Conditions Precedent to Delivery Advance. With respect to each Tranche, the obligation of the Lenders to make the Delivery Advance available to the Borrower under this Agreement on the relevant final Drawdown Date shall be expressly subject to the following conditions precedent:
Appears in 2 contracts
Sources: Facility Agreement (International Shipholding Corp), Facility Agreement (International Shipholding Corp)
Conditions Precedent to Delivery Advance. With respect to each TrancheTranche 2, the obligation of the Lenders to make the Delivery Advance available to the Borrower Borrowers under this Agreement on the relevant final Drawdown Date shall be expressly subject to the following conditions precedent:
Appears in 1 contract
Sources: Facility Agreement (International Shipholding Corp)