Terms of Facility. 15 2.1 Revolving Line of Credit................................................. 15 2.2 Letter of Credit Facility................................................ 15 2.3 Use of Loan Proceeds and Letters of Credit............................... 16 2.4 Interest................................................................. 16 2.5
Terms of Facility a. The Lender makes available to the Borrower the Facility to be used for working capital purposes.
Terms of Facility. 16 2.1 Revolving Line of Credit .......................................... 16 2.2
Terms of Facility a. The Lender hereby agrees to make available to the Co-Borrowers the Facility for the purpose of financing
Terms of Facility. 2.1 Revolving Line of Credit.
Terms of Facility. 9 2.1 Term Loan 9 2.2 Use of Loan Proceeds 9 2.3 Interest 9 2.5 Outstanding Amounts 10 2.6 Time Place and Method of Payments 10 2.7 Voluntary Prepayments of Loans 10 2.8
Terms of Facility. 2.1 A. Revolving Line of Credit. Upon the terms and conditions (including, without limitation, the right of the Lenders to decline to make any Loan so long as any Default or Event of Default exists) and relying on the representations and warranties contained in this Agreement, each Lender severally agrees, during the Commitment Period, to make Loans, in immediately available funds at the Applicable Lending Office or the Principal Office, to or for the benefit of the Borrower in an aggregate principal amount not to exceed at any time outstanding the lessor of the Facility Amount of such Lender or the Percentage Share of such Lender of the Borrowing Base then in effect. Loans shall be made from time to time on any Business Day designated by the Borrower following receipt by the Agent of a Borrowing Request.
Terms of Facility. 2.1 Loans 18 2.2 Letter of Credit Facility 18 2.3 Use of Loan Proceeds and Letters of Credit 19 2.4 Commitment Amount Increase 19 2.5 Interest 19 2.6 Repayment of Loans and Interest 20 2.7 Outstanding Amounts 20 2.8 Time, Place, and Method of Payments 20 2.9 Voluntary Prepayments and Conversions of Loans 20 2.10 Arrangement Fee 21 2.11 Respective Agent's Fees 21 2.12 Commitment Fees 21 2.13 Facility Fees 21 2.14 Letter of Credit Fees 22 2.15 Loans to Satisfy Obligations of Borrower 22 2.16
Terms of Facility a. The Lender hereby agrees to make available to the Co-Borrowers the Facility for the purpose of financing the second installment due under five Shipbuilding Contracts dated 6.2.2005 as amended by further addenda (the “Shipbuilding Contracts”) made between each of the Co-Borrowers and Fujian Shipbuilding Industry Group Corporation and Fujian Southeast Shipyard (collectively the ‘Builders’) providing for the construction by the Builders for each of the Co-Borrowers of one 3,500 DWT oil/product tanker for a contract price for each vessel of United State Dollars Six Million Eight Hundred Thousand (US $ 6,800,000.00).
Terms of Facility. 2.1 Revolving Line of Credit and Letter of Credit Facility. Upon the terms and conditions (including the right of the Lenders to decline to make any Loan, other than a Letter of Credit Payment, so long as any condition to the making of such Loan set forth in Section 3.2 has not been satisfied) and relying on the representations and warranties contained in this Agreement, each Lender severally agrees to make Loans during the Commitment Period to or for the benefit of the Borrower in an aggregate outstanding principal amount not to exceed at any time the Percentage Share of such Lender of the Commitment Amount then in effect (but such product not to exceed, at any time, the Facility Amount of the relevant Lender then in effect), minus the Percentage Share of such Lender of the then existing L/C Exposure. Loans shall be made from time to time on any Business Day designated in a Borrowing Request.
