Common use of Second Advances Clause in Contracts

Second Advances. The obligation of the Bank to make a Second Advance available shall be subject to the condition that the Bank or its duly authorised representative shall have received, on or prior to the drawdown of such Second Advance, the relevant documents and evidence specified in Part 3 of schedule 2 in respect of such Second Advance in form and substance satisfactory to the Bank.

Second Advances. The obligation of the Bank to make a available the Second Advance available in respect of any Newbuilding shall be subject to the condition that the Bank or its duly authorised representative shall have received, on or prior to the drawdown of such the relevant Second Advance, the relevant documents and evidence specified in Part 3 of schedule 2 in respect of such Second Advance Newbuilding, in form and substance satisfactory to the Bank.