Drawdown. Subject to the terms and conditions of this Agreement, the Loan shall be advanced in full in one amount on the Drawdown Date following receipt by the Bank from the Borrower of a Drawdown Notice not later than 10:00 a.m. on the third Banking Day before the proposed Drawdown Date. A Drawdown Notice shall be effective on actual receipt by the Bank and, once given, shall, subject as provided in clause 3.6.1, be irrevocable.
Appears in 3 contracts
Sources: Loan Agreement (Capital Maritime & Trading Corp.), Loan Agreement (Capital Maritime & Trading Corp.), Loan Agreement (B Plus H Ocean Carriers LTD)
Drawdown. Subject to the terms and conditions of this Agreement, the Loan shall be advanced in full in one amount (in up to two Tranches) on the Drawdown Date following receipt by the Bank from the Borrower of a Drawdown Notice not later than 10:00 10 a.m. on the third second Banking Day before the proposed Drawdown Date. A Drawdown Notice shall be effective on actual receipt by the Bank and, once given, shall, subject as provided in clause 3.6.1, be irrevocable.
Appears in 2 contracts
Sources: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Drawdown. Subject to the terms and conditions of this Agreement, the Loan shall be advanced in full in one amount on the Drawdown Date following receipt by the Bank from the Borrower of a Drawdown Notice not later than 10:00 a.m. on the third one (1) Banking Day before the proposed Drawdown Date. A Drawdown Notice shall be effective on actual receipt by the Bank and, once given, shall, subject as provided in clause 3.6.1, be irrevocable.
Appears in 1 contract
Sources: Loan Agreement (DryShips Inc.)
Drawdown. Subject to the terms and conditions of this Agreement, the Loan shall be advanced in full in one amount on the Drawdown Date following receipt by the Bank Agent from the Borrower of a Drawdown Notice not later than 10:00 a.m. on the third Banking Day before the proposed Drawdown Date which shall be a Banking Day falling not later than the Termination Date. A Drawdown Notice (a) shall be effective on actual receipt by the Bank and, once given, Agent and (b) shall, subject as provided in clause 3.6.1, be irrevocableirrevocable once given.
Appears in 1 contract
Sources: Loan Agreement (Diana Shipping Inc.)
Drawdown. Subject to the terms and conditions of this Agreement, the Loan shall be advanced in full in one amount a single drawdown on the Drawdown Date following receipt by the Bank from the Borrower of a Drawdown Notice not later than 10:00 a.m. on the third Banking Day before the proposed Drawdown Date. A Drawdown Notice shall be effective on actual receipt by the Bank and, once given, shall, subject as provided in clause 3.6.1, be irrevocable.
Appears in 1 contract
Drawdown. Subject to On the terms and subject to the conditions of this Agreement, the Loan shall be advanced in full in one amount to the Borrower on the a Drawdown Date following receipt by the Bank Lender from the Borrower of a Drawdown Notice not later than 10:00 10.00 a.m. on the third Banking Day before the proposed Drawdown Date. A The Drawdown Notice shall be effective on actual receipt by the Bank Lender and, once given, shall, subject as provided in clause 3.6.1, be irrevocable.
Appears in 1 contract
Sources: Facility Agreement for a Term Loan (Box Ships Inc.)
Drawdown. Subject to the terms and conditions of this Agreement, the Loan shall be advanced in full in one amount on the Drawdown Date following receipt by the Bank Agent from the Borrower of a Drawdown Notice not later than 10:00 a.m. on the third first Banking Day before the proposed Drawdown Date which shall be a Banking Day falling not later than the Termination Date. A Drawdown Notice (a) shall be effective on actual receipt by the Bank and, once given, Agent and (b) shall, subject as provided in clause 3.6.1, be irrevocableirrevocable once given.
Appears in 1 contract
Sources: Loan Agreement (DryShips Inc.)
Drawdown. Subject to the terms and conditions of this Agreement, the Loan shall be advanced in full in one amount on the Drawdown Date made following receipt by the Bank Agent from the Borrower of a Drawdown Notice not later than 10:00 10 a.m. on the third Banking Day before the proposed Drawdown Date, which shall be a Banking Day falling within the Drawdown Period. A Drawdown Notice shall be effective on actual receipt by the Bank Agent and, once given, shall, subject as provided in clause 3.6.1, be irrevocable.
Appears in 1 contract
Drawdown. Subject to the terms and conditions of this Agreement, the Loan shall be advanced in full in one amount on the Drawdown Date following receipt by the Bank from the Borrower of a Drawdown Notice not later than 10:00 a.m. on the third second Banking Day before the proposed Drawdown Date. A Drawdown Notice shall be effective on actual receipt by the Bank and, once given, shall, subject as provided in clause 3.6.1, be irrevocable.
Appears in 1 contract