Common use of Effect of variation notice Clause in Contracts

Effect of variation notice. The Lender may give notices under Clause 17.2 from time to time; and such a notice may be stated to apply not only to sums which may be received or recovered in the future, but also to any sum which has been received or recovered on or after the third Business Day before the date on which the notice is served.

Appears in 2 contracts

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

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Effect of variation notice. The Lender may give notices under Clause 17.2 11.3(b) (Notice of variation of order of application) from time to time; and such a notice may be stated to apply not only to sums which may be received or recovered in the future, but also to any sum which has been received or recovered on or after the third Business Day before the date on which the notice is served.

Appears in 1 contract

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.)

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Effect of variation notice. The Lender may give notices under Clause 17.2 21.2 from time to time; and such a notice may be stated to apply not only to sums which may be received or recovered in the future, but also to any sum which has been received or recovered on or after the third Business Day before the date on which the notice is served.

Appears in 1 contract

Samples: Loan Agreement (Knightsbridge Tankers LTD)

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