Second Advances. The obligation of the Bank to make available the Second Advance in respect of any Newbuilding shall be subject to the condition that the Bank or its duly authorised representative shall have received, on or prior to the drawdown of the relevant Second Advance, the relevant documents and evidence specified in Part 3 of schedule 2 in respect of such Newbuilding, in form and substance satisfactory to the Bank.
Appears in 2 contracts
Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)
Second Advances. The obligation of the Bank to make available the a Second Advance in respect of any Newbuilding available shall be subject to the condition that the Bank or its duly authorised representative shall have received, on or prior to the drawdown of the relevant such Second Advance, the relevant documents and evidence specified in Part 3 of schedule 2 in respect of such Newbuilding, Second Advance in form and substance satisfactory to the Bank.
Appears in 2 contracts
Sources: Supplemental Agreement, Supplemental Agreement (Gala Properties Inc.)