Confirmation of no default. 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 the authorised representative or a director of that Borrower and which: (a) states that no Event of Default or Potential Event of Default has occurred; or (b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches has been advanced) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' obligations under Clause 11.15.
Appears in 2 contracts
Samples: Loan Agreement (Star Bulk Management Inc.), Loan Agreement (Star Bulk Management Inc.)
Confirmation of no default. Each 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 the authorised representative an officer or a director duly authorized person of that the Borrower and whichwhich states that:
(ai) states that no Event of Default or Potential Event of Default has occurred; or
(bii) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 11.1(c) from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. 40% of the Loan or (if neither of the Tranches has no Advances have been advancedmade) Commitments exceeding 10 per cent. 40% of the Total Commitments; , and this Clause 11.14 11.1(c) does not affect the Borrowers' Borrower’s obligations under Clause 11.1511.1(b).
Appears in 2 contracts
Samples: Loan Agreement (Dorian LPG Ltd.), Loan Agreement (Dorian LPG Ltd.)
Confirmation of no default. 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 the authorised representative or a director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches has Advances have been advanceddrawn down) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' ’ obligations under Clause 11.15.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Navios Maritime Partners L.P.)
Confirmation of no default. Each 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 the authorised representative an officer or a director of that the Borrower and which:which (based on its most recent annual or interim financial statements):
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches Loan has not been advanced) Commitments exceeding 10 per cent. cent of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' Borrower's obligations under Clause 11.15.
Appears in 2 contracts
Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)
Confirmation of no default. Each 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 an officer of the authorised representative or a director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches Loan has not been advancedborrowed) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' Borrower’s obligations under Clause 11.15.
Appears in 2 contracts
Samples: Amending and Restating Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)
Confirmation of no default. 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 the authorised representative or a director an officer of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The , the Facility Agent may serve requests under this Clause 11.14 11.13 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches has been advanced) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 11.13 does not affect the Borrowers' that Borrower’s obligations under Clause 11.1511.14.
Appears in 2 contracts
Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)
Confirmation of no default. 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 the authorised representative or a director an officer of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches Loan has not been advancedmade) Commitments exceeding 10 per cent. cent of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' obligations under Clause 11.15.
Appears in 2 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.)
Confirmation of no default. Each 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 authorised representative or a director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if reasonably asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches Loan has not been advancedmade) Commitments exceeding 10 per cent. cent of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' Borrower’s obligations under Clause 11.15.
Appears in 2 contracts
Samples: Loan Agreement (Euronav NV), Loan Agreement (Euronav NV)
Confirmation of no default. Each 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 authorised representative or a director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The , the Facility Agent may serve requests under this Clause 11.14 11.15 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches has been advanced) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 11.15 does not affect the Borrowers' Borrower’s obligations under Clause 11.1511.16.
Appears in 2 contracts
Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement
Confirmation of no default. 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 the authorised representative or a director 2 directors of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but no more than 4 times in any 12 month period and then only if asked to do so by a Lender or Lenders having Contributions exceeding 10 50 per cent. of the Loan or (if neither of the Tranches an Advance has been advancedmade) Commitments exceeding 10 50 per cent. of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' obligations under Clause 11.15.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Dynagas LNG Partners LP)
Confirmation of no default. Each 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 authorised representative or a director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches Loan has not been advancedmade) Commitments exceeding 10 per cent. cent of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' Borrower’s obligations under Clause 11.15.
Appears in 2 contracts
Samples: Loan Agreement (GasLog Ltd.), Loan Agreement (B Plus H Ocean Carriers LTD)
Confirmation of no default. 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 the authorised representative or a any director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but no more than 4 times in any 12 month period and then only if asked to do so by a Lender or Lenders having Contributions exceeding 10 50 per cent. of the Loan or (or, if neither of the Tranches an Advance has been advanced) made, Commitments exceeding 10 50 per cent. of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' ’ obligations under Clause 11.15.
