Common use of Duration of normal Interest Periods Clause in Contracts

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.5, each Interest Period shall be 3 months or such other period as the Agent may, with the authorization of all the Lenders, agree with the Borrowers pursuant to Clause 6.4.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.5, each Interest Period shall be 3 months or such other period as the Agent may, with the authorization of all the Lenders, agree with the Borrowers pursuant to Clause 6.4; provided that in the case of the first Interest Period applicable to each Advance other than the first Advance, such Interest Period shall end on the last day of the Interest Period applicable to the prior Advances then outstanding, whereupon all Advances shall be consolidated and treated as a single Advance.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.5, each Interest Period shall be 3 months or such other period as the Agent may, with the authorization of all the Lenders, agree with the Borrowers pursuant to Clause 6.4. provided that in the case of the first Interest Period applicable to the Advance in respect of NORDIC OSHIMA, a period ending on the last day of the Interest Period then applicable to the Advances in respect of NORDIC ODYSSEY and NORDIC ORION, where upon all Advances shall be consolidated and treated as a single Advance for the purpose of duration of normal Interest Periods.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.56.4, each Interest Period shall be 3 months or such other period as the Agent may, with the authorization of all the Lenders, agree with the Borrowers pursuant to Clause 6.46.5.

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.5, each Interest Period shall be 3 months or such other period as the Agent may, with the authorization of all the Lenders, agree with the Borrowers Borrower pursuant to Clause 6.4.