Common use of Drawdown Notice irrevocable Clause in Contracts

Drawdown Notice irrevocable. Each Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact of each Borrower; and once served, it cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority Lenders.

Appears in 2 contracts

Sources: Loan Agreement, Loan Agreement (Navios Maritime Partners L.P.)

Drawdown Notice irrevocable. Each The Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact an authorised signatory of each Borrower; and the Borrower and, once served, it the Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on with the authority authorisation of the Majority Lenders.

Appears in 2 contracts

Sources: Loan Agreement (DryShips Inc.), Loan and Guarantee Facility Agreement (DryShips Inc.)

Drawdown Notice irrevocable. Each Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact other authorised person of each Borrower; and once served, it a Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on the authority of all the Majority Lenders.

Appears in 2 contracts

Sources: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.)

Drawdown Notice irrevocable. Each A Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact an authorised signatory of each the Borrower; and once served, it a Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on with the authority authorisation of the Majority Lenders.

Appears in 2 contracts

Sources: Amending and Restating Agreement (GasLog Partners LP), Amending and Restating Agreement

Drawdown Notice irrevocable. Each A Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact an authorised signatory of each the Borrower; and once served, it a Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority Lenders.

Appears in 2 contracts

Sources: Loan Agreement (Seacastle Inc.), Amending and Restating Agreement (Seacastle Inc.)

Drawdown Notice irrevocable. Each Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact authorised signatory of each the Borrower; and once served, it cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority Lenders.

Appears in 2 contracts

Sources: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Acquisition CORP)

Drawdown Notice irrevocable. Each A Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact authorised signatory of each the Borrower; and once served, it a Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on with the authority authorisation of the Majority Lenders.

Appears in 2 contracts

Sources: Loan Agreement (GasLog Ltd.), Loan Agreement (GasLog Ltd.)

Drawdown Notice irrevocable. Each A Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact other authorised person of each Borrower; and once served, it a Drawdown Notice cannot be revoked without the prior written consent of the Agent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Sources: Loan Agreement (Dynagas LNG Partners LP)

Drawdown Notice irrevocable. Each The Drawdown Notice must be duly signed by a director director, officer or a duly appointed attorney-in-fact other authorised person of each Borrower; Borrower and once served, it such Drawdown Notice cannot be revoked without the prior written consent of the Agent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Partners L.P.)

Drawdown Notice irrevocable. Each The Drawdown Notice must be duly signed by a director an officer or a duly appointed attorney-in-fact other authorised person of each the Borrower; and once served, it served the Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Containers Inc.)

Drawdown Notice irrevocable. Each A Drawdown Notice must be duly signed by an authorized signatory of a director or a duly appointed attorney-in-fact of each Borrower; and once served, it a Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on with the authority authorisation of the Majority Lenders.

Appears in 1 contract

Sources: Loan Agreement (GasLog Ltd.)

Drawdown Notice irrevocable. Each A Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact authorised signatory of each Borrowerthe Borrowers; and once served, it a Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Sources: Loan Agreement (Castor Maritime Inc.)

Drawdown Notice irrevocable. Each The Drawdown Notice must be duly signed by an authorized signatory or a director or a duly appointed attorney-in-fact of each the Borrower; and once served, it cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Sources: Loan Agreement (Star Bulk Carriers Corp.)

Drawdown Notice irrevocable. Each A Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact authorised signatory of each Borrower; the Borrower and once served, it a Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority LendersLender.

Appears in 1 contract

Sources: Loan Agreement (Toro Corp.)

Drawdown Notice irrevocable. Each A Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact authorised signatory of each the Borrower; and once served, it a Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on the authority authorisation of the Majority Lenders.

Appears in 1 contract

Sources: Loan Agreement (Paragon Shipping Inc.)

Drawdown Notice irrevocable. Each A Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact an authorised person on behalf of each the Borrower; and once served, it a Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on with the authority authorisation of the Majority Lenders.

Appears in 1 contract

Sources: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Drawdown Notice irrevocable. Each Drawdown Notice must be duly signed by an authorised signatory or a director or a duly appointed attorney-in-fact of each the Borrower; and once served, it cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Sources: Loan Agreement (Star Bulk Carriers Corp.)

Drawdown Notice irrevocable. Each The Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact an authorised person on behalf of each Borrowerthe Borrowers; and once served, it cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Sources: Loan Agreement (Pyxis Tankers Inc.)

Drawdown Notice irrevocable. Each A Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact authorised signatory of each the Borrower; and once served, it the Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority LendersLender.

Appears in 1 contract

Sources: Loan Agreement (Box Ships Inc.)

Drawdown Notice irrevocable. Each A Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact authorised person on behalf of each the Borrower; and once served, it a Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on with the authority authorisation of the Majority LendersLenders (which authorisation shall not be unreasonably withheld).

Appears in 1 contract

Sources: Loan Agreement (Danaos Corp)

Drawdown Notice irrevocable. Each The Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact of each the Borrower; and once served, it the Drawdown Notice cannot be revoked without the prior written consent of the Agent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Sources: Loan Agreement (Paragon Shipping Inc.)

Drawdown Notice irrevocable. Each A Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact an authorised signatory of each Borrower; and once served, it a Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Sources: Term Loan Facility Agreement (Navios Maritime Partners L.P.)

Drawdown Notice irrevocable. Each A Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact authorised signatory of each Borrower; and the Borrowerand once served, it a Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority LendersLender.

Appears in 1 contract

Sources: Loan Agreement (Castor Maritime Inc.)

Drawdown Notice irrevocable. Each Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact an authorised signatory of each Borrower; and once served, it cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Sources: Loan Agreement (DryShips Inc.)

Drawdown Notice irrevocable. Each The Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact of each the Borrower; and once served, it the Drawdown notice cannot be revoked without the prior written consent of the Agent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Sources: Amending and Restating Agreement (Paragon Shipping Inc.)

Drawdown Notice irrevocable. Each Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact authorised signatory of each Borrower; and once served, it cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Sources: Loan Agreement (Paragon Shipping Inc.)

Drawdown Notice irrevocable. Each The Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact other authorised person of each Borrowerthe Borrowers; and once served, it the Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Sources: Loan Agreement (Euroseas Ltd.)

Drawdown Notice irrevocable. Each The Drawdown Notice must be duly signed by a director or a duly appointed attorney-in-fact authorised representative of each Borrowerthe Borrowers; and once served, it cannot be revoked without the prior consent of the Agent, acting on the authority of the Majority Lenders.

Appears in 1 contract

Sources: Loan Agreement (Star Bulk Management Inc.)

Drawdown Notice irrevocable. Each The Drawdown Notice must be duly signed by a director or a other duly appointed attorney-in-fact authorised person on behalf of each the Borrower; and once served, it the Drawdown Notice cannot be revoked without the prior consent of the Agent, acting on with the authority authorisation of the Majority Lenders.

Appears in 1 contract

Sources: Loan Agreement (Britannia Bulk Holdings Inc)