Common use of CLAIMS BY A BANK Clause in Contracts

CLAIMS BY A BANK. If a Bank intends to make a claim pursuant to Clause 10.2 (TAX INDEMNITY) it shall notify the Agent of the event by reason of which it is entitled to do so whereupon the Agent shall notify the Borrower accordingly.

Appears in 8 contracts

Samples: Senior Facility Agreement (General Maritime Corp), Junior Facility Agreement (General Maritime Corp), Junior Facility Agreement (General Maritime Corp)

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CLAIMS BY A BANK. If a Bank intends to make a claim pursuant to Clause 10.2 (TAX INDEMNITY) it shall notify the Agent of the event by reason of which it is entitled to do so whereupon the Agent shall notify the Borrower Borrowers accordingly.

Appears in 2 contracts

Samples: Senior Facility Agreement (General Maritime Corp), Junior Facility Agreement (General Maritime Corp)

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