Common use of The Commitment Clause in Contracts

The Commitment. In reliance upon each of the representations and warranties in clause 7, the Lender agrees to make available by way of loan to the Borrower on the terms of this Agreement the principal sum of up to USD126,000,000 for the purpose of enabling it to finance the acquisition by the Shareholder of all of the issued shares of and in the Guarantors.

Appears in 3 contracts

Samples: www.lw.com, Navios Maritime Midstream Partners LP, Navios Maritime Midstream Partners LP

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The Commitment. In reliance upon each of the representations and warranties in clause 7, the Lender agrees to make available by way of loan to the Borrower on the terms of this Agreement the principal sum of up to USD126,000,000 USD50,000,000 for the purpose of enabling general corporate purposes (including to enable it to finance repurchase the acquisition by Notes and to pay fees and expenses related to the Shareholder of all of the issued shares of and in the Guarantorsloan facility).

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios South American Logistics Inc.)

The Commitment. In reliance upon each of the representations and warranties in clause 7, the Lender agrees to make available by way of loan to the Borrower on the terms of this Agreement the principal sum of up to USD126,000,000 USD45,000,000 for the purpose of enabling it to finance the acquisition by the Shareholder funding working capital requirements of all of the issued shares of and in the Guarantorsongoing operations.

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Acquisition Corp), Loan Agreement (Navios Maritime Partners L.P.)

The Commitment. In reliance upon each of the representations and warranties in clause 7, the Lender agrees to make available by way of loan to the Borrower on the terms of this Agreement the principal sum of up to USD126,000,000 USD100,000,000 for the purpose of enabling it to finance the acquisition by the Shareholder of all general corporate purposes (including repurchase of the issued shares Notes and to payment of fees and in expenses related to the GuarantorsLoan).

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

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The Commitment. In reliance upon each of the representations and warranties in clause 7, the Lender agrees to make available by way of loan to the Borrower on the terms of this Agreement the principal sum of up to USD126,000,000 USD70,000,000 for the purpose of enabling providing the Borrower with working capital (including to enable it to finance the acquisition by the Shareholder of all of the issued shares of and in the Guarantorsrepurchase debt and/or equity securities).

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Holdings Inc.)

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