Lenders’ Participations. Each Lender will participate through its Facility Office in each Advance made pursuant to Clause 4.1 (Conditions to Utilisation) in its respective Proportion.
Lenders’ Participations. Subject to the other provisions of this Agreement, each Lender shall participate in each Advance in the proportion which, as at the relevant Drawdown Date, its Commitment bears to the Total Commitments;
Lenders’ Participations. (a) If the conditions set out in Clause 4 (Conditions of Utilisation) and 5.1 (Delivery of a Utilisation Request) to 5.3 (Currency and amount) have been met, each Lender shall make its participation in each Loan available by the Utilisation Date through its Facility Office.
(b) The amount of each Lender's participation in each Loan will be equal to the proportion borne by its Available Commitment to the Available Facility immediately prior to making that Loan.
(c) The Agent shall notify each Lender of the amount of each Loan and the amount of its participation in that Loan by the Specified Time.
Lenders’ Participations. Each Lender will participate through its Facility Office in each Advance made pursuant to Clause 4.1 (Conditions to Utilisation), the relevant Incremental Revolving Facility Commitment Agreement and the relevant Incremental Term Facility Commitment Agreement in its respective Proportion.
Lenders’ Participations. (a) If the conditions set out in this Agreement have been met, each Lender participating in a Facility shall make its participation in each Loan under that Facility available to the Agent by the Utilisation Date through its Facility Office.
(b) The amount of each Lender’s participation in each Loan will be equal to the proportion borne by its Available Commitment to the Available Facility immediately prior to making the Loan.
(c) The Agent shall by the Specified Time notify:
(i) each Facility A Lender of the amount of each Facility A Loan and the amount of its participation in that Loan;
(ii) each Facility B Lender of the amount of each Facility B Loan and the amount of its participation in that Loan; and
(iii) each Facility C Lender of the amount of each Facility C Loan and the amount of its participation in that Loan.
Lenders’ Participations. (a) If the conditions set out in this Agreement have been met, each Lender shall make its participation in each Loan available by the drawdown date specified in the Utilisation Request through its Facility Office.
(b) The amount of each Lender's participation in each Loan will be equal to the proportion borne by its Available Commitment to the Available Facility in relation to the relevant Facility immediately prior to making the Loan.
Lenders’ Participations. If the above conditions have been satisfied, the Facility Agent shall by notice in writing pursuant to the provisions of Annex 2, notify by no later than two (2) Business Days prior to the Drawdown Date each of the Lenders of the amount of this Advance, the Drawdown Date, such Lender's Share in the amount of the Advance and, in the event that payments shall not be effected to the Account, any further information on the account to which the proceeds of the Advance shall be paid.
Lenders’ Participations. If the conditions set out above have been met, the Agent shall promptly notify each Lender of the relevant Borrower, the amount and the currency of the Advance, the Drawdown Date, the Term, such Lender’s participation in the amount of the Advance, which shall be equivalent to its Share. Each Lender shall make its participation available to the Agent in each Advance through its Facility Office in time to enable the Agent to make the Advance available on the Drawdown Date in accordance with this Agreement. On the Drawdown Date the Agent shall transfer the amounts received without undue delay to such account as specified in the relevant Borrower’s Drawdown Notice.
Lenders’ Participations. Subject to the other provisions of this Agreement, each Lender shall:
(a) participate in the Term Advance in the proportion which, as at the Term Drawdown Date, its Term Commitment bears to the Total Term Commitments; and
(b) participate in each Newbuilding Advance in the proportion which, as at the relevant Newbuilding Drawdown Date, its Newbuilding Commitment bears to the Total Newbuilding Commitments.
Lenders’ Participations. Subject to the provisions of this Agreement, each Lender will participate in the Loan up to a principal amount not exceeding its Commitment in the proportion which its Commitment bears to the Total Commitments. No Lender is obliged to lend more than the amount of its Commitment.
