Demand Basis. If, pursuant to Clause 9.2(b), the Lender declares the Loan to be due and payable on demand, the Lender may by written notice to the Borrower (a) call for repayment of the Loan on such date as may be specified whereupon the Loan shall become due and payable on the date so specified together with all interest accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 7 contracts
Samples: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Performance Shipping Inc.), Loan Agreement (Performance Shipping Inc.)
Demand Basis. If, pursuant to Clause 9.2(b)under clause 10.2.2, the Lender declares has declared the Loan to be due and payable on demand, at any time thereafter the Lender may by written notice to the Borrower (a) call for demand repayment of the Loan on such date as may be specified whereupon whereupon, regardless of any other provision of this Agreement, the Loan shall become due and payable on the date so specified together with all interest accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 7 contracts
Samples: Facility Agreement, Facility Agreement (Navios Maritime Midstream Partners LP), Facility Agreement (Navios Maritime Midstream Partners LP)
Demand Basis. If, pursuant to Clause 9.2(b)under clause 10.2.2, the Lender declares has declared the Loan to be due and payable on demand, at any time thereafter the Lender may by written further notice to the Borrower (a) call for demand repayment of the Loan on such date as may be specified whereupon the Loan shall become due and payable on the date so specified together accordingly with all interest accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such noticeAgreement.
Appears in 5 contracts
Samples: Secured Loan Agreement (Navios Maritime Holdings Inc.), Secured Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.)
Demand Basis. If, pursuant to Clause 9.2(b)under clause 9.2.2, the Lender declares has declared the Loan to be due and payable on demand, at any time thereafter the Lender may by written further notice to the Borrower (a) call for demand repayment of the Loan on such date as may be specified whereupon the Loan shall become due and payable on the date so specified together accordingly with all interest accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such noticeAgreement.
Appears in 3 contracts
Samples: Loan Agreement (Navios Maritime Acquisition Corp), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP)
Demand Basis. If, pursuant to Clause 9.2(b)clause 10.2.2, the Lender Bank declares the Loan to be due and payable on demand, the Lender Bank may by written notice to the Borrower (a) call for repayment of the Loan on such date as may be specified whereupon the Loan shall become due and payable on the date so specified together with all interest and commitment commission accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 3 contracts
Samples: Facility Agreement (FreeSeas Inc.), Loan Agreement (DryShips Inc.), Loan Agreement (Navios Maritime Holdings Inc.)
Demand Basis. If, pursuant to Clause 9.2(b)under clause 10.2.2, the Lender declares has declared the Loan to be due and payable on demand, at any time thereafter the Lender may shall by written notice to the Borrower (a) call for demand repayment of the Loan on such date as may be specified whereupon whereupon, regardless of any other provision of this Agreement, the Loan shall become due and payable on the date so specified together with all interest accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 2 contracts
Samples: Loan Agreement (EuroDry Ltd.), Facility Agreement (Euroseas Ltd.)
Demand Basis. If, pursuant to Clause 9.2(b)under clause 10.2.2, the Lender declares has declared the Loan to be due and payable on demand, at any time thereafter the Lender may shall by written notice to the Borrower Borrowers (a) call for demand repayment of the Loan on such date as may be specified whereupon whereupon, regardless of any other provision of this Agreement, the Loan shall become due and payable on the date so specified together with all interest accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 2 contracts
Samples: Facility Agreement (Euroseas Ltd.), Facility Agreement (EuroDry Ltd.)
Demand Basis. If, pursuant to Clause 9.2(b)clause 10.2.2, the Lender Bank declares the Loan to be due and payable on demand, the Lender Bank may by written notice to the Borrower (a) call for repayment of the Loan on such date as may be specified whereupon the Loan shall become due and payable on the date so specified together with all interest accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 2 contracts
Samples: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (Capital Maritime & Trading Corp.)
Demand Basis. If, pursuant to Clause 9.2(bclause 9.10(a), the Lender Bank declares the Loan to be due and payable on demand, the Lender Bank may by written notice to the Borrower (a) call for repayment of the Loan on such date as may be specified whereupon the Loan shall become due and payable on the date so specified together with all interest accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 2 contracts
Samples: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)
Demand Basis. If, If pursuant to Clause 9.2(b)clause 10.2.2, the Lender Bank declares the Loan to be due and payable on demand, the Lender Bank may by written notice to the Borrower (a) call for repayment of the Loan on such date as may be specified whereupon the Loan shall become due and payable on the date so specified together with all interest accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 1 contract
Demand Basis. If, pursuant to Clause 9.2(b)clause 10.2.2, the Lender Bank declares the Loan to be due and payable on demand, the Lender Bank may by written notice to the Borrower Borrowers (a) call for repayment of the Loan on such date as may be specified whereupon the Loan shall become due and payable on the date so specified together with all interest and commitment commission accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 1 contract
Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.)
Demand Basis. If, pursuant to Clause 9.2(b), the Lender declares the Loan to be due and payable on demand, the Lender may by written notice to the Borrower Borrowers (a) call for repayment of the Loan on such date as may be specified whereupon the Loan shall become due and payable on the date so specified together with all interest accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 1 contract
Samples: Loan Agreement (Imperial Petroleum Inc./Marshall Islands)
Demand Basis. If, pursuant to Clause 9.2(b)under clause 10.2.2, the Lender declares Bank has declared the Loan to be due and payable on demand, at any time thereafter the Lender Bank may by written further notice to the Borrower (a) call for Borrowers demand repayment of the Loan on such date as may be specified whereupon the Loan shall become due and payable on the date so specified together accordingly with all interest and commitment commission accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such noticeAgreement.
Appears in 1 contract
Samples: Facility Agreement (Navios Maritime Acquisition CORP)
Demand Basis. If, pursuant to Clause 9.2(b), the Lender declares the Loan to be due and payable on demand, the Lender may by written notice to the Borrower (a) call for repayment of the Loan on such date as may be specified whereupon the Loan shall become due and payable on the date so specified together with all interest and commitment commission accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 1 contract
Demand Basis. If, pursuant to under Clause 9.2(b)12.2.2, the Lender declares has declared the Loan to be due and payable on demand, at any time thereafter the Lender may shall by written notice to the Borrower Borrowers (a) call for demand repayment of the Loan on such date as may be specified whereupon whereupon, regardless of any other provision of this Agreement, the Loan shall become due and payable on the date so specified together with all interest accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 1 contract
Demand Basis. If, pursuant to Clause 9.2(b)clause 10.2.2, the Lender Bank declares the Loan to be due and payable on demand, the Lender Bank may by written notice to the Borrower Borrowers (a) call for repayment of the Loan on such date as may be specified whereupon the Loan shall become due and payable on the date so specified together with all interest interest, commitment commission and guarantee commission accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 1 contract
