Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower under any Finance Document which the Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:
Appears in 69 contracts
Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Star Bulk Carriers Corp.)
Payment of default interest on overdue amounts. The Borrower Borrowers shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower Borrowers under any Finance Document which the Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:
Appears in 43 contracts
Samples: Loan Agreement, Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Global Ship Lease, Inc.)
Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 6 on any amount payable by the Borrower under any Finance Document which the Agent, the Security Trustee or the other designated payee Lender does not receive on or before the relevant date, that is:
Appears in 26 contracts
Samples: Loan Agreement (Box Ships Inc.), Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Cosmo Llc.)
Payment of default interest on overdue amounts. The Borrower Borrowers shall pay interest in accordance with the following provisions of this Clause 7 6 on any amount payable by the Borrower Borrowers under any Finance Document which the Agent, the Security Trustee or the other designated payee Lender does not receive on or before the relevant date, that is:
Appears in 15 contracts
Samples: Agreement (TBS International LTD), Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Payment of default interest on overdue amounts. The Borrower Borrowers shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the such Borrower under any Finance Document which the Agent, the Security Trustee or the any other designated payee does not receive on or before the relevant date, that is:
Appears in 8 contracts
Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Quartet Holdco Ltd.)
Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 (Default Interest) on any amount payable by the Borrower under any Finance Document which the Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:
Appears in 4 contracts
Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition Corp)
Payment of default interest on overdue amounts. The Borrower Borrowers shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower Borrowers under any Finance Document which the Agent, the Security Trustee or the other designated payee relevant Creditor Party does not receive on or before the relevant date, that is:
Appears in 3 contracts
Samples: Loan Agreement (TBS International PLC), Loan Agreement (TBS International LTD), Loan Agreement (TBS International PLC)
Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 6 on any amount payable by the Borrower under any Finance Document which the AgentLender, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:
Appears in 3 contracts
Samples: Loan Agreement (Danaos Corp), Loan Agreement, Loan Agreement (Capital Product Partners L.P.)
Payment of default interest on overdue amounts. The Borrower Borrowers shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the either Borrower under any Finance Document which the Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:
Appears in 3 contracts
Samples: Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)
Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 6 on any amount payable by the Borrower under any Finance Document which the AgentLender, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:
Appears in 3 contracts
Samples: Loan Agreement (NewLead Holdings Ltd.), Agreement (NewLead Holdings Ltd.), Loan Agreement (Pyxis Tankers Inc.)
Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower under any Finance Document which the Agent, the Security Trustee or the any other designated payee payee, does not receive on or before the relevant date, that is:
Appears in 2 contracts
Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)
Payment of default interest on overdue amounts. The Borrower Borrowers shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower Borrowers (or any of them) under any Finance Document which the Facility Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:
Appears in 2 contracts
Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)
Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower under any Finance Document which the Facility Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:
Appears in 2 contracts
Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement
Payment of default interest on overdue amounts. The Borrower Borrowers shall pay interest in accordance with the following provisions of this Clause 7 (Default Interest) on any amount payable by the Borrower Borrowers under any Finance Document which the Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:
Appears in 2 contracts
Samples: Loan Agreement (Castor Maritime Inc.), Loan Agreement (Euronav NV)
Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower under any Finance Document which the Agent, the Security Trustee or the any other designated payee does not receive on or before the relevant date, that is:
Appears in 2 contracts
Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)
Payment of default interest on overdue amounts. The Borrower Borrowers shall pay interest in accordance with the following provisions of this Clause 7 6 on any amount payable by the Borrower Borrowers under any Finance Document which the Facility Agent, the Security Trustee or a Lender, as the other designated payee case may be, does not receive on or before the relevant date, that is:
Appears in 2 contracts
Samples: Loan Agreement (TBS International LTD), Loan Agreement (TBS International LTD)
Payment of default interest on overdue amounts. The Borrower Borrowers shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower Borrowers under any Finance Document which the Agent, the Security Trustee or the any other designated payee Creditor Party does not receive on or before the relevant datedue date for payment thereunder, that is:
Appears in 1 contract
Samples: Loan Agreement (Euroseas Ltd.)
Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower under any Finance Document which the Facility Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:: Index
Appears in 1 contract
Payment of default interest on overdue amounts. The Borrower Borrowers shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the any Borrower under any Finance Document which the Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:
Appears in 1 contract
Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower under any Finance Document which the Agent, the Security Trustee Agent or the other designated payee does not receive on or before the relevant date, that is:
Appears in 1 contract
Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower under any Finance Document which the Agent, the Security Trustee or the any other designated payee Creditor Party does not receive on or before the relevant datedue date for payment thereunder, that is:
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
Payment of default interest on overdue amounts. The Borrower Borrowers shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower Borrowers under any Finance Document which the Agent, the Security Trustee or the other designated payee Lender does not receive on or before the relevant date, that is:
Appears in 1 contract
Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower under any Finance Document this Agreement which the Agent, the Security Trustee or the other designated payee Lender does not receive on or before the relevant date, that is:
Appears in 1 contract
Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.)
Payment of default interest on overdue amounts. The Borrower Obligors shall pay interest in accordance with the following provisions of this Clause 7 8 on any amount payable by the Borrower Obligors under any Finance Document which the Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:
Appears in 1 contract
Samples: Agreement (Euronav NV)
Payment of default interest on overdue amounts. The Borrower Borrowers shall pay interest in accordance with the following provisions of this Clause 7 (Default Interest) on any amount payable by the Borrower Borrowers under any Finance Document which the Agent, the Security Trustee Agent or the other designated payee does not receive on or before the relevant date, that is:
Appears in 1 contract
Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower it under any Finance Document which the Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:
Appears in 1 contract
Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 6.4 on any amount payable by the Borrower under any Finance Document which the Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:: the date on which the Finance Documents provide that such amount is due for payment; or
Appears in 1 contract
Payment of default interest on overdue amounts. The Borrower Borrowers shall pay interest in accordance with the following provisions of this Clause 7 6 on any amount payable by the Borrower Borrowers under any Finance Document which the AgentLender, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)
Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 8 on any amount payable by the Borrower under any Finance Document which the Agent, the Paying Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:
Appears in 1 contract
Payment of default interest on overdue amounts. The Borrower Borrowers shall pay interest in accordance with the following provisions of this Clause 7 6 on any amount payable by the Borrower Borrowers under any Finance Document which the Agent, the Security Trustee Lender or the other designated payee does not receive on or before the relevant date, that is:
Appears in 1 contract
Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)
Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 6.4 on any amount payable by the Borrower under any Finance Document which the Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:
Appears in 1 contract
Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower under any Finance Document which the Agent, the Security Trustee or the other designated payee Lender does not receive on or before the relevant date, that is:
Appears in 1 contract
Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the following provisions of this Clause 7 8 on any amount payable by the Borrower under any Finance Document which the Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:
Appears in 1 contract
Samples: Loan Agreement (Danaos Corp)
