Common use of Waiver of conditions precedent Clause in Contracts

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority of the Majority Lenders, specify).

Appears in 13 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

AutoNDA by SimpleDocs

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance the Loan to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 11 contracts

Samples: Agreement (Capital Product Partners L.P.), Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 10 Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 5 contracts

Samples: Loan Agreement, Agreement (Dynagas LNG Partners LP), Loan Agreement (Dynagas LNG Partners LP)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the relevant Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 5 contracts

Samples: Loan Agreement (Navios Maritime Containers L.P.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the relevant Drawdown Date relative to that Advance (or such longer period as the Facility Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 4 contracts

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

Waiver of conditions precedent. If all the Lenders or, in relation to a condition which the Agent determines is non-material, the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 14 Business Days days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of all the Lenders or (as the case may be) the Majority Lenders, specify).

Appears in 3 contracts

Samples: Loan Agreement (TBS International PLC), Loan Agreement (TBS International PLC), Loan Agreement (TBS International LTD)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority of the Majority Lenders, specify).

Appears in 3 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an the Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 3 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Partners L.P.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an the Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 7 Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 3 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (Euroseas Ltd.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance the Loan to be borrowed advanced before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority of the Majority Lenders, specify).

Appears in 3 contracts

Samples: Agreement (Euroseas Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the relevant Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 3 contracts

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.), Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Delivery Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 2 contracts

Samples: Loan Agreement (GasLog Partners LP), Loan Agreement

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 10.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 10 Business Days after the relevant Drawdown Date relative to that Advance (or such longer period as the Agent mayAgent, with the authority authorisation of the Majority Lenders, specifyspecifies).

Appears in 2 contracts

Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Danaos Corp)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 2 contracts

Samples: Loan Agreement (Euronav NV), Agreement (Euronav NV)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 2 contracts

Samples: Loan Agreement (Euronav NV), Loan Agreement (Top Ships Inc.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 five Business Days after the relevant Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 2 contracts

Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Castor Maritime Inc.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 10 Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 2 contracts

Samples: Loan Agreement (Crude Carriers Corp.), Loan Agreement (Crude Carriers Corp.)

Waiver of conditions precedent. If the Majority Lenders, Lender at their its discretion, permit permits an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 8.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority of the Majority Lenders, Lender may specify).

Appears in 2 contracts

Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the relevant Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 2 contracts

Samples: Agreement (Seanergy Maritime Holdings Corp.), Agreement (Seanergy Maritime Holdings Corp.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance the Loan to be borrowed before certain of the conditions referred to in Clause 9.1 (Documents, fees and no default) are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority of the Majority Lenders, specify).

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance the Effective Date to be borrowed occur before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Effective Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 2 contracts

Samples: Loan Agreement (GasLog Partners LP), Loan Agreement

Waiver of conditions precedent. If all the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the relevant Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of all the Majority Lenders, specify).

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Holdings Inc.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 10 Business Days days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 2 contracts

Samples: Loan Agreement (GasLog Ltd.), Loan Agreement (GasLog Ltd.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 8.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 10 Business Days after the relevant Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 2 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Acquisition CORP)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are 9.1are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the relevant Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 1 contract

Samples: Agreement (Navios Maritime Containers Inc.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the relevant Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority all Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed and/or (as the case may be) a Guarantee to be issued before certain of the conditions referred to in Clause 9.1 10.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 10 Business Days after the relevant Drawdown Date relative to that Advance (or such longer period as the Agent mayAgent, with the authority authorisation of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 (Documents, fees and no default) are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the relevant Drawdown Date relative to that Advance (or such longer other period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Delivery Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (GasLog Ltd.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 Business Days days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 1 contract

Samples: Agreement (NewLead Holdings Ltd.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an the Advance to be borrowed before certain of the conditions referred to in Clause 9.1 (Documents, fees and no default) are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

Waiver of conditions precedent. If the Majority LendersLender, at their its discretion, permit permits an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 8.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 Business Days days after the relevant Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority of the Majority Lenders, Lender may specify).

