Limitation and application of Advances. 2.5.1 The amount of the Loan shall not exceed the amount of the Loan Facility and the amount of each Advance shall not exceed the lesser of $28,000,000, and (ii) 50% of the Valuation Amount of the Vessel which is to be financed therewith.
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Samples: Agreement (Navios Maritime Partners L.P.), www.lw.com
Limitation and application of Advances. 2.5.1 The amount of the Loan shall not exceed the amount of the Loan Facility and the amount of each Advance shall not exceed the lesser of $28,000,000USD11,250,000, and (ii) 5060% of the Valuation Amount of the Vessel which is to be financed therewith.
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Limitation and application of Advances. 2.5.1 The amount of the Loan shall not exceed the amount of the Loan Facility and the amount of each Advance shall not exceed the lesser of $28,000,00026,000,000, and (ii) 5070% of the Valuation Amount of the Vessel which is to be financed therewith.
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Limitation and application of Advances. 2.5.1 The amount of the Loan shall not exceed the amount of the Loan Facility and the amount of each Advance shall not exceed the lesser of $28,000,00025,500,000, and (ii) 5060% of the Valuation Amount of the Vessel which is to be financed therewith.
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Samples: Navios Maritime Acquisition CORP
Limitation and application of Advances. 2.5.1 The amount of the Loan shall not exceed the amount of the Loan Facility and the amount of each Advance shall not exceed the lesser of $28,000,00027,550,000, and (ii) 5073% of the Valuation Amount of the Vessel which is to be financed therewith.
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