Purpose Definitions and Interpretation. 1.01. (Purpose). This Agreement sets out the terms and conditions upon and subject to which it is agreed that the Bank will make available to the Borrower a loan of up to Dollars Fifteen million ($15,000,000) for the purpose of assisting the Borrower to refinance part (up to about 50%) of the Purchase Price of the Vessel. 1.02. (Definitions). In this Agreement, unless the context otherwise requires each term or expression defined in the recital of the parties, in this Clause 1.02, in Clauses 8.07, 11.01, 11.06, 11.08 and in Schedule 1, shall have the meaning given to it herein and therein and:
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Sources: Loan Agreement (Diana Shipping Inc.)
Purpose Definitions and Interpretation. 1.01. (Purpose). This Agreement sets out the terms and conditions upon and subject to which it is agreed that the Bank will make available to the Borrower a loan of up to Dollars Fifteen million ($15,000,000) for the purpose of assisting the Borrower to refinance part (up to about 50%) of the Purchase Price of the Vessel.
1.02. (Definitions). In this Agreement, unless the context otherwise requires each term or expression defined in the recital of the parties, in this Clause 1.02, in Clauses 8.07, 11.01, 11.06, 11.08 11.01 and 11.06 and in Schedule 1, shall have the meaning given to it herein and therein and:
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