Conditions Precedent to Lenders' Obligations Under this Agreement Sample Clauses
Conditions Precedent to Lenders' Obligations Under this Agreement. (a) The obligations of the Lenders under this Agreement shall be subject to the delivery to the Facility Agent of the documents indicated below on or before the Closing Date:
(i) This Agreement, the Floating Rate Note and the Fee Letter. This Agreement and the Fee Letter, each fully executed by the parties thereto in form and substance satisfactory to the Lenders, which shall be in full force and effect and the Floating Rate Note shall have been fully executed by the Shipowner, endorsed by, or on behalf of, the United States, and delivered to the Facility Agent, and all amounts then payable under the Fee Letter shall have been paid to the Person entitled thereto.
Conditions Precedent to Lenders' Obligations Under this Agreement. The obligations of the Lenders under this Agreement shall be subject to the delivery to the Facility Agent of the documents indicated below on or before the Closing Date: -
(i) Agreement and the Floating Rate Note. This Agreement fully executed by the parties hereto in form and substance satisfactory to the Agents and the Lenders, which shall be in full force and effect and the Floating Rate Note fully executed by the Shipowner, with the Guarantee thereon endorsed by, or on behalf of, the United States.
(ii) Existence. Certificates of Formation and Certificates of good standing issued by the Secretary of State of Delaware for the Shipowner, evidencing the full power, authority and legal right of the Shipowner to own its property and to carry on its business as now conducted, together with a certified copy of the Shipowner's limited liability company agreement.