Common use of Disbursement of Advances Clause in Contracts

Disbursement of Advances. Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made:

Appears in 2 contracts

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

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Disbursement of Advances. Subject to the provisions of this AgreementAgreement the Paying Agent shall, the Agent shall on and with value on each Drawdown Date Date, pay to the Borrower the amounts which the Paying Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made:

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Disbursement of Advances. Subject to the provisions of this Agreement, the Agent shall on each the Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made:

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Disbursement of Advances. Subject to the provisions of this Agreement, Agreement the Agent shall shall, on and with value on each Drawdown Date Date, pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.54.6(b); and that payment to the Borrower shall be made:

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Disbursement of Advances. Subject to the provisions of this Agreement, the Agent shall on each the Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; 4.5 and that payment to the Borrower shall be made:

Appears in 1 contract

Samples: Loan Agreement (Eagle Bulk Shipping Inc.)

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Disbursement of Advances. Subject to the provisions of this Agreement, Agreement the Agent shall shall, on and with value on each Drawdown Date Date, pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.54.6; and that payment to the Borrower shall be made:

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Disbursement of Advances. Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrower Borrowers the amounts which the Agent receives from the Lenders under Clause 4.54.5 (Lenders to make available Contributions); and that payment to the Borrower Borrowers shall be made:made to the account which the Borrowers specify in the Drawdown Notice.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Disbursement of Advances. Subject to the provisions of this Agreement, the Agent shall shall, on and with value on each Drawdown Date Date, pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made:

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

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