Common use of Waiver of conditions precedent Clause in Contracts

Waiver of conditions precedent. The conditions specified in this clause 9 are inserted solely for the benefit of the Lenders and may be waived by the Agent in whole or in part and with or without conditions only with the consent of the Majority Lenders.

Appears in 28 contracts

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

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Waiver of conditions precedent. The conditions specified in this clause 9 are inserted solely for the benefit of the Lenders and may be waived by the Agent in whole or in part and with or without conditions only with the consent of the Majority Lenders.

Appears in 3 contracts

Samples: Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Acquisition CORP), Navios Maritime Acquisition CORP

Waiver of conditions precedent. The conditions specified in this clause 9 are inserted solely for the benefit of the Lenders Creditors and may be waived by the Agent (acting on the instructions of the Majority Banks) in whole or in part and with or without conditions only with the consent of the Majority Lendersconditions.

Appears in 2 contracts

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)

Waiver of conditions precedent. The conditions specified in this clause Clause 9 are inserted solely for the benefit of the Lenders and may be waived by the Agent (acting on the instructions of the Majority Lenders) in whole or in part and with or without conditions only with the consent of the Majority Lendersconditions.

Appears in 2 contracts

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

Waiver of conditions precedent. The conditions specified in this clause 9 are inserted solely for the benefit of the Lenders Creditors and may be waived by the Facility Agent (acting on the instructions of all the Lenders) in whole or in part and with or without conditions only with the consent of the Majority Lendersconditions.

Appears in 2 contracts

Samples: Facilities Agreement, Confidential (Golar LNG Partners LP)

Waiver of conditions precedent. The conditions specified in this clause 9 are inserted solely for the benefit of the Lenders and may be waived by the Agent (acting on the instructions of all the Lenders) in whole or in part and with or without conditions only with the consent of the Majority Lendersconditions.

Appears in 2 contracts

Samples: Seanergy Maritime Holdings Corp., Seanergy Maritime Holdings Corp.

Waiver of conditions precedent. The conditions specified in this clause 9 are inserted solely for the benefit of the Lenders and may be waived by the Agent on their behalf in whole or in part and with or without conditions only with by the consent Facility Agent acting on the instructions of the Majority Lenders (or in the case of any waiver in relation to the execution of any of the Security Documents, all the Lenders) in respect of the first or any other Advance without prejudicing the right of the Facility Agent acting on such instructions to require fulfilment of such conditions in whole or in part in respect of any other Advance.

Appears in 1 contract

Samples: Agreement (Teekay LNG Partners L.P.)

Waiver of conditions precedent. (a) The conditions specified in this clause Clause 9 (Conditions Precedent) are inserted solely for the benefit of the Lenders and may be waived by the Agent on their behalf in whole or in part and with or without conditions only with by the consent Agent (acting on the instructions of the Majority Lenders.Lenders unless it is a non-material matter of administrative or technical character where the Agent may act in its sole discretion);

Appears in 1 contract

Samples: Dynagas LNG Partners LP

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Waiver of conditions precedent. The conditions specified in this clause 9 are inserted solely for the benefit of the Lenders and may be waived by the Agent on their behalf in whole or in part and with or without conditions only with by the consent Agent acting on the instructions of the Majority Lenders (or in the case of any waiver in relation to the execution of any of the Security Documents, all the Lenders) in respect of the first or any other Advance without prejudicing the right of the Agent acting on such instructions to require fulfilment of such conditions in whole or in part in respect of any other Advance.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Waiver of conditions precedent. The conditions specified in this clause 9 are inserted solely for the benefit of the Lenders and may be waived by the Agent on their behalf in whole or in part and with or without conditions only with by the consent Facility Agent acting on the instructions of the Majority LendersLenders in respect of the first or any Advance without prejudicing the right of the Facility Agent acting on such instructions to require fulfilment of such conditions in whole or in part in respect of any other Advance.

Appears in 1 contract

Samples: Agreement (DryShips Inc.)

Waiver of conditions precedent. The conditions specified in this clause 9 are inserted solely for the benefit of the Lenders and may be waived by the Agent on their behalf in whole or in part and with or without conditions only with by the consent of the Majority LendersAgent.

Appears in 1 contract

Samples: Loan Agreement (American Eagle Tankers Inc LTD)

Waiver of conditions precedent. 9.2.1 The conditions specified in this clause 9 are inserted solely for the benefit of the Lenders and may be waived by the Agent in whole or in part and with or without conditions only with the consent of the Majority Lenders.

Appears in 1 contract

Samples: Navios Maritime Partners L.P.

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