Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that: (a) a partial prepayment shall be $500,000 or a multiple of $500,000; (b) the Lender has received from the Borrowers at least 5 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and (c) the Borrowers have provided evidence satisfactory to the Lender that any consent required by the Borrowers or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect the Borrowers or any Security Party has been complied with.
Appears in 3 contracts
Samples: Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.), Loan Agreement (Oceanfreight Inc.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 or a multiple of $500,000;
(b) the Lender has received from the Borrowers at least 5 10 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have provided evidence satisfactory to the Lender that any consent required by the Borrowers or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect the Borrowers or any Security Party has been complied with.
Appears in 3 contracts
Samples: Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 or a multiple of $500,000;
(b) the Lender has received from the Borrowers at least 5 Business Days’ days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have provided evidence satisfactory to the Lender that any consent required by the Borrowers any Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect the Borrowers affects any Borrower or any Security Party has been complied with.
Appears in 3 contracts
Samples: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be in an amount of $500,000 or a higher integral multiple of $500,000thereof;
(b) the Lender has received from the Borrowers Borrower at least 5 Business Days30 days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
Appears in 2 contracts
Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Cosmo Llc.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.4 are that:
(a) a partial prepayment shall be $500,000 1,000,000 or a multiple of $500,0001,000,000;
(b) the Lender Agent has received from the Borrowers Borrower at least 5 15 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation requirement relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
Appears in 2 contracts
Samples: Loan Agreement (GasLog Ltd.), Loan Agreement (GasLog Ltd.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 1,000,000 or a multiple of $500,000thereof or any other amount mutually agreed between the Borrower and the Lender;
(b) the Lender has received from the Borrowers Borrower at least 5 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and;
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers Borrower or any other Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any other Security Party has been complied with.
Appears in 2 contracts
Samples: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.4 are that:
(a) a partial prepayment shall be a minimum of $500,000 1,000,000 or a higher multiple of $500,0001,000,000;
(b) the Lender Agent has received from the Borrowers Borrower at least 5 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and;
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
Appears in 2 contracts
Samples: Amending and Restating Agreement, Amending and Restating Agreement (Golar LNG Partners LP)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.3 are that:
(a) a partial prepayment shall be $500,000 1,000,000 or a an integral multiple of $500,0001,000,000;
(b) the Lender Agent has received from the Borrowers Borrower at least 5 Business Days10 days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation requirement relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
Appears in 2 contracts
Samples: Loan Agreement (Crude Carriers Corp.), Loan Agreement (Crude Carriers Corp.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.2 are that:
(a) a partial prepayment shall be $500,000 600,000 or a multiple of $500,000600,000;
(b) the Lender Agent has received from the Borrowers Borrower at least 15 days’ (or 5 Business Daysdays’ in the case of prepayments made from amounts on deposit in the Collateral Account) prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
Appears in 2 contracts
Samples: Loan Agreement (Britannia Bulk PLC), Loan Agreement (Britannia Bulk Holdings Inc)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.3 are that:
(a) a partial prepayment shall be at least $500,000 5,000,000 or a higher integral multiple of $500,0005,000,000;
(b) any prepayment shall be applied pro rata against each outstanding instalment.
(c) the Lender Agent has received from the Borrowers Borrower at least 5 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(cd) the Borrowers have Borrower has provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
Appears in 1 contract
Samples: Loan and Guarantee Facility Agreement (DryShips Inc.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.4 are that:
(a) a partial prepayment shall be $500,000 3,000,000 or a an integral multiple of $500,0001,000,000;
(b) the Lender Agent has received from the Borrowers at least 5 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and;
(c) the Borrowers have provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers any Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation requirement relevant to this Agreement which affect affects the Borrowers or any Security Party has been complied with; and
(d) the Borrowers have complied with Clause 8.12 on or prior to the date of prepayment.
