Common use of No additional costs Clause in Contracts

No additional costs. If at the time of, or immediately after, any assignment or transfer by the Lender of all or any part of its rights or benefits or obligations under this Agreement, or any change in the office through which it lends for the purposes of this Agreement, the Borrowers would be obliged to pay to the Lender or, as the case may be, the Transferee Lender under clause 3.5, 6.6 or clause 12.2 any sum in excess of the sum (if any) which it would have been obliged to pay to the Lender or the Transferor Lender, as the case may be, under the relevant clause in the absence of such assignment, transfer or change, the Borrowers shall not be obliged to pay that excess.

Appears in 2 contracts

Samples: Facility Agreement (Euroseas Ltd.), Agreement (EuroDry Ltd.)

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No additional costs. If at the time of, or immediately after, any assignment or and/or transfer by the Lender of all or any part of its rights or and/or benefits or and/or obligations under this Agreement, or any change in the office through which it the Lender lends for the purposes of this Agreement, the Borrowers Borrower would be obliged to pay to the Lender or, as Assignee or Transferee or (in the case may be, of a change of lending office) the Transferee Lender under clause 3.5, 6.6 or clause 12.2 any sum in excess of exceeding the sum (if any) which it would have been obliged to pay to the Lender or the Transferor Lender, as the case may be, under the relevant clause in the absence of had no such assignment, transfer or changechange taken place, the Borrowers Borrower shall not be obliged to pay that such excess.

Appears in 2 contracts

Samples: Navios Maritime Midstream Partners LP, Navios Maritime Midstream Partners LP

No additional costs. If at the time of, or immediately after, any assignment or transfer by the Lender of all or any part of its rights or benefits or obligations under this Agreement, or any change in the office through which it lends for the purposes of this Agreement, the Borrowers Borrower would be obliged to pay to the Lender or, as the case may be, the Transferee Lender under clause 3.5, 6.6 or clause 12.2 any sum in excess of the sum (if any) which it would have been obliged to pay to the Lender or the Transferor Lender, as the case may be, under the relevant clause in the absence of such assignment, transfer or change, the Borrowers Borrower shall not be obliged to pay that excess.

Appears in 1 contract

Samples: Agreement (Euroseas Ltd.)

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No additional costs. If at the time of, or immediately after, any assignment or transfer by the Lender of all or any part of its rights or benefits or obligations under this Agreement, or any change in the office through which it lends for the purposes of this Agreement, the Borrowers Borrower would be obliged to pay to the Lender or, as the case may be, the Transferee Lender under clause 3.53.4, 6.6 or clause 12.2 any sum in excess of the sum (if any) which it would have been obliged to pay to the Lender or the Transferor Lender, as the case may be, under the relevant clause in the absence of such assignment, transfer or change, the Borrowers Borrower shall not be obliged to pay that excess.

Appears in 1 contract

Samples: Agreement (EuroDry Ltd.)

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