Common use of Application of credit balances Clause in Contracts

Application of credit balances. The Lender may, following the occurrence of an Event of Default, and without prior notice:

Appears in 7 contracts

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

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Application of credit balances. The Lender may, may without prior notice but following the occurrence of an Event of Default, and without prior noticeDefault which is continuing:

Appears in 6 contracts

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

Application of credit balances. The Lender may, may without prior notice following the occurrence of an Event of Default, and without prior noticeDefault which is continuing:

Appears in 5 contracts

Samples: Agreement (TBS International LTD), Supplemental Agreement (TBS International PLC), Supplemental Agreement (TBS International PLC)

Application of credit balances. The Lender may, following the occurrence of an Event of DefaultDefault which is continuing, and without prior notice:

Appears in 2 contracts

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

Application of credit balances. The Lender may, following Following the occurrence of and during the continuation of an Event of Default, and the Lender may without prior notice:

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

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Application of credit balances. The Lender may, following may without prior notice after the occurrence of an Event of Default, and without prior noticeDefault which is continuing:

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

Application of credit balances. The Lender may, may following the occurrence of an Event of Default, Default which is continuing and without prior notice:

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

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