Common use of Borrower’s required action Clause in Contracts

Borrower’s required action. If during the Security Period, the Lender, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 28.4, in relation to the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Lender's notice.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Borrower’s required action. If during the Security Period, the Lender, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 28.4, in relation to the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Lender's ’s notice.

Appears in 1 contract

Samples: Loan Agreement (Quintana Shipping Ltd.)

Borrower’s required action. If during the Security Period, the Lender, by notice to a Borrower, requires it to take any action referred to in paragraphs ((a)) to ((d)) of Clause 28.429.4, in relation to the any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Lender's ’s notice.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Borrower’s required action. If during the Security Period, the Lender, by notice to a Borrowerthe Borrowers, requires it to take any action referred to in paragraphs (a) to (d) of Clause 28.416.4 (Subordination), in relation to the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Lender's ’s notice.

Appears in 1 contract

Samples: Agreement (Imperial Petroleum Inc./Marshall Islands)

AutoNDA by SimpleDocs

Borrower’s required action. If during the Security Period, the Lender, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 28.428.5, in relation to the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Lender's notice.

Appears in 1 contract

Samples: Agreement (Diana Shipping Inc.)

Borrower’s required action. If during the Security Period, the Lender, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 28.4, in relation to the any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Lender's ’s notice.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.