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;
Appears in 3 contracts
Samples: Loan Agreement (TBS International PLC), Loan Agreement (TBS International PLC), Loan Agreement (TBS International LTD)
Lenders’ Participations. Subject to the other provisions of this Agreement, each Lender shall participate in each the Advance in an amount equal to its Ratable Portion of the proportion which, Advance as at the relevant Actual Drawdown Date, its Commitment bears to the Total Commitments;.
Appears in 2 contracts
Samples: Loan Agreement (TBS International LTD), Loan Agreement (TBS International LTD)
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;.
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)
Lenders’ Participations. Subject to the other provisions of this Agreement, each Lender shall participate in each Advance in the proportion which, an amount equal to its Ratable Portion of such Advance as at the relevant Actual Drawdown Date, its Commitment bears to the Total Commitments;.
Appears in 1 contract
