Common use of Amount of facilities Clause in Contracts

Amount of facilities. Subject to the other provisions of this Agreement, the Lenders shall make available to the Borrower revolving credit and term loan facilities not exceeding $370,000,000 in aggregate at any time. The revolving credit facility shall initially be made available in three Tranches as follows: (a) Tranche A shall be in an amount not exceeding $60,000,000; (b) Tranche B shall be in an amount not exceeding $224,000,000; (c) Tranche C shall be in an amount not exceeding $86,000,000; and (d) Tranche A may be drawn in up to two Advances, Tranche B may be drawn in up to four Advances and Tranche C may be drawn in up to three Advances.

Amount of facilities. Subject to the other provisions of this Agreement, the Lenders shall make available to the Borrower revolving credit and term loan facilities not exceeding $370,000,000 350,000,000 in aggregate at any time. The revolving credit facility shall initially be made available in three Tranches as follows: (a) Tranche A shall be in an amount not exceeding $60,000,00057,500,000; (b) Tranche B shall be in an amount not exceeding $224,000,00052,500,000; (c) Tranche C shall be in an amount not exceeding $86,000,000240,000,000; andand Index (d) Tranche A and Tranche B may each be drawn in up to two Advances, Tranche B may be drawn in up to four Advances each and Tranche C may be drawn in up to three multiple Advances, with each Additional Ship (or the acquisition of the shares in an Additional Ship Owner) being part-financed by not more than one Advance.

Amount of facilities. Subject to the other provisions of this Agreement, the Lenders shall make available to the Borrower revolving credit and term loan facilities not exceeding $370,000,000 350,000,000 in aggregate at any time. The revolving credit facility shall initially be made available in three Tranches as follows: (a) Tranche A shall be in an amount not exceeding $60,000,00057,500,000; (b) Tranche B shall be in an amount not exceeding $224,000,00052,500,000; (c) Tranche C shall be in an amount not exceeding $86,000,000240,000,000; and (d) Tranche A and Tranche B may each be drawn in up to two Advances, Tranche B may be drawn in up to four Advances each and Tranche C may be drawn in up to three multiple Advances, with each Additional Ship (or the acquisition of the shares in an Additional Ship Owner) being part-financed by not more than one Advance.