Appears in 2 contracts
Samples: Loan Agreement (Dynagas LNG Partners LP), Loan Agreement
Confirmation of no default. Each 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 the authorised representative or a director of that the Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches has no Advances have been advancedmade) Commitments exceeding 10 per cent. of the Total Commitments; Commitments and this Clause 11.14 does not affect the Borrowers' Borrower’s obligations under Clause 11.15.
Appears in 2 contracts
Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)
Confirmation of no default. Each 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 authorised representative or a director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches Loan has not been advancedmade) Commitments exceeding 10 per cent. cent of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' ’ obligations under Clause 11.15.
Appears in 1 contract
Samples: Loan Agreement (GasLog Ltd.)
Confirmation of no default. Each Borrower The 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 the authorised representative or a director of that each Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches has been advanced) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' ’ obligations under Clause 11.15.
Appears in 1 contract
Confirmation of no default. Each 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 an authorised officer of the authorised representative or a director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches Loan has not been advanced) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' Borrower’s obligations under Clause 11.15.
Appears in 1 contract
Confirmation of no default. Each 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 authorised representative or a director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurredoccurred which is continuing; or
(b) states that no Event of Default or Potential Event of Default has occurredoccurred which is continuing, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 11.11 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches Loan has not been advancedmade) Commitments exceeding 10 per cent. cent of the Total Commitments; and this Clause 11.14 11.11 does not affect the Borrowers' Borrower's obligations under Clause 11.1511.12.
Appears in 1 contract
Confirmation of no default. Each Borrower The 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 the authorised representative or a director 2 directors of that each Borrower and which:
(a) a. states that no Event of Default or Potential Latent Event of Default has occurred; or
(b) b. states that no Event of Default or Potential Latent Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 11.13 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches Loan has not been advancedmade) Commitments exceeding 10 per cent. cent of the Total Commitments; and this Clause 11.14 11.13 does not affect the Borrowers' obligations under Clause 11.1511.14.
Appears in 1 contract
Confirmation of no default. Each 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 authorised representative or a director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurredoccurred which is continuing; or
(b) states that no Event of Default or Potential Event of Default has occurredoccurred which is continuing, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 11.11 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches Loan has not been advancedmade) Commitments exceeding 10 per cent. cent of the Total Commitments; and this Clause 11.14 11.11 does not affect the Borrowers' Borrower’s obligations under Clause 11.1511.12.
Appears in 1 contract
Confirmation of no default. 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 the authorised representative or a director 2 directors of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 11.15 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches has no Advances have been advancedmade) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 11.15 does not affect the Borrowers' obligations under Clause 11.1511.16.
Appears in 1 contract
Samples: Loan Agreement (Top Ships Inc.)
Confirmation of no default. 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 the authorised representative signatory or a director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither none of the Tranches has have been advanced) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' obligations under Clause 11.15.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Confirmation of no default. 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 the authorised representative or a director director(s) of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches has no Advances have been advancedmade) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' ’ obligations under Clause 11.15.
Appears in 1 contract
Confirmation of no default. 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 the authorised representative or a director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 11.15 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the no Tranches has have been advancedmade) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 11.15 does not affect the Borrowers' ’ obligations under Clause 11.1511.16.
Appears in 1 contract
Samples: Loan Agreement (Box Ships Inc.)
Confirmation of no default. 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 the authorised representative or a any director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but no more than 4 times in any 12 month period and then only if asked to do so by a Lender or Lenders having Contributions exceeding 10 50 per cent. of the Loan or (or, if neither of the Tranches an Advance has been advanced) made, Commitments exceeding 10 50 per cent. of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' obligations under Clause 11.15.
Appears in 1 contract
Confirmation of no default. Each 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 the authorised representative of the Borrower or a director an officer of that Borrower the Borrower’s general partner and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches Loan has not been advanced) or Commitments exceeding 10 per cent. of the Total Commitments; Commitments and this Clause 11.14 does not affect the Borrowers' Borrower’s obligations under Clause 11.15.
