Lenders’ participation. 5.3.1 Subject to Clauses 2 (The Loan), 3 (Purpose) and 4 (Conditions of Utilisation), each Lender shall make its participation in any Tranche available by the relevant Drawdown Date through its Facility Office. 5.3.2 The amount of each Lender's participation in any Tranche will be equal to the proportion borne by its Commitment to the Total Commitments.
Appears in 5 contracts
Samples: Secured Loan Facility Agreement (Diana Containerships Inc.), Secured Loan Agreement (Diana Containerships Inc.), Second Supplemental Agreement to a Secured Loan Agreement (Scorpio Tankers Inc.)
Lenders’ participation. 5.3.1 Subject to Clauses 2 (The Loan), 3 (Purpose) and 4 (Conditions of Utilisation), each Lender shall make its participation in any Tranche Drawing available by the relevant Drawdown Date through its Facility Office.
5.3.2 The amount of each Lender's participation in any Tranche Drawing will be equal to the proportion borne by its Commitment to the Total Commitments.
Appears in 3 contracts
Samples: Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC)
Lenders’ participation. 5.3.1 Subject to Clauses 2 (The Loan), 3 (Purpose) and 4 (Conditions of Utilisation), each Lender shall make its participation in any Tranche the Loan available by the relevant Drawdown Date through its Facility Office.
5.3.2 The amount of each Lender's ’s participation in any Tranche the Loan will be equal to the proportion borne by its Commitment to the Total Commitments.
Appears in 2 contracts
Samples: Secured Loan Agreement, Secured Loan Agreement (HC2 Holdings, Inc.)
Lenders’ participation. 5.3.1 Subject to Clauses 2 (The Loan), 3 (Purpose) and 4 (Conditions of Utilisation), each Lender shall make its participation in any a Tranche available by the relevant Drawdown Date through its Facility Office.
5.3.2 The amount of each Lender's ’s participation in any a Tranche will be equal to the proportion borne by its Commitment to the Total Commitments.
Appears in 1 contract
Lenders’ participation. 5.3.1 Subject to Clauses 2 (The Loan), 3 (Purpose) and 4 (Conditions of Utilisation), each Lender shall make its participation in any Tranche the Loan available by the relevant Drawdown Date through its Facility Office.
5.3.2 The amount of each Lender's participation in any Tranche the Loan will be equal to the proportion borne by its Commitment to the Total Commitments.
Appears in 1 contract
Lenders’ participation. 5.3.1 5.4.1 Subject to Clauses 2 (The Loan), 3 (Purpose) and 4 (Conditions of Utilisation), each Lender shall make its participation in any Tranche Utilisation available by the relevant Drawdown Utilisation Date through its Facility Office.
5.3.2 5.4.2 The amount of each Lender's participation in any Tranche Utilisation will be equal to the proportion borne by its Commitment to the Total Commitments.
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