Ending of Interest Periods. Each Interest Period shall, subject to Clauses 6.2 and 6.3, end on the date which numerically corresponds to the date on which the immediately preceding Interest Period ended (or, in the case of the first Interest Period, to the first Advance Date) in the calendar month which is the number of months selected or agreed after the calendar month in which the immediately preceding Interest Period ended (or, in the case of the first Interest Period, in which the first Advance Date occurred), except that:-
Appears in 3 contracts
Samples: Loan Agreement (Mc Shipping Inc), Agreement (Usg Corp), Agreement (Usg Corp)
Ending of Interest Periods. Each Interest Period shall, subject to Clauses 6.2 and 6.3, end on the date which numerically corresponds to the date on which the immediately preceding Interest Period ended (or, in the case of the first Interest Period, to the first Advance Date) in the calendar month which is the number of months selected or agreed after the calendar month in which the immediately preceding Interest Period ended (or, in the case of the first Interest Period, in which the first Advance Date occurred), except that:-
Appears in 2 contracts
Samples: Loan Agreement (Mc Shipping Inc), Loan Agreement (Arlington Tankers Ltd.)
