Purpose of Advances. The Borrowers undertake with each Creditor Party to use each Advance only for the purpose stated in the preamble to this Agreement.
Appears in 18 contracts
Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Castor Maritime Inc.), Loan Agreement (Castor Maritime Inc.)
Purpose of Advances. The Borrowers undertake Borrower undertakes with each Creditor Party to use each Advance only for the purpose stated in the preamble to this Agreement.
Appears in 10 contracts
Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)
Purpose of Advances. The Borrowers undertake Borrower undertakes with each Creditor Party to use each Advance only for the purpose purposes stated in the preamble Recitals to this Agreement.
Appears in 10 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement (Capital Product Partners L.P.)
Purpose of Advances. The Borrowers undertake with each Creditor Party to use each Advance only for the purpose respective purposes stated in the preamble to of this Agreement.
Appears in 3 contracts
Samples: Loan Agreement (TBS International PLC), Loan Agreement (TBS International PLC), Loan Agreement (TBS International LTD)
Purpose of Advances. The Borrowers undertake Borrower undertakes with each Creditor Party to use each Advance only for the purpose purposes stated in the preamble to Recitals of this Agreement.
Appears in 3 contracts
Samples: Loan Agreement (Eagle Bulk Shipping Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)
Purpose of Advances. The Borrowers undertake with each Creditor Party to use each Advance only for the purpose stated in the preamble to this Agreement.. POSITION OF THE LENDERS, THE SWAP BANKS AND THE MAJORITY LENDERS
Appears in 2 contracts
Samples: Loan Agreement (Costamare Partners LP), Loan Agreement (Costamare Partners LP)
Purpose of Advances. The Borrowers undertake Borrower undertakes with each Creditor Party to use each Advance only for the purpose purposes stated in the preamble Recital to this Agreement.
Appears in 2 contracts
Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)
Purpose of Advances. The Borrowers undertake with each Creditor Party to use each Advance only for the purpose stated in the preamble to this AgreementAgreement and in Clause 2.1.";
Appears in 1 contract
Purpose of Advances. The Borrowers undertake Borrower undertakes with each Creditor Party to use each Advance only for the purpose stated in the preamble to this Agreement.Agreement and Clause 2.1. 3 POSITION OF THE LENDERS AND THE MAJORITY LENDERS
Appears in 1 contract
Purpose of Advances. The Borrowers undertake Each Borrower undertakes with each Creditor Party to use each Advance only for the purpose purposes stated in the preamble Recitals to this Agreement.
Appears in 1 contract
Purpose of Advances. The Borrowers undertake with each Creditor Party to use each Advance only for the purpose purposes stated in the preamble to this Agreement.
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)
Purpose of Advances. The Borrowers undertake Each Borrower undertakes with each Creditor Party to use each Advance only for the purpose purposes stated in the preamble recitals to this Agreement.
Appears in 1 contract
Purpose of Advances. The Borrowers undertake Borrower undertakes with each Creditor Party to use each Term Advance and each Newbuilding Advance only for the purpose respective purposes stated in the preamble to this Agreement.
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)
Purpose of Advances. The Borrowers undertake with hereby confirm to each Creditor Party to use that each Advance was used only for the purpose stated in the preamble to this Agreement.
Appears in 1 contract
Purpose of Advances. The Borrowers undertake Borrower undertakes with each Creditor Party to use each Advance only for the purpose stated in the preamble to this Agreement.. 3 POSITION OF THE LENDERS, THE SWAP BANK AND THE MAJORITY LENDERS
Appears in 1 contract
Purpose of Advances. The Borrowers undertake Borrower undertakes with each Creditor Party to use each Term Advance and each Revolving Advance only for the purpose respective purposes stated in the preamble to this Agreement.
Appears in 1 contract
Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Purpose of Advances. The Borrowers undertake Each Borrower undertakes with each Creditor Party to use each Advance only for the purpose stated in the preamble to this Agreement.
Appears in 1 contract
