Common use of Agent only obliged to pay when monies received Clause in Contracts

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Lender any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Lender until the Agent has satisfied itself that it has received that sum.

Appears in 47 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Credit Agreement (Scorpio Bulkers Inc.)

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Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower Borrowers or any Lender any sum which the Agent is expecting to receive for remittance or distribution to the Borrower Borrowers or that Lender until the Agent has satisfied itself that it has received that sum.

Appears in 25 contracts

Samples: Loan Agreement (EuroDry Ltd.), Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Lender or the Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Lender or the Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 13 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Paragon Shipping Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the any Borrower or any Lender or the Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender or the Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 12 contracts

Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Star Bulk Management Inc.), Loan Agreement (Poseidon Containers Holdings Corp.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Lender or any Swap Counterparty any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Lender or that Swap Counterparty until the Agent has satisfied itself that it has received that sum.

Appears in 8 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Seacastle Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the any Borrower or any Lender or any Swap Counterparty any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender or that Swap Counterparty until the Agent has satisfied itself that it has received that sum.

Appears in 6 contracts

Samples: Loan Agreement, Loan Agreement (Top Ships Inc.), Agreement (Dynagas LNG Partners LP)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the either Borrower or any Lender any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender until the Agent has satisfied itself that it has received that sum.

Appears in 6 contracts

Samples: Loan Agreement, Agreement (Navios Maritime Containers Inc.), Loan Agreement (Navios Maritime Acquisition CORP)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the any Borrower or any Lender any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender until the Agent has satisfied itself that it has received that sum.

Appears in 6 contracts

Samples: Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Partners L.P.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the either Borrower or any Lender or the Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender or the Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 5 contracts

Samples: Loan Agreement (Star Bulk Management Inc.), Loan Agreement (Box Ships Inc.), Loan Agreement (Diana Shipping Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or Borrower, any Lender any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Borrower, to that Lender until the Agent has satisfied itself that it has received that sum.

Appears in 3 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Partners L.P.), Execution Version (Navios Maritime Containers Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Lender or any Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Lender or that Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 3 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Britannia Bulk Holdings Inc)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Borrower, any Lender any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Borrower, to that Lender until the Agent has satisfied itself that it has received that sum.

Appears in 2 contracts

Samples: Agreement (Navios Maritime Containers Inc.), Agreement (Navios Maritime Partners L.P.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower Borrower, any Lender or any Lender Swap Counterparty any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Lender or that Swap Counterparty until the Agent has satisfied itself that it has received that sum.

Appears in 2 contracts

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

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Lender or either Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Lender or that Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 2 contracts

Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Payment Agent shall not be obliged to make available to the Borrower Borrowers or any Lender Credit Party any sum which the Payment Agent is expecting to receive for remittance or distribution to the Borrower Borrowers or that Lender Credit Party until the Payment Agent has satisfied itself that it has received that sum.

Appears in 2 contracts

Samples: Loan Agreement (TBS International LTD), Loan Agreement (TBS International LTD)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the any Borrower or any Lender or that Swap Counterparty any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender or that Swap Counterparty until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the a Borrower or any Lender any sum which the Agent is expecting to receive for remittance or distribution to the a Borrower or that Lender until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Lender or the Guarantee Issuer any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Lender or the Guarantee Issuer until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan and Guarantee Facility Agreement (DryShips Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower Obligors, the Issuing Bank or any Lender Bank any sum which the Agent is expecting to receive for remittance or distribution to the Borrower Obligors, the Issuing Bank or that Lender Bank until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Agreement (Euronav NV)

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Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower any Borrower, any Lender or any Lender Swap Counterparty any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender or that Swap Counterparty until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (GasLog Ltd.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the either Borrower or any Lender or any Swap Counterparty any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender or that Swap Counterparty until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Agreement (Scorpio Tankers Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower Borrowers or any Lender or any Swap Counterparty any sum which the Agent is expecting to receive for remittance or distribution to the Borrower Borrowers or that Lender or that Swap Counterparty until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the any Borrower or any Lender or the a Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender or the that Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Lender or any Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the Borrower Borrower, that Lender or that Lender Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Administrative Agent shall not be obliged to make available to the Borrower Borrowers or any Lender any sum which the Administrative Agent is expecting to receive for remittance or distribution to the Borrower Borrowers or that Lender until the Administrative Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Management Agreement (Pacific Drilling S.A.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower Borrowers or any Lender or any Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the Borrower Borrowers or that Lender or that Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Dynagas LNG Partners LP

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower Borrower, any Lender or any Lender Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the Borrower Borrower, that Lender or that Lender Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Lender or a Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Lender or that Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the any Borrower or any Lender or the Issuing Bank or the Swap Bank any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender or the Issuing Bank or the Swap Bank until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Agreement (NewLead Holdings Ltd.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Lender Credit Party any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Lender Credit Party until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (Oceanfreight Inc.)

Agent only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the a Borrower or any Lender any sum which the Agent is expecting to receive for remittance or distribution to the that Borrower or that Lender until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement (Global Ship Lease, Inc.)

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