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
Sources: Loan Agreement (Navios Maritime Partners L.P.), Amending and Restating 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
Sources: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Performance Shipping Inc.), Loan Agreement (Performance Shipping Inc.)
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 2 contracts
Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)
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
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 thereupon be compounded every 6 months six (6) m0nths and shall be payable on demand.
Appears in 1 contract