Common use of Conditions Precedent re Delivery Advances Clause in Contracts

Conditions Precedent re Delivery Advances. The obligation of the Lenders to make each Advance in respect of a Tranche available to the Borrowers under this Agreement shall be expressly and separately subject to the following further conditions precedent on the relevant Drawdown Date:

Appears in 1 contract

Samples: Senior Secured Term Credit Facility Agreement (Top Ships Inc.)

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Conditions Precedent re Delivery Advances. The obligation of the Lenders to make each Advance in respect of a Tranche available to the Borrowers under this Agreement shall be expressly and separately subject to the following further conditions precedent on the relevant Drawdown Date:

Appears in 1 contract

Samples: Credit Facility Agreement (Top Tankers Inc.)

Conditions Precedent re Delivery Advances. The obligation of the Lenders to make each any Delivery Advance in respect of a Tranche available to the Borrowers a Borrower under this Agreement shall be expressly and separately subject to the following further conditions precedent on the relevant Drawdown Date:

Appears in 1 contract

Samples: Secured Credit Facility Agreement (Teekay Shipping Corp)

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Conditions Precedent re Delivery Advances. The obligation of the Lenders to make each Advance in respect of a Tranche available to the Borrowers Borrower under this Agreement shall be expressly and separately subject to the following further conditions precedent on the relevant Drawdown Date:

Appears in 1 contract

Samples: Credit Facility Agreement (Top Tankers Inc.)

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