Additional Prepayment. Evidence to the absolute satisfaction of the Lender that the amount of the Additional Prepayment (such amount to be calculated utilising the valuation obtained in December 2008 in accordance with Clause 2.1.7 and mutually agreed to between the Borrower and the Lender) has been transferred by the Borrower to the Cash Collateral Account (reducing the requisite amount of the Additional Prepayment by any amount that has already been prepaid by the Borrower to the Lender);
Appears in 6 contracts
Samples: First Supplemental Agreement (Safe Bulkers, Inc.), First Supplemental Agreement (Safe Bulkers, Inc.), Second Supplemental Agreement (Safe Bulkers, Inc.)
