Terms of Facility. 2.1 Revolving Line of Credit.
Terms of Facility. 15 2.1 Revolving Line of Credit................................................ 15 2.2 Letter of Credit Facility............................................... 16 2.3 Use of Loan Proceeds and Letters of Credit.............................. 18 2.4 Interest................................................................ 18 2.5 Repayment of Loans and Interest......................................... 18 2.6 Outstanding............................................................. 19 2.7 Time, Place, and Method of Payments..................................... 19 2.8
Terms of Facility a. The Lender makes available to the Borrower the Facility to be used for working capital purposes.
Terms of Facility a. The Lender hereby agrees to make available to the Co-Borrowers the Facility for the purpose of
Terms of Facility. 2.1 Revolving Line of Credit and Reducing Revolving Line of Credit. (a) Upon the terms and conditions (including, without limitation, the right of the Lender to decline to make any Loan so long as any Default or Event of Default exists) and relying on the representations and warranties contained in this Agreement, the Lender agrees, during the Commitment Period, to make Loans, in an aggregate principal amount outstanding at any time up to the lesser of $40,000,000 or the then existing Available Commitment, in immediately available funds at the Applicable Lending Office or the Principal Office, to or for the benefit of the Borrower, from time to time on any Business Day designated by the Borrower following receipt by the Lender of a Borrowing Request; provided, however, no Loan shall exceed the then existing Available Commitment.
Terms of Facility a. The Lender makes available to the Borrower the Facility to be used for the finance of the payment of the 10% deposit for the acquisition of the motor tanker “TRAPPER”, IMO No.8321321 from Messrs PARTREDERIET for M/T TRAPPER of Sweden as per Memorandum of Agreement dated 8th February 2006. The Facility will bear no interest at all.
Terms of Facility. (a) Revolving Line of Credit. Upon the terms and conditions (including, without limitation, the right of the Lender to decline to make any Loan so long as any Default or Event of Default exists) and relying on the representations and warranties contained in this Agreement, the Lender agrees, during the Commitment Period, to make Loans, in immediately available funds at the Principal Office, to or for the benefit of the Borrower, from time to time on any Business Day designated by the Borrower following receipt by the Lender of a Borrowing Request; provided, however, no Loan shall exceed the then existing Available Commitment.
Terms of Facility. 2.1. [Reserved].
Terms of Facility. 2.1 Loans 18 2.2 Letter of Credit Facility 18 2.3 Use of Loan Proceeds and Letters of Credit 19 2.4 Commitment Amount Increase 19 2.5 Interest 19 2.6 Repayment of Loans and Interest 20 2.7 Outstanding Amounts 20 2.8 Time, Place, and Method of Payments 20 2.9 Voluntary Prepayments and Conversions of Loans 20 2.10 Arrangement Fee 21 2.11 Respective Agent's Fees 21 2.12 Commitment Fees 21 2.13 Facility Fees 21 2.14 Letter of Credit Fees 22 2.15 Loans to Satisfy Obligations of Borrower 22 2.16
Terms of Facility a. The Lender makes available to the Borrower the Facility to be used for the finance of the payment of the 10% deposit for the acquisition of the motor tanker “AEGEAN PRIDE I”, IMO No.8027195 from Messrs BONAIRE SHIPHOLDING CO of Xxxxxxxx Islands as per Memorandum of Agreement dated 15 December 2005. The Facility will bear no interest at all.
