Duration of Interest Periods. (a) The first Interest Period for a Loan shall begin at the Utilization Date for such Loan and end on the date falling immediately prior to the next occurring Interest Payment Date. Thereafter, each subsequent Interest Period shall commence on each Interest Payment Date and end on the date falling immediately prior to the next occurring Interest Payment Date.
Appears in 3 contracts
Samples: Assignment and Assumption (Canuelas Mill S.A.C.I.F.I.A.), Assignment and Assumption (Canuelas Mill S.A.C.I.F.I.A.), Assignment and Assumption (Canuelas Mill S.A.C.I.F.I.A.)
Duration of Interest Periods. (a) The first Interest Period for a the Loan shall begin at commence on the Utilization first Utilisation Date for such Loan and end on the date falling immediately prior last day of the Interest Period applicable to the next occurring Interest Payment Date. Thereafter, fourth and last Advance and each subsequent Interest Period shall commence on each the expiry of the preceding Interest Payment Date and end on the date falling immediately prior to the next occurring Interest Payment DatePeriod.
Appears in 2 contracts
Samples: Facility Agreement (United Maritime Corp), Facility Agreement (United Maritime Corp)
Duration of Interest Periods. (a) The first Interest Period for in relation to a Loan shall begin at the Utilization start on and include its Utilisation Date for such Loan and shall end on the date falling immediately prior to the next occurring Interest Payment Date. Thereafter, each subsequent Interest Period shall commence on each Interest Payment Date and end on the date falling immediately prior to the next occurring following Interest Payment Date.
Appears in 1 contract
Samples: Agreement
Duration of Interest Periods. (a) 9.1.1 The first Interest Period for a Loan shall begin at the Utilization Date for such Loan and end on the date falling immediately prior to the next occurring Interest Payment Date, other than where such Utilization Date is less than 30 days before the next occurring Interest Payment Date, in which case such Interest Period shall end on the date falling immediately prior to the second Interest Payment Date occurring after the Utilization Date. Thereafter, each subsequent Interest Period shall commence on each that Interest Payment Date and end on the date falling immediately prior to the next occurring Interest Payment Date.
Appears in 1 contract