Appears in 1 contract
Samples: Loan Agreement (GasLog Ltd.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be in an amount of $500,000 or a higher integral multiple of $500,000thereof;
(b) the Lender has received from the Borrowers Borrower at least 5 Business Days’ 30 days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
Appears in 1 contract
Samples: Amending and Restating Agreement (Star Bulk Carriers Corp.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 7.3 are that:
(a) a partial prepayment shall be $500,000 or a multiple in an amount of $500,0001,000,000 or an integral multiple thereof;
(b) the Lender has received from the Borrowers Borrower at least 5 Business Days15 days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 or a whole multiple of $500,000;
(b) the Lender has received from the Borrowers Borrower at least 5 Business Days’ 7 days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and;
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers Borrower or any other Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any other Security Party has been complied with.
Appears in 1 contract
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 or a multiple of $500,000;
(b) the Lender has received from the Borrowers Borrower at least 5 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
Appears in 1 contract
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.4 are that:
(a) a partial prepayment shall be $500,000 3,000,000 or a higher integral multiple of $500,0001,000,000;
(b) the Lender Agent has received from the Borrowers Borrower at least 5 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and;
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation requirement relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with; and
(d) the Borrower has complied with Clause 8.15 on or prior to the date of prepayment.
Appears in 1 contract
Samples: Loan Agreement (GasLog Partners LP)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.5 are that:
(a) a partial prepayment shall be in an amount not less than $500,000 or a an integral multiple of $500,000thereof;
(b) the Lender Agent has received from the Borrowers Borrower at least 5 10 Business Days’ ' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are thatthat :
(a) a partial prepayment shall be in an amount not less than $500,000 or a higher integral multiple of $500,000thereof;
(b) the Lender has received from the Borrowers Borrower at least 5 Business Days’ ' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any official regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 or a multiple of $500,000;
(b) the Lender has received from the Borrowers at least 5 Business Days’ 15 days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have provided evidence satisfactory to the Lender that any consent required by the Borrowers any Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect the Borrowers affects any Borrower or any Security Party has been complied with.
Appears in 1 contract
Samples: Loan Agreement (StealthGas Inc.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 100,000 or a multiple of $500,000thereof or any other amount mutually agreed between the Borrower and the Lender;
(b) the Lender has received from the Borrowers Borrower at least 5 Business Days10 days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and;
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers Borrower or any other Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any other Security Party has been complied with.
Appears in 1 contract
Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.4 are that:
(a) a partial prepayment shall be $500,000 1,000,000 or a higher integral multiple of $500,0001,000,000;
(b) the Lender Agent has received from the Borrowers Borrower at least 5 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation requirement relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be One hundred thousand Dollars ($500,000 100,000) or a multiple of One hundred thousand Dollars ($500,000100,000);
(b) the Lender has received from the Borrowers Borrower at least 5 Business Days’ 15 days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
Appears in 1 contract
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 or a multiple of $500,000;
(b) the Lender has received from the Borrowers at least 5 Business Days’ ' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and;
(c) the Borrowers have provided evidence satisfactory to the Lender that any consent required by the Borrowers any Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect the Borrowers affects any Borrower or any Security Party has been complied with; and
(d) that the Borrowers have complied with Clause 7.11 on or prior to the date of prepayment.
Appears in 1 contract
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 9.5 are that:
(a) a partial prepayment shall be $500,000 1,000,000 or a higher integral multiple of $500,0001,000,000;
(b) the Lender Agent has received from the Borrowers Borrower at least 5 Business Days(at any time during the Moratorium Period) or 15 (at any time thereafter) days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and;
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect the Borrowers or any Security Party has been complied with.
Appears in 1 contract
Samples: Loan Agreement (Danaos Corp)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 or a multiple of $500,000;
(b) the Lender has received from the Borrowers Borrower at least 5 10 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and;
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with; and
(d) (if applicable) the Borrower shall pay the Prepayment Fee on the Fee Payment Date in accordance with Clause 7.11.
