Common use of Actions following an Event of Default Clause in Contracts

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower a notice stating that all obligations of the Lender to the Borrower under this Agreement are terminated; and/or (b) serve on the Borrower a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above, the Lender is entitled to take under any Finance Document or any applicable law.

Appears in 10 contracts

Samples: Loan Agreement, Loan Agreement (Box Ships Inc.), Fourth Amending and Restating Agreement (DryShips Inc.)

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Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower a notice stating that all obligations of the Lender to the Borrower under this Agreement are terminated; and/or (b) serve on the Borrower a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above), the Lender is entitled to take under any Finance Document or any applicable law.

Appears in 6 contracts

Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (StealthGas Inc.), Loan Agreement (General Maritime Corp / MI)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower Borrowers a notice stating that all obligations of the Lender to the Borrower Borrowers under this Agreement are terminated; and/or (b) serve on the Borrower Borrowers a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above, the Lender is entitled to take under any Finance Document or any applicable law.

Appears in 6 contracts

Samples: Amending and Restating Agreement (DryShips Inc.), Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower a notice stating that all obligations of the Lender to the Borrower under this Agreement are terminatedcancelled; and/or (b) serve on the Borrower a notice stating that the Loan, all any accrued interest and default interest, and all other amounts accrued or owing under this Agreement Agreement, are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above), the Lender is entitled to take under any Finance Document this Agreement or any applicable law.

Appears in 6 contracts

Samples: Purchase, Sale and Contribution Agreement, Purchase, Sale and Contribution Agreement (Golar LNG Partners LP), Loan Agreement

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower Borrowers a notice stating that all obligations of the Lender to the Borrower Borrowers under this Agreement are terminated; and/or (b) serve on the Borrower Borrowers a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above), the Lender is entitled to take under any Finance Document or any applicable law.

Appears in 5 contracts

Samples: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.), Loan Agreement (Mc Shipping Inc)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower a notice stating that all obligations of the Lender to the Borrower under this Agreement are terminated; and/or (b) serve on the Borrower a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (ai) or (bii) above, the Lender is entitled to take under any Finance Document or any applicable law.

Appears in 4 contracts

Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower a notice stating that all obligations of the Lender to the Borrower under this Agreement are terminatedcancelled; and/or (b) serve on the Borrower a notice stating that the Loan, all any accrued default interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above), the Lender is entitled to take under any Finance Document this Agreement or any applicable law.

Appears in 4 contracts

Samples: Loan Agreement (Golar LNG LTD), Loan Agreement (Exmar Energy Partners LP), Loan Agreement (Golar LNG Partners LP)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower a notice stating that the commitment and all obligations of the Lender to the Borrower under this Agreement are terminated; and/or (b) serve on the Borrower a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above, the Lender is entitled to take under any Finance Document or any applicable law.

Appears in 3 contracts

Samples: Amending and Restating Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Cosmo Llc.), Loan Agreement (Star Bulk Carriers Corp.)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default which is continuing, the Lender may: (a) serve on the Borrower a notice stating that all obligations of the Lender to the Borrower under this Agreement are terminated; and/or (b) serve on the Borrower a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above, the Lender is entitled to take under any Finance Document or any applicable law.

Appears in 3 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower a notice stating that all obligations of the Lender to the Borrower under this Agreement are terminatedcancelled; and/or (b) serve on the Borrower a notice stating that all or part of the Loan, all Loan together with accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or and (b) above), the Lender is entitled to take under any Finance Document or any applicable law.

Appears in 3 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (Star Bulk Carriers Corp.)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default and while the Lender Event of Default is continuing the Issuer may: (a) serve on the Borrower Obligors a notice stating that all obligations of the Lender Issuer to the Borrower Obligors under this Agreement are terminated; and/or (b) serve on the Borrower Obligors a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above), the Lender Issuer is entitled to take under any Finance Document or any applicable law.

Appears in 3 contracts

Samples: Guarantee Facility Agreement (TBS International PLC), Guarantee Facility Agreement (TBS International LTD), Guarantee Facility Agreement (TBS International LTD)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower a notice stating that all obligations of the Lender to the Borrower under this Agreement are terminated; and/or (b) serve on the Borrower a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above), the Lender is entitled to take under any Finance Document or any applicable law.

Appears in 2 contracts

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

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower Borrowers a notice stating that all obligations of the Lender to the Borrower Borrowers under this Agreement are terminated; and/or (b) serve on the Borrower Borrowers a notice stating that the LoanAdvance, together with all accrued interest and all other amounts accrued or owing under this Agreement are Agreement, is immediately due and payable or are is due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above), the Lender or the Swap Bank is entitled to take under any Finance Document or any applicable law.

