Common use of Confirmation of no default Clause in Contracts

Confirmation of no default. The Borrower will, within 3 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by an authorised officer of 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 Lender may serve requests under this Clause 10.13 from time to time; this Clause 10.13 does not affect the Borrower’s obligations under Clause 10.14.

Appears in 3 contracts

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

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Confirmation of no default. The Borrower will, within 3 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by an authorised officer the Chief Financial Officer of 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 Lender may serve requests under this Clause 10.13 10.12 from time to time; this Clause 10.13 10.12 does not affect the Borrower’s obligations under Clause 10.1410.13.

Appears in 2 contracts

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

Confirmation of no default. The Borrower will, within 3 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by an authorised officer the Chief Financial Officer of 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 Lender may serve requests under this Clause 10.13 10.14 from time to time; this Clause 10.13 10.14 does not affect the Borrower’s 's obligations under Clause 10.1410.15.

Appears in 2 contracts

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

Confirmation of no default. The Borrower will, within 3 5 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by an the Borrower’s chief financial officer provided that he or she is duly authorised officer of to bind the Borrower with his or her signature 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 Lender may serve requests under this Clause 10.13 10.12 from time to time; this Clause 10.13 10.12 does not affect the Borrower’s obligations under Clause 10.1410.13.

Appears in 2 contracts

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

Confirmation of no default. The Borrower will, within 3 Business Days after service by the Lender Agent of a written request, serve on the Lender Agent a notice which is signed by an authorised officer of 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 Lender Agent may serve requests under this Clause 10.13 11.13 from time to time; this Clause 10.13 11.13 does not affect the Borrower’s obligations under Clause 10.1411.14.

Appears in 2 contracts

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

Confirmation of no default. The Borrower will, within 3 2 Business Days after service by the Lender Agent of a written request, serve on the Lender Agent a notice which is signed by an authorised officer of 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 Lender Agent may serve requests under this Clause 10.13 11.13 from time to time; this Clause 10.13 11.13 does not affect the Borrower’s Borrowers’ obligations under Clause 10.1411.14.

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 3 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by an authorised officer 2 directors of the Borrower Borrower’s 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 Lender may serve requests under this Clause 10.13 10.12 from time to time; this Clause 10.13 10.12 does not affect the Borrower’s obligations under Clause 10.1410.13.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Confirmation of no default. The Borrower will, within 3 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by an authorised officer the Chief Financial Officer of 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 Lender may serve requests under this Clause 10.13 10.12 from time to time; this Clause 10.13 10.12 does not affect the Borrower’s 's obligations under Clause 10.1410.13.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

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Confirmation of no default. The Borrower will, within 3 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by an authorised officer a director of 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 Lender may serve requests under this Clause 10.13 10.14 from time to time; this Clause 10.13 10.14 does not affect the Borrower’s obligations under Clause 10.1410.15.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Confirmation of no default. The Each Borrower will, within 3 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by an authorised representative or an officer of the 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 Lender may serve requests under this Clause 10.13 10.14 from time to time; this Clause 10.13 10.14 does not affect the any Borrower’s 's obligations under Clause 10.1410.15.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Confirmation of no default. The Borrower will, within 3 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by an authorised officer director of 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 Lender may serve requests under this Clause 10.13 from time to time; this Clause 10.13 does not affect the Borrower’s 's obligations under Clause 10.14.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Confirmation of no default. The Borrower will, within 3 2 Business Days after service by the Lender Agent of a written request, serve on the Lender Agent a notice which is signed by an authorised officer 2 directors of 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 Lender Agent may serve requests under this Clause 10.13 11.13 from time to time; this Clause 10.13 11.13 does not affect the Borrower’s Borrowers’ obligations under Clause 10.1411.14.

Appears in 1 contract

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

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