Disbursement of Loan. Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made: (a) to the account which the Borrower specifies in the Drawdown Notice; and (b) in the like funds as the Agent received the payments from the Lenders.
Appears in 7 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Paragon Shipping Inc.)
Disbursement of Loan. Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made4.6:
(a) in the case of the amount referred to in Clause 4.1(a), to the account which the Borrower specifies in the Drawdown Notice;
(b) in the case of the amount referred to in Clause 4.1(b) to the account of SACE which the SACE Agent shall specify; and
(bc) in the like funds as the Agent received the payments from the Lenders.
Appears in 4 contracts
Samples: Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Prestige Cruises International, Inc.)
Disbursement of Loan. Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrower Borrowers the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower Borrowers shall be made:
(a) to the account which the Borrower specifies Borrowers specify in the Drawdown Notice; and
(b) in the like funds as the Agent received the payments from the Lenders.
Appears in 3 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.), Loan Agreement (Alma Maritime LTD)
Disbursement of Loan. Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrower Borrowers the amounts which the Agent receives from the Lenders under Clause 4.54.5 (Lenders to make available Contributions); and that payment to the Borrower Borrowers shall be made:
(a) to the account which the Borrower specifies Borrowers specify in the Drawdown Notice; and
(b) in the like funds as the Agent received the payments from the Lenders.
Appears in 2 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)
Disbursement of Loan. Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made:
(a) to the account or accounts which the Borrower specifies in the Drawdown Notice; and
(b) in the like funds as the Agent received receives the payments from the Lenders.
Appears in 2 contracts
Samples: Amending and Restating Agreement, Amending and Restating Agreement (Golar LNG Partners LP)
Disbursement of Loan. Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrower for on-payment to the Shareholder the amounts which the Agent receives from the Lenders under Clause 4.54.5 above; and that payment to the Borrower shall be made:
(a) to the account which the Borrower specifies in the Drawdown Notice; and
(b) in the like funds as the Agent received the payments from the Lenders.
Appears in 2 contracts
Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Disbursement of Loan. Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made:
(a) to the account of the Baffin Seller, the details of which the Borrower specifies shall specify in the Drawdown Notice; and
(b) in the like funds as the Agent received the payments from the Lenders.
Appears in 2 contracts
Samples: Loan Agreement (Britannia Bulk PLC), Loan Agreement (Britannia Bulk Holdings Inc)
Disbursement of Loan. Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; 4.5 and that payment to the Borrower shall be made:
(a) made to the account which the Borrower specifies in the Drawdown Notice; and
(b) Notice and in the like same funds as the Agent received the payments from the Lenders.
Appears in 2 contracts
Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (EuroDry Ltd.)
Disbursement of Loan. Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; 4.5 and that payment to the Borrower shall be made:
(a) to the account which the Borrower specifies in the Drawdown Notice; and
(b) in the like funds as the Agent received the payments from the Lenders.
Appears in 1 contract
Samples: Deed of Amendment and Restatement (Capital Product Partners L.P.)
Disbursement of Loan. Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made:
(a) to the account which the Borrower specifies specify in the Drawdown Notice; and
(b) in the like same funds as the Agent received the payments from the Lenders.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
Disbursement of Loan. Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrower Borrowers the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower Borrowers shall be made:
(a) : to the account which the Borrower specifies Borrowers specify in the Drawdown Notice; and
(b) and in the like funds as the Agent received the payments from the Lenders.
Appears in 1 contract
Disbursement of Loan. Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrower Borrowers the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower Borrowers shall be made:
(a) to the account which the Borrower specifies Borrowers specify in the Drawdown Notice; and
(b) in the like same funds as the Agent received the payments from the Lenders.
Appears in 1 contract
Samples: Loan Agreement (Euroseas Ltd.)
Disbursement of Loan. Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made:;
(a) to the account which the Borrower specifies in the Drawdown Notice; and
(b) in the like funds as the Agent received the payments from the Lenders.
Appears in 1 contract
Samples: Amending and Restating Agreement (Paragon Shipping Inc.)
Disbursement of Loan. Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made:
(a) made to the account accounts which the Borrower specifies in the Drawdown Notice; and
(b) in the like funds as the Agent received the payments from the Lenders.
Appears in 1 contract
