Common use of Fulfilment of conditions after drawdown Clause in Contracts

Fulfilment of conditions after drawdown. If the Lenders, acting unanimously, decide (or the Agent in accordance with Clause 20 decides) to permit the advance of a Drawing to the Borrower hereunder without the Agent having received all of the documents or evidence referred to in the relevant part or parts of Part I of Schedule 3, the Borrower will nevertheless deliver the remaining documents or evidence to the Agent within such period as the Agent may stipulate and the advance of the Drawing shall not be construed as a waiver of the Agent’s right to receive the documents or evidence as aforesaid nor shall this provision impose on the Agent or the Lenders any obligation to permit the advance of the Drawing in the absence of any of such documents or evidence.

Appears in 6 contracts

Samples: Facility Agreement (NCL CORP Ltd.), Facility Agreement (NCL CORP Ltd.), Facility Agreement (NCL CORP Ltd.)

AutoNDA by SimpleDocs

Fulfilment of conditions after drawdown. If the Lenders, acting unanimously, decide (or the Agent in accordance with Clause 20 22 decides) to permit the advance of a the Term Loan Facility and/or the first Drawing to the Borrower hereunder without the Agent having received all of the documents or evidence referred to in the relevant part or parts of Part I of Schedule 3, the Borrower will nevertheless deliver the remaining documents or evidence to the Agent within such period as the Agent may stipulate and the advance of the Term Loan Facility and/or the Drawing shall not be construed as a waiver of the Agent’s right to receive the documents or evidence as aforesaid nor shall this provision impose on the Agent or the Lenders any obligation to permit the advance of the Drawing drawing in the absence of any of such documents or evidence.

Appears in 1 contract

Samples: Facility Agreement (NCL CORP Ltd.)

AutoNDA by SimpleDocs

Fulfilment of conditions after drawdown. If the Lenders, acting unanimously, decide (or the Agent in accordance with Clause 20 decides) to permit the advance of a Drawing to the Borrower hereunder without the Agent having received all of the documents or evidence referred to in the relevant part or parts of Part I of Schedule 3, the Borrower will nevertheless deliver the remaining documents or evidence to the Agent within such period as the Agent may stipulate and the advance of the Drawing shall not be construed as a waiver of the Agent’s right to receive the documents or evidence as aforesaid nor shall this provision impose on the Agent or the Lenders any obligation to permit the advance of the Drawing in the absence of any of such documents or evidence.

Appears in 1 contract

Samples: Original Facility Agreement (NCL CORP Ltd.)

Time is Money Join Law Insider Premium to draft better contracts faster.