Appears in 1 contract
Samples: Loan Agreement (Poseidon Containers Holdings Corp.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.4 are that:
(a) a partial prepayment shall be $500,000 250,000 or a higher integral multiple of $500,000250,000;
(b) the Lender Agent has received from the Borrowers at least 5 Business Days’ 7 days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and;
(c) the Borrowers have provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers either Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect the Borrowers affects either Borrower or any Security Party has been complied with; and
(d) the Borrowers have complied with Clause 8.12 on or prior to the date of prepayment.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 7.46.4 are that:
(a) a partial prepayment shall be $500,000 or a multiple of $500,000;
(b) the Lender has received from the Borrowers Borrower at least 5 101 Business Days’ Days'Day's prior written notice specifying the amount to be prepaid and and, the date on which the prepayment is to be mademade and, as the case may be, the details of the Borrower's account to be debited with the amount to be prepaid; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect the Borrowers Borrower or any Security Party has been complied with.
Appears in 1 contract
Samples: Fourth Amending and Restating Agreement (DryShips Inc.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.5 are that:
(a) a partial prepayment shall be $500,000 4,000,000 or a higher integral multiple of $500,0004,000,000;
(b) the Lender Agent has received from the Borrowers Borrower at least 5 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation requirement relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
Appears in 1 contract
Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.3 are that:
(a) a partial prepayment shall be $500,000 or a multiple in an amount of $500,0001,000,000 or an integral multiple thereof;
(b) the Lender Agent has received from the Borrowers Borrower at least 5 Business Days’ 15 days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 or a higher integral multiple of $500,000;
(b) the Lender has received from the Borrowers at least 5 Business Days15 days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have provided evidence satisfactory to the Lender that any consent required by the Borrowers any Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect the Borrowers affects any Borrower or any Security Party has been complied with.
Appears in 1 contract
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are thatare:
(a) that a partial prepayment shall be $500,000 250,000 or a an integral multiple of $500,000thereof;
(b) that the Lender has received from the Borrowers Borrower at least 5 Business Days’ 10 days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and;
(c) that the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
Appears in 1 contract
Samples: Loan Agreement (Euroseas Ltd.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 250,000 or a higher integral multiple of $500,000250,000;
(b) the Lender has received from the Borrowers at least 5 15 Business Days’ ' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and;
(c) the Borrowers have provided evidence satisfactory to the Lender that any consent required by the Borrowers either Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect the Borrowers affects either Borrower or any Security Party has been complied with.
Appears in 1 contract
Samples: Loan Agreement (Mc Shipping Inc)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.5 are that:
(a) a partial prepayment shall be $500,000 or a higher integral multiple of $500,000;
(b) the Lender Agent has received from the Borrowers at least 5 Business Days’ 3 days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and;
(c) the Borrowers have provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers any Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect the Borrowers affects any Borrower or any Security Party has been complied with; and
(d) the Borrowers have complied with Clause 8.13 on or prior to the date of prepayment.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 200,000 or a an integral multiple of $500,000thereof;
(b) the Lender has received from the Borrowers Borrower at least 5 Business Days’ 10 days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and;
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
Appears in 1 contract
Samples: Loan Agreement (Euroseas Ltd.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.4 are that:
(a) a partial prepayment shall be $500,000 1,000,000 or a multiple of $500,000;1,000,000
(b) the Lender Agent has received from the Borrowers at least 5 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers or any of them or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect the Borrowers affects a Borrower or any Security Party has been complied with.;
Appears in 1 contract
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.4 are that:
(a) a partial prepayment shall be $500,000 5,000,000 or a higher integral multiple of $500,0001,000,000;
(b) the Lender Agent has received from the Borrowers Borrower at least 5 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and;
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with; and
(d) the Borrower has complied with Clause 8.12 on or prior to the date of prepayment.
