Common use of Issuance of DOC and SMC Clause in Contracts

Issuance of DOC and SMC. and will procure that any Operator will, promptly inform the Agent upon the issue to the Borrower or any Operator of a DOC and to a Ship of an SMC or the receipt by any of the Borrower or any Operator of notification that its application for the same has been refused;

Appears in 4 contracts

Samples: Facilities Agreement (Aries Maritime Transport LTD), Facilities Agreement (Omega Navigation Enterprises, Inc.), Facility Agreement (Aries Maritime Transport LTD)

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Issuance of DOC and SMC. and will procure that any Operator will, promptly inform the Agent upon the issue to any of the Borrower Borrowers or any Operator of a DOC and to a Ship any of the Ships of an SMC or the receipt by any of the Borrower Borrowers or any Operator of notification that its application for the same has been refused;

Appears in 3 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Mc Shipping Inc)

Issuance of DOC and SMC. and will procure that any Operator and each other Owner will, promptly inform the Facility Agent upon the issue issuance to the Borrower or any Operator of a DOC and to a each Ship of an SMC or the receipt by any of the Borrower an Owner or any Operator of notification that its application for the same has been refused;

Appears in 2 contracts

Samples: On Delivery Facility Agreement (Paragon Shipping Inc.), On Delivery Buyer Credit Facility Agreement (DryShips Inc.)

Issuance of DOC and SMC. and will procure that the Manager or any Operator will, promptly inform the Agent upon the issue to either of the Borrower Borrowers, the Manager or any Operator of a DOC and to a each Ship of an SMC or the receipt by any either of the Borrower Borrowers, the Manager or any Operator of notification that its application for the same has been refused;

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Issuance of DOC and SMC. and will procure that any Operator will, promptly inform the Agent upon the issue issuance to any of the Borrower Borrowers or any Operator of a DOC and to a Ship any of the Ships of an SMC or the receipt by any of the Borrower Borrowers or any Operator of notification that its application for the same has been refused;

Appears in 1 contract

Samples: Senior Loan Agreement (FreeSeas Inc.)

Issuance of DOC and SMC. and will procure that any Operator will, promptly inform the Agent upon the issue issuance to the Borrower or any Operator of a DOC and to a the Ship of an SMC or the receipt by any of the Borrower or any Operator of notification that its application for the same has been refused;

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Issuance of DOC and SMC. and will procure that any Operator will, promptly inform the Agent Bank upon the issue issuance to the Borrower or any Operator of a DOC and to a each Ship of an SMC or the receipt by any of the Borrower relevant Owner or any Operator of notification that its application for the same has been refused;

Appears in 1 contract

Samples: Facility Agreement (Globus Maritime LTD)

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Issuance of DOC and SMC. and will procure that any Operator will, promptly inform the Agent Mortgagee upon the issue to the Borrower Owner or any Operator of a DOC and to a the Ship of an SMC or the receipt by any of the Borrower Owner or any Operator of notification that its application for the same has been refused;; and

Appears in 1 contract

Samples: Quadripartite Deed (Top Tankers Inc.)

Issuance of DOC and SMC. and will procure that any Operator will, promptly inform the Agent Bank upon the issue issuance to the Borrower or any Operator of a DOC and to a the Ship of an SMC or the receipt by any of the Borrower Guarantor or any Operator of notification that its application for the same has been refused;; and

Appears in 1 contract

Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Issuance of DOC and SMC. and will procure that any Operator will, will promptly inform the Agent upon the issue to the Borrower or any Operator of a DOC and to a Ship of an SMC or the receipt by any of the either Borrower or any Operator of notification that its application for the same a DOC or any application for an SMC for any Mortgaged Vessel has been refused;

Appears in 1 contract

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

Issuance of DOC and SMC. and will procure that any Operator and each Owner will, promptly inform the Agent Bank upon the issue to the Borrower any Owner or any Operator of a DOC and to a each Ship of an SMC or the receipt by any of the Borrower Owner or any Operator of notification that its application for the same has been refused;; and

Appears in 1 contract

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.)

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