Common use of Lenders’ participations in an Advance Clause in Contracts

Lenders’ participations in an Advance. Subject to the other provisions of this Agreement, each Lender shall participate in an Advance in the proportion which, as at the Drawdown Date applicable to that Advance, its Commitment bears to the Total Commitments.

Appears in 4 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

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Lenders’ participations in an Advance. Subject to the other provisions of this Agreement, each Lender shall participate in an each Advance in the proportion which, as at the relevant Drawdown Date applicable to that AdvanceDate, its Commitment bears to the Total Commitments.

Appears in 2 contracts

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

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Lenders’ participations in an Advance. Subject to the other provisions of this Agreement, each Lender shall participate in an each Advance in the proportion which, as at the Drawdown Date applicable to that AdvanceDate, its Commitment bears to the Total Commitments.

Appears in 1 contract

Samples: Agreement (Star Bulk Carriers Corp.)

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