Waiver of conditions precedent. The conditions specified in this Clause 4 (Conditions of Utilisation) are solely for the benefit of the Lenders and may be waived on their behalf in whole or in part and with or without conditions by the Agent (acting on the instructions of all of the Lenders).
Appears in 6 contracts
Samples: Amendment and Restatement Agreement (DHT Holdings, Inc.), Term Loan Facility Agreement (KNOT Offshore Partners LP), Term Loan Facilities Agreement (DHT Holdings, Inc.)
Waiver of conditions precedent. The conditions specified in this Clause 4 (Conditions of Utilisation) are solely for the benefit of the Lenders and may be waived on their behalf in whole or in part and with or without conditions by the Agent (acting on the instructions of all of the Majority Lenders).
Appears in 5 contracts
Samples: Term Loan Facility Agreement (DHT Holdings, Inc.), Term Loan Facility Agreement (DHT Holdings, Inc.), Revolving Credit Facility Agreement (Seawell LTD)
Waiver of conditions precedent. The conditions specified in this Clause 4 (Conditions of Utilisation) are solely for the benefit of the Lenders and may be waived on their behalf in whole or in part and with or without conditions by the Agent (acting on the instructions of all of upon approval by the Lenders, such approval not to be unreasonably withheld or delayed).
Appears in 4 contracts
Samples: Senior Secured Revolving Credit Facility Agreement (Gulfmark Offshore Inc), Multi Currency Revolving Credit Facility Agreement (Gulfmark Offshore Inc), Multi Currency Revolving Credit Facility Agreement (Gulfmark Offshore Inc)
Waiver of conditions precedent. The conditions specified in this Clause 4 (Conditions of UtilisationPrecedent) are inserted solely for the benefit of the Lenders and may be waived on their behalf in whole or in part and with or without conditions by the Facility Agent (acting on the instructions instruction of all the Lenders without prejudicing the right of the Lenders)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 3 contracts
Samples: Credit Loan Facility Agreement (Smedvig Asa), Third Supplemental Agreement to the Usd600,000,000 Reducing and Revolving Credit Loan Facility (Smedvig Asa), Loan Agreement (Smedvig Asa)
Waiver of conditions precedent. The conditions specified in this Clause 4 5 (Conditions of for Utilisation) are solely for the benefit of the Lenders and may be waived on their behalf in whole or in part and with or without conditions by the Agent (acting on the instructions of all of the Lenders)Agent.
Appears in 2 contracts
Samples: Facility Agreement (Pangaea Logistics Solutions Ltd.), Facility Agreement (Quartet Holdco Ltd.)
Waiver of conditions precedent. The conditions specified precedent in this Clause 4 (Conditions of Utilisation) are solely for the benefit of the Lenders Lenders, and may be waived on their behalf or deferred in whole or in part and with or without conditions by written notice delivered to the Agent (acting on Obligors by the instructions of all of the Lenders)Facility Agent.
Appears in 2 contracts
Samples: Senior Facilities Agreement (Atlatsa Resources Corp), Senior Term Loan and Revolving Facilities Agreement (Atlatsa Resources Corp)
Waiver of conditions precedent. The conditions specified to be fulfilled by the Borrower in this Clause 4 (Conditions of Utilisation) are solely for the benefit of the Lenders and may be waived on their behalf in whole or in part and with or without conditions by the Agent (acting on the instructions of all of after consultation with the Lenders).
Appears in 1 contract
Waiver of conditions precedent. The conditions specified in this Clause clause 4 (Conditions of Utilisation) are inserted solely for the benefit of the Lenders and may be waived by the Facility Agent (acting on their behalf the instructions of the Majority Lenders) in whole or in part and with or without conditions by the Agent (acting on the instructions of all of the Lenders)conditions.
Appears in 1 contract
Samples: On Delivery Facility Agreement (Paragon Shipping Inc.)
Waiver of conditions precedent. The conditions specified in this Clause 4 (Conditions of Utilisation) are solely for the benefit of the Lenders and may be waived on their behalf in whole or in part and with or without conditions by the Agent (acting on the instructions of all of the Majority Lenders).
Appears in 1 contract
Samples: Revolving Credit Facility Agreement (Nordic American Tanker Shipping LTD)
Waiver of conditions precedent. The conditions specified in this Clause 4 (Conditions of Utilisation) are solely for the benefit of the Lenders and may be waived on their behalf in whole or in part and with or without conditions by the Agent (acting on the instructions of all of the Lenders).. Table of Contents
Appears in 1 contract
Waiver of conditions precedent. The conditions specified in this Clause clause 4 (Conditions of Utilisation) are inserted solely for the benefit of the Lenders and may be waived on their behalf in whole or in part and with or without conditions by the Facility Agent (acting on the instructions of all the Lenders in relation to the first Utilisation under any Facility and on the instructions of the Lenders)Majority Lenders in respect of subsequent Utilisations 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 Utilisation.
Appears in 1 contract
Samples: Facilities Agreement (Hungarian Telephone & Cable Corp)
Waiver of conditions precedent. The conditions specified in this Clause 4 (Conditions of Utilisation) are solely for the benefit of the Lenders Lender and may be waived on their behalf in whole or in part and with or without conditions by the Agent (acting on the instructions of all of the Lenders).Lender. SECTION 3 UTILISATION
Appears in 1 contract
Samples: Senior Secured Revolving Loan Facility Agreement (DHT Holdings, Inc.)
