Common use of Normal interest rate Clause in Contracts

Normal interest rate. The Borrower must pay interest on the Loan in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Lender to be the aggregate of (a) the Margin in respect thereof and (b) LIBOR for such period.

Appears in 2 contracts

Sources: Loan Agreement (EuroDry Ltd.), Facility Agreement (Euroseas Ltd.)

Normal interest rate. The Borrower must agrees to pay interest on each Advance and the Loan in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Lender Agent to be the aggregate of (a) the Margin in respect thereof and (b) LIBOR for such period.

Appears in 2 contracts

Sources: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)

Normal interest rate. The Borrower Borrowers must pay interest on the Loan each Advance in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Lender Agent to be the aggregate of (a) the Margin in respect thereof and (b) LIBOR for such periodLIBOR.

Appears in 2 contracts

Sources: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Acquisition CORP)

Normal interest rate. The Borrower must pay interest on the Loan each Advance in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Lender Agent to be the aggregate of (a) the Margin in respect thereof and (b) LIBOR for such periodLIBOR.

Appears in 2 contracts

Sources: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement for a Term Loan Facility (Navios Maritime Acquisition CORP)

Normal interest rate. The Borrower Borrowers must pay interest on the Loan each Advance in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Lender to be the aggregate of (a) the Margin in respect thereof and thereof, (b) LIBOR the Reference Rate for such periodperiod and (c) the applicable Credit Adjustment Spread.

Appears in 1 contract

Sources: Facility Agreement (EuroDry Ltd.)

Normal interest rate. The Borrower must pay interest on the Loan in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Lender to be the aggregate of (a) the Applicable Margin in respect thereof and (b) LIBOR for such periodLIBOR.

Appears in 1 contract

Sources: Facility Agreement for a Term Loan (Box Ships Inc.)

Normal interest rate. The Borrower must Borrowers agree to pay interest on the Loan in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Lender to be the aggregate of (a) the Margin in respect thereof and (b) LIBOR for such period.,

Appears in 1 contract

Sources: Loan Agreement (NewLead Holdings Ltd.)

Normal interest rate. The Borrower must pay interest on the Loan in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Lender to be the aggregate of (a) the Margin in respect thereof and (b) LIBOR for such periodLIBOR.

Appears in 1 contract

Sources: Facility Agreement for a Term Loan (StealthGas Inc.)

Normal interest rate. The Borrower must agrees to pay interest on the Loan in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Lender Bank to be the aggregate of (a) the Margin in respect thereof and (b) LIBOR for such period.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Holdings Inc.)

Normal interest rate. The Borrower must pay interest on the Loan in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Lender to be the aggregate of (a) the Margin in respect thereof and (b) LIBOR the Reference Rate for such period.

Appears in 1 contract

Sources: Loan Agreement (Pyxis Tankers Inc.)

Normal interest rate. The Borrower must pay interest on the Loan in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Lender Payment Agent to be the aggregate of (a) the Margin in respect thereof and (b) LIBOR for such periodLIBOR.

Appears in 1 contract

Sources: Facility Agreement (Navios Maritime Partners L.P.)

Normal interest rate. The Borrower must pay interest on the Loan and each Advance in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Lender to be the aggregate of (a) the Margin in respect thereof and (b) LIBOR for such periodLIBOR.

Appears in 1 contract

Sources: Facility Agreement for a Term Loan (StealthGas Inc.)

Normal interest rate. The Borrower must Borrowers agree to pay interest on the Loan in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Lender Bank to be the aggregate of (a) the Margin in respect thereof and (b) LIBOR the Compounded Reference Rate for such period.

Appears in 1 contract

Sources: Supplemental Agreement (Navios South American Logistics Inc.)

Normal interest rate. The Borrower must pay interest on each Advance, the Loan and the Revolving Loan in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Lender Agent to be the aggregate of (a) the Applicable Margin in respect thereof and (b) LIBOR for such periodLIBOR.

Appears in 1 contract

Sources: Facility Agreement (Navios Maritime Holdings Inc.)

Normal interest rate. The Borrower Borrowers must pay interest on the Loan each Advance in respect of each Interest Period relating thereto on each Interest Payment Date at the rate per annum determined by the Lender Agent to be either (A) the aggregate of (a) the Margin in respect thereof and (b) LIBOR for such periodLIBOR, or (B) if the Borrowers select an Interest Period of 12 months or over (with the agreement of the Lenders), the aggregate of (a) the Actual Rate and (b) the Margin.

Appears in 1 contract

Sources: Facility Agreement (Navios Maritime Acquisition CORP)