Lenders’ participations in Advances. 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.
Appears in 37 contracts
Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Castor Maritime Inc.), Loan Agreement (Castor Maritime Inc.)
Lenders’ participations in Advances. 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.
Appears in 6 contracts
Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)
Lenders’ participations in Advances. Subject to the other provisions of this Agreement, each Lender shall participate in each the Advance in the proportion which, as at the relevant Drawdown Date, its Commitment bears to the Total Commitments.
Appears in 4 contracts
Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (Euroseas Ltd.)
Lenders’ participations in Advances. 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, provided that no Lender shall be required to participate in any Advance if doing so would require such Lender to exceed its Commitment.
Appears in 3 contracts
Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)
Lenders’ participations in Advances. Subject to the other provisions of this Agreement, each Lender shall participate in each Advance in the proportion which, as at the relevant Drawdown Effective Date, its Commitment bears to the Total Commitments.
Appears in 2 contracts
Samples: Loan Agreement (Product Shipping Ltd.), Loan Agreement (Product Shipping Ltd.)
Lenders’ participations in Advances. Subject to the other provisions of this Agreement, each Lender shall participate has participated in each Advance in the proportion which, as at the relevant Drawdown Date, its Commitment bears to the Total Commitments.
Appears in 1 contract
