Amount of facility. Subject to the other provisions of this Agreement, the Lenders severally agree to make available to the Borrowers a loan facility in the principal amount of up to the lesser of $40,000,000 or 65% of the aggregate Fair Market Value of the Ships as of the date of this Agreement.
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Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Quartet Holdco Ltd.)
Amount of facility. Subject to the other provisions of this Agreement, the Lenders severally agree to make available to the Borrowers Borrowers, on a joint and several basis, a loan facility in the principal amount of up to the lesser of $40,000,000 or 6575,000,000 and 59% of the aggregate Fair Market Value of the Ships as of the date of this AgreementShips.
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Samples: Loan Agreement (TBS International LTD), Loan Agreement (TBS International LTD)
Amount of facility. Subject to the other provisions of this Agreement, the Lenders severally agree to shall make available to the Borrowers a loan facility in the principal amount of up to the lesser of (i) $40,000,000 or 65% 30,000,000 and (ii) thirty per cent. (30%) of the aggregate Fair Market Value market value (determined in accordance with Clause 15.3) of the Ships as of available to the date of this AgreementBorrower.
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Samples: Loan Agreement (Britannia Bulk PLC), Loan Agreement (Britannia Bulk Holdings Inc)
Amount of facility. Subject to the other provisions of this Agreement, the Lenders severally agree to make available to the Borrowers a secured term loan facility in the principal amount of up to the lesser of $40,000,000 or 6545,000,000 and 67.5% of the aggregate Fair Market Value of the Ships as of the date of this AgreementShips.
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Amount of facility. Subject to the other provisions of this Agreement, the Lenders severally agree to make available to the Borrowers Borrower a loan facility in the aggregate principal amount of up to the lesser of $40,000,000 275,000,000 or 6535% of the aggregate Fair Market Value of the Ships as of the date of this Agreement.follows:
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Amount of facility. Subject to the other provisions of this Agreement, the Lenders severally agree to shall make available to the Borrowers a loan facility in the principal an amount of up to the lesser of (i) $40,000,000 or 6530,000,000 and (ii) an amount equal to 45% of the aggregate Fair Market Value of the Ships as of to be determined no more than one month prior to the date of this AgreementDrawdown Date in one advance.
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Amount of facility. Subject to the other provisions of this Agreement, the Lenders severally agree to make available to the Borrowers Borrower a loan facility in the principal amount of up to the lesser of $40,000,000 or 6528,600,000 and 55% of the aggregate Fair Market Value of the Ships as of the date of this AgreementShip.
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Amount of facility. Subject to the other provisions of this Agreement, the Lenders severally agree to make available to the Borrowers Borrower a secured term loan facility in the principal amount of up to the lesser of $40,000,000 or 6521,500,000 and 70% of the aggregate Fair Market Value of the Ships Ship, as of the date of this Agreementdetermined per Schedule 4, Part B(5).
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