Number of Advances Agreed. The Commitment shall be advanced to the Borrower in one (1) Advance and any amount undrawn under the Commitment shall be cancelled and may not be borrowed by the Borrower at a later date.
Appears in 3 contracts
Samples: Loan Agreement (Pyxis Tankers Inc.), Seanergy Maritime Holdings Corp., Agreement (Pangaea Logistics Solutions Ltd.)
Number of Advances Agreed. The Commitment shall be advanced to the Borrower in Borrower, subject to the terms and conditions of this Agreement, by one (1) Advance and any amount undrawn under the Commitment shall be cancelled and may not be borrowed by the Borrower at a later date.
Appears in 3 contracts
Samples: Loan Agreement (Performance Shipping Inc.), Loan Agreement (Seanergy Maritime Holdings Corp.), Performance Shipping Inc.
Number of Advances Agreed. The Commitment shall be advanced to the Borrower in Borrowers, subject to the terms and conditions of this Agreement, by one (1) Advance and any amount undrawn under the Commitment shall be cancelled and may not be borrowed by the Borrower Borrowers at a later date.
Appears in 1 contract
Samples: Agreement (Imperial Petroleum Inc./Marshall Islands)
