Common use of Notification of default Clause in Contracts

Notification of default. The Borrower will notify the Lender as soon as the Borrower becomes aware of:

Appears in 35 contracts

Samples: Loan Agreement, Loan Agreement (Box Ships Inc.), Agreement (DryShips Inc.)

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Notification of default. The Borrower will notify the Lender as soon as the Borrower it becomes aware of:

Appears in 7 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Pyxis Tankers Inc.), Agreement (NewLead Holdings Ltd.)

Notification of default. The Each Borrower will notify the Lender as soon as the that Borrower becomes aware of:

Appears in 7 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Quintana Shipping Ltd.)

Notification of default. The Each Borrower will notify the Lender as soon as the either Borrower becomes aware of:

Appears in 4 contracts

Samples: Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.), Loan Agreement (Oceanfreight Inc.)

Notification of default. The Each Borrower will shall notify the Lender as soon as the that Borrower becomes aware of:

Appears in 4 contracts

Samples: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)

Notification of default. The Borrower will shall notify the Lender as soon as the Borrower becomes aware of:

Appears in 3 contracts

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Knightsbridge Tankers LTD), Agreement (Aegean Marine Petroleum Network Inc.)

Notification of default. The Borrower will shall notify the Lender as soon as the Borrower becomes aware of:

Appears in 3 contracts

Samples: Loan Agreement (Kenon Holdings Ltd.), Loan Agreement (Kenon Holdings Ltd.), Loan Agreement (Kenon Holdings Ltd.)

Notification of default. The the Borrower will notify the Lender as soon as the Borrower becomes aware of:

Appears in 2 contracts

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

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Notification of default. The Each Borrower will notify the Lender as soon as the any Borrower becomes aware of:

Appears in 2 contracts

Samples: Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Notification of default. The the Borrower will notify the Lender as soon as the Borrower becomes aware of:of the occurrence of an Event of Default and will keep the Lender fully up-to-date with all developments;

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Notification of default. The Borrower It will notify the Lender as soon as the that Borrower becomes aware of:

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Notification of default. The Each Borrower will notify the Lender as soon as the Borrower it becomes aware of:

Appears in 1 contract

Samples: Agreement (Diana Shipping Inc.)

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