Common use of Lenders’ participation Clause in Contracts

Lenders’ participation. (a) If the conditions set out in this Agreement have been met, each Lender shall make its participation in each Advance available by the Utilisation Date through its Facility Office. (b) The amount of each Lender’s participation in each Advance will be equal to the proportion borne by its Available Commitment to the Available Facility immediately before making that Advance. (c) The Facility Agent shall notify each Lender of the amount of each Advance and the amount of its participation in that Advance by the Specified Time.

Appears in 13 contracts

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

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Lenders’ participation. (a) If the conditions set out in this Agreement have been met, each Lender shall make its participation in each Advance available by the Utilisation Date through its Facility Office. (b) The amount of each Lender’s 's participation in each Advance will be equal to the proportion borne by its Available Commitment to the Available Facility immediately before making that Advance. (c) The Facility Agent shall notify each Lender of the amount of each Advance and the amount of its participation in that Advance by the Specified Time.

Appears in 3 contracts

Samples: Term Loan Facility (Okeanis Eco Tankers Corp.), Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Star Bulk Carriers Corp.)

Lenders’ participation. (a) If the conditions set out in this Agreement have been met, each Lender shall shall, on the relevant Utilisation Date, make its participation in each Advance (not being a Swingline Advance) available by the Utilisation Date through its Facility Office. (b) The amount of each Lender’s participation in each Advance (not being a Swingline Advance) will be equal to the proportion borne by its Available Commitment to the Available Facility immediately before prior to making that the Advance. (c) The Facility Agent shall notify each Lender of the amount amount, currency and the Base Currency Amount of each Advance and the amount of its participation in that Advance by at the Specified Time.

Appears in 2 contracts

Samples: Syndicated Revolving Credit Agreement (Ibasis Inc), Syndicated Revolving Credit Agreement (Koninklijke KPN N V)

Lenders’ participation. (a) If the conditions set out in this Agreement have been met, each Lender shall shall, on the relevant Utilisation Date, make its participation in each Advance (not being a Swingline Advance) available by the Utilisation Date through its Facility Office. (b) The amount of each Lender’s 's participation in each Advance (not being a Swingline Advance) will be equal to the proportion borne by its Available Commitment to the Available Facility immediately before prior to making that the Advance. (c) The Facility Agent shall notify each Lender of the amount amount, currency and the Base Currency Amount of each Advance and the amount of its participation in that Advance by at the Specified Time.

Appears in 2 contracts

Samples: Syndicated Revolving Credit Agreement (Koninklijke KPN N V), Syndicated Revolving Credit Agreement (Koninklijke KPN N V)

Lenders’ participation. (a) If the conditions set out in this Agreement have been met, each Lender shall make its participation in each Advance available by the Utilisation relevant Drawdown Date through its Facility Office. (b) The amount of each Lender’s participation in each Advance will be equal to the proportion borne by its Available Commitment to the Available Facility Total Commitments immediately before making that Advance. (c) The Facility Agent shall notify each Lender of the amount of each Advance and the amount of its participation in that Advance by the Specified Time.

Appears in 2 contracts

Samples: Facility Agreement (Scorpio Tankers Inc.), Facility Agreement (Navios Maritime Holdings Inc.)

Lenders’ participation. (a) If the conditions set out in this Agreement have been met, and subject to Clause 6.1 (Repayment of Advances under a Facility) each Lender shall make its participation in each Advance available by the Utilisation Date through its Facility Office. (b) The amount of each Lender’s 's participation in each Advance will be equal to the proportion borne by its Available Commitment to the Available Facility immediately before making that Advance. (c) The Facility Agent shall notify each Lender of the amount of each Advance and the amount of its participation in that Advance by the Specified Timeunder a Facility.

Appears in 1 contract

Samples: Facility Agreement (Taylor Maritime Investments LTD)

Lenders’ participation. (a) If the conditions set out in this Agreement have been met, each Lender shall make its participation in each Advance available by the relevant Utilisation Date through its Facility Office. (b) The amount of each Lender’s participation in each Advance will be equal to the proportion borne by its Available Commitment to the Available Facility immediately before making that Advance. (c) The Subject to receiving a Utilisation Request, the Facility Agent shall notify each Lender of the amount of each Advance and the amount of its participation in that Advance by the Specified Time.

