Notification of interest periods and default rates. The Lender shall promptly notify the Borrower of each interest rate determined by it under Clause 6.3 and of each period selected by it for the purposes of paragraph (b) of that Clause; but this shall not be taken to imply that the Borrower is liable to pay such interest only with effect from the date of the Lender’s notification.
Appears in 13 contracts
Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Box Ships Inc.)
Notification of interest periods and default rates. The Lender shall promptly notify the Borrower Borrowers of each interest rate determined by it under Clause 6.3 and of each period selected by it for the purposes of paragraph (b) of that Clause; but this shall not be taken to imply that the Borrower is Borrowers are liable to pay such interest only with effect from the date of the Lender’s 's notification.
Appears in 11 contracts
Samples: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)
Notification of interest periods and default rates. The Lender shall promptly notify the Borrower of each interest rate determined by it under Clause 6.3 and of each period selected by it for the purposes of paragraph (b) of that Clause; but this shall not be taken to imply that the Borrower is liable to pay such interest only with effect from the date of the Lender’s 's notification.
Appears in 10 contracts
Samples: Agreement (Star Bulk Carriers Corp.), Agreement (Paragon Shipping Inc.), Loan Agreement (Box Ships Inc.)
Notification of interest periods and default rates. The Lender shall promptly notify the Borrower of each interest rate determined by it the Lender under Clause 6.3 and of each period selected by it the Lender for the purposes of paragraph (b) of that Clause; but this shall not be taken to imply that the Borrower is liable to pay such interest only with effect from the date of the Lender’s notification.
Appears in 8 contracts
Samples: Loan Agreement (Danaos Corp), Agreement (NewLead Holdings Ltd.), Loan Agreement
Notification of interest periods and default rates. The Lender shall promptly notify the Borrower Borrowers of each interest rate determined by it under Clause 6.3 and of each period selected by it for the purposes of paragraph (b) of that Clause; but this shall not be taken to imply that the Borrower is Borrowers are liable to pay such interest only with effect from the date of the Lender’s notification.
Appears in 7 contracts
Samples: Agreement (DryShips Inc.), Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Quintana Shipping Ltd.)
Notification of interest periods and default rates. The Lender shall promptly notify the Borrower of each interest rate determined by it under Clause 6.3 6.2 and of each period selected by it for the purposes of paragraph (b) of that Clause; but this shall not be taken to imply that the Borrower is liable to pay such interest only with effect from the date of the Lender’s 's notification.
Appears in 4 contracts
Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.)
Notification of interest periods and default rates. The Lender Issuer shall promptly notify the Borrower Obligors of each interest rate determined by it under Clause 6.3 and of each period selected by it for the purposes of paragraph (b) of that Clause; but this shall not be taken to imply that the Borrower is Obligors are liable to pay such interest only with effect from the date of the LenderIssuer’s notification.
Appears in 3 contracts
Samples: Guarantee Facility Agreement (TBS International LTD), Amending and Restating Agreement (TBS International PLC), Guarantee Facility Agreement (TBS International LTD)
Notification of interest periods and default rates. The Lender shall promptly notify the Borrower of each interest rate determined by it under Clause 6.3 5.3 and of each period selected by it for the purposes of paragraph (b) of that Clause; but this shall not be taken to imply that the Borrower is liable to pay such interest only with effect from the date of the Lender’s 's notification.
Appears in 1 contract
Samples: Agreement (DryShips Inc.)
Notification of interest periods and default rates. The Lender shall promptly notify the Borrower Borrowers of each interest rate determined by it the Lender under Clause 6.3 and of each period selected by it the Lender for the purposes of paragraph (b) of that Clause; but this shall not be taken to imply that the Borrower is Borrowers are liable to pay such interest only with effect from the date of the Lender’s notification.
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)
Notification of interest periods and default rates. The Lender shall promptly notify the Borrower of each interest rate determined by it under Clause 6.3 5,3 and of each period selected by it for the purposes of paragraph (b) of that Clause; but this shall not be taken to imply that the Borrower is liable to pay such interest only with effect from the date of the Lender’s notification.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Notification of interest periods and default rates. The Lender shall promptly notify the Borrower Borrowers of each interest rate determined by it the Lender under Clause 6.3 and of each period selected by it the Lender for the purposes of paragraph (b) of that Clause; but this shall not be taken to imply that the Borrower is Borrowers are liable to pay such interest only with effect from the date of the Lender’s 's notification.
Appears in 1 contract
Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)
Notification of interest periods and default rates. The Lender shall promptly notify notify’ the Borrower Borrowers of each interest rate determined by it under Clause 6.3 and of each period selected by it for the purposes of paragraph (b) of that Clause; but this shall not be taken to imply that the Borrower is Borrowers are liable to pay such interest only with effect from the date of the Lender’s notification.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Notification of interest periods and default rates. The Lender shall promptly notify the Borrower Borrowers of each interest rate determined by it under Clause 6.3 6.1 and of each period selected by it for the purposes of paragraph (b) of that Clause; but this shall not be taken to imply that the Borrower is liable to pay such interest only with effect from the date of the Lender’s notificationit.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
Notification of interest periods and default rates. The Lender shall promptly notify the Borrower of each interest rate determined by it under Clause 6.3 and of each period selected by it for the purposes of paragraph (b) of that ClauseClause 6(3)(b); but this shall not be taken to imply that the Borrower is liable to pay such interest only with effect from the date of the Lender’s notification.
Appears in 1 contract
Notification of interest periods and default rates. The Lender shall promptly notify the Borrower of each interest rate determined by it under Clause 6.3 7.3 and of each period selected by it for the purposes of paragraph (b) of that Clause; but this shall not be taken to imply that the Borrower is liable to pay such interest only with effect from the date of the Lender’s notification.
Appears in 1 contract
Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.)
Notification of interest periods and default rates. The Lender lender shall promptly notify the Borrower of each interest rate determined by it the Lender under Clause 6.3 and of each period selected by it for the purposes of paragraph (b6.3(b) of that Clause; but this shall not be taken to imply that the Borrower is liable to pay such interest only with effect from the date of the Lender’s notification.
Appears in 1 contract
Notification of interest periods and default rates. The Lender shall promptly notify the Borrower of each interest rate determined by it under Clause 6.3 and of each period selected by it for the purposes of paragraph (b) of that Clause7.2; but this shall not be taken to imply that the Borrower is liable to pay such interest only with effect from the date of the Lender’s notification.
Appears in 1 contract
Notification of interest periods and default rates. The Lender shall promptly notify the Borrower of each interest rate determined by it under Clause 6.3 7.3 and of each period selected by it for the purposes of paragraph (b) of that ClauseClause 7.3(b); but this shall not be taken to imply that the Borrower is liable to pay such interest only with effect from the date of the Lender’s 's notification.
Appears in 1 contract
Notification of interest periods and default rates. The Lender shall promptly notify the Borrower of each interest rate determined by it under Clause 6.3 9.3 and of each period selected by it for the purposes of paragraph (b) of that Clause; but this shall not be taken to imply that the Borrower is liable to pay such interest only with effect from the date of the Lender’s notification.
Appears in 1 contract