Common use of Waivers of conditions precedent Clause in Contracts

Waivers of conditions precedent. If the Lender, at its discretion, permits an Advance to be borrowed before certain of the conditions referred to in Clause 8.1 are satisfied, the Borrowers shall ensure that those conditions are satisfied within 20 Business Days after the relevant Drawdown Date (or such longer period as the Lender may specify).

Appears in 2 contracts

Samples: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)

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Waivers of conditions precedent. If the Lender, at its discretion, permits an Advance to be borrowed before certain of the conditions referred to in Clause 8.1 are satisfied, the Borrowers shall ensure that those conditions are satisfied within 20 5 Business Days after the relevant Drawdown Date (or such longer period as the Lender may specify).

Appears in 2 contracts

Samples: Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (StealthGas Inc.)

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Waivers of conditions precedent. If the Lender, at its discretion, permits a Tranche or an Advance to be borrowed before certain of the conditions referred to in Clause 8.1 are satisfied, the Borrowers shall ensure that those conditions are satisfied within 20 5 Business Days after the relevant Drawdown Date (or such longer period as the Lender may specify).

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

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