Lenders’ participation. Subject to Clauses 2 and 3, the Agent shall promptly notify each Lender of the receipt of a Drawdown Notice, following which each Lender shall advance its Proportionate Share of the relevant Drawing to the Borrowers through the Agent on the relevant Drawdown Date.
Appears in 6 contracts
Samples: Secured Facility Agreement, Facility Agreement (Teekay Corp), Facility Agreement (Teekay Tankers Ltd.)
Lenders’ participation. Subject to Clauses clauses 2 and 3, the Agent shall promptly notify each relevant Lender of the receipt of a Drawdown NoticeNotice and of the date on which the Drawing is to be made, following which each relevant Lender shall advance its Proportionate Share proportionate share of the relevant Drawing to the Borrowers Borrower through the Agent on the relevant Drawdown Date.
Appears in 4 contracts
Samples: Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)
Lenders’ participation. Subject to Clauses 2 and 3, the Agent shall promptly notify each Lender of the receipt of a the Drawdown Notice, following which each Lender shall advance its Proportionate Share of the relevant Drawing Loan to the Borrowers Borrower through the Agent on the relevant Drawdown Date.
Appears in 2 contracts
Samples: Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)
Lenders’ participation. Subject to Clauses 2 (The Loan and 3its Purpose) and 3 (Conditions of Utilisation), the Agent shall promptly notify each Lender of the receipt of a Drawdown Notice, following which each Lender shall advance its Proportionate Share of the relevant Drawing to the Borrowers through the Agent on the relevant Drawdown Date.
Appears in 2 contracts
Samples: Secured Loan Agreement (Baltic Trading LTD), Secured Loan Agreement (Baltic Trading LTD)
Lenders’ participation. Subject to Clauses Clause 2 and Clause 3, the Agent shall promptly notify each Lender of the receipt of a Drawdown Notice, following which each Lender shall advance its Proportionate Share of the relevant Drawing to the Borrowers Borrower through the Agent not later than 11:00am (New York time) on the relevant Drawdown Date.
Appears in 2 contracts
Samples: Senior Secured Revolving Credit Facility Agreement, Senior Secured Revolving Credit Facility Agreement (Teekay Offshore Partners L.P.)
Lenders’ participation. Subject to Clauses Clause 2 and Clause 3, the Agent shall promptly notify each Lender of the receipt of a Drawdown Notice, following which each Lender shall advance its Proportionate Share of the relevant Drawing Loan to the Borrowers Borrower through the Agent not later than 11:00am (New York time) on the relevant Drawdown Date.
Appears in 1 contract
Samples: Secured Term Loan Facility Agreement (Teekay Tankers Ltd.)
Lenders’ participation. Subject to Clauses 2 (The Loan and 3its Purpose), 3 (Conditions of Utilisation) and 4.3 (Prepositioning of funds), the Agent shall promptly notify each Lender of the receipt of a Drawdown Notice, following which each Lender shall advance its Proportionate Share of the relevant Drawing Tranche to the Borrowers through the Agent on the relevant Drawdown Date.
Appears in 1 contract
Lenders’ participation. Subject to Clauses 2 and 3, the Agent shall promptly notify each relevant Lender of the receipt of a Drawdown Notice, following which each relevant Lender shall advance its Proportionate Share of the relevant Drawing to the Borrowers through the Agent on the relevant Drawdown Date.
Appears in 1 contract
Lenders’ participation. Subject to Clauses 2 (The Loan and 3its Purpose) and 3 (Conditions of Utilisation), the Agent shall promptly notify each Lender of the receipt of a Drawdown Notice, following which each Lender shall advance its Proportionate Share of the relevant Drawing Tranche to the Borrowers through the Agent on the relevant Drawdown Date.
Appears in 1 contract
Samples: Secured Loan Agreement (Poseidon Containers Holdings Corp.)
Lenders’ participation. Subject to Clauses Clause 2 and Clause 3, the Agent shall promptly notify each Lender of the receipt of a Drawdown Notice, following which each Lender shall advance its Proportionate Share of the relevant Drawing Loan to the Borrowers through the Agent not later than 11:00am (London) on the relevant Drawdown Date.
Appears in 1 contract
Samples: Secured Term Loan Facility Agreement (Teekay LNG Partners L.P.)
Lenders’ participation. Subject to Clauses 2 and 3, the Agent shall promptly notify each Lender of the receipt of a the Drawdown Notice, following which each Lender shall advance its Proportionate Share of the relevant Drawing Commitment to the Borrowers Borrower through the Agent on the relevant Drawdown Date.
Appears in 1 contract
