Common use of Suspension of drawdown Clause in Contracts

Suspension of drawdown. If the Agent’s notice under Clause 5.8 is served before an Advance is made, the Lenders’ obligations to make such Advance shall be suspended while the circumstances referred to in the Agent’s notice continue.

Appears in 6 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

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Suspension of drawdown. If the Agent’s notice under Clause 5.8 is served before an Advance is made, the Lenders’ obligations to make such the Advance shall be suspended while the circumstances referred to in the Agent’s notice continue.

Appears in 3 contracts

Samples: Loan Agreement (Quartet Holdco Ltd.), Loan Agreement (Eagle Bulk Shipping Inc.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Suspension of drawdown. If the Agent’s notice under Clause 5.8 is served before an the Advance is made, the Lenders’ obligations to make such the Advance shall be suspended while the circumstances referred to in the Agent’s notice continue.

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Suspension of drawdown. If the Agent’s notice under Clause 5.8 is served before an Advance is made, made the Lenders’ obligations to make such the Advance shall be suspended while the circumstances referred to in the Agent’s notice continuecontinue unless and until an alternative interest rate has been agreed in accordance with Clauses 5.10 to 5.12 (inclusive).

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Suspension of drawdown. If the Agent’s notice under Clause 5.8 (Notification of market disruption) is served before an Advance is made, to be made the Lenders’ obligations to make such or participate in that Advance (as the case may be) shall be suspended while the circumstances referred to in the Agent’s notice continue.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

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Suspension of drawdown. If the Agent’s notice under Clause 5.8 Clauses 5.5 or 5.7 apply before any Advance(s) is served before an Advance is made, made the Lenders’ obligations to make such the Advance or Advances shall be suspended while the circumstances referred to in the Facility Agent’s notice continue.

Appears in 1 contract

Samples: Loan Agreement (Capital Product Partners L.P.)

Suspension of drawdown. If the Agent’s 's notice under Clause 5.8 5.7 is served before an Advance is made, the Lenders’ obligations ' obligation to make such participate in that Advance shall be suspended while the circumstances referred to in the Agent’s 's notice continue.

Appears in 1 contract

Samples: Dynagas LNG Partners LP

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