Common use of Satisfaction after Drawdown Clause in Contracts

Satisfaction after Drawdown. Without prejudice to any of the terms and conditions of this Agreement, in the event the Lenders, in their sole discretion, makes any Advance prior to the satisfaction of all or any of the conditions precedent set forth in Sections 4.1 and 4.2, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen (14) days after the relevant Drawdown Date (or such longer period as the Lenders, in their sole discretion, may agree).

Appears in 4 contracts

Samples: Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp)

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Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event all of the LendersLenders elect, in their sole discretion, makes any to make an Advance prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 3.1 and 4.23.2, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen seven (147) days after the relevant Drawdown Date (or such longer period as the Majority Lenders, in their sole discretion, may agree).

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Facility Agreement (OSG America L.P.), Credit Facility Agreement (OSG America L.P.)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event all of the LendersLenders elect, in their sole discretion, makes any Advance to make the Facility available to the Borrower prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and 4.2, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen seven (147) days after the relevant Drawdown Date (or such longer period as the Majority Lenders, in their sole discretion, may agree).

Appears in 2 contracts

Samples: Agreement (International Shipholding Corp), Credit Agreement (International Shipholding Corp)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event the Lenders, in their sole discretion, makes any make an Advance prior to the satisfaction of all or any of the conditions precedent set forth referred to elsewhere in Sections 4.1 and 4.2, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen (14) days after the relevant Drawdown Date (or such longer period as the Lenders, in their sole discretion, may agree)) and the failure of the Borrower to do so will constitute an Event of Default.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Seacor Holdings Inc /New/), Assignment and Assumption Agreement (Seacor Holdings Inc /New/)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event all of the LendersLenders elect, in their sole discretion, makes any Advance to make the Facility available prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and 4.1, 4.2, 4.3 or 4.4, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen seven (147) days after the relevant Drawdown Date (or such longer period as the Majority Lenders, in their sole discretion, may agree).

Appears in 2 contracts

Samples: Senior Secured Loan Facility Agreement (International Shipholding Corp), Senior Secured Loan Facility Agreement (International Shipholding Corp)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event the Lenders, in their sole discretion, makes any make an Advance prior to the satisfaction of all or any of the conditions precedent set forth referred to elsewhere in Sections 4.1 and 4.2, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen (14) days after the relevant Drawdown Date (or such longer period as the Lenders, in their sole discretion, may agree).

Appears in 2 contracts

Samples: Credit Facility Agreement (Seacor Smit Inc), Revolving Credit Facility Agreement (Seacor Smit Inc)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event the Lenders, in their sole discretion, makes any Advance advance the Loan prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and or 4.2, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen (14) days after the relevant Drawdown Date (or such longer period as the Lenders, in their sole discretion, may agree).

Appears in 2 contracts

Samples: Loan Agreement (Omi Corp/M I), Consent and Agreement (Omi Corp/M I)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event the Lenders, in their sole discretion, makes advance any Advance prior to the satisfaction of all or any of the conditions precedent set forth referred to elsewhere in Sections 4.1 and or 4.2, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen (14) days after the relevant Drawdown Date (or such longer period as the Lenders, in their sole discretion, may agree).

Appears in 2 contracts

Samples: Credit Agreement (Chiles Magellan LLC), Credit Agreement (Chiles Offshore LLC)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Credit Facility Agreement, in the event the Lenders, in their sole discretion, makes make any Advance prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and 4.24.1, 4.2 or 4.3, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen (14) days after the relevant Drawdown Date (or such longer period as the Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Credit Facility Agreement (Top Tankers Inc.)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Credit Facility Agreement, in the event the Lenders, in their sole discretion, makes make any Advance prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and 4.2this Section 4, each of the Borrower Borrowers hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen (14) days after the relevant Drawdown Date (or such longer period as the Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Senior Secured Term Credit Facility Agreement (Top Ships Inc.)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event all of the LendersLenders elect, in their sole discretion, makes any Advance to make the Facility available prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and 4.1, 4.2, 4.3, 4.4, 4.5 or 4.7, each of the Borrower Borrowers hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen seven (147) days after the relevant Drawdown Date (or such longer period as the Majority Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Senior Secured Term Loan Facility Agreement (International Shipholding Corp)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event the Lenders, in their sole discretion, makes any Advance make the Loan prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and 4.24.2 (other than in the case of a waiver of such conditions in accordance with this Agreement), the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen (14) days after the relevant Drawdown Date (or such longer period as the Majority Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Credit Agreement (SEACOR Marine Holdings Inc.)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event the Lenders, in their sole discretion, makes advance any Advance or the Issuing Lender issues any Letter of Credit prior to the satisfaction of all or any of the conditions precedent set forth referred to elsewhere in Sections 4.1 and or 4.2, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen (14) days after the relevant Drawdown Date (or such longer period as the Lenders, or the Facility Agent, as the case may be, in their sole discretion, may agree).

