Common use of Agent only obliged to pay when monies received Clause in Contracts

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Lender any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Lender until the Agent has satisfied itself that it has received that sum.

Appears in 47 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (EuroDry Ltd.)

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Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower Borrowers or any Lender any sum which the Agent is expecting to receive for remittance or distribution to the Borrower Borrowers or that Lender until the Agent has satisfied itself that it has received that sum.

Appears in 25 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Lender or the Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Lender or the Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 14 contracts

Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the any Borrower or any Lender or the Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender or the Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 12 contracts

Samples: Amending and Restating Deed (Global Ship Lease, Inc.), Loan Agreement (Diana Shipping Inc.), Second Amending and Restating Deed (Global Ship Lease, Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Lender or any Swap Counterparty any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Lender or that Swap Counterparty until the Agent has satisfied itself that it has received that sum.

Appears in 8 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Eagle Bulk Shipping Inc.), Loan Agreement (Scorpio Bulkers Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the either Borrower or any Lender any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender until the Agent has satisfied itself that it has received that sum.

Appears in 6 contracts

Samples: Loan Agreement (Castor Maritime Inc.), Loan Agreement (Castor Maritime Inc.), Loan Agreement (Navios Maritime Containers Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the any Borrower or any Lender any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender until the Agent has satisfied itself that it has received that sum.

Appears in 6 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Partners L.P.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the any Borrower or any Lender or any Swap Counterparty any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender or that Swap Counterparty until the Agent has satisfied itself that it has received that sum.

Appears in 6 contracts

Samples: Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement, Loan Agreement (Dynagas LNG Partners LP)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the either Borrower or any Lender or the Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender or the Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 5 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Diana Shipping Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Lender or any Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Lender or that Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 3 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Britannia Bulk Holdings Inc), Loan Agreement (Paragon Shipping Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or Borrower, any Lender any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Borrower, to that Lender until the Agent has satisfied itself that it has received that sum.

Appears in 3 contracts

Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Containers Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Borrower, any Lender any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Borrower, to that Lender until the Agent has satisfied itself that it has received that sum.

Appears in 2 contracts

Samples: Term Loan Facility Agreement (Navios Maritime Partners L.P.), Supplemental Agreement (Navios Maritime Containers Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Payment Agent shall not be obliged to make available to the Borrower Borrowers or any Lender Credit Party any sum which the Payment Agent is expecting to receive for remittance or distribution to the Borrower Borrowers or that Lender Credit Party until the Payment Agent has satisfied itself that it has received that sum.

Appears in 2 contracts

Samples: Loan Agreement (TBS International LTD), Loan Agreement (TBS International LTD)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Lender or either Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Lender or that Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 2 contracts

Samples: Loan Facility Agreement (Star Bulk Carriers Corp.), Loan Facility Agreement (Star Bulk Carriers Corp.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower Borrower, any Lender or any Lender Swap Counterparty any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Lender or that Swap Counterparty until the Agent has satisfied itself that it has received that sum.

Appears in 2 contracts

Samples: Amending and Restating Agreement (GasLog Partners LP), Loan Agreement (GasLog Partners LP)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Lender or any Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the Borrower Borrower, that Lender or that Lender Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower Borrowers or any Lender or any Swap Counterparty any sum which the Agent is expecting to receive for remittance or distribution to the Borrower Borrowers or that Lender or that Swap Counterparty until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the a Borrower or any Lender any sum which the Agent is expecting to receive for remittance or distribution to the a Borrower or that Lender until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Lender or the Guarantee Issuer any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Lender or the Guarantee Issuer until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan and Guarantee Facility Agreement (DryShips Inc.)

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Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Lender or a Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Lender or that Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the a Borrower or any Lender any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (Global Ship Lease, Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower Obligors, the Issuing Bank or any Lender Bank any sum which the Agent is expecting to receive for remittance or distribution to the Borrower Obligors, the Issuing Bank or that Lender Bank until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Guarantee Facility Agreement (Euronav NV)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower Borrower, any Lender or any Lender Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the Borrower Borrower, that Lender or that Lender Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Lender Credit Party any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Lender Credit Party until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (Oceanfreight Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower Borrowers or any Lender or any Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the Borrower Borrowers or that Lender or that Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (Dynagas LNG Partners LP)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the either Borrower or any Lender or any Swap Counterparty any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender or that Swap Counterparty until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the any Borrower or any Lender or the Issuing Bank or the Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender or the Issuing Bank or the Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Facility Agreement (NewLead Holdings Ltd.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower any Borrower, any Lender or any Lender Swap Counterparty any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender or that Swap Counterparty until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (GasLog Ltd.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the any Borrower or any Lender or the a Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender or the that Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Amending and Restating Agreement (Box Ships Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the any Borrower or any Lender or that Swap Counterparty any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender or that Swap Counterparty until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

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