Drawdown Notice irrevocable. A Drawdown Notice must be signed by a director, officer or, if agreed by the Agent, a duly authorised attorney-in-fact of the Borrowers; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority Lenders.
Appears in 3 contracts
Samples: Amending and Restating Agreement (TBS International PLC), Amending and Restating Agreement (TBS International PLC), Loan Agreement (TBS International LTD)
Drawdown Notice irrevocable. A Drawdown Notice must be signed by a director, officer or, if agreed by the Agent, director or a duly authorised attorney-in-fact of the Borrowers; Borrower and shall be effective on actual receipt thereof by the Lender and, once served, a Drawdown Notice it, subject as provided in Clause 3.6 (Market disruption), cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority LendersLender.
Appears in 3 contracts
Samples: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Performance Shipping Inc.), Loan Agreement (Performance Shipping Inc.)
Drawdown Notice irrevocable. A Drawdown Notice must be signed by a director, officer or, if agreed by the Agent, a duly director or other authorised attorney-in-fact person of the BorrowersBorrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Agent, 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 Each Drawdown Notice must be duly signed by a director, director or officer or, if agreed by the Agent, a duly or authorised attorney-in-fact signatory of the Borrowerseach Borrower; and once served, a Drawdown Notice it cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority Lenders.
Appears in 2 contracts
Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)
Drawdown Notice irrevocable. A Each Drawdown Notice must be duly signed by a director, officer or, if agreed by the Agent, director or a duly authorised appointed attorney-in-fact of the Borrowerseach Borrower; and once served, a Drawdown Notice it cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority Lenders.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Navios Maritime Partners L.P.)
Drawdown Notice irrevocable. A Each Drawdown Notice must be duly signed by a director, officer or, if agreed by the Agent, director or a duly authorised appointed attorney-in-fact of the Borrowers; and once served, a Drawdown Notice it cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority Lenders.
Appears in 2 contracts
Samples: Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)
Drawdown Notice irrevocable. A Drawdown Notice must be signed by a director, officer or, if agreed by the Agent, a duly director or other authorised attorney-in-fact person of each of the Borrowers; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority LendersLenders (such consent not to be unreasonably withheld or delayed), provided always that the Agent has received promptly and correctly any cancellation request made pursuant to Clause 2.4.
Appears in 1 contract
Samples: Loan Agreement (Alma Maritime LTD)
Drawdown Notice irrevocable. A Drawdown Notice must be signed by a director, officer or, if agreed by the Agent, a duly authorised director or attorney-in-fact of the BorrowersBorrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority Lenders, such consent not to be unreasonably withheld or delayed (and such consent may be withheld if any of the Lenders incurs any reasonable and documented expenses or losses as a result of a revocation of a Drawdown Notice and is not indemnified by the Borrower for the same).
Appears in 1 contract
Drawdown Notice irrevocable. A Drawdown Notice must be signed by a director, officer or, if agreed by the Agent, director or a duly authorised attorney-in-fact of the Borrowers; Borrower and shall be effective on actual receipt thereof by the Lender and, once served, a Drawdown Notice it, subject as provided in Clause 3.7 (Market disruption ), cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority LendersLender.
Appears in 1 contract
Drawdown Notice irrevocable. A Drawdown Notice must be signed by a director, officer or, if agreed by the Agent, director or a duly authorised attorney-in-fact of the Borrowers; Borrowers and shall be effective on actual receipt thereof by the Lender and, once served, a Drawdown Notice it, subject as provided in Clause 3.6 (Market disruption) and Clause 3.7 (Cost of funds), cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority LendersLender.
Appears in 1 contract
Samples: Loan Agreement (Imperial Petroleum Inc./Marshall Islands)
Drawdown Notice irrevocable. A Drawdown Notice must be signed by a director, officer or, if agreed by the Agent, a duly director or an authorised attorney-in-fact of the BorrowersBorrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority Lenders.
Appears in 1 contract
Drawdown Notice irrevocable. A Drawdown Notice must be signed by a director, officer or, if agreed by the Agent, director or a duly authorised attorney-in-fact of the Borrowers; Borrower and shall be effective on actual receipt thereof by the Lender and, once served, a Drawdown Notice cannot be revoked without the prior consent of the Agentit, acting on the authority of the Majority Lenders.subject as provided in Clause 3.6 (
Appears in 1 contract
