Common use of Intra-Group Loan Agreements Clause in Contracts

Intra-Group Loan Agreements. procure that all interest payment dates and all repayment dates relating to the loans to be made pursuant to the Intra-Group Loan Agreements match those of each relevant Advance drawn down by the Borrower under this Agreement in order to make each of the said loans available to the Owners and shall procure and ensure that all sums paid and/or payable by the Owners to the credit of the Earnings Accounts shall be freely available to the Agent to meet all payments of principal and interest and all other sums payable by the Borrower to the Finance Parties pursuant to this Agreement and each of the other Security Documents; and

Appears in 2 contracts

Samples: Facilities Agreement (Aries Maritime Transport LTD), Facilities Agreement (Omega Navigation Enterprises, Inc.)

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Intra-Group Loan Agreements. procure that all interest payment dates and all repayment dates relating to the loans made or to be made pursuant to the Intra-Group Loan Agreements match those of each relevant Advance the Facility drawn down by the Borrower under this Agreement in order to make each of the said loans available to the Owners and shall procure and ensure that all sums paid and/or payable by the Owners to the credit of the Earnings Accounts shall be freely available to the Agent to meet all payments of principal and interest and all other sums payable by the Borrower to the Finance Parties pursuant to this Agreement and each of the other Security Finance Documents; and;

Appears in 1 contract

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

Intra-Group Loan Agreements. procure that all interest payment dates and all repayment dates relating to the loans to be made pursuant to the Intra-Group Loan Agreements match those of each relevant Advance drawn down by the Borrower under this Agreement in order to make each of the said loans available to the Owners and shall procure and ensure that all sums paid and/or payable by the Owners to the credit of the Earnings Operating Accounts shall be freely available to the Agent Bank to meet all payments of principal and interest and all other sums payable by the Borrower to the Finance Parties Bank pursuant to this Agreement and each of the other Security Documents; and;

Appears in 1 contract

Samples: Supplemental Agreement (Top Ships Inc.)

Intra-Group Loan Agreements. procure that all interest payment dates and all repayment dates relating to the loans to be made pursuant to the Intra-Group Loan Agreements match those of each relevant Advance drawn down by the Borrower under this Agreement in order to make each of the said loans available to the Owners and shall procure and ensure that all sums paid and/or payable by the Owners to the credit of the Earnings Accounts shall be freely available to the Agent to meet all payments of principal and interest and all other sums payable by the Borrower to the Finance Parties pursuant to this Agreement and each of the other Security Documents; and;

Appears in 1 contract

Samples: Facility Agreement (Aries Maritime Transport LTD)

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Intra-Group Loan Agreements. procure that all interest payment dates and all repayment dates relating to the loans to be made by the Borrower to the Owners pursuant to the Intra-Group Loan Agreements match those of each relevant Advance drawn down by the Borrower Loan under this Agreement in order to make each of the said loans available to the Owners and shall procure and ensure that all sums paid and/or payable by the Owners to the credit of the Earnings Accounts shall be freely available to the Agent to meet all payments of principal and interest and all other sums payable by the Borrower to the Finance Parties pursuant to this Agreement and each of the other Security Documents; and;

Appears in 1 contract

Samples: Facility Agreement (Aries Maritime Transport LTD)

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