Common use of Amendments; Severability Clause in Contracts

Amendments; Severability. (a) This Second Amendment, (i) prior to the Second Amendment Effective Date, may not be amended except by an instrument in writing signed by the Loan Parties, the Administrative Agent and the Lenders and (ii) after the Second Amendment Effective Date, may not be amended nor may any provision hereof be waived except in accordance with the provisions of Section 11.02 of the Credit Agreement. (b) To the extent any provision of this Second Amendment is prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining provisions of this Second Amendment in any jurisdiction.

Appears in 2 contracts

Samples: Credit Agreement (International Seaways, Inc.), Credit Agreement (International Seaways, Inc.)

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Amendments; Severability. (a) This Second First Amendment, (i) prior to the Second First Amendment Effective Date, may not be amended except by an instrument in writing signed by the Loan Security Parties, the Administrative Facility Agent and the Lenders and (ii) after the Second First Amendment Effective Date, may not be amended nor may any provision hereof be waived except in accordance with the provisions of Section 11.02 11.02(b) of the Credit Agreement. (b) To the extent any provision of this Second First Amendment is prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining provisions of this Second First Amendment in any jurisdiction.

Appears in 2 contracts

Samples: Credit Agreement (Eagle Bulk Shipping Inc.), Credit Agreement (Eagle Bulk Shipping Inc.)

Amendments; Severability. (a) This Second First Amendment, (i) prior to the Second First Amendment Effective Date, may not be amended except by an instrument in writing signed by the Loan Parties, the Administrative Agent and the July 2017 Incremental Term Loan Lenders and (ii) after the Second First Amendment Effective Date, may not be amended nor may any provision hereof be waived except in accordance with the provisions of Section 11.02 of the Credit Agreement. (b) To the extent any provision of this Second First Amendment is prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining provisions of this Second First Amendment in any jurisdiction.

Appears in 1 contract

Samples: Credit Agreement (International Seaways, Inc.)

Amendments; Severability. (a) This Second Amendment, (i) prior to the Second Amendment Effective Date, may not be amended except by an instrument in writing signed by the Loan Security Parties, the Administrative Facility Agent and the Lenders and (ii) after the Second Amendment Effective Date, may not be amended nor may any provision hereof be waived except in accordance with the provisions of Section 11.02 11.02(b) of the Credit Agreement. (b) To the extent any provision of this Second Amendment is prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining provisions of this Second Amendment in any jurisdiction.

Appears in 1 contract

Samples: Credit Agreement (Eagle Bulk Shipping Inc.)

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Amendments; Severability. (a) This Second Third Amendment, (i) prior to the Second Third Amendment Effective Date, may not be amended except by an instrument in writing signed by the Loan Security Parties, the Administrative Facility Agent and the Lenders and (ii) after the Second Third Amendment Effective Date, may not be amended nor may any provision hereof be waived except in accordance with the provisions of Section 11.02 11.02(b) of the Credit Agreement. (b) To the extent any provision of this Second Third Amendment is prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining provisions of this Second Third Amendment in any jurisdiction.

Appears in 1 contract

Samples: Credit Agreement (Eagle Bulk Shipping Inc.)

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