Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit a Tranche to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the relevant Drawdown Date (or such longer period as the Agent may, with the authorisation of the Majority Lenders, specify).
Appears in 10 contracts
Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Pyxis Tankers Inc.)
Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit a Tranche to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrowers Borrower shall ensure that those conditions are satisfied within 5 Business Days after the relevant Drawdown Date relative to that Tranche (or such longer period as the Agent may, with the authorisation authority of the Majority Lenders, specify).
Appears in 3 contracts
Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)
Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit a Tranche to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrowers Borrower shall ensure that those conditions are satisfied within 5 Business Days after the relevant Drawdown Date relating to that Tranche (or such longer period as the Agent may, with the authorisation of the Majority Lenders, specify).
Appears in 2 contracts
Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Bulkers Inc.)
Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit a Tranche to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the relevant Drawdown Date relating to that Tranche (or such longer period as the Agent may, with the authorisation of the Majority Lenders, specify).
Appears in 2 contracts
Samples: Agreement (Scorpio Bulkers Inc.), Agreement (Scorpio Tankers Inc.)
Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit a Tranche to be borrowed before certain any of the conditions precedent referred to in Clause 9.1 are 4.1 (Initial conditions precedent) or Clause 4.2 (Further conditions precedent) has been satisfied, the Borrowers shall ensure that those conditions are that condition is satisfied within 5 five Business Days after the relevant Drawdown Utilisation Date (or such longer period later date as the Agent mayFacility Agent, acting with the authorisation of the Majority Lenders, specify)may agree in writing with the Borrowers.
Appears in 2 contracts
Samples: Assignment Agreement (Dorian LPG Ltd.), Assignment Agreement (Dorian LPG Ltd.)
Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit a the Tranche to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrowers shall ensure that those conditions are satisfied within 5 10 Business Days after the relevant Drawdown Date (or such longer period as the Agent may, with the authorisation of the Majority Lenders, specify).
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Global Ship Lease, Inc.)
Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit a Tranche to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the relevant applicable Drawdown Date (or such longer period as the Agent may, with the authorisation of the Majority Lenders, specify).
Appears in 1 contract
Waiver of conditions precedent. If the Majority Lenders, Lender at their its discretion, permit permits a Tranche to be borrowed before certain of the conditions referred to in Clause 9.1 8.1 are satisfied, the Borrowers Borrower shall ensure that those conditions are satisfied within 5 Business Days after the relevant Drawdown Date (or such longer period as the Agent may, with the authorisation of the Majority Lenders, Lender may specify).
Appears in 1 contract
Samples: Loan Agreement (Box Ships Inc.)
Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit a Tranche to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrowers shall ensure that those conditions are satisfied within 5 10 Business Days after the relevant Drawdown Date (or such longer period as the Agent may, with the authorisation of the Majority Lenders, specify).
Appears in 1 contract
Samples: Loan Agreement (Poseidon Containers Holdings Corp.)
Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit a the Tranche to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrowers shall ensure that those conditions are satisfied within 5 10 Business Days after the relevant Drawdown Date (or such longer period as the Agent may, with the authorisation of the Majority Lenders, specify).
Appears in 1 contract
Waiver of conditions precedent. If the Majority Lenders, at their discretion, permit a Tranche to be borrowed before certain of the conditions referred to in Clause 9.1 are satisfied, the Borrowers shall ensure that those conditions are satisfied within 5 10 Business Days after the relevant Drawdown Date (or such longer period as the Agent may, with the authorisation of the Majority Lenders, specify).
Appears in 1 contract
