Common use of Agreement of the Bank Clause in Contracts

Agreement of the Bank. 3.1 The Bank, relying upon each of the representations and warranties set out in Clause 2 hereby agree with the Borrower, subject to and upon the terms and conditions of this Agreement and in particular, but without limitation, subject to the fulfilment of the conditions precedent set out in Clause 4, to consent to the amendment of the Principal Agreement as set out in Clause 5 hereof and the Bank has agreed so to do conditionally upon terms that (inter alia) the Principal Agreement shall be amended in the manner hereinafter set out.

Appears in 2 contracts

Samples: First Supplemental Agreement (NewLead Holdings Ltd.), Fifth Supplemental Agreement (NewLead Holdings Ltd.)

AutoNDA by SimpleDocs

Agreement of the Bank. 3.1 The Bank, relying upon each of the representations and warranties set out in Clause 2 hereby agree agrees with the BorrowerBorrowers, subject to and upon the terms and conditions of this Agreement and in particular, but without limitation, subject to the fulfilment of the conditions precedent set out in Clause 43, to consent to the amendment of the Principal Agreement as set out in Clause 5 hereof and the Bank has agreed so to do conditionally upon terms that (inter alia) the Principal Agreement shall be amended in the manner hereinafter set out.:

Appears in 1 contract

Samples: Second Supplemental Agreement (Poseidon Containers Holdings Corp.)

Agreement of the Bank. 3.1 The Bank, relying upon each of the representations and warranties set out in Clause clause 2 hereby agree with the Borrower, subject to and upon the terms and conditions of this Agreement and in particular, but without limitation, subject to the fulfilment of the conditions precedent set out in Clause 4, clause 4 to consent to the amendment of the Principal Agreement as and the Principal Master Agreement in the manner more particularly set out in Clause 5 hereof and the Bank has agreed so to do conditionally upon terms that (inter alia) the Principal Agreement shall be amended in the manner hereinafter set outclause 5.1.

Appears in 1 contract

Samples: Fifth Supplemental Agreement (NewLead Holdings Ltd.)

Agreement of the Bank. 3.1 The Bank, relying upon each of the representations and warranties set out in Clause 2 hereby agree with the Borrower, subject to and upon the terms and conditions of this Agreement and in particular, but without limitation, subject to the fulfilment of the conditions precedent set out in Clause 4, to consent to the amendment of the Principal Agreement as set out in Clause 5 hereof repayment schedule of the Loan and the Bank has agreed so to do conditionally upon terms that (inter alia) the Principal Agreement shall be amended in the manner hereinafter more particularly set outout in Clause 5.1.

Appears in 1 contract

Samples: Third Supplemental Agreement (NewLead Holdings Ltd.)

Agreement of the Bank. 3.1 The Bank, relying upon each of the representations and warranties set out in Clause 2 hereby agree agrees with the Borrower, subject to and upon the terms and conditions of this Agreement and in particular, but without limitation, subject to the fulfilment of the conditions precedent set out in Clause 4, to consent to the amendment of the Principal Agreement as set out in Clause 5 hereof and the Bank has agreed so to do conditionally upon terms that (inter alia) the Principal Agreement shall be amended in the manner hereinafter set out.to:

Appears in 1 contract

Samples: Second Supplemental Agreement (NewLead Holdings Ltd.)

Agreement of the Bank. 3.1 2.1 The Bank, relying upon each of the representations and warranties set out on the part of the Borrower contained in Clause 2 hereby agree clause 4, agrees with the BorrowerBorrower that, subject to and upon the terms and conditions of this Agreement and in particular, but without limitation, subject prejudice to the generality of the foregoing, fulfilment on or before 26 March 2008 of the conditions precedent set out contained in Clause 4, to consent clause 5 the Bank agrees to the amendment of the Principal Agreement as on the terms set out in Clause 5 hereof and the Bank has agreed so to do conditionally upon terms that (inter alia) the Principal Agreement shall be amended in the manner hereinafter set outclause 3.

Appears in 1 contract

Samples: Supplemental Agreement (Top Ships Inc.)

AutoNDA by SimpleDocs

Agreement of the Bank. 3.1 The Bank, relying upon each of the representations and warranties set out in Clause 2 hereby agree agrees with the Borrower, subject to and upon the terms and conditions of this Agreement and in particular, but without limitation, subject to the fulfilment of the conditions precedent set out in Clause 4, to consent to the amendment of the Principal Agreement as set out in Clause 5 hereof and the Bank has agreed so to do conditionally upon terms that (inter alia) the Principal Agreement shall be amended in the manner hereinafter set out.:

Appears in 1 contract

Samples: First Supplemental Agreement (Costamare Partners LP)

Agreement of the Bank. 3.1 The Bank, relying upon each of the representations and warranties set out in Clause 2 hereby agree agrees with the BorrowerBorrowers and the Corporate Guarantor, subject to and upon the terms and conditions of this Agreement and in particular, but without limitation, subject to the fulfilment of the conditions precedent set out in Clause 43, to consent to the amendment of the Principal Loan Agreement as set out in Clause 5 hereof and confirms that upon fulfillment of the Bank has agreed so to do conditionally upon aforesaid conditions, the Security Parties shall not be in default under the terms that (inter alia) of the Principal Agreement shall be amended in the manner hereinafter set outLoan Agreement.

Appears in 1 contract

Samples: First Supplemental Agreement (Freeseas Inc.)

Agreement of the Bank. 3.1 The Bank, relying upon each of the representations and warranties set out in Clause 2 hereby agree agrees with the Borrower, subject to and upon the terms and conditions of this Agreement and in particular, but without limitation, subject to the fulfilment of the conditions precedent set out in Clause 43, to consent to the amendment of the Principal Loan Agreement as set out in Clause 5 hereof and hereof. Further, the Bank has agreed so to do conditionally upon terms confirms that (inter alia) no Event of Default had occurred as at the Principal Agreement shall be amended in the manner hereinafter set out31st December 2008.

Appears in 1 contract

Samples: First Supplemental Agreement (FreeSeas Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.