Payment by the Bank. All sums to be advanced on the Drawdown Date by the Bank to the Borrower under this Agreement shall be remitted in Dollars or the relevant Optional Currency to the account of the Borrower specified in the Drawdown Notice.
Appears in 6 contracts
Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Payment by the Bank. All sums to be advanced on the Drawdown Date by the Bank to the Borrower Borrowers under this Agreement in respect of the Loan shall be remitted in Dollars or on the Drawdown Date for the relevant Optional Currency Advance to the account of the Borrower specified in the Drawdown NoticeNotice for such Advance.
Appears in 6 contracts
Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Eighth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.)
Payment by the Bank. All sums to be advanced on the Drawdown Date by the Bank to the Borrower under this Agreement in respect of the Loan shall be remitted in Dollars or on the relevant Optional Currency Drawdown Date to the account of the Borrower specified in the Drawdown Notice.
Appears in 5 contracts
Samples: Agreement (NewLead Holdings Ltd.), Master Agreement (Capital Maritime & Trading Corp.), Loan Agreement (DryShips Inc.)
Payment by the Bank. All sums to be advanced on the Drawdown Date by the Bank to the Borrower under this Agreement shall be remitted in Dollars or on the Drawdown Date for the relevant Optional Currency Advance and shall be paid by the Bank to the account of the Borrower specified in the Drawdown NoticeNotice for such Advance.
Appears in 4 contracts
Samples: Facility Agreement (Freeseas Inc.), Loan Agreement (Globus Maritime LTD), Loan Agreement (FreeSeas Inc.)
Payment by the Bank. All sums to be advanced on the Drawdown Date by the Bank to the Borrower Borrowers under this Agreement in respect of an Advance shall be remitted in Dollars or on the Drawdown Date for the relevant Optional Currency Advance to the account of the Borrower specified in the Drawdown NoticeNotice for such Advance.
Appears in 2 contracts
Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)
Payment by the Bank. All sums to be advanced on the Drawdown Date by the Bank to the Borrower under this Agreement shall be remitted in Dollars or on the relevant Optional Currency Drawdown Date and shall be paid by the Bank to the account of the Borrower specified in the Drawdown Notice.
Appears in 2 contracts
Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)
Payment by the Bank. All sums to be advanced on the Drawdown Date by the Bank to the Borrower under this Agreement in respect of the Loan shall be remitted in Dollars or on the relevant Optional Currency Drawdown Date to the account of the Borrower or the account of the relevant Seller specified in the relevant Drawdown Notice.
Appears in 2 contracts
Samples: Supplemental Agreement (Top Ships Inc.), Agreement (Top Tankers Inc.)
Payment by the Bank. All sums to be advanced on the Drawdown Date by the Bank to the Borrower Borrowers under this Agreement in respect of the Loan shall be remitted in Dollars or on the Drawdown Date for the relevant Optional Currency Advance and, in the case of amounts drawn down pursuant to clause 2.4.1 (but not pursuant to clause 2.4.2 or clause 10.2.3), to the account of the Borrower specified in the Drawdown NoticeNotice for such Advance.
Appears in 2 contracts
Samples: Supplemental Agreement, Supplemental Agreement (Gala Properties Inc.)
Payment by the Bank. All sums to be advanced on the Drawdown Date by the Bank to the Borrower Borrowers under this Agreement shall be remitted in Dollars or on the Drawdown Date for the relevant Optional Currency Advance to the account of the Borrower specified in the Drawdown NoticeNotice for such Advance.
Appears in 1 contract
Payment by the Bank. All sums to be advanced on the Drawdown Date by the Bank to the Borrower under this Agreement in respect of the Loan shall be remitted in Dollars or on the relevant Optional Currency Drawdown Date to the account of the Borrower specified in the Drawdown Notice.
Appears in 1 contract
Payment by the Bank. All sums to be advanced on the Drawdown Date by the Bank to the Borrower Borrowers under this Agreement in respect of the Loan shall be remitted in Dollars or on the relevant Optional Currency Drawdown Date to the account of the Borrower Borrowers or the account of the relevant Seller specified in the relevant Drawdown Notice.
Appears in 1 contract
Samples: Agreement (Top Tankers Inc.)
