Common use of Duration of normal Interest Periods Clause in Contracts

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.4, 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 6.5.

Appears in 2 contracts

Samples: Loan Agreement (Quartet Holdco Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.46.5, 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 6.56.4.

Appears in 2 contracts

Samples: Loan Agreement (Quartet Holdco Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Duration of normal Interest Periods. Subject to Clauses 6.3 and 6.46.5, 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 6.56.4.

Appears in 1 contract

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.)