Appears in 1 contract

Samples: Facility Agreement (United Maritime Corp)

Lenders’ participation. (a) 5.4.1 If the conditions set out in this Agreement have been met, each Lender shall make its participation in each the requested Advance available by on the Utilisation Date through its Facility Office. (b) 5.4.2 The amount of each Lender’s participation in each Advance will be equal to the proportion borne by its Available Commitment to the Available Facility immediately before prior to making that the Advance. (c) The Facility Agent shall notify each Lender of the amount of each Advance and the amount of its participation in that Advance by the Specified Time.

Appears in 1 contract

Samples: Facility Agreement (Central European Distribution Corp)

Lenders’ participation. (a) If the conditions set out in this Agreement have been met, each Lender shall shall, on the relevant Utilisation Date, make its participation in each Advance available by the Utilisation Date through its Facility Office. (b) The amount of each Lender’s 's participation in each Advance will be equal to the proportion borne by its Available Commitment to the Available Facility immediately before prior to making that the Advance. (c) The Facility Agent shall notify each Lender of the amount amount, currency and the Base Currency Amount of each Advance and the amount of its participation in that Advance by at the Specified Time.

Appears in 1 contract

Samples: Syndicated Revolving Credit Agreement (Koninklijke KPN N V)

Lenders’ participation. (a) If the conditions set out in this Agreement have been met, each Lender shall make its participation in each the Advance available by the Utilisation Drawdown Date through its Facility Office. (b) The amount of each Lender’s participation in each the Advance will be equal to the proportion borne by its Available Commitment to the Available Facility Total Commitments immediately before making that the Advance. (c) The Facility Agent shall notify each Lender of the amount of each the Advance and the amount of its participation in that the Advance by the Specified Time.

Appears in 1 contract

Samples: Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)

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Lenders’ participation. (a) 5.4.1 If the conditions set out in this Agreement have been met, each Lender shall make its participation in each the requested Advance available by on the Utilisation Date through its Facility Office. (b) 5.4.2 The amount of each Lender’s participation in each the Advance will be equal to the proportion borne by its Available Commitment to the Available Facility immediately before prior to making that the Advance. (c) The Facility Agent shall notify each Lender of the amount of each Advance and the amount of its participation in that Advance by the Specified Time.

Appears in 1 contract

Samples: Facilities Agreement (Central European Distribution Corp)

Lenders’ participation. (a) If the conditions set out in this Agreement have been met, each Lender shall make its participation in each the Advance available by the Utilisation Date through its Facility Office. (b) The amount Upon receipt of each Lender’s participation in each Advance will be equal to the proportion borne by its Available Commitment to Utilisation Request, the Available Facility immediately before making that Advance. (c) The Facility Agent shall by the Specified Time notify each Lender and the Kexim Guarantee Agent of the amount details of each the requested Advance and the amount of its participation in that Advance by the Specified Timeeach Lender's participation.

Appears in 1 contract

Samples: Addendum to First Preferred Marshall Islands Mortgage (Ocean Rig UDW Inc.)

Lenders’ participation. (a) If the conditions set out in this Agreement have been met, each Lender shall make its participation in each Advance available by the relevant Utilisation Date through its Facility Office. (b) The amount of each Lender’s 's participation in each Advance will be equal to the proportion borne by its Available Commitment to the Available Facility immediately before making that Advance. (c) The Subject to receiving a Utilisation Request, the Facility Agent shall notify each Lender of the amount of each Advance and the amount of its participation in that Advance by the Specified Time.

Appears in 1 contract

Samples: Term Loan Facility (United Maritime Corp)

Lenders’ participation. (a) If the conditions set out in this Agreement have been met, each Lender shall make its participation in each Advance available by the Utilisation Date through its Facility Office. (b) The amount Upon receipt of each Lender’s participation in each Advance will be equal to a Utilisation Request, the proportion borne by its Available Commitment to the Available Facility immediately before making that Advance. (c) The Facility Agent shall by the Specified Time notify each Lender of the amount details of each the requested Advance and the amount of its participation in that Advance by the Specified Timeeach Lender's participation.

Appears in 1 contract

Samples: Term Loan Agreement (Ocean Rig UDW Inc.)

Lenders’ participation. (a) If the conditions set out in this Agreement have been met, each Lender shall make its participation in each the Advance available by the Utilisation Drawdown Date through its Facility Office. (b) The amount of each Lender’s 's participation in each the Advance will be equal to the proportion borne by its Available Commitment to the Available Facility Total Commitments immediately before making that the Advance. (c) The Facility Agent shall notify each Lender of the amount of each the Advance and the amount of its participation in that the Advance by the Specified Time.

Appears in 1 contract

Samples: Term Loan Facility (Grindrod Shipping Holdings Ltd.)

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