Suspension of drawdown. If the Lender’s notice under Clause 4.4 is served before the Loan is made, the Lender’s obligation to make the Loan shall be suspended while the circumstances referred to in the Lender’s notice continue.
Appears in 6 contracts
Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Box Ships Inc.), Loan Agreement (DryShips Inc.)
Suspension of drawdown. If the Lender’s 's notice under Clause 4.4 is served before the Loan is made, the Lender’s 's obligation to make the Loan shall be suspended while the circumstances referred to in the Lender’s 's notice continue.
Appears in 5 contracts
Samples: Loan Agreement (Paragon Shipping Inc.), Amending and Restating Agreement (Star Bulk Carriers Corp.), Loan Agreement (TBS International LTD)
Suspension of drawdown. If the Lender’s notice under Clause 4.4 is served before the Loan is madeadvanced, the Lender’s obligation to make advance the Loan shall be suspended while the circumstances referred to in the Lender’s notice continue.
Appears in 4 contracts
Samples: Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)
Suspension of drawdown. If the Lender’s notice under Clause 4.4 is served on the Borrower before the Loan is made, the Lender’s obligation to make the Loan shall be suspended while the circumstances referred to in the Lender’s notice continue.
Appears in 2 contracts
Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)
Suspension of drawdown. If the Lender’s 's notice under Clause 4.4 is served before the Loan is madeadvanced, the Lender’s 's obligation to make advance the Loan shall be suspended while the circumstances referred to in the Lender’s 's notice continue.
Appears in 2 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (StealthGas Inc.)
Suspension of drawdown. If the Lender’s notice under Clause 4.4 is served before the Loan first Advance is made, the Lender’s obligation to make the Loan shall be suspended while the circumstances referred to in the Lender’s notice continue.
Appears in 2 contracts
Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)
Suspension of drawdown. If the Lender’s notice under Clause 4.4 is served given before the Loan is madeadvanced, the Lender’s obligation to make advance the Loan shall be suspended while the circumstances referred to in the Lender’s notice continue.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)
Suspension of drawdown. If the Lender’s 's notice under Clause 4.4 3.4 is served before the Loan is made, the Lender’s 's obligation to make the Loan shall be suspended while the circumstances referred to in the Lender’s 's notice continue.
Appears in 1 contract
Samples: Fourth Amending and Restating Agreement (DryShips Inc.)
Suspension of drawdown. If the Lender’s notice under Clause 4.4 3.4 is served before the Loan is made, the Lender’s obligation to make the Loan shall be suspended while the circumstances referred to in the Lender’s notice continue.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Suspension of drawdown. If the Lender’s notice under Clause 4.4 is served before the Loan (or any part thereof) is madeadvanced, the Lender’s obligation to make advance the Loan (or any part thereof) shall be suspended while the circumstances referred to in the Lender’s notice continue.
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)
Suspension of drawdown. If the Lender’s notice under Clause 4.4 is served before the Loan is made, the Lender’s obligation to make the Loan shall than be suspended while the circumstances referred to in the Lender’s notice continue.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Suspension of drawdown. If the Lender’s notice under Clause 4.4 5.4 is served on the Borrower before the Loan is made, the Lender’s obligation to make the Loan shall be suspended while the circumstances referred to in the Lender’s notice continue.
Appears in 1 contract
