Modification of insurance requirements. The Agent shall notify the Borrowers of any proposed modification under Clause 13.17 to the requirements of this Clause 13 which the Agent reasonably considers necessary in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrowers as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that the Borrowers shall have 20 days to comply with such requirements.
Appears in 3 contracts
Samples: Loan Agreement (Dynagas LNG Partners LP), Loan Agreement (Dynagas LNG Partners LP), Loan Agreement
Modification of insurance requirements. The Agent shall notify the Borrowers of any proposed modification under Clause 13.17 13.18 to the requirements of this Clause 13 which the Agent reasonably considers necessary appropriate in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrowers relevant Borrower as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that the Borrowers shall have 20 days to comply with such requirementsBorrower accordingly.
Appears in 3 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.)
Modification of insurance requirements. The Agent (acting on the instructions of the Majority Lenders) shall notify the Borrowers Borrower and the Owners of any proposed modification under Clause 13.17 13.18 to the requirements of this Clause 13 which the Agent reasonably considers necessary appropriate in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrowers Borrower and the Owners as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that Borrower and the Borrowers shall have 20 days to comply with such requirementsOwners accordingly.
Appears in 3 contracts
Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Deed of Amendment and Restatement (Capital Product Partners L.P.)
Modification of insurance requirements. The Agent shall notify the Borrowers of any proposed modification under Clause 13.17 13.18 to the requirements of this Clause 13 which the Agent Agent, may or, on instruction of the Majority Lenders, shall reasonably considers necessary consider appropriate, in the circumstancescircumstances and, after consultation and taking full account of the Borrower’s opinions, such modification shall take effect on and from the date it is notified in writing to the Borrowers as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that the Borrowers shall have 20 days to comply with such requirementsaccordingly.
Appears in 2 contracts
Samples: Amending and Restating Agreement (TBS International PLC), Amending and Restating Agreement (TBS International PLC)
Modification of insurance requirements. The Agent shall notify the Borrowers of any proposed modification under Clause 13.17 to the requirements of this Clause 13 which the Agent reasonably considers necessary in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrowers as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that the Borrowers shall have 20 days to comply with such requirements.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Dynagas LNG Partners LP)
Modification of insurance requirements. The Agent shall notify the Borrowers Owners (or any of them) of any proposed modification under Clause 13.17 13.16 to the requirements of this Clause 13 which the Agent considers reasonably considers necessary in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrowers Owners (or any of them) as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that the Borrowers shall have 20 days to comply with such requirementsOwners accordingly.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Product Shipping Ltd.)
Modification of insurance requirements. The Agent shall notify the Borrowers Borrower of any proposed modification under Clause 13.17 0 to the requirements of this Clause 13 which the Agent considers reasonably considers necessary in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrowers Borrower as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that the Borrowers shall have 20 days to comply with such requirementsBorrower accordingly.
Appears in 2 contracts
Samples: Loan Agreement (Product Shipping Ltd.), Loan Agreement (Product Shipping Ltd.)
Modification of insurance requirements. The Agent shall notify the Borrowers of any proposed modification under Clause 13.17 18.18 to the requirements of this Clause 13 which the Agent Agent, may or, on instruction of the Majority Lenders, shall reasonably considers necessary consider appropriate, in the circumstancescircumstances and, after consultation and taking full account of the Borrower’s opinions, such modification shall take effect on and from the date it is notified in writing to the Borrowers as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that the Borrowers shall have 20 days to comply with such requirementsaccordingly.
Appears in 1 contract
Modification of insurance requirements. The Agent shall notify the Borrowers Borrower of any proposed modification under Clause 13.17 13.18 to the requirements of this Clause 13 which the Agent reasonably considers necessary Lenders consider appropriate in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrowers Borrower as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that the Borrowers shall have 20 days to comply with such requirementsBorrower accordingly.
Appears in 1 contract
Samples: Loan Agreement (StealthGas Inc.)
Modification of insurance requirements. The Agent shall notify the Borrowers of any proposed modification under Clause 13.17 13.18 to the requirements of this Clause 13 which the Agent reasonably considers necessary Majority Lenders consider appropriate in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrowers as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that the Borrowers shall have 20 days to comply with such requirementsaccordingly.
Appears in 1 contract
Modification of insurance requirements. The Agent (acting on the instructions of the Majority Lenders) shall notify the Borrowers Borrower and the Owner of any proposed modification under Clause 13.17 13.18 to the requirements of this Clause 13 which the Agent reasonably considers necessary appropriate in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrowers Borrower and the Owner as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that Borrower and the Borrowers shall have 20 days to comply with such requirementsOwner accordingly.
Appears in 1 contract
Modification of insurance requirements. The Agent shall notify the Borrowers Borrower and the Owner of any proposed modification under Clause 13.17 to the requirements of this Clause 13 which the Agent Lenders reasonably considers necessary appropriate in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrowers Borrower and the Owner as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that the Borrowers shall have 20 days to comply with such requirementsBorrower accordingly.
Appears in 1 contract
Modification of insurance requirements. The Agent shall notify the Borrowers Borrower of any proposed modification under Clause 13.17 to the requirements of this Clause 13 which the Agent reasonably considers necessary appropriate in the circumstancescircumstances and after a review conducted under Clause 13.18 and, and after consultation with the Borrower, such modification shall take effect on and from the date it is notified in writing to the Borrowers Borrower as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that the Borrowers shall have 20 days to comply with such requirementsBorrower accordingly.
Appears in 1 contract
Modification of insurance requirements. The Agent shall notify the Borrowers of any proposed modification under Clause 13.17 13.18 (Review of insurance requirements) to the requirements of this Clause 13 (Insurance) which the Agent Majority Lenders reasonably considers necessary consider appropriate in the circumstances, and such modification shall take effect without undue delay on and from the date it is notified in writing to the Borrowers as an amendment to this Clause 13 (Insurance) and shall bind the Borrowers accordingly Provided that the Borrowers shall have 20 days to comply with such requirementsaccordingly.
Appears in 1 contract