Common use of Waiver of conditions precedent Clause in Contracts

Waiver of conditions precedent. If the Lender, at its discretion, permits the Loan to be borrowed before certain of the conditions referred to in Clause 8.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date (or such longer period as the Lender may specify).

Appears in 7 contracts

Samples: Loan Agreement, Loan Agreement (Box Ships Inc.), Agreement (Star Bulk Carriers Corp.)

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Waiver of conditions precedent. If the Lender, Lender at its discretion, permits the Loan an Advance to be borrowed before certain of the conditions referred to in Clause 8.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the relevant Drawdown Date (or such longer period as the Lender may specify).

Appears in 5 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

Waiver of conditions precedent. If the LenderMajority Lenders, at its their discretion, permits permit the Loan to be borrowed before certain of the conditions referred to in Clause 8.1 9.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date (or such longer period as the Lender may Agent may, with the authorisation of the Majority Lenders, specify).

Appears in 4 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.)

Waiver of conditions precedent. If the LenderMajority Lenders, at its their discretion, permits permit the Loan to be borrowed before certain of the conditions referred to in Clause 8.1 9.1 are satisfied and prior to the disbursement of the Loan the Agent notifies the Borrower in writing which conditions are not satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date (or such longer period as the Lender may Agent may, with the authorisation of the Majority Lenders, specify).

Appears in 3 contracts

Samples: Loan Agreement (Britannia Bulk PLC), Loan Agreement (Britannia Bulk Holdings Inc), Loan Agreement (Britannia Bulk Holdings Inc)

Waiver of conditions precedent. If the Lender, at its discretion, permits the Loan to be borrowed before certain of the conditions referred to in Clause 8.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date (or such longer period as the Lender may specifyspecifies).

Appears in 2 contracts

Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)

Waiver of conditions precedent. If the LenderMajority Lenders, at its their discretion, permits permit the Loan to be borrowed before certain of the conditions referred to in Clause 8.1 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date (or such longer period as the Lender may Agent may, with the authority of the Majority Lenders, specify).

Appears in 2 contracts

Samples: Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)

Waiver of conditions precedent. If the LenderMajority Lenders, at its their discretion, permits permit the Loan to be borrowed before certain of the conditions referred to in Clause 8.1 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date (or such longer period as the Lender may Agent may, with the authorisation of the Majority Lenders, specify).

Appears in 2 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Waiver of conditions precedent. If the LenderMajority Lenders, at its their discretion, permits permit the Loan to be borrowed before certain of the conditions referred to in Clause 8.1 0 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date (or such longer period as the Lender may specifyAgent, with the authorisation of the Majority Lenders, specifies).

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Waiver of conditions precedent. If the LenderCo-Arrangers, at its their discretion, permits permit the Loan to be borrowed before certain of the conditions referred to in Clause 8.1 9.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 7 Business Days after the Drawdown Date (or such longer period as the Lender may Agent may, with the authority of the Co-Arrangers, specify).

Appears in 1 contract

Samples: Loan Agreement (Alma Maritime LTD)

Waiver of conditions precedent. If the LenderLenders, at its their discretion, permits permit the Loan to be borrowed before certain of the conditions referred to in Clause 8.1 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days days after the Drawdown Date (or such longer period as the Lender may Agent may, with the authority of the Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Waiver of conditions precedent. If the LenderMajority Lenders, at its their discretion, permits permit the Loan to be borrowed before certain of the conditions referred to in Clause 8.1 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 five (5) Business Days days after the Drawdown Date (or such longer period as the Lender may Agent may, with the authority of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

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Waiver of conditions precedent. If the LenderMajority Lenders, at its their discretion, permits permit the Loan to be borrowed before certain of the conditions referred to in Clause 8.1 9.1 (Documents, fees and no default) are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 10 Business Days days after the Drawdown Date (or such longer period as the Lender Agent may specify).

Appears in 1 contract

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

Waiver of conditions precedent. If the LenderMajority Lenders, at its their discretion, permits permit the Loan to be borrowed before certain of the conditions referred to in Clause 8.1 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 10 Business Days after the Drawdown Date (or such longer period as the Lender may specifyAgent, with the authorisation of the Majority Lenders, specifies).

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Waiver of conditions precedent. If the LenderMajority Lenders, at its their discretion, permits permit the Loan to be borrowed before certain of the conditions referred to in Clause 8.1 9.1 are satisfied, the Borrower Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date (or such longer period as the Lender may Agent may, with the authority of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Waiver of conditions precedent. If the Lender, at its discretion, permits the Loan to be borrowed before certain of the conditions referred to in Clause 8.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date applicable to the Loan (or such longer period as the Lender may specify).

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Waiver of conditions precedent. If the LenderMajority Lenders, at its their discretion, permits permit the Loan to be borrowed before certain of the conditions referred to in Clause 8.1 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date relative to the Loan (or such longer period as the Lender may Agent may, with the authority of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Waiver of conditions precedent. If the Lender, Lender at its discretion, permits the Loan to be borrowed before certain of the conditions referred to in Clause 8.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date (or such longer period as the Lender may specify).

Appears in 1 contract

Samples: Agreement (Paragon Shipping Inc.)

Waiver of conditions precedent. If the LenderMajority Lenders, at its their discretion, permits permit the Loan to be borrowed before certain of the conditions referred to in Clause 8.1 9.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within 5 Business Days days after the Drawdown Date (or such longer period as the Lender may Agent may, with the authorisation of the Majority Lenders, specify).

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

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