Notification of Interest Periods and interest rate. The Facility Agent shall notify the Primary Borrower (who shall notify any other relevant Borrower) and the Banks promptly of the duration of each Interest Period, Maturity Period or other period for the calculation of interest (or, as the case may be, default interest) and of each rate of interest determined by it under this clause 5.
Appears in 4 contracts
Samples: Facilities Agreement (Tu Acquisitions PLC), Facilities Agreement (Texas Utilities Electric Co), Facilities Agreement (Texas Utilities Electric Co)
Notification of Interest Periods and interest rate. The Facility Agent shall notify the Primary Borrower (who shall notify any other relevant Borrower) and the Banks Lenders promptly of the duration of each Interest Period, Maturity Period or other period for the calculation of interest (or, as the case may be, default interest) and of each rate of interest determined by it either of them under this clause 5.
Appears in 1 contract
Samples: Agreement (Gulfmark Offshore Inc)