Appears in 1 contract

Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an any Advance to be borrowed before certain of the conditions referred to in Clause 9.1 Section 10 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 five (5) Business Days after the relevant Drawdown Date relative to that Advance (or within such longer period as the Administrative Agent may, with the authority authorization of the Majority Lenders, specify).

Appears in 1 contract

Samples: Management Agreement (Pacific Drilling S.A.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance the Loan to be borrowed before certain of the conditions referred to in Clause 9.1 (Documents, fees and no default) are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 five (5) Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

AutoNDA by SimpleDocs

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower Facility Agent will, acting on the instructions of the Majority Lenders, issue a conditions precedent waiver letter and the Borrowers shall ensure that those conditions are satisfied within 5 Business Days after of the Drawdown Date relative to that Advance date of such letter (or such longer period as the Facility Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 1 contract

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

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days such period after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days days after the relevant Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days days after the relevant Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Waiver of conditions precedent. If the Majority LendersLender, at their its discretion, permit permits an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 8.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date relative applicable to that Advance (or such longer period as the Agent may, with the authority of the Majority Lenders, Lender may specify).

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Waiver of conditions precedent. If (a) Subject to paragraph (b) below, if the Majority Lenders, at their discretion, permit an Advance the Loan to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 1 contract

Samples: Agreement (Diana Shipping Inc.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance the Loan to be borrowed before certain of the conditions referred to in Clause 9.1 ( Documents, fees and no default ) are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 five Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).. REPRESENTATIONS

Appears in 1 contract

Samples: Diana Shipping Inc.

Waiver of conditions precedent. If the Majority Lenders, Lenders at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the relevant Drawdown Date relative to that Advance (or such longer period as the Agent mayAgent, with the authority authorisation of the Majority Lenders, specifyLenders specifies).

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Waiver of conditions precedent. If the Majority Lenders, Lenders at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the relevant Drawdown Date relative to that Advance (or such longer other period as the Agent mayAgent, with the authority authorisation of the Majority Lenders, specifyspecifies).

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain any of the conditions precedent referred to in Clause 9.1 are 4.1 (Conditions of Drawdown) or Clause 4.2 (Conditions precedent to each Advance) has been satisfied, the Borrower shall ensure that those conditions are the waived condition is satisfied within 5 five Business Days after the relevant Drawdown Date relative to that Advance (or such longer period later date as the Agent mayFacility Agent, acting with the authority authorization of the Majority Lenders, specify)may agree in writing with the Borrower.

Appears in 1 contract

Samples: Facility Agreement (Scorpio Tankers Inc.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed or the Guarantee Facility to be made available before certain of the conditions referred to in Clause 9.1 14.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 Business Days days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 1 contract

Samples: Agreement (NewLead Holdings Ltd.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an the Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Containers Inc.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the relevant Drawdown Date relative to that Advance (or such longer period as the Facility Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 1 contract

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

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed advanced before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the relevant Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the relevant conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days days after the relevant Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (Seacastle Inc.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance the Loan to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 10 Business Days days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 20 Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (Costamare Partners LP)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 10 Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent mayAgent, with the authority authorisation of the Majority Lenders, specifyspecifies).

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Waiver of conditions precedent. If the Agent, with the consent of the Majority Lenders, at their discretion, permit an permits the Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are 8.1 shall be satisfied, the Borrower shall ensure that those conditions are satisfied within 5 five Business Days after the Actual Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority of the Majority Lenders, may specify).

Appears in 1 contract

Samples: Loan Agreement (Top Ships Inc.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an the relevant Advance to be borrowed before certain of the conditions referred to in Clause 9.1 (Document, fees and no default) are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition Corp)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 (Documents, fees and no default ) are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 five Business Days after the relevant Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (Castor Maritime Inc.)

Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit an Advance to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 7 Business Days after the relevant Drawdown Date relative to that Advance (or such longer period as the Agent may, with the authority authorisation of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (Product Shipping Ltd.)

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