Common use of Agreement to Lend Clause in Contracts

Agreement to Lend. The Banks, relying upon each of the representations and warranties in clause 7, agree to lend to the Borrowers, jointly and severally, upon and subject to the terms of this Agreement, the principal sum of up to Twenty six million two hundred and fifty thousand Dollars ($26,250,000) in up to eighteen (18) Advances comprising three (3) Tranches, namely, the Eton Tranche, the Benmore Tranche and the Xxxxxx Tranche. The obligation of each Bank under this Agreement shall be to contribute that proportion of each Advance which, as at the Drawdown Date of such Advance, its Commitment bears to the Total Commitment.

Appears in 2 contracts

Samples: Third Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)

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Agreement to Lend. The Banks, relying upon each of the representations and warranties in clause 7, agree to lend to the Borrowers, jointly and severally, upon and subject to the terms of this Agreement, the principal sum of up to Twenty six Sixty four million two seven hundred and fifty thousand Dollars ($26,250,00064,750,000) in up to eighteen forty two (1842) Advances comprising three seven (37) Tranches, namely, the Eton Tranche, the Benmore Tranche and the Xxxxxx Tranche. The obligation of each Bank under this Agreement shall be to contribute that proportion of each Advance which, as at the Drawdown Date of such Advance, its Commitment bears to the Total Commitment.

Appears in 2 contracts

Samples: Ninth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)

Agreement to Lend. The Banks, relying upon each of the representations and warranties in clause 7, agree to lend to the Borrowers, jointly and severally, upon and subject to the terms of this Agreement, the principal sum of up to Twenty six million two One hundred and fifty sixty seven million eight hundred thousand Dollars ($26,250,000167,800,000) in up to eighteen (18) Advances comprising three (3) Tranches, namely, the Eton Tranche, the Benmore Tranche and the Xxxxxx Tranchea single drawdown. The obligation of each Bank under this Agreement shall be to contribute that proportion of each Advance the Loan which, as at the Drawdown Date of such AdvanceDate, its Commitment bears to the Total Commitment.

Appears in 1 contract

Samples: Loan Agreement (Golden Energy Marine Corp.)

Agreement to Lend. The Banks, relying upon each of the representations and warranties in clause 7, agree to lend to the Borrowers, jointly and severally, in two (2) Tranches and upon and subject to the terms of this Agreement, the aggregate principal sum of up to Twenty six Eighty five million two hundred and fifty thousand Dollars ($26,250,000) in up to eighteen (18) Advances comprising three (3) Tranches, namely, the Eton Tranche, the Benmore Tranche and the Xxxxxx Tranche85,000,000). The obligation of each Bank under this Agreement shall be to contribute that proportion of each Tranche or (as the case may be) Advance which, as at the Drawdown Date of such Tranche or, as the case may be, Advance, its such Bank’s Commitment bears to the Total Commitment.

Appears in 1 contract

Samples: Loan Agreement (Diana Containerships Inc.)

Agreement to Lend. The Banks, relying upon each of the representations and warranties in clause 7, agree to lend to the Borrowers, jointly and severally, in two (2) Advances and upon and subject to the terms of this Agreement, the aggregate principal sum of up to Twenty six Seventy million two hundred and fifty thousand Dollars ($26,250,000) in up to eighteen (18) Advances comprising three (3) Tranches, namely, the Eton Tranche, the Benmore Tranche and the Xxxxxx Tranche70,000,000). The obligation of each Bank under this Agreement shall be to contribute that proportion of each Advance which, as at the Drawdown Date of such Advance, its such Bank’s Commitment bears to the Total Commitment.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Agreement to Lend. The Banks, relying upon each of the representations and warranties in clause 7, agree to lend to the Borrowers, jointly and severally, upon and subject to clause 2.5 and other terms of this Agreement in three (3) Advances upon and subject to the terms of this Agreement, Agreement the principal sum of up to Twenty six thirty five million two hundred and fifty thousand Dollars ($26,250,000) in up to eighteen (18) Advances comprising three (3) Tranches, namely, the Eton Tranche, the Benmore Tranche and the Xxxxxx Tranche35,000,000). The obligation of each Bank under this Agreement shall be to contribute that proportion of each Advance which, as at the Drawdown Date of such Advance, its Commitment bears to the Total Commitmentaggregate Commitment of all of the Banks.

