Drawdown in Optional Currency. If the Loan is to be drawn down in full or in part in an Optional Currency, the Bank shall, subject to clauses 10.1 and 10.2, advance to the Borrower on the Drawdown Date the Equivalent Amount of such Optional Currency (as determined by the Bank) which can be purchased with the Dollar Amount of the Loan or the relevant part thereof as at the Drawdown Date.
Appears in 4 contracts
Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
