Exercise of power. The exercise of such power by or on behalf of the Mortgagee shall not put any person dealing with the Mortgagee upon any enquiry as to whether any Event of Default has happened, nor shall such person be in any way affected by notice that no such Event of Default has happened, and the exercise by the Mortgagee of such power shall be conclusive evidence of the Mortgagee's right to exercise the same.
Appears in 17 contracts
Samples: Agreement (Paragon Shipping Inc.), Top Tankers Inc., Top Tankers Inc.
Exercise of power. The exercise of such power by or on behalf of the Mortgagee or any Receiver shall not put any person dealing with the Mortgagee or the Receiver upon any enquiry as to whether any Event of Default has happened, nor shall such person be in any way affected by notice that no such Event of Default has happened, and the exercise by the Mortgagee or the Receiver of such power shall be conclusive evidence of the Mortgagee's ’s or such Receiver’s right to exercise the same.
Appears in 8 contracts
Samples: Loan Agreement (DryShips Inc.), Credit Agreement (DryShips Inc.), Loan Agreement (Safe Bulkers, Inc.)
Exercise of power. The exercise of such power by or on behalf of the Mortgagee shall not put any person dealing with the Mortgagee upon any enquiry as to whether any Event of Default has happened, nor shall such person be in any way affected by notice that no such Event of Default has happened, and the exercise by the Mortgagee of such power shall be conclusive evidence of the Mortgagee's ’s right to exercise the same.
Appears in 8 contracts
Samples: Master Swap Agreement (Quintana Shipping Ltd.), Credit Agreement (DryShips Inc.), Loan Agreement (Safe Bulkers, Inc.)
Exercise of power. The exercise of such power by or on behalf of the Mortgagee shall not put any person dealing with the Mortgagee upon any enquiry as to whether any Event of Default has happenedhappened or whether the Mortgagee has made a demand for payment under the Corporate Guarantee, nor shall such person be in any way affected by notice that no such Event of Default has happened, and the exercise by the Mortgagee of such power shall be conclusive evidence of the Mortgagee's right to exercise the same.
Appears in 3 contracts
Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Globus Maritime LTD)
Exercise of power. The exercise of such power by or on behalf of the Mortgagee or any Receiver shall not put any person dealing with the Mortgagee or the Receiver upon any enquiry as to whether any Event of Default has happened, nor shall such person be in any way affected by notice that no such Event of Default has happened, and the exercise by the Mortgagee or the Receiver of such power shall be conclusive evidence of the Mortgagee's or such Receiver's right to exercise the same.
Appears in 3 contracts
Samples: Master Agreement (Capital Maritime & Trading Corp.), Loan Agreement (Capital Maritime & Trading Corp.), Master Agreement (Capital Maritime & Trading Corp.)
Exercise of power. The exercise of such power by or on behalf of the Mortgagee shall not put any person dealing with the Mortgagee upon any enquiry as to whether any Event of Default has happened, nor shall such person be in any way affected by notice that no such Event of Default event has happened, and the exercise by the Mortgagee of such power shall be conclusive evidence of the Mortgagee's its right to exercise the same.
Appears in 2 contracts
Samples: Loan Agreement (DryShips Inc.), Supplemental Agreement (DryShips Inc.)
Exercise of power. The exercise of such power by or on behalf of the Mortgagee shall not put any person dealing with the Mortgagee upon any enquiry as to whether any Event of Default has happened, nor shall such person be in any way affected by notice that no such Event of Default event has happened, and the exercise by the Mortgagee of such power shall be conclusive evidence of the Mortgagee's its or his right to exercise the same.
Appears in 1 contract
Exercise of power. The exercise of such power by or on behalf of the Mortgagee or any Receiver shall not put any person dealing with the Mortgagee or the Receiver upon any enquiry as to whether any Event of Default has happened, nor shall such person be in any way affected by notice that no such Event of Default has happened, happened and the exercise by the Mortgagee or the Receiver of such power shall be conclusive evidence of the Mortgagee's or such Receiver's right to exercise the same.
Appears in 1 contract