Common use of Collateral and Guaranty Requirements Clause in Contracts

Collateral and Guaranty Requirements. On or prior to the first Initial Borrowing Date, the Collateral and Guaranty Requirements with respect to the Collateral Vessel shall have been satisfied or the Facility Agent shall have waived such requirements and/or conditioned such waiver on the satisfaction of such requirements within a specified period of time.

Collateral and Guaranty Requirements. On or prior to the first Initial each Borrowing Date, the Collateral and Guaranty Requirements with respect to the each Collateral Vessel being financed on such Borrowing Date shall have been be satisfied or the Facility Administrative Agent shall have waived such requirements (other than the Specified Requirements) and/or conditioned such waiver on the satisfaction of such requirements within a specified period of time.

Collateral and Guaranty Requirements. On or prior to the first Initial Borrowing Date, the Collateral and Guaranty Requirements with respect to the each Collateral Vessel Rig shall have been satisfied satisfied, and each Credit Document shall be in full force and effect, or the Facility Administrative Agent shall have waived such requirements and/or conditioned such waiver on the satisfaction of such requirements within a specified period of time.

Collateral and Guaranty Requirements. On or prior to the first Initial Borrowing Date, the Collateral and Guaranty Requirements with respect to the each Credit Party and each Collateral Vessel shall have been be satisfied or the Facility Agent Lenders shall have waived such requirements (other than the Specified Requirements) and/or conditioned such waiver on the satisfaction of such requirements within a specified specific period of time.

Collateral and Guaranty Requirements. On or prior to the first Initial Borrowing Date, the Collateral and Guaranty Requirements with respect to the each Collateral Vessel shall have been be satisfied or the Facility Agent Required Lenders shall have waived such requirements and/or conditioned such waiver on the satisfaction of such requirements within a specified period of time.

Collateral and Guaranty Requirements. On or prior to the first Initial Borrowing Date, the Collateral and Guaranty Requirements with respect to the each Collateral Vessel shall have been be satisfied or the Facility Agent Required Lenders shall have waived such requirements (other than the Specified Requirements) and/or conditioned such waiver on the satisfaction of such requirements within a specified period of time.