Common use of General conditions precedent Clause in Contracts

General conditions precedent. The agreement of the Bank referred to in clause 2 shall be further subject to: 5.2.1 the representations and warranties in clause 4 being true and correct on the Effective Date as if each was made with respect to the facts and circumstances existing at such time; and 5.2.2 no Default having occurred and continuing at the time of the Effective Date.

Appears in 17 contracts

Sources: Fourth Supplemental Agreement (Globus Maritime LTD), Loan Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

General conditions precedent. The agreement of the Bank referred to in clause 2 shall be further subject to: 5.2.1 6.2.1 the representations and warranties in clause 4 5 being true and correct on the Effective Date as if each was made with respect to the facts and circumstances existing at such time; and 5.2.2 6.2.2 no Default having occurred and continuing at the time of the Effective Date.

Appears in 3 contracts

Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.), Second Supplemental Agreement (Safe Bulkers, Inc.), Second Supplemental Agreement (Safe Bulkers, Inc.)

General conditions precedent. The agreement of the Bank referred to in clause 2 1.6 shall be further subject to: 5.2.1 the representations and warranties in clause 4 being true and correct on the Effective Date as if each was made with respect to the facts and circumstances existing at such time; and 5.2.2 no Default having occurred and continuing at the time of the Effective Date.

Appears in 1 contract

Sources: Fifth Supplemental Agreement (Globus Maritime LTD)

General conditions precedent. The agreement and the waivers of the Bank referred to in clause 2 shall be further subject to: 5.2.1 the representations and warranties in clause 4 being true and correct on the Effective Date as if each was were made with respect to the facts and circumstances existing at such time; and 5.2.2 no Default having occurred and continuing at the time of the Effective Date.

Appears in 1 contract

Sources: Supplemental Agreement (DryShips Inc.)

General conditions precedent. The agreement agreements of the Bank referred to in clause 2 shall be further subject to: 5.2.1 the representations and warranties in clause 4 being true and correct on the Effective Date as if each was were made with respect to the facts and circumstances existing at such time; and 5.2.2 no Default having occurred and continuing at the time of the Effective Date.

Appears in 1 contract

Sources: Second Supplemental Agreement (DryShips Inc.)

General conditions precedent. The agreement of the Bank referred to in clause 2 shall be further subject to: 5.2.1 6.2.1 the representations and warranties in clause 4 5 being true and correct on the Effective Date as if each was made with respect to the facts ,and circumstances existing at such time; and 5.2.2 6.2.2 no Default having occurred and continuing at the time of the Effective Date.

Appears in 1 contract

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

General conditions precedent. The agreement of the Bank referred to in clause 2 shall be further subject to: 5.2.1 the representations and warranties in clause 4 being true and correct on the Effective Date as if each was made with respect to the facts and circumstances existing at such time; and 5.2.2 no Default having occurred and continuing at the time of on the Effective Date.

Appears in 1 contract

Sources: Supplemental Agreement (Top Ships Inc.)

General conditions precedent. The agreement of the Bank referred to in clause 2 shall be further subject to: 5.2.1 the representations and warranties in clause 4 being true and correct on the Effective Date as if each was made with respect to the facts and circumstances existing at such time; and 5.2.2 no Event of Default having occurred and continuing at the time of the Effective Date.

Appears in 1 contract

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