Common use of Agent Only 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 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 3 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (Euroseas Ltd.)

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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 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 1 contract

Samples: 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 Agent shall not be obliged to make available to the any Borrower or any Lender or the any Swap Bank Counterparty 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 Counterparty until the Agent has satisfied itself that it has received that sum.

Appears in 1 contract

Samples: Loan Agreement

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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 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 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

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