Suspension of drawdown. If the Lender’s notice under Clause 4.4 is served before an Advance is made, the Lender’s obligation to make the Advance shall be suspended while the circumstances referred to in the Lender’s notice continue.
Appears in 5 contracts
Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)
Suspension of drawdown. If the Lender’s 's notice under Clause 4.4 is served before an Advance is made, the Lender’s 's obligation to make the Advance shall be suspended while the circumstances referred to in the Lender’s 's notice continue.
Appears in 5 contracts
Samples: Agreement (TBS International LTD), Agreement (StealthGas Inc.), Loan Agreement (Mc Shipping Inc)
Suspension of drawdown. If the Lender’s notice under Clause 4.4 is served before an Advance is made, the Lender’s obligation to make the that Advance shall be suspended while the circumstances referred to in the Lender’s notice continue.
Appears in 3 contracts
Samples: Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (DryShips Inc.)
Suspension of drawdown. If the Lender’s notice under Clause 4.4 4.5 is served before an Advance is made, the Lender’s obligation to make the that Advance shall be suspended while the circumstances referred to in the Lender’s notice continue.
Appears in 2 contracts
Samples: Loan Agreement (Arlington Tankers Ltd.), Loan Agreement (General Maritime Corp / MI)
Suspension of drawdown. If the Lender’s 's notice under Clause 4.4 is served before an the Advance is made, the Lender’s 's obligation to make the Advance shall be suspended while the circumstances referred to in the Lender’s 's notice continue.
Appears in 2 contracts
Samples: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)
Suspension of drawdown. If the Lender’s 's notice under Clause 4.4 is served before an Advance is made, the Lender’s 's obligation to make the that Advance shall be suspended while the circumstances referred to in the Lender’s 's notice continue.
Appears in 2 contracts
Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Omega Navigation Enterprises, Inc.)
Suspension of drawdown. If the Lender’s 's notice under Clause 4.4 is served before an Advance is made, the Lender’s 's obligation to make the such Advance shall be suspended while the circumstances referred to in the Lender’s 's notice continue.
Appears in 2 contracts
Samples: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)
Suspension of drawdown. If the Lender’s 's notice under Clause 4.4 4.5 is served before an Advance is made, the Lender’s obligation to make the that Advance shall be suspended while the circumstances referred to in the Lender’s 's notice continue.
Appears in 1 contract
Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)
Suspension of drawdown. If the Lender’s 's notice under Clause 4.4 is served before an Advance is made, the Lender’s 's obligation to make the that Advance available shall be suspended while the circumstances referred to in the Lender’s 's notice continue.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
Suspension of drawdown. If the Lender’s notice under Clause 4.4 is served before an Advance is made, the Lender’s obligation to make that Advance (or the Advance relevant Tranche under that Advance) shall be suspended while the circumstances referred to in the Lender’s notice continue.
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)
