Common use of Amount of facility Clause in Contracts

Amount of facility. Subject to the other provisions of this Agreement, the Lenders shall make available to the Borrowers a loan facility, in three Tranches, (originally)not exceeding the lesser of (a) $100,000,000 and (b) 55 per cent. of the aggregate of the Initial Market Values of the Ships, one Tranche in respect of each Ship.

Amount of facility. Subject to the other provisions of this Agreement, the Lenders shall make available to the Borrowers a term loan facility, in three Tranches, (originally)not facility not exceeding the lesser of (ai) $100,000,000 and the aggregate of (bA) 55 40 per cent. of the aggregate of the Initial Market Values of the Ships, one Tranche in respect Identified Ships and (B) 35 per cent. of each Shipthe aggregate Initial Market Values of the Additional Ships and (ii) $166,100,000.

Amount of facility. Subject to the other provisions of this Agreement, the Lenders shall make available to the Borrowers a loan facility, in three Tranches, (originally)not not exceeding the lesser of (a) $100,000,000 and (b) 55 per cent. of the aggregate of the Initial Market Values of the Ships, one Tranche in respect of each Ship.

Amount of facility. Subject to the other provisions of this Agreement, the Lenders shall make available to the Borrowers a loan facilityBorrowers, in three Tranchesone advance, (originally)not exceeding a term loan facility of up to the lesser of (ai) $100,000,000 55,848,000, (ii) the Existing Indebtedness and (biii) 55 65 per cent. of the aggregate Initial Market Value of the Initial Market Values Ships for the purpose of re-financing the Ships, one Tranche in respect of each ShipExisting Indebtedness.

Amount of facility. Subject to the other provisions of this Agreement, the Lenders shall make available to the Borrowers a loan facilityBorrowers, in three Tranchesone advance, (originally)not exceeding a term loan facility of up to the lesser of (ai) $100,000,000 110,000,000 and (bii) 55 65 per cent. of the aggregate of the Initial Market Values of the Ships, one Tranche in respect Ships for the purpose of each Shipre­financing the relevant Existing Indebtedness secured on the Existing Ships and for general corporate and working capital purposes of the Borrowers.

Amount of facility. Subject to the other provisions of this Agreement, the Lenders shall make available to the Borrowers a loan facility, in three two Tranches, (originally)not exceeding not exceeding, in aggregate, an amount equal to the lesser of (a) $100,000,000 31,000,000 and (b) 55 75 per cent. of the aggregate of the Initial Market Values Value of the Ships, one Tranche in respect of each Ship.