Prepositioning of funds. If, in respect of the Utilisation of any Advance, the Lenders, at the request of the Borrowers and on terms acceptable to all the Lenders and in their absolute discretion, preposition funds with any bank, each Borrower and each Guarantor:
Prepositioning of funds. If, in respect of the Utilisation of the Loan, the Facility Agent (acting on the instructions of the Lenders), at the request of the Borrowers and on terms acceptable to all the Lenders and the Borrowers, prepositions funds with any bank:
Prepositioning of funds. If required, in respect of any proposed Tranche, the Lenders, at the request of the Borrowers and on terms acceptable to all the Lenders and in their absolute discretion, preposition funds with the Existing Agent, each Borrower and the Guarantor:
Prepositioning of funds. If, in respect of any proposed Advance, the Lenders, at the request of the Borrowers and on terms acceptable to all the Lenders and in their absolute discretion, preposition funds with the Escrow Agent:
Prepositioning of funds. If, in respect of any proposed Advance, the Lenders, at the request of the Borrowers and on terms acceptable to all the Lenders and in their absolute discretion, subject to Clause 5.6 (Payments), preposition funds with the Builder’s or any other bank, each Borrower:
Prepositioning of funds. The Agent (at its sole discretion) may, at the Borrower's request, agree to preposition and, as the case may be, remit on the relevant Drawdown Date the amounts which the Agent receives from the Lenders in respect of the Loan by making payment of such amounts:
Prepositioning of funds. If the Lenders, at the request of the Borrowers and on terms acceptable to all the Lenders and in their absolute discretion, preposition funds with the Account Bank or any other bank, the Borrowers agree to pay interest on the amount of the funds so prepositioned at the rate described in Clause 8.1 (Calculation of interest) and so that interest shall be paid together with the first payment of interest on the Loan after the Utilisation Date in respect of it or, if the Release Date does not occur, within three Business Days of demand by the Facility Agent.
Prepositioning of funds. Notwithstanding the foregoing provisions of this Clause 3 in the event that an Advance is required to be drawn down prior to the satisfaction of the conditions precedent listed in Schedule 2, Part B, paragraphs 1 to 4 inclusive (the "Relevant Conditions Precedent") remitted to the Existing Lender or the Seller, as the case may be, (the "Relevant Bank"), the Lender may in its absolute discretion agree to remit such amount to the Relevant Bank prior to satisfaction of the Relevant Conditions Precedent Provided that:
Prepositioning of funds. The Facility Agent shall, on each Drawdown Date, preposition the amounts which the Facility Agent receives from the Lenders in respect of that Advance by making payment of such amounts:
Prepositioning of funds. 5.5.1 The Agent shall, subject to the Agent having received (or being satisfied it will receive) all of the documents and evidence listed in Part I of Schedule 2 (Conditions precedent) or which are waived pursuant to this Agreement and/or waived on the basis of satisfaction of such requirements within a specified period of time, at the request of the Borrowers and in accordance with the terms of the relevant Building Contract and on terms and conditions reasonably acceptable to all the Lenders, preposition such part of the Loan as is to be used to finance the amount of the instalment of the Contract Price payable on the Delivery Date of the relevant Vessel under the relevant Building Contract to the Builder as has been received by it from the Lenders. Prepositioning of such funds shall constitute a Drawing of the Loan.