Appears in 1 contract
Confirmation of no default. 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 the authorised representative or a director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches has been advanced) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' ’ obligations under Clause 11.15.
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)
Confirmation of no default. Each 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 authorised representative or a director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 11.13 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches Loan has not been advanced) Commitments exceeding 10 per cent. cent of the Total Commitments; and this Clause 11.14 11.13 does not affect the Borrowers' Borrower's obligations under Clause 11.1511.14.
Appears in 1 contract
Samples: Amending and Restating Agreement (Paragon Shipping Inc.)
Confirmation of no default. 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 the authorised representative or a director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve reasonable requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither none of the Tranches has have been advanced) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' obligations under Clause 11.15.
Appears in 1 contract
Confirmation of no default. Each 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 an authorised officer of the authorised representative or a director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 12.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches no Advance has been advancedmade) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 12.14 does not affect the Borrowers' Borrower’s obligations under Clause 11.1512.15.
Appears in 1 contract
Confirmation of no default. Each 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 the authorised representative an officer or a director of that the Borrower and which:which (based on its most recent annual or interim financial statements):
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches no Tranche has been advanced) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' Borrower’s obligations under Clause 11.15.
Appears in 1 contract
Confirmation of no default. Each 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 the authorised representative or a director director(s) of that the Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches Loan has not been advancedborrowed) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' Borrower’s obligations under Clause 11.15.
Appears in 1 contract
Confirmation of no default. 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 the authorised representative or a director of that Borrower and which:
(a) states that no Potential Event of Default or Potential Event of Default has occurredoccurred and is continuing; or
(b) states that no Potential Event of Default or Potential Event of Default has occurredoccurred and is continuing, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 11.15 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the no Tranches has have been advancedmade) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 11.15 does not affect the Borrowers' ’ obligations under Clause 11.1511.16.
Appears in 1 contract
Samples: Amending and Restating Agreement (Poseidon Containers Holdings Corp.)
Confirmation of no default. 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 the authorised representative or a director an officer of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurredis continuing; or
(b) states that no Event of Default or Potential Event of Default has occurredis continuing, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches has no Advances have been advancedmade) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' ’ obligations under Clause 11.15.
Appears in 1 contract
Confirmation of no default. 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 the authorised representative or a director 2 directors of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurredoccurred and is continuing; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches has no Advances have been advancedmade) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' ’ obligations under Clause 11.15.
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)
Confirmation of no default. Each 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 authorised representative or a director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 11.13 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches no Advance has been advancedmade) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 11.13 does not affect the Borrowers' Borrower’s obligations under Clause 11.1511.14.
Appears in 1 contract
Confirmation of no default. Each 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 an officer of the authorised representative or a director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 11.12 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches Loan has not been advancedmade) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 11.12 does not affect the Borrowers' Borrower's obligations under Clause 11.1511.13.
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Samples: Loan Agreement (Diana Shipping Inc.)
Confirmation of no default. 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 the authorised representative or a director an officer of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches has no Advances have been advancedmade) Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' obligations under Clause 11.15.
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Confirmation of no default. 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 the authorised representative or a any director of that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 11.16 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (or, if neither of the Tranches an Advance has been advanced) made, Commitments exceeding 10 per cent. of the Total Commitments; and this Clause 11.14 11.16 does not affect the Borrowers' ’ obligations under Clause 11.1511.16.
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Confirmation of no default. Each 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 authorised representative or a director of that Borrower and which:
(a) states that no Event of Default or Potential Latent Event of Default has occurred; or
(b) states that no Event of Default or Potential Latent Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.14 from time to time but only if asked to do so by a Lender or Lenders having Contributions exceeding 10 per cent. of the Loan or (if neither of the Tranches Loan has not been advancedmade) Commitments exceeding 10 per cent. cent of the Total Commitments; and this Clause 11.14 does not affect the Borrowers' Borrower’s obligations under Clause 11.15.
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