Commencement of Interest Periods. The first Interest Period applicable to the Loan shall commence on the Drawdown Date relative to Tranche A and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 3 contracts
Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)
Commencement of Interest Periods. The first Interest Period applicable to the Loan shall commence commenced on the Drawdown Date relative to Tranche A 19 July 2013 and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 2 contracts
Samples: Loan Agreement (GasLog Partners LP), Loan Agreement
Commencement of Interest Periods. The first Interest Period applicable to for the Loan shall commence start on the Drawdown Utilisation Date relative to Tranche A and end on the last day of the current calendar quarter and each subsequent Interest Period shall commence start on the expiry last day of the preceding Interest Period.
Appears in 2 contracts
Samples: Assignment Agreement (Global Ship Lease, Inc.), Junior Facility Agreement (Global Ship Lease, Inc.)
Commencement of Interest Periods. The first Interest Period applicable to the Loan shall commence on the Drawdown Effective Date relative to Tranche A and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 1 contract
Samples: Second Lien Loan Agreement (Eagle Bulk Shipping Inc.)
Commencement of Interest Periods. The first Interest Period applicable to an Advance, a Tranche or, as the case may be, the Loan shall commence on the relevant Drawdown Date relative to Tranche A and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 1 contract
Samples: Loan Agreement (Danaos Corp)
Commencement of Interest Periods. The first Interest Period applicable to the for each Loan shall commence on the Drawdown Date relative to Tranche A in respect thereof and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 1 contract
Samples: Loan and Guarantee Facility Agreement (DryShips Inc.)
Commencement of Interest Periods. The first Interest Period applicable to the Loan shall commence on the first Drawdown Date relative to Tranche A and end on the last day of the period selected by the Borrowers in accordance with the provisions of Section 6.2 and each subsequent Interest Period shall commence on the expiry of the immediately preceding Interest Period.
Appears in 1 contract
Commencement of Interest Periods. The first Interest Period applicable to the Loan shall commence on the Drawdown Date relative to Tranche A and each subsequent Interest Period shall commence on the expiry last day of the preceding Interest Period.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
Commencement of Interest Periods. The first Interest Period applicable to the Loan shall commence on the Drawdown Date relative to Tranche A in respect of the Loan and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.
Appears in 1 contract
