Operating Accounts: withdrawals. Unless and until a Default shall occur and be continuing and the Agent (acting on the instructions of the Majority Banks) shall direct to the contrary, the Borrower shall be entitled to withdraw moneys from the Operating Account only for the following purposes:
Appears in 2 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (DryShips Inc.)
Operating Accounts: withdrawals. Unless and until a Default shall occur and be continuing and the Agent (acting on the instructions of the Majority Banks) shall direct to the contrary, the each Borrower shall be entitled to withdraw moneys from the its Operating Account only for the following purposes:
Appears in 2 contracts
Samples: Supplemental Agreement (Diana Shipping Inc.), Loan Agreement (DryShips Inc.)
