Suspension of drawdown. If the Lender's notice under Clause 4.4 is served before a Tranche is advanced, the Lender's obligation to advance that Tranche shall be suspended while the circumstances referred to in the Lender's notice continue.
Appears in 2 contracts
Samples: Agreement (Diana Shipping Inc.), Loan Agreement (Euroseas Ltd.)
Suspension of drawdown. If the Lender's ’s notice under Clause 4.4 is served before a Tranche or, as the case may be, Advance is advancedmade, the Lender's ’s obligation to advance make available that Tranche or, as the case may be, Advance shall be suspended while the circumstances referred to in the Lender's ’s notice continue.
Appears in 2 contracts
Samples: Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Suspension of drawdown. If the Lender's notice under Clause 4.4 is served before a Tranche is advancedmade, the Lender's obligation to advance that make the Tranche shall be suspended while the circumstances referred to in the Lender's notice continue.
Appears in 1 contract
Samples: Loan Agreement (Box Ships Inc.)
Suspension of drawdown. If the Lender's ’s notice under Clause 4.4 is served before a Tranche is advanced, the Lender's ’s obligation to advance that the Tranche shall be suspended while the circumstances referred to in the Lender's ’s notice continue.
Appears in 1 contract
