Common use of Drawdown Notice irrevocable Clause in Contracts

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 13 contracts

Samples: Loan Agreement (Cool Co Ltd.), Loan Agreement (Cool Co Ltd.), Agreement (Golar LNG LTD)

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Drawdown Notice irrevocable. A Drawdown Notice must be signed by a director, an officer or a duly authorized attorney-in-fact of the Borrower; Borrowers and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent.

Appears in 8 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer a duly authorised person on behalf of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting with the authorisation of the Majority Lenders.

Appears in 8 contracts

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.), Loan Agreement (Euronav NV), Loan Agreement (Danaos Corp)

Drawdown Notice irrevocable. A The Drawdown Notice must be signed by an officer a duly authorised signatory of the Borrower; and once served, a the Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 7 contracts

Samples: Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer a director of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior written consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 6 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer a duly authorised person on behalf of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 6 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

Drawdown Notice irrevocable. A The Drawdown Notice must be signed by an officer a duly authorised signatory of the Borrower; and once served, a the Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Lenders.

Appears in 6 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Acquisition CORP)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer a duly authorised representative of the a Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 5 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 5 contracts

Samples: Loan Agreement, Amending and Restating Agreement (Golar LNG Partners LP), Loan Agreement (Britannia Bulk PLC)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer a director or other authorised person of the each Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 4 contracts

Samples: Agreement, Agreement (Dynagas LNG Partners LP), Loan Agreement (Dynagas LNG Partners LP)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer authorized signatory or a director of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 4 contracts

Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer or a duly authorised attorney-in-fact of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 4 contracts

Samples: Agreement (Scorpio Bulkers Inc.), Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an a director, officer or a duly authorised signatory of the each Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 4 contracts

Samples: Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer or a duly authorized attorney-in-fact of the Borrower; Borrower and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 4 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer a director or a duly authorised attorney-in-fact of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 4 contracts

Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.)

Drawdown Notice irrevocable. A The Drawdown Notice must be signed by an officer a duly authorised signatory of the Borrower; and once served, a the Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 4 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Agreement (Paragon Shipping Inc.), Loan Agreement (Box Ships Inc.)

Drawdown Notice irrevocable. A The Drawdown Notice must be signed by an officer a duly authorised signatory of the BorrowerBorrowers; and once served, a the Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Lenders.

Appears in 3 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Partners L.P.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer a director or other authorised person of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Capital Product Partners L.P.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer a director of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 3 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer authorised signatory of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting with the authorisation of the Majority Lenders.

Appears in 2 contracts

Samples: Loan Agreement (GasLog Partners LP), Loan Agreement

Drawdown Notice irrevocable. A The Drawdown Notice must be signed by an officer Authorised Officer of the Borrower; and a Borrower and, once served, a the Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 2 contracts

Samples: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)

Drawdown Notice irrevocable. A The Drawdown Notice must be signed by an officer a director or other authorised person of the Borrower; and once served, a the Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 2 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Paragon Shipping Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer or a duly authorized attorney-in-fact of the Borrower; Borrower and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Required Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Scorpio Bulkers Inc.), Credit Agreement (Scorpio Bulkers Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer a duly authorised signatory of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 2 contracts

Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Paragon Shipping Inc.)

Drawdown Notice irrevocable. A The Drawdown Notice must be signed by an officer authorised signatory or director of the Borrower; and once served, a the Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 2 contracts

Samples: Loan Agreement (Star Cosmo Llc.), Agreement (Star Bulk Carriers Corp.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer Authorised Officer of the Borrower; a Borrower and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 2 contracts

Samples: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer a director or other duly authorised representative of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 2 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Facility Agreement (Gala Properties Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer a director or other authorised person of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderFacility Agent, acting on the authority of the Majority Lenders.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer authorised person of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 2 contracts

Samples: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (StealthGas Inc.)

Drawdown Notice irrevocable. A The Drawdown Notice must be signed by an officer a duly authorised person on behalf of the Borrower; and once served, a the Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 2 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Quintana Shipping Ltd.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer a director or a duly authorised signatory of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 2 contracts

Samples: Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Drawdown Notice irrevocable. A The Drawdown Notice must be signed by a director or an officer authorised signatory of the Borrower; and once served, a the Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 2 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Partners L.P.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by a director or officer or an officer authorised person of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authorisation of the Majority Lenders.

Appears in 2 contracts

Samples: Loan Agreement (Euronav NV), Agreement (Euronav NV)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer or duly authorized attorney-in-fact of the Borrowereach Borrowers; and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderFacility Agent, acting with the authority of the Majority Lenders.

