Disbursement of Tranche. Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrowers the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrowers shall be made:
Appears in 9 contracts
Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Star Bulk Carriers Corp.)
Disbursement of Tranche. Subject to the provisions of this Agreement, the Agent shall on each the Drawdown Date pay to the Borrowers the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrowers shall be made:
Appears in 5 contracts
Samples: Loan Agreement, Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Global Ship Lease, Inc.)
Disbursement of Tranche. Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrowers Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrowers Borrower shall be made:
Appears in 3 contracts
Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)
Disbursement of Tranche. Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrowers the amounts in respect of the Tranche to which that Drawdown Date relates which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrowers shall be made:
Appears in 1 contract
Disbursement of Tranche. Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrowers the amounts in respect of the Tranche to which that Drawdown Date relates which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrowers shall be made:: to the account of the Borrower whose Ship is to be financed by that Tranche or, as the case may be, the Builder which the Borrowers specify in that Drawdown Notice; and in the like funds as the Agent received the payments from the Lenders.
Appears in 1 contract
Disbursement of Tranche. Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrowers the amounts which the Agent receives from the Lenders under Clause 4.5Clause4.5; and that payment to the Borrowers shall be made:
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
