Drawdown. Subject to the terms and conditions of this Agreement an Advance shall be made available to the Borrower during the Drawdown Period following receipt by the Facility Agent from the Borrower of a Drawdown Notice not later than 11 a.m. on the third (3rd) Banking Day before the proposed Drawdown Date. A Drawdown Notice shall be effective on actual receipt by the Facility Agent, and, once given, shall, subject as provided in clause 5.7, be irrevocable.
Appears in 1 contract
Sources: Senior Secured Revolving Credit Facility Agreement (Gulfmark Offshore Inc)
Drawdown. Subject to 2.4.1 On the terms and subject to the conditions of this Agreement an Agreement, each Advance shall be made available advanced to the Borrower during Borrowers on the relevant Drawdown Period Date following receipt by the Facility Agent from the Borrower Borrowers of a the relevant Drawdown Notice not later than 11 10 a.m. on the third (3rd) Banking Day before the proposed relevant Drawdown Date. A .
2.4.2 The relevant Drawdown Notice shall be effective on actual receipt by the Facility Agent, Agent and, once given, shall, subject as provided in clause 5.73.6, be irrevocable.
Appears in 1 contract
Sources: Facility Agreement for a Term Loan Facility (Navios Maritime Partners L.P.)
Drawdown. 2.3.1 Subject to the terms and conditions of this Agreement an Agreement, the Advance shall be made available to the Borrower during the Drawdown Period following receipt by the Facility Agent from the Borrower of a Drawdown Notice not later than 11 10:00 a.m. on the third (3rd) Banking Day before the proposed Drawdown Date. .
2.3.2 A Drawdown Notice shall be effective on actual receipt by the Facility Agent, Agent and, once given, shall, subject as provided in clause 5.73.5.1, be irrevocable.
Appears in 1 contract
Sources: Loan Agreement (Danaos Corp)
Drawdown. Subject to 2.4.1 On the terms and subject to the conditions of this Agreement an Agreement, each Advance shall be made available advanced to the Borrower during on the relevant Drawdown Period Date following receipt by the Facility Agent from the Borrower of a Drawdown Notice not later than 11 10:00 a.m. on the third (3rd) fifth Banking Day before the each proposed Drawdown Date. .
2.4.2 A Drawdown Notice shall be effective on actual receipt by the Facility Agent, Agent and, once given, shall, subject as provided in clause 5.73.6, be irrevocable.
Appears in 1 contract
Sources: Facility Agreement for a Term Loan Facility (Navios Maritime Acquisition CORP)
Drawdown. Subject to the terms and conditions of this Agreement an Agreement, each Advance shall be made available advanced to the Borrower during on the relevant Drawdown Period Date following receipt by the Facility Agent from the Borrower Borrower
of a Drawdown Notice not later than 11 10:00 a.m. on the third (3rd) Banking Day before the proposed Drawdown Datedate on which the Borrower proposes the relevant Advance is made available. A Each Drawdown Notice shall be effective on actual receipt by the Facility Agent, Agent and, once given, shall, subject as provided in clause 5.73.6.1, be irrevocable.
Appears in 1 contract
Sources: Loan Agreement (StealthGas Inc.)
Drawdown. Subject to 2.4.1 On the terms and subject to the conditions of this Agreement an Agreement, each Advance shall be made available drawn by and advanced to the Borrower during Borrowers in one amount on the relevant Drawdown Period Date following receipt by the Facility Agent from the Borrower Borrowers of a Drawdown Notice not later than 11 10:00 a.m. on the third (3rd) second Banking Day before the each proposed Drawdown Date. .
2.4.2 A Drawdown Notice shall be effective on actual receipt by the Facility Agent, Agent and, once given, shall, subject as provided in clause 5.73.5, be irrevocable.
Appears in 1 contract
Sources: Facility Agreement (Navios Maritime Acquisition CORP)
Drawdown. Subject to 2.4.1 On the terms and subject to the conditions of this Agreement an Advance Agreement, each Tranche shall be made available advanced to the Borrower during Borrowers on the Drawdown Period Date following receipt by the Facility Agent from the Borrower Borrowers of a the Drawdown Notice not later than 11 10:00 a.m. on the third (3rd) Banking Day before the proposed Drawdown Date. A .
