Common use of Notification of satisfaction of conditions precedent Clause in Contracts

Notification of satisfaction of conditions precedent. (a) The Facility Agent shall notify the Borrowers and the Lenders promptly upon being satisfied as to the satisfaction of the conditions precedent referred to in Clause 4.1 (Initial conditions precedent) and Clause 4.2 (Further conditions precedent).

Appears in 14 contracts

Samples: Agreement (Navios Maritime Partners L.P.), And Restatement Agreement (Ardmore Shipping Corp), Facility Agreement (Navios Maritime Partners L.P.)

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Notification of satisfaction of conditions precedent. (a) The Facility Agent shall notify the Borrowers Lenders, the Export Credit Agency and the Lenders SIMEST, as applicable, promptly upon being satisfied as to the satisfaction of the conditions precedent referred to in this Clause 4.1 4 (Initial conditions precedent) and Clause 4.2 (Further conditions precedentConditions of Utilisation).

Appears in 4 contracts

Samples: Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.), Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.), Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.)

Notification of satisfaction of conditions precedent. (a) The Facility Agent shall notify the Borrowers Borrower and the Lenders promptly upon being satisfied as to the satisfaction of the conditions precedent referred to in Clause 4.1 (Initial conditions precedent) and Clause 4.2 (Further conditions precedent).

Appears in 3 contracts

Samples: Assignment Agreement (Euroseas Ltd.), Assignment Agreement (Ocean Rig UDW Inc.), Assignment Agreement (DryShips Inc.)

Notification of satisfaction of conditions precedent. (a) The Facility Agent Lender shall notify the Borrowers and the Lenders promptly upon being satisfied as to the satisfaction of the conditions precedent referred to in Clause 4.1 (Initial conditions precedent) and Clause 4.2 (Further conditions precedent).

Appears in 3 contracts

Samples: Facility Agreement (Seanergy Maritime Holdings Corp.), Facility Agreement (Castor Maritime Inc.), Facility Agreement (Seanergy Maritime Holdings Corp.)

Notification of satisfaction of conditions precedent. (a) The Facility Security Agent shall notify the Borrowers and send to the Lenders promptly upon being satisfied as to the satisfaction all of the conditions precedent referred to in Clause 4.1 (Initial conditions precedent) and Clause 4.2 (Further conditions precedent)) which it has received.

Appears in 2 contracts

Samples: Facility Agreement (United Maritime Corp), Facility Agreement (United Maritime Corp)

Notification of satisfaction of conditions precedent. (a) The Facility Agent shall notify the Borrowers and promptly send to the Lenders promptly upon being satisfied as to the satisfaction all of the conditions precedent referred to in Clause 4.1 (Initial conditions precedent) and Clause 4.2 (Further conditions precedent)) which it has received.

Appears in 2 contracts

Samples: Assignment Agreement (Global Ship Lease, Inc.), Junior Facility Agreement (Global Ship Lease, Inc.)

Notification of satisfaction of conditions precedent. (a) The Facility Agent shall notify the Borrowers Borrower and the Lenders other Finance Parties promptly upon being satisfied as to the satisfaction of the conditions precedent referred to in Clause 4.1 3.1 (Initial conditions precedent) and Clause 4.2 (Further conditions Conditions precedent).

Appears in 2 contracts

Samples: Credit Agreement (DHT Holdings, Inc.), Credit Agreement (DHT Holdings, Inc.)

Notification of satisfaction of conditions precedent. (a) The Facility Agent shall notify the Borrowers and the Lenders promptly upon being satisfied as to the satisfaction of the conditions precedent referred to in Clause 4.1 (Initial conditions precedent) and ), Clause 4.2 (Further conditions precedent) and Clause 4.3 (Conditions precedent to release of the relevant Advance).

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Partners L.P.)

Notification of satisfaction of conditions precedent. (a) The Facility Agent shall notify the Borrowers and the Lenders promptly upon being satisfied as to the satisfaction of the conditions precedent referred to in Clause 4.1 (Initial conditions precedent) and Clause 4.2 (Further conditions precedent).

Appears in 1 contract

Samples: Assignment Agreement (Star Bulk Carriers Corp.)

Notification of satisfaction of conditions precedent. (a) The Facility Agent shall notify the Borrowers and the Lenders promptly upon being satisfied as to the satisfaction of the conditions precedent referred to in Clause 4.1 (Initial conditions precedent) and ), Clause 4.2 (Further conditions precedent).

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Partners L.P.)

Notification of satisfaction of conditions precedent. (a) The Facility Agent shall notify the Borrowers Borrower and the Lenders promptly upon being satisfied as to the satisfaction of the conditions precedent referred to in Clause 4.1 (Initial conditions precedent) and Clause 4.2 (Eksportkreditt conditions precedent) and Clause 4.3 (Further conditions precedent).

Appears in 1 contract

Samples: Assignment Agreement (Ocean Rig UDW Inc.)

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Notification of satisfaction of conditions precedent. (a) The Facility Agent shall notify the Borrowers Borrower and the Lenders promptly upon being satisfied as to the satisfaction of the conditions precedent referred to in Clause 4.1 (Initial conditions precedent) and ), Clause 4.2 (Further conditions precedent) and 4.3 (Ship conditions precedents).

Appears in 1 contract

Samples: Assignment Agreement (Taylor Maritime Investments LTD)

Notification of satisfaction of conditions precedent. (a) The Facility Agent shall notify the Borrowers and the Lenders promptly upon being satisfied as to the satisfaction of the conditions precedent referred to in Clause 4.1 (Initial conditions precedentConditions precedent to the Facility Agreement), Clause 4.2 (Conditions precedent to each Utilisation Request) and Clause 4.2 4.3 (Further conditions precedent).

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Partners L.P.)

Notification of satisfaction of conditions precedent. (a) The Facility Agent shall notify the Borrowers and the Lenders promptly upon being satisfied as to the satisfaction of the conditions precedent referred to in Clause 4.1 (Initial conditions precedent) and ), Clause 4.2 (Further conditions precedentConditions precedent to prepositioning of funds) and Xxxxxx 4.3 (Conditions precedent to release of the relevant Advance).

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Partners L.P.)

Notification of satisfaction of conditions precedent. (a) The Facility Agent shall notify the Borrowers and the Lenders promptly upon being satisfied as to the satisfaction of the conditions precedent and subsequent referred to in Clause 4.1 (Initial conditions precedentConditions precedent to delivery of a Drawdown Request), Clause 4.2 (Conditions precedent to prepositioning of funds) and Clause 4.2 4.4 (Further conditions precedentConditions subsequent).

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

Notification of satisfaction of conditions precedent. (a) The Facility Agent shall notify the Borrowers and send to the Lenders promptly upon being satisfied as to the satisfaction all of the conditions precedent referred to in Clause 4.1 (Initial conditions precedent) and Clause 4.2 (Further conditions precedent)) which it has received.

Appears in 1 contract

Samples: Assignment Agreement (Pyxis Tankers Inc.)

Notification of satisfaction of conditions precedent. (a) The Facility Agent shall notify the Borrowers Borrower and the Lenders promptly upon being satisfied as to the satisfaction of the conditions precedent and subsequent referred to in Clause 4.1 (Initial conditions precedentConditions precedent to delivery of a Drawdown Request) and Clause 4.2 (Further conditions precedentConditions precedent to each Advance).

Appears in 1 contract

Samples: Facility Agreement (Scorpio Tankers Inc.)

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