Notification of Interest Periods and rates of normal interest. The Agent shall notify the Borrowers and each Lender of (a) each rate of interest and (b) the duration of each Interest Period, as soon as reasonably practicable after each of (a) and (b) is determined.
Appears in 5 contracts
Samples: Loan Agreement, Agreement (Dynagas LNG Partners LP), Loan Agreement (Dynagas LNG Partners LP)
Notification of Interest Periods and rates of normal interest. The Agent shall notify the Borrowers Borrower and each Lender of (a) each rate of interest and (b) the duration of each Interest Period, as soon as reasonably practicable after each of (a) and (b) is determined.
Appears in 2 contracts
Samples: Loan Agreement (Product Shipping Ltd.), Loan Agreement (Product Shipping Ltd.)
Notification of Interest Periods and rates of normal interest. The Agent Lender shall notify the Borrowers and each Lender Borrower of (a) each rate of interest and (b) the duration of each Interest Period, as soon as reasonably practicable after each of (a) and (b) is determined.
Appears in 1 contract