2.4.2 The Drawdown Notice shall be effective on actual receipt by the Facility Agent, Agent and, once given, shall, subject as provided in clause 5.73.6, be irrevocable.
Appears in 1 contract
Drawdown. Subject to 2.4.1 On the terms and subject to the conditions of this Agreement an Agreement, each Advance shall be made available advanced to the Borrower during on the relevant Drawdown Period Date following receipt by the Facility Agent from the Borrower of a Drawdown Notice not later than 11 10:00 a.m. on the third (3rd) Banking Day before the each proposed Drawdown Date. .
2.4.2 A Drawdown Notice shall be effective on actual receipt by the Facility Agent, Agent and, once given, shall, subject as provided in clause 5.73.6, be irrevocable.
Appears in 1 contract
Drawdown. Subject to the terms and conditions of this Agreement an Agreement, each Advance shall be made available advanced to the Borrower during on the relevant Drawdown Period Date following receipt by the Facility Agent from the Borrower of a Drawdown Notice not later than 11 10:00 a.m. on the third (3rd) Banking Day before the proposed Drawdown Datedate on which the Borrower proposes the relevant Advance is made available. A Each Drawdown Notice shall be effective on actual receipt by the Facility Agent, Agent and, once given, shall, subject as provided in clause 5.73.6.1, be irrevocable.
Appears in 1 contract
Sources: Loan Agreement (StealthGas Inc.)
Drawdown. Subject to 2.4.1 On the terms and subject to the conditions of this Agreement an Agreement, each Advance shall be made available advanced to the Borrower during Borrowers on the relevant Drawdown Period Date following receipt by the Facility Agent from the Borrower Borrowers of a Drawdown Notice Notices not later than 11 10 a.m. on the third (3rd) Banking Day before the each proposed Drawdown Date. .
2.4.2 A Drawdown Notice shall be effective on actual receipt by the Facility Agent, Agent and, once given, shall, subject as provided in clause 5.73.6, be irrevocable.
Appears in 1 contract
Drawdown. 2.2.1 Subject to the terms and conditions of this Agreement an Agreement, each Advance shall be made available to the Borrower during the Drawdown Period following receipt by the Facility Agent Lender from the Borrower Borrowers of a Drawdown Notice not later than 11 10:00 a.m. on the third (3rd) Banking Day before the proposed date, which shall be a Banking Day falling within the Drawdown Date. Period, on which the Borrowers propose that Advance is made available.
2.2.2 A Drawdown Notice shall be effective on actual receipt by the Facility Agent, Lender and, once given, shall, subject as provided in clause 5.73.5, be irrevocable.
Appears in 1 contract
Sources: Facility Agreement (EuroDry Ltd.)
Drawdown. Subject to 2.4.1 On the terms and subject to the conditions of this Agreement an Agreement, each Advance shall be made available advanced to the Borrower during Borrowers on the relevant Drawdown Period Date following receipt by the Facility Agent from the Borrower Borrowers of a Drawdown Notice not later than 11 10:00 a.m. on the third (3rd) second Banking Day before the each proposed Drawdown Date. .
2.4.2 A Drawdown Notice shall be effective on actual receipt by the Facility Agent, Agent and, once given, shall, subject as provided in clause 5.73.5, be irrevocable.
Appears in 1 contract
Sources: Facility Agreement (Navios Maritime Acquisition CORP)
Drawdown. Subject to the terms and conditions of this Agreement an Agreement, each Advance shall be made available to the Borrower during the Drawdown Period following receipt by the Facility Agent Bank from the Borrower of a Drawdown Notice for such Advance not later than 11 10:00 a.m. on the third (3rd) Banking Day before the proposed Drawdown Datedate on which the Borrower proposes such Advance is made. A Drawdown Notice shall be effective on actual receipt by the Facility Agent, and, Bank shall specify the Tranche under which it is to be made and once given, given shall, subject as provided in clause 5.73.6.1, be irrevocable.
Appears in 1 contract