Interest rate During. each Interest Period interest shall accrue on the Loan at the rate determined by the Agent to be the aggregate of (a) the Margin, (b) LIBOR and (c) the Mandatory Cost, if any.
Appears in 3 contracts
Sources: Third Supplemental Agreement to Secured Loan Facility Agreement (Genco Shipping & Trading LTD), Secured Loan Agreement (Baltic Trading LTD), Secured Loan Agreement (Baltic Trading LTD)
Interest rate During. each Interest Period interest shall accrue on the Loan at the rate determined by the Agent to be the aggregate of (a) the Margin, Margin and (b) LIBOR and (c) the Mandatory Cost, if anyLIBOR.
Appears in 1 contract
Sources: Secured Term Loan Facility Agreement (Teekay Tankers Ltd.)
Interest rate During. each Interest Period interest shall accrue on the Loan at the rate determined by the Agent to be the aggregate of (a) the Margin, (b) LIBOR and (c) the Mandatory Cost, if anyapplicable.
Appears in 1 contract
Sources: Secured Credit Facility (Teekay Offshore Partners L.P.)