Appears in 1 contract
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.4 are that:
(a) a partial prepayment shall be $500,000 1,000,000 or a multiple of $500,000;1,000,000
(b) the Lender Agent has received from the Borrowers at least 5 Business Days’ ' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers or any of them or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect the Borrowers affects a Borrower or any Security Party has been complied with.;
Appears in 1 contract
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.4 are that:
(a) a partial prepayment shall be $500,000 250,000 or a multiple of $500,000250,000;
(b) the Lender Agent has received from the Borrowers Borrower at least 5 Business Daysdays’ prior written notice specifying the amount to be prepaid and prepaid, the date on which the prepayment is to be made; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers it or any Security Party in connection with the prepayment has been obtained and remains in force, and that any official regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 250,000 or a multiple of $500,000250,000;
(b) the Lender has received from the Borrowers Borrower at least 5 Business Days15 days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and;
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, force and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
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Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 775,000 or a multiple of $500,000775,000;
(b) the Lender has received from the Borrowers Borrower at least 5 Business Days15 days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and;
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, force and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
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Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.3 are that:
(a) a partial prepayment shall be $500,000 250,000 or a higher integral multiple of $500,000250,000;
(b) the Lender Agent has received from the Borrowers at least 5 15 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers any Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect the Borrowers affects any Borrower or any Security Party has been complied with.
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Samples: Loan Agreement (Mc Shipping Inc)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 200,000 or a an integral multiple of $500,000thereof;
(b) the Lender has received from the Borrowers Borrower at least 5 Business Days’ 10 days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
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Samples: Loan Agreement (Euroseas Ltd.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 or a multiple of $500,000;
(b) the Lender has received from the Borrowers Borrower at least 5 Business Days15 days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
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Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 or a multiple of $500,000;
(b) the Lender has received from the Borrowers Borrower at least 5 10 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect the Borrowers Borrower or any Security Party has been complied with.
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Samples: Loan Agreement (DryShips Inc.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.5 are that:
(a) a partial prepayment shall be $500,000 1,000,000 or a multiple of $500,000;1,000,000
(b) the Lender Agent has received from the Borrowers at least 5 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers or any of them or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect the Borrowers affects a Borrower or any Security Party has been complied with.;
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Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 100,000 or a an integral multiple of $500,000100,000 or any other amount as the Lender may agree with the Borrowers;
(b) the Lender has received from the Borrowers at least 5 Business Days’ 10 days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have provided evidence satisfactory to the Lender that any consent required by the Borrowers any Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect the Borrowers affects any Borrower or any Security Party has been complied with.
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Samples: Loan Agreement (EuroDry Ltd.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.4 are that:
(a) a partial prepayment shall be $500,000 or a higher integral multiple of $500,000;
(b) the Lender Agent has received from the Borrowers at least 5 Business Days’ 3 days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and;
(c) the Borrowers have provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers any Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect the Borrowers affects any Borrower or any Security Party has been complied with; and
(d) the Borrowers have complied with Clause 8.12 on or prior to the date of prepayment.
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Samples: Loan Agreement (Diana Shipping Inc.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 100,000 or a multiple of $500,000100,000;
(b) the Lender has received from the Borrowers Borrower at least 5 Business Days10 days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers or any Security Party Borrower in connection with the prepayment has been obtained and remains in force, and that any requirement or regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
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Samples: Loan Agreement (StealthGas Inc.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 or a multiple of $500,000;
(b) the Lender has received from the Borrowers at least 5 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have provided evidence satisfactory to the Lender that any consent required by the Borrowers or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers or any Security Party has been complied with.
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Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 8.4 are that:
(a) a partial prepayment shall be $500,000 or a an integral multiple of $500,000;
(b) the Lender Agent has received from the Borrowers at least 5 3 Business Days’ ' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and;
(c) the Borrowers have provided evidence satisfactory to the Lender Agent that any consent required by the Borrowers any Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any official regulation relevant to this Agreement which affect the Borrowers affects any Borrower or any Security Party has been complied with; and
(d) the Borrowers have complied with Clause 8.12 on or prior to the date of prepayment.
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Samples: Loan Agreement (Top Ships Inc.)
Conditions for voluntary prepayment. The conditions referred to in Clause 7.4 are that:
(a) a partial prepayment shall be $500,000 250,000 or a multiple of $500,000250,000;
(b) the Lender has received from the Borrowers Borrower at least 5 Business Days’ days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made; and
(c) the Borrowers have Borrower has provided evidence satisfactory to the Lender that any consent required by the Borrowers Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any regulation relevant to this Agreement which affect affects the Borrowers Borrower or any Security Party has been complied with.
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Samples: Loan Agreement (StealthGas Inc.)