an aggregate amount equal to to, or greater than than, the relevant Repayment Instalment) which have an Interest Period ending on a relevant Repayment Date for the Borrower to make the Repayment Instalment due on that date.
Appears in 1 contract
Samples: Loan and Guarantee Facility Agreement (DryShips Inc.)
Changes to Interest Periods. 11.2.1 (a) Prior to determining the interest rate for a Loan, the Agent may shorten an Interest Period for any Loan to ensure there are sufficient Loans (with an aggregate amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a relevant Repayment Date for the Borrower to make the Repayment Instalment due on that date.
Appears in 1 contract
Samples: Agreement
Changes to Interest Periods. 11.2.1 (a) Prior to determining the interest rate for a Loan, the Agent may shorten an Interest Period for any such Loan to ensure there are sufficient Loans Loans, (with an aggregate amount equal to or greater than the relevant scheduled Facility Repayment Instalment) which have an Interest Period ending on a relevant Facility Repayment Date for the relevant Borrower to make the relevant Facility Repayment Instalment due on that date.
Appears in 1 contract
Samples: Facility Agreement (IHS Holding LTD)
Changes to Interest Periods. 11.2.1 (a) Prior to determining the interest Interest rate for a Loan, the Agent may may, without reference to another Finance Party, divide any Loan and/or shorten an Interest Period for any Loan to ensure there are sufficient Loans (with an aggregate amount equal to or greater than the relevant Repayment Instalmentinstalment) which have an Interest Period ending on a relevant Repayment Date for the Borrower Borrowers to make the relevant Repayment Instalment due on that date.
Appears in 1 contract
Samples: Sesa Sterlite LTD
Changes to Interest Periods. 11.2.1 (a) Prior to determining the interest rate for a Term Loan, the Agent (acting on the instructions of the Majority Lenders) may shorten an Interest Period for any Term Loan to ensure there are sufficient Term Loans (with an aggregate amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a relevant Term Facility Repayment Date for the Borrower Borrowers to make the relevant Repayment Instalment due on that date.
Appears in 1 contract
Samples: Facilities Agreement (StarTek, Inc.)
Changes to Interest Periods. 11.2.1 9.2.1 Prior to determining the interest rate for a Loan, the Agent may shorten an Interest Period for any Loan to ensure there are sufficient Loans (with an aggregate amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a relevant Repayment Date for the a Borrower to make the Repayment Instalment due on that date.
Appears in 1 contract
