Common use of General conditions precedent Clause in Contracts

General conditions precedent. The obligation of the Banks to make any Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such Advance, and at the time of the making of such Advance: 9.2.1 the representations and warranties contained in (a) clauses 7.1, 7.2 and 7.3(b) of this Agreement and (b) clause 4 of each Corporate Guarantee, are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and 9.2.2 no Default shall have occurred and be continuing or would result from the making of the relevant Advance.

Appears in 6 contracts

Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.), Third Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Euronav NV)

General conditions precedent. The obligation of the Banks to make any an Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such Advance, and at the time of the making of such Advance: 9.2.1 the representations and warranties contained in (a) clauses 7.1, 7.2 and 7.3(b) of this Agreement and (b) clause 4 of each the Corporate Guarantee, are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and 9.2.2 no Default shall have occurred and be continuing or would result from the making of the relevant Advance.

Appears in 3 contracts

Sources: Supplemental Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.), Supplemental Agreement (Quintana Shipping Ltd.)

General conditions precedent. The obligation of the Banks to make any an Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such Advance, and at the time of the making of such Advance: 9.2.1 the representations and warranties contained in (a) clauses 7.1, 7.2 and 7.3(b) of this Agreement and (b) clause 4 of each Corporate Transaction Guarantee, are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and 9.2.2 no Default shall have occurred and be continuing or would result from the making of the relevant Advance.

Appears in 2 contracts

Sources: Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.)

General conditions precedent. The obligation of the Banks to make any Advance available shall be is subject to the further additional conditions that, at the time both of the giving of the a Drawdown Notice for such AdvanceNotice, and at the time of the making advance of such the relevant Advance: 9.2.1 the representations and warranties contained in (a) clauses 7.1, 7.2 and 7.3(b) clause 7 of this Agreement and (b) clause 4 of each the Corporate Guarantee, are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and 9.2.2 no Default shall have has occurred and be continuing and there being no Default which would or would might result from the making advance of the relevant AdvanceLoan.

Appears in 2 contracts

Sources: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)

General conditions precedent. The obligation of the Banks to make any Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such Advance, and at the time of the making of such Advance: 9.2.1 the representations and warranties contained in (a) clauses 7.1, 7.2 and 7.3(b) of this Agreement and (b) clause 4 4.4 of each the Corporate Guarantee, are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and 9.2.2 no Default shall have occurred and be continuing or would result from the making of the relevant Advance.

Appears in 2 contracts

Sources: Loan Agreement (Seanergy Maritime Holdings Corp.), Second Supplemental Agreement (Seanergy Maritime Holdings Corp.)

General conditions precedent. The obligation of the Banks to make any Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such Advance, and at the time of the making of such Advance: 9.2.1 the representations and warranties contained in (a) clauses 7.1, 7.2 and 7.3(b) of this Agreement and (b) clause 4 [4] of each the Corporate Guarantee, are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; 9.2.2 no Charterer Event shall have occurred in respect of the Ship to which the relevant Advance relates; and 9.2.2 9.2.3 no Default shall have occurred and be continuing or would result from the making of the relevant Advance.

Appears in 2 contracts

Sources: Facility Agreement (Costamare Partners LP), Facility Agreement (Costamare Partners LP)

General conditions precedent. The obligation of the Banks to make any Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such Advance, and at the time of the making of such Advance: 9.2.1 the representations and warranties contained in (a) clauses 7.1, 7.2 and 7.3(b) of this Agreement and Agreement, (b) clause 4 of each Corporate Guarantee and (c) clause 3.1 of, and the schedule to, the Personal Guarantee, are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and 9.2.2 no Default shall have occurred and be continuing or would result from the making of the relevant Advance.

Appears in 2 contracts

Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)

General conditions precedent. The obligation of the Banks each Bank to make contribute to any Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such Advance, and at the time of the making of such Advance: 9.2.1 the representations and warranties contained in (a) clauses 7.1, 7.2 and 7.3(b) of this Agreement and (b) clause 4 of each the Corporate Guarantee, are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and 9.2.2 no Default shall have occurred and be continuing or would result from the making of the relevant such Advance.

Appears in 2 contracts

Sources: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Diana Shipping Inc.)

General conditions precedent. The obligation of the Banks to make any Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such in respect of the relevant Advance, and at the time of the making of such the relevant Advance: 9.2.1 the representations and warranties contained in (ai) clauses 7.1, 7.2 and 7.3(b) of this Agreement 7.3, and (bii) clause 4 clauses 4.1 and 4.3 of each Corporate Guarantee, Owner’s Guarantee and expressed to be made or repeated on the date of each Advance are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and 9.2.2 no Default shall have occurred and be continuing or would result from the making of the relevant such Advance.

Appears in 2 contracts

Sources: Facilities Agreement (Aries Maritime Transport LTD), Facilities Agreement (Omega Navigation Enterprises, Inc.)

General conditions precedent. The obligation of the Banks Bank to make made any Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such Advance, and at the time of the making of such Advance: 9.2.1 the representations and warranties contained in (a) clauses 7.1, 7.1 and 7.2 and 7.3(b) of this Agreement and (bii) clause 4 of each Corporate Guarantee, are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and 9.2.2 no Default shall have occurred and be continuing or would result from the making of the relevant Advance.

Appears in 1 contract

Sources: Junior Loan Agreement (FreeSeas Inc.)

General conditions precedent. The obligation of the Banks to make any Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such Advance, and at the time of the making of such Advance: 9.2.1 the representations and warranties contained in (a) clauses 7.1, 7.2 and 7.3(b) of this Agreement 7.3 and (b) clause 4 of each the Corporate Guarantee, are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and 9.2.2 no Event of Default shall have occurred and be continuing unremedied or unwaived or would result from the making of the relevant Advance.