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Agreement to Lend. The Banks, relying upon each of the representations and warranties in clause 7, agree to lend to the Borrowers, jointly and severally, in two (2) Advances and upon and subject to the terms of this Agreement, the aggregate principal sum of up to Twenty Eighty two million six million two hundred and fifty thousand Dollars ($26,250,000) in up to eighteen (18) Advances comprising three (3) Tranches, namely, the Eton Tranche, the Benmore Tranche and the Xxxxxx Tranche82,600,000). The obligation of each Bank under this Agreement shall be to contribute that proportion of each Advance which, as at the Drawdown Date of such Advance, its such Bank's Commitment bears to the Total Commitment.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Agreement to Lend. The BanksBank, relying upon each of the representations and warranties in clause 7, agree agrees to lend advance by way of loan to the Borrowers, jointly and severally, upon and subject to the terms of this Agreement, the principal sum of up to Twenty six one million two five hundred and fifty thousand Dollars ($26,250,00021,500,000) in up to eighteen four (184) Advances comprising three (3) Tranches, namely, the Eton Tranche, the Benmore Tranche and the Xxxxxx Tranche. The obligation of each Bank under this Agreement shall be to contribute that proportion of each Advance which, as at the Drawdown Date of such Advance, its Commitment bears to the Total CommitmentAdvances.

Appears in 1 contract

Samples: Junior Loan Agreement (FreeSeas Inc.)

Agreement to Lend. The Banks, relying upon each of the representations and warranties in clause 7, agree to lend to the Borrowers, jointly and severallyBorrower, upon and subject to the terms of this Agreement, the principal sum of up to Twenty six Sixteen million two one hundred and fifty twenty five thousand Dollars ($26,250,000) in up to eighteen (18) Advances comprising three (3) Tranches, namely, the Eton Tranche, the Benmore Tranche and the Xxxxxx Tranche16,125,000). The obligation of each Bank under this Agreement shall be to contribute that proportion of each Advance the Loan which, as at the Drawdown Date of such AdvanceDate, its Commitment bears to the Total Commitment.,

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

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Agreement to Lend. The Banks, relying upon each of the representations and warranties in clause 7, agree to lend to the Borrowers, jointly and severallyBorrower, upon and subject to the terms of this Agreement, the principal sum of up to Twenty six Thirty two million two three hundred and fifty twelve thousand five hundred Dollars ($26,250,000) in up to eighteen (18) Advances comprising three (3) Tranches, namely, the Eton Tranche, the Benmore Tranche and the Xxxxxx Tranche32,312,500). The obligation of each Bank under this Agreement shall be to contribute that proportion of each Advance the Loan which, as at the Drawdown Date of such AdvanceDate, its Commitment bears to the Total Commitment.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Agreement to Lend. The Banks, relying upon each of the representations and warranties in clause 7, agree to lend to the Borrowers, jointly and severally, in two (2) Advances upon and subject to the terms of this Agreement, Agreement the aggregate principal sum of up to Twenty six One hundred and one million two one hundred and fifty thousand Dollars ($26,250,000) in up to eighteen (18) Advances comprising three (3) Tranches, namely, the Eton Tranche, the Benmore Tranche and the Xxxxxx Tranche101,150,000). The obligation of each Bank under this Agreement shall be to contribute that proportion of each Advance which, as at the Drawdown Date of such Advance, its such Bank’s Commitment bears to the Total Commitment.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Agreement to Lend. The Banks, relying upon each of the representations and warranties in clause 7, agree to lend to the Borrowers, jointly and severally, upon and subject to the terms of this Agreement, the principal sum of up to Twenty six million two One hundred and fifty thousand thirty Five million Dollars ($26,250,000135,000,000) in up to eighteen ten (1810) Advances comprising three two (32) Tranches, namely, the Eton Tranche, the Benmore Fontvieille Tranche and the Xxxxxx Moneghetti Tranche. The obligation of each Bank under this Agreement shall be to contribute that proportion of each Advance which, as at the Drawdown Date of such Advance, its Commitment bears to the Total Commitment.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Agreement to Lend. The Banks, relying upon each of the representations and warranties in clause 7, agree to lend to the Borrowers, jointly and severally, upon and subject to the terms of this Agreement, the principal sum of up to Twenty six Forty one million two one hundred and fifty thousand Dollars ($26,250,00041,100,000) in up to eighteen two (182) Advances comprising three (3) Tranches, namely, the Eton Tranche, the Benmore Tranche and the Xxxxxx TrancheAdvances. The obligation of each Bank under this Agreement shall be to contribute that proportion of each Advance which, as at the Drawdown Date of such Advance, its Commitment bears to the Total Commitment.

Appears in 1 contract

Samples: Loan Agreement (Quintana Shipping Ltd.)

Agreement to Lend. The Banks, relying upon each of the representations and warranties in clause 7, agree to lend to the Borrowers, jointly and severally, in two (2) Advances and upon and subject to the terms of this Agreement, the principal sum of up to Twenty six million two four hundred and fifty thousand Dollars ($26,250,000) in up to eighteen (18) Advances comprising three (3) Tranches, namely, the Eton Tranche, the Benmore Tranche and the Xxxxxx Tranche26,450,000). The obligation of each Bank under this Agreement shall be to contribute that proportion of each Advance which, as at the Drawdown Date of such Advance, its such Bank's Commitment bears to the Total Commitment.

Appears in 1 contract

Samples: Supplemental Agreement (Diana Shipping Inc.)

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