Common use of Normal interest rate Clause in Contracts

Normal interest rate. The Borrower agrees to pay interest on the Loan in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than six (6) months, by instalments, the first six (6) months from the commencement of the Interest Period and the subsequent instalments at intervals of six (6) months) at the rate per annum determined by the Bank to be the aggregate of (a) the Margin and (b) LIBOR for such period.

Appears in 3 contracts

Samples: Facility Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.)

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Normal interest rate. The Borrower agrees to must pay interest on the Loan in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than six (6) months, by instalments, the first six (6) months from the commencement of the Interest Period and the subsequent instalments at intervals of six (6) months) at the rate per annum determined by the Bank Payment Agent to be the aggregate of (i) in respect of Interest Periods of 3 months or less (a) the Applicable Margin and (b) LIBOR for such periodor (ii) in respect of Interest Periods of more than 3 months (a) the Applicable Margin and (b) (in respect of each Contribution) the actual cost of funds to that Lender to fund its Contribution.

Appears in 2 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Agreement

Normal interest rate. The Borrower agrees to must pay interest on the Loan in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than six (6) months, by instalments, the first six (6) months from the commencement of the Interest Period and the subsequent instalments at intervals of six (6) months) at the rate per annum determined by the Bank Agent to be the aggregate of (i) in respect of Interest Periods of 3 months or less (a) the Margin and (b) LIBOR for such periodor (ii) in respect of Interest Periods of more than 3 months (a) the Margin and (b) (in respect of each Contribution) the actual cost of funds to that Lender to fund its Contribution.

Appears in 1 contract

Samples: Agreement (Navios Maritime Partners L.P.)

Normal interest rate. The Borrower agrees Borrowers agree to pay interest on the Loan each Tranche in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than six (6) months, by instalments, the first six (6) months from the commencement of the Interest Period and the subsequent instalments at intervals of six (6) months) at the rate per annum determined by the Bank to be the aggregate of (a) the Margin and (b) LIBOR for such period.

Appears in 1 contract

Samples: Agreement (Navios Maritime Holdings Inc.)

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Normal interest rate. The Borrower agrees Borrowers agree to pay interest on the Loan or part thereof in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than six three (63) months, by instalments, the first six three (63) months from the commencement of the Interest Period and the subsequent instalments at intervals of six three (63) monthsmonths and on the last day of such Interest Period) at the rate per annum determined by the Bank to be the aggregate of (a) the Margin and Margin, (b) LIBOR and (c) Mandatory Cosy (if any) for such periodthat Interest Period.

Appears in 1 contract

Samples: Agreement (Navios Maritime Acquisition CORP)

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