Disbursement of an Advance. Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrowers the amounts which the Agent receives from the Lenders under Clause 4.5 and that payment to the Borrowers shall be made:
Appears in 4 contracts
Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)
Disbursement of an Advance. Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date of an Advance pay to the Borrowers the amounts which the Agent receives from the Lenders under Clause 4.5 and that payment to the Borrowers shall be made:made to the account which the Borrowers specify in the Drawdown Notice of an Advance and in the same funds as the Agent received the payments from the Lenders.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
Disbursement of an Advance. Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrowers Borrower the amounts in respect of each Advance which the Agent receives from the Lenders under Clause 4.5 (Lenders to make available Contributions) and that payment to the Borrowers Borrower shall be made:
Appears in 1 contract
Disbursement of an Advance. Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrowers the amounts which the Agent receives from the Lenders under Clause 4.5 Lenders to make available Contributions ); and that payment to the Borrowers shall be made:
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
