Payment by the Lender. The proceeds of the Loan to be advanced by the Lender to the Borrower under this Agreement must be remitted by in USD on the relevant Drawdown Date to the account or accounts specified in the relevant Drawdown Notice.
Appears in 6 contracts
Samples: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios South American Logistics Inc.)
Payment by the Lender. The proceeds of the Loan All sums to be advanced by the Lender to the Borrower under this Agreement must shall be remitted by in USD on the relevant Drawdown Date to the account or accounts specified in the relevant Drawdown Notice.
Appears in 5 contracts
Samples: Loan Agreement (Pyxis Tankers Inc.), Agreement (Euroseas Ltd.), Agreement (Box Ships Inc.)
Payment by the Lender. The proceeds of the Loan each Advance to be advanced by the Lender to the Borrower under this Agreement must be remitted by in USD on the relevant Drawdown Date to the account or accounts specified in the relevant Drawdown Notice.
Appears in 2 contracts
Payment by the Lender. The proceeds of the Loan All sums to be advanced by the Lender to the Borrower under this Agreement must shall be remitted by in USD on the relevant Drawdown Date to the account or accounts specified in the relevant Drawdown Notice.
Appears in 1 contract
Samples: Agreement (StealthGas Inc.)
Payment by the Lender. The proceeds of the Loan All sums to be advanced by the Lender to the Borrower Borrowers under this Agreement must shall be remitted by in USD on the relevant Drawdown Date to the account or accounts specified in the relevant Drawdown Notice.
Appears in 1 contract
