Common use of Confirmation of no default Clause in Contracts

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors of the Borrower and which:

Appears in 31 contracts

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

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Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors of the that Borrower and which:

Appears in 10 contracts

Samples: Agreement (Diana Shipping Inc.), Agreement (Seanergy Maritime Holdings Corp.), Agreement (Seanergy Maritime Holdings Corp.)

Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors the authorised representative or a director of the that Borrower and which:

Appears in 9 contracts

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

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Agent Lender of a written request, serve on the Agent Lender a notice which is signed by 2 directors of the Borrower and which:

Appears in 9 contracts

Samples: Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (Star Bulk Carriers Corp.)

Confirmation of no default. The Borrower will, within 2 two (2) Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors an officer of the Borrower and whichwhich states that:

Appears in 7 contracts

Samples: Credit Agreement (Scorpio Bulkers Inc.), Credit Agreement (Scorpio Bulkers Inc.), Loan Agreement (Eagle Bulk Shipping Inc.)

Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Agent Lender of a written request, serve on the Agent Lender a notice which is signed by 2 directors a director of the each Borrower and which:

Appears in 6 contracts

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

Confirmation of no default. The Borrower Borrowers will, within 2 five (5) Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors a director, an officer or a duly authorized person of the Borrower Borrowers and whichwhich states that:

Appears in 6 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors an officer or director of the Borrower and which:which (based on its most recent annual or interim financial statements):

Appears in 6 contracts

Samples: Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)

Confirmation of no default. The Each Borrower will, within 2 two Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors the officer(s) of the that Borrower and which:

Appears in 5 contracts

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

Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors any director of the that Borrower and which:

Appears in 4 contracts

Samples: Loan Agreement (Dynagas LNG Partners LP), Loan Agreement (Product Shipping Ltd.), Loan Agreement (Dynagas LNG Partners LP)

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Facility Agent of a written request, serve on the Facility Agent a notice which is signed by 2 directors of the Borrower and which:

Appears in 4 contracts

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

Confirmation of no default. The Borrower will, within 2 5 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors of the Borrower and which:

Appears in 4 contracts

Samples: Loan Agreement (Euronav NV), Agreement (Euronav NV), Loan Agreement (Crude Carriers Corp.)

Confirmation of no default. The Each Borrower will, within 2 5 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors the authorised representative or senior officer of the that Borrower and which:

Appears in 4 contracts

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

Confirmation of no default. The Borrower will, within 2 3 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors an authorised officer of the Borrower and which:

Appears in 4 contracts

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

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors (in their capacity as directors and not in a personal capacity) of the Borrower and which:

Appears in 3 contracts

Samples: Loan Agreement (Britannia Bulk Holdings Inc), Loan Agreement (Britannia Bulk PLC), Loan Agreement (Britannia Bulk Holdings Inc)

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors an authorised officer of the Borrower and which:

Appears in 3 contracts

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

Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors the representative director of the such Borrower and which:

Appears in 3 contracts

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

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors an officer of the Borrower and which:

Appears in 3 contracts

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

Confirmation of no default. The Each Borrower will, within 2 two Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors an officer of the that Borrower and which:

Appears in 3 contracts

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

Confirmation of no default. The Borrower will, not more than once per quarter and within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors at least one (1) director of the Borrower and which:

Appears in 3 contracts

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

Confirmation of no default. The Borrower Borrowers will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors of the each Borrower and which:

Appears in 2 contracts

Samples: Agreement (Scorpio Bulkers Inc.), Agreement (Scorpio Tankers Inc.)

Confirmation of no default. The Borrower will, within 2 five (5) Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors a director, an officer or a duly authorized person of the Borrower and whichwhich states that:

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors the director of the Borrower and which:

Appears in 2 contracts

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

Confirmation of no default. The Borrower Borrowers will, within 2 two (2) Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors a director, an officer or a duly authorized person of the Borrower Borrowers and whichwhich states that:

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Quartet Holdco Ltd.)

Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Facility Agent of a written request, serve on the Facility Agent a notice which is signed by 2 directors an officer of the that Borrower and which:

Appears in 2 contracts

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

Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors or officers of the that Borrower and which:

Appears in 2 contracts

Samples: Agreement (NewLead Holdings Ltd.), Agreement (NewLead Holdings Ltd.)

