Common use of Agreement to Lend Clause in Contracts

Agreement to Lend. The Banks, relying upon each of the representations and warranties in clause 7, agree to lend to the Borrowers, jointly and severally, upon and subject to the terms of this Agreement, the principal sum of up to Sixty four million seven hundred and fifty thousand Dollars ($64,750,000) in forty two (42) Advances comprising seven (7) Tranches. The obligation of each Bank under this Agreement shall be to contribute that proportion of each Advance which, as at the Drawdown Date of such Advance, its Commitment bears to the Total Commitment.

Agreement to Lend. The Banks, relying upon each of the representations and warranties in clause 7, agree to lend to the Borrowers, jointly and severally, upon and subject to the terms of this Agreement, the principal sum of up to Sixty four Thirty eight million seven eight hundred and fifty thousand Dollars ($64,750,00038,800,000) in forty two twenty (4220) Advances comprising seven four (74) Tranches, namely, the Kassos Tranche, the Tilos Tranche, the Symi Tranche and the Halki Tranche. The obligation of each Bank under this Agreement shall be to contribute that proportion of each Advance which, as at the Drawdown Date of such Advance, its Commitment bears to the Total Commitment.

Agreement to Lend. The Banks, relying upon each of the representations and warranties in clause 7, agree to lend to the Borrowers, jointly and severally, upon and subject to the terms of this Agreement, the principal sum of up to Sixty four Twenty six million seven two hundred and fifty thousand Dollars ($64,750,00026,250,000) in forty two up to eighteen (4218) Advances comprising seven three (73) Tranches, namely, the Eton Tranche, the Benmore Tranche and the Xxxxxx Tranche. The obligation of each Bank under this Agreement shall be to contribute that proportion of each Advance which, as at the Drawdown Date of such Advance, its Commitment bears to the Total Commitment.