Appears in 1 contract

Sources: Loan Agreement (Mc Shipping Inc)

General conditions precedent. The obligation of the Banks Bank to make any Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such Advance, in respect of the relevant Advance and at the time of the making of such the relevant Advance: 9.2.1 the representations and warranties contained in (ai) clauses 7.1, 7.2 and 7.3(b) of this Agreement and (bii) clause 4 of each the Corporate Guarantee, are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and 9.2.2 no Default shall have occurred and be continuing or would result from the making of the relevant such Advance.

Appears in 1 contract

Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.)

General conditions precedent. The obligation of the Banks each Bank to make any contribute to either Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such Advance, and at the time of the making of such Advance: 9.2.1 the representations and warranties contained in (a) clauses 7.1, 7.2 and 7.3(b) of this Agreement and (b) clause 4 of each the Corporate Guarantee, are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and 9.2.2 no Default shall have occurred and be continuing or would result from the making of the relevant such Advance.

Appears in 1 contract

Sources: Loan Agreement (DryShips Inc.)

General conditions precedent. The obligation of the Banks Bank to make any Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such Advance, and at the time of the making of such Advance: 9.2.1 the representations and warranties contained in (ai) clauses 7.1, 7.2 and 7.3(b) of this Agreement and (bii) clause 4 of each Corporate Owner’s Guarantee, are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and; 9.2.2 no Default shall have occurred and be continuing or would result from the making of such Advance; and 9.2.3 in the relevant Advancecase of Advances under the Additional Tranche, that the conditions set out in clauses 9.1.1, 9.1.2 and 9.1.3 have been satisfied.

Appears in 1 contract

Sources: Supplemental Agreement (FreeSeas Inc.)

General conditions precedent. The obligation of the Banks Bank to make any Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such Advance, in respect of the relevant Advance and at the time of the making of such the relevant Advance: 9.2.1 the representations and warranties contained in (ai) clauses 7.1, 7.2 and 7.3(b) of this Agreement and (bii) clause 4 of each Corporate Guarantee, are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and 9.2.2 no Default shall have occurred and be continuing or would result from the making of the relevant such Advance.

Appears in 1 contract

Sources: Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

General conditions precedent. The obligation of the Banks Bank to make any Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such Advance, and at the time of the making of such Advance: 9.2.1 the representations and warranties contained in (ai) clauses 7.1, 7.2 and 7.3(b) of this Agreement and (bii) clause 4 of each Corporate Owner’s Guarantee, are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and; 9.2.2 no Default shall have occurred and be continuing or would result from the making of such Advance; and 9.2.3 in the relevant Advancecase of Advances under any Additional Tranche, that the conditions set out in clauses 9.1.1, 9.1.2 and 9.1.3 have been satisfied.

Appears in 1 contract

Sources: Facility Agreement (FreeSeas Inc.)

General conditions precedent. The obligation of the Banks to make any either Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such Advance, and at the time of the making of such Advance: 9.2.1 the representations and warranties contained in (a) clauses 7.1, 7.2 and 7.3(b) of this Agreement and (b) clause 4 of each Corporate Guarantee), are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and 9.2.2 no Default shall have occurred and be continuing or would result from the making of the relevant Advance.

Appears in 1 contract

Sources: Loan Agreement (Capital Maritime & Trading Corp.)

General conditions precedent. The obligation of the Banks Bank to make any Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such Advance, and at the time of the making of such Advance: 9.2.1 9.5.1 the representations and warranties contained in (ai) clauses 7.1, 7.2 and 7.3(b) of this Agreement and (bii) clause 4 of each Corporate Owner’s Guarantee, are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and; 9.2.2 9.5.2 no Default shall have occurred and be continuing or would result from the making of such Advance; and 9.5.3 in the relevant Advancecase of Advances under the Additional Tranche, that the conditions set out in clauses 9.1.1, 9.1.2 and 9.1.3 have been satisfied.

Appears in 1 contract

Sources: Facility Agreement (Freeseas Inc.)

General conditions precedent. The obligation of the Banks to make any Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such Advance, and at the time of the making of such Advance: 9.2.1 the representations and warranties contained in (ai) clauses 7.1, 7.2 and 7.3(b) of this Agreement and (bii) clause 4 of each the Corporate Guarantee, are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and 9.2.2 no Default shall have occurred and be continuing or would result from the making of the relevant Advance.

Appears in 1 contract

Sources: Senior Loan Agreement (FreeSeas Inc.)

General conditions precedent. The obligation of the Banks to make any Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such Advance, and at the time of the making of such Advance: 9.2.1 the representations and warranties contained in (a) clauses 7.1, 7.2 and 7.3(b) of this Agreement and (b) clause 4 of each Corporate Guarantee, Guarantee are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and 9.2.2 no Default shall have occurred and be continuing or would result from the making of the relevant Advance.

Appears in 1 contract

Sources: Ninth Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

General conditions precedent. The obligation of the Banks to make any Advance available shall be subject to the further conditions that, at the time of the giving of the Drawdown Notice for such Advance, and at the time of the making of such Advance: 9.2.1 the representations and warranties contained in (a) clauses 7.1, 7.2 and 7.3(b) of this Agreement and Agreement, (b) clause 4 of each the Corporate Guarantee and (c) clause 3.1 of, and the schedule to, the Personal Guarantee, are true and correct on and as of each such time as if each was made with respect to the facts and circumstances existing at such time; and 9.2.2 no Default shall have occurred and be continuing or would result from the making of the relevant Advance.

Appears in 1 contract

Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.)