Appears in 1 contract

Samples: Credit Agreement (Chiles Offshore Inc/New/)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event the Lenders, in their sole discretion, makes any make an Advance available prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and or 4.2, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen (14) days after the relevant Drawdown Date (or such longer period as the Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Credit Facility Agreement (Tidewater Inc)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event all of the LendersLenders elect, in their sole discretion, makes any Advance to make the Facility prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and 4.1, 4.2, 4.3 or 4.4, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen seven (147) days after the relevant Drawdown Date (or such longer period as the Majority Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Facility Agreement (International Shipholding Corp)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event the Lenders, in their sole discretion, makes make any Advance prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and or 4.2, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen five (145) days after the relevant Drawdown Date (or such longer period as the Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Restatement of Loan Agreement (Gulfmark Offshore Inc)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Credit Facility Agreement, in the event the Lenders, in their sole discretion, makes make any Advance prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and 4.24.1, 4.2 or 4.3, the Borrower Borrowers hereby covenants covenant and undertakes undertake to satisfy or procure the satisfaction of such condition or conditions within fourteen (14) days after the relevant Drawdown Date (or such longer period as the Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Credit Facility Agreement (Top Tankers Inc.)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Credit Facility Agreement, in the event the Lenders, in their sole discretion, makes make any Advance prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and 4.24.1, 4.2 or 4.3, each of the Borrower Borrowers hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen (14) days after the relevant Drawdown Date (or such longer period as the Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Senior Secured Term Credit Facility Agreement (Top Ships Inc.)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event the Lenders, in their sole discretion, makes make any Advance prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and or 4.2, the Borrower Borrowers hereby covenants covenant and undertakes undertake to satisfy or procure the satisfaction of such condition or conditions within fourteen (14) days after the relevant Drawdown Date (or such longer period as the Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Pledge Agreement (Stolt Nielsen S A)

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Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Loan Agreement, in the event the Lenders, in their sole discretion, makes any Advance make the Loan available prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and or 4.2, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen (14) days after the relevant Drawdown Date (or such longer period as the Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Loan Agreement (B Plus H Ocean Carriers LTD)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event the Lenders, in their sole discretion, makes any Advance advance the Facility prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and 4.24, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen seven (147) days after the relevant Drawdown Date (or such longer period as the LendersCreditors, in their sole discretion, may agree).

Appears in 1 contract

Samples: Credit Facility Agreement (K-Sea Transportation Partners Lp)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event all of the LendersLenders elect, in their sole discretion, makes any Advance to make the Facility available to the Borrowers prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 4.1, 4.2 and 4.24.3, each of the Borrower Borrowers hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen seven (147) days after the relevant Drawdown Date (or such longer period as the Majority Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Senior Secured Term Loan Facility Agreement (International Shipholding Corp)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event all of the LendersLenders elect, in their sole discretion, makes any Advance to make the Loan prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and or 4.2, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen seven (147) days after the relevant Drawdown Date (or such longer period as the Majority Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Loan Agreement (International Shipholding Corp)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event the Lenders, in their sole discretion, makes advance any Advance prior to the satisfaction of all or any of the conditions precedent set forth referred to elsewhere in Sections 4.1 and or 4.2, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen seven (147) days after the relevant Drawdown Date (or such longer period as the Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Credit Agreement (NRG Generating U S Inc)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event all of the LendersLenders elect, in their sole discretion, makes any Advance to make the Loan prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and 4.2, the Borrower Borrowers hereby covenants covenant and undertakes undertake to satisfy or procure the satisfaction of such condition or conditions within fourteen seven (147) days after the relevant Drawdown Date (or such longer period as the Majority Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Credit Agreement (International Shipholding Corp)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event the Lenders, in their sole discretion, makes any Advance make the Loan available prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and or 4.2, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen (14) days after the relevant Drawdown Date (or such longer period as the Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Credit Agreement (Tidewater Inc)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event all of the LendersLenders elect, in their sole discretion, makes any to make an Advance prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and 4.2, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen seven (147) days after the relevant Drawdown Date (or such longer period as the Majority Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Credit Agreement (International Shipholding Corp)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event all of the LendersLenders elect, in their sole discretion, makes any Advance to make the Facility prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and 4.24.1, 4.2 or 4.3, the Borrower Borrowers hereby covenants covenant and undertakes undertake to satisfy or procure the satisfaction of such condition or conditions within fourteen seven (147) days after the relevant Drawdown Date (or such longer period as the Majority Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Credit Agreement (International Shipholding Corp)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event all of the LendersLenders elect, in their sole discretion, makes any to make an Advance prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 3.1 and 4.23.2, the Borrower Borrowers hereby covenants covenant and undertakes undertake to satisfy or procure the satisfaction of such condition or conditions within fourteen seven (147) days after the relevant Drawdown Date (or such longer period as the Majority Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Credit Agreement (Overseas Shipholding Group Inc)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event all of the LendersLenders elect, in their sole discretion, makes any Advance to make the Loan prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 3.01 and 4.23.02, the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen seven (147) days after the relevant Drawdown Date (or such longer period as the Majority Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Loan Agreement (Crowley Maritime Corp)

Satisfaction after Drawdown. Without prejudice to any of the other terms and conditions of this Agreement, in the event the Lenders, in their sole discretion, makes make any Advance prior to the satisfaction of all or any of the conditions precedent set forth referred to in Sections 4.1 and 4.1, 4.2, 4.3 or 4.4 the Borrower hereby covenants and undertakes to satisfy or procure the satisfaction of such condition or conditions within fourteen (14) days after the relevant Drawdown Date (or such longer period as the Lenders, in their sole discretion, may agree).

Appears in 1 contract

Samples: Secured Credit Facility Agreement (Teekay Shipping Corp)

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