Common use of Conditions of drawdown Clause in Contracts

Conditions of drawdown. The Agent shall not be under any obligation to advance the Term Loan Facility or a Drawing hereunder until all the documents and evidence referred to in the relevant part of Schedule 3 are in the possession of the Agent in form and substance satisfactory to the Lenders.

Appears in 2 contracts

Sources: Secured Loan Facility Agreement (NCL CORP Ltd.), Secured Loan Facility Agreement (NCL CORP Ltd.)