Common use of Agreement of the Bank Clause in Contracts

Agreement of the Bank. The Bank, relying upon each of the representations and warranties set out in Clause 2 hereby agrees with the Borrower, subject to and upon the terms and conditions of this Agreement and in particular, but without limitation, subject to the fulfilment of the conditions precedent set out in Clause 3, to consent to the amendment of the Loan Agreement as set out in Clause 5 hereof.

Appears in 3 contracts

Samples: Loan Agreement (Top Ships Inc.), Credit Agreement (Paragon Shipping Inc.), Second Supplemental Agreement (Top Ships Inc.)

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Agreement of the Bank. 3.1 The Bank, relying upon each of the representations and warranties set out in Clause 2 hereby agrees agree with the Borrower, subject to and upon the terms and conditions of this Agreement and in particular, but without limitation, subject to the fulfilment of the conditions precedent set out in Clause 34, to consent to the amendment of the Loan Principal Agreement as set out in Clause 5 hereofhereof and the Bank has agreed so to do conditionally upon terms that (inter alia) the Principal Agreement shall be amended in the manner hereinafter set out.

Appears in 2 contracts

Samples: Loan Agreement (NewLead Holdings Ltd.), Fifth Supplemental Agreement (NewLead Holdings Ltd.)

Agreement of the Bank. The Bank, relying upon each of the representations and warranties set out in Clause 2 2, hereby agrees with the Borrower and the Additional Corporate Guarantors to continue making the Loan available to the Borrower, subject to and upon the terms and conditions of this Second Supplemental Agreement and in particular, but without limitation, subject to the fulfilment of the conditions precedent set out in Clause 34, to consent and to the amendment amendments of certain terms of the terms of the Loan Agreement as set out in accordance with the terms of Clause 5 hereof5.

Appears in 2 contracts

Samples: Supplemental Agreement (EuroDry Ltd.), Supplemental Agreement (Euroseas Ltd.)

Agreement of the Bank. 2.1 The Bank, relying upon each of the representations and warranties set out on the part of the Borrower contained in Clause 2 hereby clause 4, agrees with the BorrowerBorrower that, subject to and upon the terms and conditions of this Agreement and in particular, but without limitation, subject prejudice to the generality of the foregoing, fulfilment on or before 26 March 2008 of the conditions precedent set out contained in Clause 3, to consent clause 5 the Bank agrees to the amendment of the Loan Principal Agreement as on the terms set out in Clause 5 hereofclause 3.

Appears in 1 contract

Samples: Supplemental Agreement (Top Ships Inc.)

Agreement of the Bank. The Bank, relying upon each of the representations and warranties set out in Clause 2 hereby agrees with the Borrower, subject to and upon the terms and conditions of this Agreement and in particular, but without limitation, subject to the fulfilment of the conditions precedent set out in Clause 3, to consent to the amendment of the Loan Agreement as set out in Clause 5 hereof. Further, the Bank confirms that no Event of Default had occurred as at the 31st December 2008.

Appears in 1 contract

Samples: First Supplemental Agreement (FreeSeas Inc.)

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Agreement of the Bank. The Bank, relying upon each of the representations and warranties set out in Clause 2 hereby agrees with the BorrowerBorrowers and the Corporate Guarantor, subject to and upon the terms and conditions of this Agreement and in particular, but without limitation, subject to the fulfilment of the conditions precedent set out in Clause 3, to consent to the amendment of the Loan Agreement as set out in Clause 5 hereofand confirms that upon fulfillment of the aforesaid conditions, the Security Parties shall not be in default under the terms of the Loan Agreement.

Appears in 1 contract

Samples: Loan Agreement (Freeseas Inc.)

Agreement of the Bank. 3.1 The Bank, relying upon each of the representations and warranties set out in Clause 2 hereby agrees agree with the Borrower, subject to and upon the terms and conditions of this Agreement and in particular, but without limitation, subject to the fulfilment of the conditions precedent set out in Clause 34, to consent to the amendment of the repayment schedule of the Loan and that the Principal Agreement as be amended in the manner more particularly set out in Clause 5 hereof5.1.

Appears in 1 contract

Samples: Third Supplemental Agreement (NewLead Holdings Ltd.)

Agreement of the Bank. The Bank, relying upon each of the representations and warranties set out in Clause clause 2 hereby agrees agree with the Borrower, subject to and upon the terms and conditions of this Agreement and in particular, but without limitation, subject to the fulfilment of the conditions precedent set out in Clause 3, clause 4 to consent to the amendment of the Loan Principal Agreement as and the Principal Master Agreement in the manner more particularly set out in Clause 5 hereofclause 5.1.

Appears in 1 contract

Samples: Fifth Supplemental Agreement (NewLead Holdings Ltd.)

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