Examples of Interest Period in respect of the Loan in a sentence
However, the Agent shall have the right to adjust the length of the first Interest Period in respect of a Tranche (other than the first Tranche to be drawn down hereunder) such that it ends on the same date as any existing Interest Period in respect of the Loan.
Each Interest Period in respect of the Loan A shall be for a period of six (6) months.
In respect of an amount due to be repaid under Clause 8 on a particular Repayment Date, an Interest Period in respect of the Loan to which that Repayment Date relates shall end on that Repayment Date.
The first Interest Period in respect of the Loan shall begin on the Drawdown Date and shall end on the last day of the Interest Period selected in accordance with Clause 7.1. Any subsequent Interest Period selected in respect of the Loan shall commence on the day following the last day of its previous Interest Period and shall end on the last day of its current Interest Period selected in accordance with Clause 7.1.
Subject to paragraph (f) below, the Borrowers may select each subsequent Interest Period in respect of the Loan in a Selection Notice.
The first Interest Period in respect of the Loan shall commence on the Effective Date and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
We select a first Interest Period in respect of the Loan of [ • ] months.
Subject to paragraph (f) below and Clause 6.2 (Changes to Interest Periods), the Borrowers may select each subsequent Interest Period in respect of the Loan in a Selection Notice.
Clause 5.3.1 Subject to the other provisions of this Clause 5, the Borrower may give notice to the Agent to be received by the Agent not later than 9.00 a.m. London time five (5) Business Days prior to the commencement of each Pre-Redelivery Interest Period in respect of a Portion or part thereof or Interest Period in respect of the Loan (prior to the Conversion Date) or the Delayed Principal Amount, specifying whether that interest period is to be of three (3) or six (6) months’ duration.
If the Borrower makes that election then a proportion of the Loan equal to the amount to be so applied in prepayment of the Loan will be due and payable on the last day of the current Interest Period in respect of the Loan (as at the date of such election).