Confirmation of no default. The Borrower Borrowers will, within 2 five (5) Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors a director, an officer or a duly authorized person of the each Borrower and whichwhich states that:

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors the chief financial officer of the Borrower and which:

Appears in 2 contracts

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

Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors an officer of the each Borrower and which:

Appears in 2 contracts

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

Confirmation of no default. The Borrower will, within 2 five Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors the authorised representative or a director of the Borrower and which:

Appears in 2 contracts

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

Confirmation of no default. The Borrower will, within 2 two Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors an officer of the Borrower and which:

Appears in 2 contracts

Samples: Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)

Confirmation of no default. The Borrower will, within 2 two Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors an authorised representative of the Borrower and which:

Appears in 2 contracts

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

Confirmation of no default. The Borrower will, within 2 two (2) Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors an officer or a duly authorized person of the Borrower and whichwhich states that:

Appears in 2 contracts

Samples: Loan Agreement (Dorian LPG Ltd.), Loan Agreement (Dorian LPG Ltd.)

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors the authorised representative or a director of the Borrower and which:

Appears in 2 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Acquisition CORP)

Confirmation of no default. The Borrower will, within 2 three (3) Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors an officer of the Borrower and whichwhich states that:

Appears in 2 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors an officer of the that Borrower and which:

Appears in 2 contracts

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

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Confirmation of no default. The Borrower will, within 2 two Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors the director(s) of the Borrower and which:

Appears in 1 contract

Samples: Agreement (Navios Maritime Holdings Inc.)

Confirmation of no default. The Borrower will, within 2 5 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors an officer of the Borrower and which:

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Confirmation of no default. The Each Borrower will, within 2 5 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors of the that Borrower and which:

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors an authorised signatory of the Borrower and which:

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Confirmation of no default. The Borrower will, within 2 five Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors the authorised representative or a director of the Borrower or an officer of the Borrower’s general partner and which:

Appears in 1 contract

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

Confirmation of no default. The Each Borrower will, within 2 5 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors the authorised representative or a director of the that Borrower and which:

Appears in 1 contract

Samples: Loan Agreement (Poseidon Containers Holdings Corp.)

Confirmation of no default. The Borrower Borrowers will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors the authorised representative or a director of the each Borrower and which:

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors the sole director of the Borrower and which:

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Confirmation of no default. The Each Borrower will, within 2 two Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 two directors of the that Borrower and which:

Appears in 1 contract

Samples: Diana Shipping Inc.

Confirmation of no default. The Borrower will, within 2 five Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors the authorised representative of the Borrower or an officer of the Borrower’s general partner and which:

Appears in 1 contract

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

Confirmation of no default. The Borrower Borrowers will, within 2 5 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors a director of the each Borrower and which:

Appears in 1 contract

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

Confirmation of no default. The Borrower It will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors of the that Borrower and which:

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Confirmation of no default. The Borrower Borrowers will, not more than once per quarter and within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors of the Borrower Borrowers and which:

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Confirmation of no default. The Borrower will, within 2 three Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors an officer of the Borrower and which:

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Confirmation of no default. The Borrower will, within 2 two (2) Business Days after service by the Agent of a written requestrequest (prepared and delivered to the Agent by the Lender or Lenders identified below in this Clause 11.1(c)), serve on the Agent a notice which is signed by 2 directors an officer of the Borrower and whichwhich states that:

Appears in 1 contract

Samples: Second Lien Loan Agreement (Eagle Bulk Shipping Inc.)

Confirmation of no default. The the Borrower will, within 2 Business 3 Banking Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors an authorised officer of the Borrower and which:

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors the authorised signatory or a director of the that Borrower and which:

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Confirmation of no default. The Borrower Borrowers will, within 2 two (2) Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors an officer of each of the Borrower Borrowers and whichwhich states that:

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors a director of the that Borrower and which:

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Confirmation of no default. The Each Borrower will, within 2 two Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors the director(s) of the that Borrower and which:

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors a director of the Borrower that Xxxxxxxx and which:

Appears in 1 contract

Samples: Loan Agreement (Alma Maritime LTD)

Confirmation of no default. The Borrower Borrowers will, not more than once per quarter and within 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 directors at least one (1) director of each of the Borrower Borrowers and which:

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Confirmation of no default. The Borrower will, within 2 two (2) Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by 2 two (2) directors of the Borrower and which:

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

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