Common use of Borrower’s required action Clause in Contracts

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4, in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s notice.

Appears in 12 contracts

Samples: Loan Agreement, Loan Agreement (Global Ship Lease, Inc.), Agreement

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Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4, in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s 's notice.

Appears in 12 contracts

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

Borrower’s required action. If during the Security Period, the AgentLender, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.428.4, in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s Lender's notice.

Appears in 8 contracts

Samples: Loan Agreement (EuroDry Ltd.), Agreement (TBS International LTD), Loan Agreement (B Plus H Ocean Carriers LTD)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4, in relation to any the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s notice.

Appears in 8 contracts

Samples: Loan Agreement (Global Ship Lease, Inc.), Agreement (Navios Maritime Containers Inc.), Loan Agreement (Navios Maritime Acquisition CORP)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4, in relation to any the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s 's notice.

Appears in 6 contracts

Samples: Loan Agreement (Castor Maritime Inc.), Agreement (Scorpio Bulkers Inc.), Loan Agreement (Paragon Shipping Inc.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4, in relation to any the other BorrowerBorrowers, that Borrower shall take that action as soon as practicable after receiving the Agent’s notice.

Appears in 4 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Partners L.P.)

Borrower’s required action. If during the Security Period, the AgentLender, by notice to a Borrower, requires it to take any action referred to in paragraphs ((a)) to ((d)) of Clause 29.428.4, in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the AgentLender’s notice.

Appears in 4 contracts

Samples: Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4, in relation to any the other BorrowerBorrowers, that Borrower shall take that action as soon as practicable after receiving the Agent’s 's notice.

Appears in 3 contracts

Samples: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (DryShips Inc.), Loan Agreement (Star Bulk Management Inc.)

Borrower’s required action. If during the Security Period, the AgentSecurity Trustee, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.422.4, in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s notice.

Appears in 2 contracts

Samples: Loan Agreement (TBS International LTD), Loan Agreement (TBS International LTD)

Borrower’s required action. If during the Security Period, the AgentLender, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4, in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s Lender's notice.

Appears in 2 contracts

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

Borrower’s required action. If during the Security Period, the AgentLender, by notice to a Borrower, requires it to take any action referred to in paragraphs ((a)) to ((d)) of Clause 29.428.4, in relation to any the other Borrower, that Borrower shall take that action as soon as practicable after receiving the AgentLender’s notice.

Appears in 2 contracts

Samples: Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.426.4, in relation to any the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s notice.

Appears in 2 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.)

Borrower’s required action. If during the Security Period, the Facility Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.429.5, in relation to any the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Facility Agent’s notice.

Appears in 2 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.433.4 (Subordination), in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s notice.. THIS AGREEMENT has been entered into on the date stated at the beginning of this Agreement. EXECUTION PAGES

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4, in relation to any the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s notice.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.429.4 (Subordination), in relation to any the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s notice.

Appears in 1 contract

Samples: Loan Agreement (Castor Maritime Inc.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.435.4, in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s notice.

Appears in 1 contract

Samples: Agreement (NewLead Holdings Ltd.)

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Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.430.4, in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s notice.

Appears in 1 contract

Samples: Agreement (NewLead Holdings Ltd.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4clause 30.4, in relation to any the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s 's notice.

Appears in 1 contract

Samples: Dynagas LNG Partners LP

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (de) of Clause 29.430.4, in relation to any of the other BorrowerBorrowers, that Borrower shall take that action as soon as practicable after receiving the Agent’s notice.. LAW AND JURISDICTION

Appears in 1 contract

Samples: Loan Agreement (Costamare Partners LP)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borroweran Obligor, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.429.4 (Subordination), in relation to any other BorrowerObligor, that Borrower Obligor shall take that action as soon as practicable after receiving the Agent’s notice.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.428.4, in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s notice.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Borrower’s required action. If during the Security Period, the Agent, by notice to a any Borrower, requires it to take any action referred to in paragraphs (a) to (de) of Clause 29.4, 29.4 in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s notice.

Appears in 1 contract

Samples: Agreement (Navios Maritime Containers Inc.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.429.6, in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s 's notice.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.426.4, in relation to any the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s 's notice.

Appears in 1 contract

Samples: Agreement (Navios Maritime Holdings Inc.)

Borrower’s required action. 29.5 If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4, in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s 's notice.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Borrower’s required action. If during the Security Period, the AgentLender, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.425.4, in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s notice.

Appears in 1 contract

Samples: Loan Agreement (Alma Maritime LTD)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4, 30.4 in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent’s notice.

Appears in 1 contract

Samples: Loan Agreement (GasLog Ltd.)

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