Appears in 2 contracts

Samples: Loan Agreement (TBS International LTD), Loan Agreement (TBS International LTD)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by a director, an officer or a duly authorized attorney-in-fact of the Borrower; Borrower and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent.

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Drawdown Notice irrevocable. A The Drawdown Notice must be signed by an officer authorised signatory of the Borrower; and Borrower and, once served, a the Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting with the authorisation of the Majority Lenders.

Appears in 2 contracts

Samples: Loan Agreement (DryShips Inc.), Loan and Guarantee Facility Agreement (DryShips Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer or a duly authorized attorney-in-fact of the Borrower; Borrower and once served, a Drawdown Notice cannot be revoked or varied without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 2 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by a director, an officer or a duly authorized attorney-in-fact of the Borrower; Borrowers and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Quartet Holdco Ltd.)

Drawdown Notice irrevocable. A The Drawdown Notice must be signed by an a director, officer or other authorised person of the Borrower; and once served, a the Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer or a duly authorized attorney-in-fact of the Borrower; Relevant Xxxxxxxx and once served, a Drawdown Notice cannot be revoked or varied without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an a director, officer or a duly authorised signatory of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

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Drawdown Notice irrevocable. A The Drawdown Notice must be signed by an a director, officer or a duly authorised signatory of the each Borrower; and once served, a the Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 1 contract

Samples: Loan Agreement (Oceanfreight Inc.)

Drawdown Notice irrevocable. A The Drawdown Notice must be signed by a director, an officer or an authorised attorney in fact of the Borrower; and once served, a the Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer or duly authorized attorney-in-fact of the Borrower; and Borrower and, once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderFacility Agent, acting with the authority of the Majority Lenders.

Appears in 1 contract

Samples: Loan Agreement (Ultrapetrol Bahamas LTD)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer a director of the Borrower; , and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 1 contract

Samples: Loan Agreement (Knightsbridge Tankers LTD)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer a director or other authorised person of the BorrowerBorrowers; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Drawdown Notice irrevocable. A The Drawdown Notice must be signed by an officer a director or other authorised person of the Borrower; and once served, a the Drawdown Notice cannot be revoked without the prior written consent of the LenderAgent, acting on the authority of the Lenders.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer a duly authorised signatory of the Borrower; and once served, a the Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an a director, officer or attorney-in-fact of the Borrowerboth Borrowers; and and, once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer or a duly authorized attorney-in-fact of the Borrower; Borrowers and once served, a Drawdown Notice cannot be revoked or varied without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Drawdown Notice irrevocable. A The Drawdown Notice must be signed by an officer a director or other authorised person of the Borrower; and once served, a the Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Drawdown Notice irrevocable. A The Drawdown Notice must be signed by an officer or duly authorized attorney-in-fact of the Borrower; and once served, a the Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting with the authority of the Majority Lenders.

Appears in 1 contract

Samples: Loan Agreement (Top Ships Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an a director, officer or attorney-in-fact of the each Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Samples: Loan Agreement (Top Ships Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer 2 directors or by a duly authorised person on behalf of the BorrowerBorrowers; and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by a director, an officer or an authorised attorney in fact of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Drawdown Notice irrevocable. A The Drawdown Notice must be signed by an officer authorized signatory or director of the Borrower; and once served, a the Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 1 contract

Samples: Agreement (Star Bulk Carriers Corp.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an a director or officer of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Carriers Corp.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an a director, officer or attorney-in-fact of the BorrowerBorrowers; and and, once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent acting on the authority of the Majority Lenders.

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer a duly authorised person on behalf of the BorrowerBorrowers; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 1 contract

Samples: Loan Agreement (Quintana Shipping Ltd.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer or duly authorized attorney-in-fact of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting with the authority of the Majority Lenders.

Appears in 1 contract

Samples: Loan Agreement (Oceanfreight Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an a director officer or, if agreed by the Lender, a duly authorised attorney-in-fact of the a Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 1 contract

Samples: Agreement (TBS International LTD)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer or a duly authorized attorney-in-fact of each of the Borrower; Borrowers and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer or a duly authorized attorney-in-fact of the Borrower; Borrower and once served, a Drawdown Notice cannot be revoked without the prior consent of the LenderAgent, acting on the authority of the Majority Lenders (such consent and approval not to be unreasonably withheld or delayed).

Appears in 1 contract

Samples: Loan Agreement (Eagle Bulk Shipping Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer a director or other authorised person of the each Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 1 contract

Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by a an officer authorised person of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 1 contract

Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an a director or officer of the a Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an a director or officer or, if agreed by the Lender, a duly authorised attorney-in-fact of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 1 contract

Samples: Loan Agreement (TBS International LTD)

Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer a duly authorised person on behalf of the each Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

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