Common use of Request for an Advance Clause in Contracts

Request for an Advance. Subject to the following conditions, a Borrower may request that an Advance be made by ensuring that the Agent receives a completed Drawdown Notice not later than 11.00 a.m. (London time) 3 Business Days prior to the intended Drawdown Date.

Appears in 3 contracts

Sources: Amending and Restating Agreement (TBS International PLC), Amending and Restating Agreement (TBS International PLC), Loan Agreement (TBS International LTD)

Request for an Advance. Subject to the following conditions, a the Borrower may request that an Advance to be made by ensuring that the Agent Lender receives a completed Drawdown Notice not later than 11.00 a.m. (London time) 3 Business Days prior to the intended Drawdown Date.

Appears in 2 contracts

Sources: Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)

Request for an Advance. Subject to the following conditions, a Borrower the Borrowers may request that an Advance to be made borrowed by ensuring that the Agent receives a completed Drawdown Notice not later than 11.00 a.m. (London New York time) 3 15 Business Days prior to the intended relevant Drawdown DateDate (or such shorter period as the Lenders may agree).

Appears in 2 contracts

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