Common use of Suspension of drawdown Clause in Contracts

Suspension of drawdown. If Clauses 5.5 or 5.7 apply before the Loan is made the Lenders’ obligations to make the Loan shall be suspended while the circumstances referred to in the Agent’s notice continue.

Appears in 4 contracts

Samples: Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

AutoNDA by SimpleDocs

Suspension of drawdown. If Clauses 5.5 or 5.7 5.6 apply before the Loan is made the Lenders' obligations to make the Loan shall be suspended while the circumstances referred to in the Agent’s 's notice continue.

Appears in 1 contract

Samples: Agreement (Capital Product Partners L.P.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!