Common use of Lender's Consent Clause in Contracts

Lender's Consent. The Lenders hereby agree to the termination of the Policy in respect of the Relevant Vessels on condition that: 2.1.1 the Agent, or its authorised representative, has received the documents and evidence specified in Clause 3.1 in form and substance satisfactory to the Agent (acting on the instructions of the Majority Lenders); and 2.1.2 the representations and warranties contained in clause 4 are then true and correct as if each was made with respect to the facts and circumstances existing at such time.

Appears in 4 contracts

Samples: Supplemental Agreement (Navios Maritime Partners L.P.), Third Supplemental Agreement (Navios Maritime Partners L.P.), Supplemental Agreement

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