Common use of Definition of Loan Clause in Contracts

Definition of Loan. For the purposes of this clause 27 only, the definition of Loan shall mean: 27.5.1 prior to first Utilisation, the aggregate principal amount of the Ship Commitments for the Ships; 27.5.2 after first Utilisation but prior to delivery of all the Ships, the aggregate principal amount of (a) the Ship Commitments for any Ships not yet delivered and (b) the Loan; and

Appears in 4 contracts

Samples: Facilities Agreement (GasLog Partners LP), Facilities Agreement (GasLog Partners LP), Facilities Agreement (GasLog Ltd.)

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