Payment of accrued interest. In the case of an Interest Period longer than 3 months, accrued interest shall be paid every 3 months during that Interest Period and on the last day of that Interest Period.
Appears in 152 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (Danaos Corp)
Payment of accrued interest. In the case of an Interest Period longer than 3 three (3) months, accrued interest shall be paid every 3 three (3) months during that Interest Period and on the last day of that Interest Period.
Appears in 25 contracts
Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Credit Agreement (Scorpio Bulkers Inc.)
Payment of accrued interest. In the case of an Interest Period longer than 3 6 months, accrued interest shall be paid every 3 6 months during that Interest Period and on the last day of that Interest Period.
Appears in 19 contracts
Samples: Loan Agreement (Danaos Corp), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Navios Maritime Holdings Inc.)
Payment of accrued interest. In the case of an Interest Period of longer than 3 months, accrued interest shall be paid every 3 months during that Interest Period and on the last day of that Interest Period.
Appears in 11 contracts
Samples: Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (DryShips Inc.), Agreement (Navios Maritime Containers Inc.)
Payment of accrued interest. In the case of an Interest Period of longer than 3 monthsthree months (subject to the prior agreement of the Agent in accordance with Clause 6.2(b)), accrued interest shall be paid every 3 three months during that Interest Period and on the last day of that Interest Period.
Appears in 9 contracts
Samples: Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)
Payment of accrued interest. In the case of an Interest Period of longer than 3 three months, accrued interest shall be paid every 3 three months during that Interest Period and on the last day of that Interest Period.
Appears in 5 contracts
Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Agreement (Capital Product Partners L.P.)
Payment of accrued interest. In the case of an Interest Period of longer than 3 monthsmonths (subject to the prior agreement of the Agent in accordance with Clause 6.2(b)), accrued interest shall be paid every 3 months during that Interest Period and on the last day of that Interest Period.
Appears in 4 contracts
Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (EuroDry Ltd.), Loan Agreement (Euroseas Ltd.)
Payment of accrued interest. In the case of an Interest Period longer than 3 6 months, accrued interest shall be paid every 3 months during that Interest Period and on the last day of that Interest Period.
Appears in 3 contracts
Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Navios Maritime Acquisition CORP)
Payment of accrued interest. In the case of an Interest Period relative to an Advance of longer than 3 months, accrued interest on that Advance shall be paid every 3 months during that Interest Period and on the last day of that Interest Period.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Navios Maritime Partners L.P.)
Payment of accrued interest. In the case of an Interest Period of longer than 3 monthsthree months (subject to the prior agreement of the Agent in accordance with paragraph (b) of Clause 6.2), accrued interest shall be paid every 3 three months during that Interest Period and on the last day of that Interest Period.
Appears in 2 contracts
Samples: Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)
Payment of accrued interest. In the case of an Interest Period longer than 3 months1 month, accrued interest shall be paid every 3 months 1 month during that Interest Period and on the last day of that Interest Period.
Appears in 2 contracts
Samples: Loan Agreement (DryShips Inc.), Agreement (DryShips Inc.)
Payment of accrued interest. In the case of an Interest Period longer than 3 months6 months (to be selected by the Borrowers and agreed by the Lenders in accordance with Clause 6.2(c)), accrued interest shall be paid every 3 6 months during that Interest Period and on the last day of that Interest Period.
Appears in 2 contracts
Samples: Loan Agreement (Costamare Partners LP), Loan Agreement (Costamare Partners LP)
Payment of accrued interest. In the case of an Interest Period longer than 3 months, accrued interest shall be paid every 3 months (or, in the case of Interest Periods of 12 months or longer, every 6 months) during that Interest Period and on the last day of that Interest Period.
Appears in 2 contracts
Samples: Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Payment of accrued interest. In the case of an Interest Period longer than 3 three (3) months, accrued interest shall be paid in arrears on the last day of every 3 months three (3) month period during that Interest Period and on the last day of that Interest Period.
Appears in 2 contracts
Samples: Loan Agreement (Ultrapetrol Bahamas LTD), Loan Agreement (Oceanfreight Inc.)
Payment of accrued interest. In the case of an Interest Period of longer than 3 months, three months (subject to the prior agreement of the Agent in accordance with Clause 6.2(b)) (Duration of normal Interest Periods) accrued interest shall be paid every 3 three months during that Interest Period and on the last day of that Interest Period.
Appears in 1 contract
Payment of accrued interest. In the case of an Interest Period longer than 3 6 months, accrued interest shall be paid every 3 6 months during that Interest Period and on the last day of that Interest Period.,
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)
Payment of accrued interest. In the case of an Interest Period longer than 3 monthsthree months (subject to the prior agreement of the Agent in accordance with Clause 6.2(b) (Duration of normal Interest Periods)), accrued interest shall be paid every 3 three months during that Interest Period and on the last day of that Interest Period.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
Payment of accrued interest. In the case of an Interest Period longer than 3 monthsof 12 months or longer, accrued interest shall be paid every 3 6 months during that Interest Period and on the last day of that Interest Period.
Appears in 1 contract
Samples: Loan Agreement (GasLog Ltd.)
Payment of accrued interest. In the case of an Interest Period longer than 3 months (if agreed by the Lenders in their discretion (in the case of an Interest Period longer than 6 months)), accrued interest shall be paid every 3 months during that Interest Period and on the last day of that Interest Period.
Appears in 1 contract
Payment of accrued interest. In the case of an Interest Period in respect of the Commercial Loan longer than 3 three (3) months, accrued interest shall be paid every 3 three (3) months during that Interest Period and on the last day of that Interest Period.
Appears in 1 contract
Payment of accrued interest. In the case of an Interest Period longer than 3 monthsof 6 months or longer, accrued interest shall be paid every 3 months during that Interest Period and on the last day of that Interest Period.
Appears in 1 contract
Samples: Loan Agreement (GasLog Ltd.)
Payment of accrued interest. In the case of an Interest Period of longer than 3 monthsthree months (subject to the prior agreement of the Agent in accordance with Clause 5.4(b) (Notification of Interest Periods and rates of normal interest)), accrued interest shall be paid every 3 three months during that Interest Period and on the last day of that Interest Period.
Appears in 1 contract
Payment of accrued interest. In the case of an Interest Period of longer than 3 monthsmonths (subject to the prior agreement of the Agent in accordance with Clause 6.2(c)), accrued interest shall be paid every 3 months during that Interest Period and on the last day of that Interest Period.
Appears in 1 contract
Payment of accrued interest. In the case of an Interest Period of longer than 3 monthsthree months (subject to the prior agreement of the Agent in accordance with paragraph (a) of Clause 6.2 (Duration of normal Interest Periods)), accrued interest shall be paid every 3 three months during that Interest Period and on the last day of that Interest Period.
Appears in 1 contract
