Payment of normal interest. Subject to Clause 5.3 and the other provisions of this Agreement, interest on each Tranche or the Loan in respect of each Interest Period applicable thereto shall be paid by the Borrowers on the last day of that Interest Period.
Appears in 2 contracts
Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Poseidon Containers Holdings Corp.)
Payment of normal interest. Subject to Clause 5.3 and the other provisions of this Agreement, interest on each Tranche or the Loan Advance in respect of each Interest Period applicable thereto shall be paid by the Borrowers on the last day of that Interest Period.
Appears in 2 contracts
Samples: Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Scorpio Tankers Inc.)
Payment of normal interest. Subject to Clause 5.3 and the other provisions of this Agreement, interest on each the Tranche or the Loan in respect of each Interest Period applicable thereto shall be paid by the Borrowers on the last day of that Interest Period.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Global Ship Lease, Inc.)
Payment of normal interest. Subject to Clause 5.3 and the other provisions of this Agreement, the Borrowers shall pay interest on each Tranche or the Loan in respect of each Interest Period applicable thereto shall be paid by the Borrowers subject to Clause 5.3, on the last day of that Interest Period.
Appears in 1 contract
Samples: Dynagas LNG Partners LP
Payment of normal interest. Subject to Clause 5.3 and the other provisions of this Agreement, interest on each the Tranche or the Loan in respect of each Interest Period applicable thereto shall be paid by the Borrowers on the last day of that Interest Period.
Appears in 1 contract