Appears in 2 contracts

Samples: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower a notice stating that all obligations of the Lender to the Borrower under this Agreement are terminated; and/or (b) serve on the Borrower a notice stating that the LoanFacility, all accrued interest and all other amounts accrued or owing under this Agreement and the Master Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above), the Lender is entitled to take under any Finance Document or any applicable law.

Appears in 2 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Gala Properties Inc.)

Actions following an Event of Default. On, On or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower a notice stating that all obligations of the Lender to the Borrower under this Agreement are terminatedcancelled; and/or (b) serve on the Borrower a notice stating that the Loan, all any accrued default interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above), the Lender is entitled to take under any Finance Document this Agreement or any applicable law.

Appears in 2 contracts

Samples: Loan Agreement (Cool Co Ltd.), Loan Agreement (Cool Co Ltd.)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default which is continuing the Lender may: (a) serve on the Borrower Borrowers a notice stating that all obligations of the Lender to the Borrower Borrowers under this Agreement are terminatedcancelled; and/or (b) serve on the Borrower Borrowers a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above), the Lender is entitled to take under any Finance Document or any applicable law.

Appears in 2 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Scorpio Bulkers Inc.)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower a notice stating that all obligations of the Lender to the Borrower under terminating this Agreement are terminatedAgreement; and/or (b) serve on the Borrower a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above), the Lender is entitled to take under any Finance Document or any applicable law.

Appears in 1 contract

Samples: Loan Agreement (TBS International LTD)

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Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower a notice stating that all obligations of the Lender to the Borrower under this Agreement are terminatedcancelled; and/or (b) serve on the Borrower a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above), the Lender is entitled to take under any Finance Document or any applicable law.

Appears in 1 contract

Samples: Loan Agreement (TBS International LTD)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower Borrowers a notice stating that all obligations of the Lender to the Borrower Borrowers under this Agreement are terminated; and/or (b) serve on the Borrower Borrowers a notice stating that all or part of the Loan, all together with accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above), the Lender is entitled to take under any Finance Document or any applicable law.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower a notice stating that all obligations of the Lender to the Borrower under this Agreement are terminatedcancelled; and/oror (b) serve on the Borrower a notice stating that the Loan, all any accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/oror (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above), the Lender is entitled to take under any Finance Document this Agreement or any applicable law.

Appears in 1 contract

Samples: Loan Agreement (GasLog Partners LP)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default Default, the Lender may: (a) serve on the Borrower a notice stating that all obligations of the Lender to the Borrower under this Agreement are terminated; and/or (b) serve on the Borrower a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement and the Master Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (aClause 18.2(a) or (b) above, the Lender is entitled to take under any Finance Document Document, the Master Agreement or any applicable law.

Appears in 1 contract

Samples: Loan Agreement (Knightsbridge Tankers LTD)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower Borrowers a notice stating that all obligations of the Lender to the Borrower Borrowers under this Agreement are terminatedcancelled; and/or (b) serve on the Borrower Borrowers a notice stating that all or part of the Loan, all Loan together with accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or and (b) above), the Lender is entitled to take under any Finance Document or any applicable law.

Appears in 1 contract

Samples: Loan Agreement (Quintana Shipping Ltd.)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower a notice stating that all the obligations of the Lender to the Borrower under this Agreement are terminated; and/or (b) serve on the Borrower a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above, the Lender is entitled to take under any Finance Document or any applicable law.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower Borrowers a notice stating that all obligations of the Lender to the Borrower Borrowers under this Agreement are terminatedcancelled; and/or (b) serve on the Borrower Borrowers a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above), the Lender is entitled to take under any Finance Document or any applicable law.

Appears in 1 contract

Samples: Loan Agreement (TBS International LTD)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower Borrowers a notice stating that all obligations of the Lender to the Borrower Borrowers under this Agreement are terminated; and/or (b) serve on the Borrower Borrowers a notice stating that the LoanAdvances, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above), the Lender and/or Swap Bank is entitled to take under any Finance Document or any applicable law.

Appears in 1 contract

Samples: Loan Agreement (B Plus H Ocean Carriers LTD)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default which is continuing the Lender may: (a) serve on the Borrower a notice stating that all obligations of the Lender to the Borrower under this Agreement are terminated; and/or (b) serve on the Borrower a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demandpayable; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above, the Lender is entitled to take under any Finance Document or any applicable law.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower a notice stating that all obligations of the Lender to the Borrower under this Agreement are terminated; and/or (b) serve on the Borrower a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above), the Lender is entitled to take under any Finance Document or any applicable law.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

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