Common use of Change of Lending Office Clause in Contracts

Change of Lending Office. A Lender may change its lending office by giving notice to the Agent and the change shall become effective on the later of: (a) the date on which the Agent receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect.

Appears in 155 contracts

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

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Change of Lending Office. A The Lender may change its lending office by giving notice to the Agent Borrower and the change shall become effective on the later of: (a) the date on which the Agent Borrower receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect.

Appears in 24 contracts

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

Change of Lending Office. A The Lender may change its lending office by giving notice to the Agent Borrowers and the change shall become effective on the later of: (a) the date on which the Agent receives Borrowers receive the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect.

Appears in 19 contracts

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

Change of Lending Office. A The Lender may change its lending office by giving notice to the Agent Borrower and the change shall become effective on the later of: (a) the date on which the Agent Borrower receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect, provided that such change shall not prejudice or adversely affect the rights and obligations of the Borrower and the other Security Parties arising in connection with this Agreement and the other Finance Documents.

Appears in 5 contracts

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

Change of Lending Office. A Lender may change its lending office by giving notice to the Facility Agent and the change shall become effective on the later of: (a) the date on which the Facility Agent receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect.

Appears in 5 contracts

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

Change of Lending Office. A Lender may change its lending office by giving notice to the Agent and the change shall become effective on the later of: (a) the date on which the Agent receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect, Provided that such change shall not prejudice or adversely affect the rights and obligations of the Borrowers and the other Security Parties arising in connection with this Agreement and the other Finance Documents.

Appears in 4 contracts

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

Change of Lending Office. A Lender may change its lending office and may change its booking office by giving notice to the Agent and the change shall become effective on the later of: (a) the date on which the Agent receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect.

Appears in 4 contracts

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

Change of Lending Office. A Lender may change its lending office without consultation with the Borrower by giving notice to the Agent and the change shall become effective on the later of: (a) the date on which the Agent receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect.

Appears in 3 contracts

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

Change of Lending Office. A Lender may change its lending office by giving notice to the Agent and the Agent shall notify the Borrowers and the other Creditor Parties and the change shall become effective on the later of: (a) the date on which the Agent receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect.

Appears in 2 contracts

Samples: Loan Agreement (Costamare Partners LP), Loan Agreement (Costamare Partners LP)

Change of Lending Office. A Lender may change its lending office by giving notice to the Agent Borrowers and the change shall become effective on the later of: (a) the date on which the Agent receives Borrowers receive the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect; provided that such change in lending office does not increase the Borrowers’ cost under this Agreement.

Appears in 2 contracts

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

Change of Lending Office. A Lender may change its lending office and/or its booking office by giving notice to the Agent and the change shall become effective on the later of: (a) the date on which the Agent receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect.

Appears in 2 contracts

Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)

Change of Lending Office. A Lender Any Bank may at any time and from time to time change its lending office by giving notice to the Agent and the that change shall become be effective on the later of: (a) the date on which the Agent receives the specified in that notice; and (b) the date, if any, specified in date of receipt by the Agent of that notice as from that Bank. The Agent shall promptly notify the date on which Obligors and the change will come into effectother Banks of any notice received by it pursuant to this Clause 27.12.

Appears in 2 contracts

Samples: Credit Facility Agreement (Amtrust Financial Services, Inc.), Facility Agreement (Amtrust Financial Services, Inc.)

Change of Lending Office. A Lender Bank may change its lending office by giving notice to the Agent and the change shall become effective on the later of: (a) the date on which the Agent receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect.

Appears in 2 contracts

Samples: Guarantee, Revolving Credit and Term Loan Facility Agreement (DryShips Inc.), Guarantee, Revolving Credit and Term Loan Facility Agreement (DryShips Inc.)

Change of Lending Office. A Lender may change its lending office without consultation with the Borrowers by giving notice to the Agent and the change shall become effective on the later of: (a) the date on which the Agent receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect.

Appears in 2 contracts

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

Change of Lending Office. A The Lender may change its lending office by giving notice to the Agent Borrower and the change shall become effective on the later of: (a) the date on which the Agent Borrower receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect, Provided that any costs incurred in relation to such a change in lending office shall be for the account of the Lender.

Appears in 2 contracts

Samples: Loan Agreement (General Maritime Corp / MI), Loan Agreement (Arlington Tankers Ltd.)

Change of Lending Office. A The Lender may change its lending office and/or its booking office by giving notice to the Agent Borrower and the change shall become effective on the later of: (a) the date on which the Agent Lender receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect.

Appears in 2 contracts

Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)

Change of Lending Office. A The Lender may change its lending office by giving notice to the Agent Borrower and the change shall become effective on the later of: (a) the date on which the Agent Borrower receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect, Provided that such change shall not prejudice or adversely affect the rights and obligations of the Borrower and the other Security Parties arising in connection with this Agreement and the other Finance Documents.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

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Change of Lending Office. A Lender may change its lending office by giving notice to the Agent and the change shall become effective on the later of: (a) : the date on which the Agent receives the notice; and (b) and the date, if any, specified in the notice as the date on which the change will come into effect.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

Change of Lending Office. A Lender may change its lending office by giving notice to the Agent and the change shall become effective on the later of: (a) the date on which the Agent receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect, Provided that such change shall not prejudice or adversely affect the rights and obligations of the Borrowers and the other Security Parties arising in connection with this Agreement and the other Finance Documents.

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Management Inc.)

Change of Lending Office. A The Lender may change its lending office by giving notice to the Agent Borrowers and the change shall become effective on the later of: (a) the date on which the Agent receives Borrowers receive the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Change of Lending Office. A Lender may may, at no cost to the Borrowers, change its lending office by giving notice to the Agent and the change shall become effective on the later of: (a) the date on which the Agent receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect.

Appears in 1 contract

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.)

Change of Lending Office. A The Lender may change its lending office by giving notice to the Agent Borrower and the change shall become effective on the later of: (a) the date on which the Agent Borrower receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect, PROVIDED THAT any costs incurred in relation to such a change in lending office shall be for the account of the Lender.

Appears in 1 contract

Samples: Loan Agreement (Arlington Tankers Ltd.)

Change of Lending Office. A The Lender may change its lending office by giving notice to the Agent Borrower and the change shall become effective on the later of: (a) the date on which the Agent receives Borrower receive the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effecteffect .

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Change of Lending Office. A Lender may change its lending tending office by giving notice to the Agent and the change shall become effective on the later of: (a) the date on which the Agent receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Change of Lending Office. A Lender may change its lending office by giving notice to the Agent and the change shall become effective on the later of: (a) a. the date on which the Agent receives the notice; and (b) b. the date, if any, specified in the notice as the date on which the change will come into effect.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

Change of Lending Office. A Lender may change its lending office by giving prior notice to the Facility Agent and the Borrowers and the change shall become effective on the later of: (a) the date on which the Facility Agent receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect.

Appears in 1 contract

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

Change of Lending Office. A The Lender may change its lending office by giving notice to the Agent Borrower and the change shall become effective on the later of: (a) the date on which the Agent Borrower receives the notice; and (b) the date, if any, specified in the notice as the date on which the change will come into effect.,

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

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