Notification of market disruption. The Facility Agent shall promptly notify the Borrower and each of the Lenders, stating the circumstances falling within Section 11.3 which have caused its notice to be given (the “Market-Disruption Notification”); provided, however, that the Market-Disruption Notification itself shall, absent manifest error, be final, conclusive and binding on all parties hereto.
Appears in 2 contracts
Samples: Credit Agreement (Tidewater Inc), Credit Facility Agreement (Tidewater Inc)
Notification of market disruption. The Facility Agent shall promptly notify the Borrower Borrowers and each of the Lenders, stating the circumstances falling within Section 11.3 13.4 which have caused its notice to be given (the “"Market-Disruption Notification”"); provided, however, that the level of detail of the Market-Disruption Notification shall be in the Facility Agent’s sole discretion and the Market-Disruption Notification itself shall, absent manifest error, be final, conclusive and binding on all parties hereto.
Appears in 2 contracts
Samples: Agreement (International Shipholding Corp), Senior Secured Term Loan Facility Agreement (International Shipholding Corp)
Notification of market disruption. The Facility Agent shall promptly notify the Borrower and each of the Lenders, stating the circumstances falling within Section 11.3 which have caused its notice to be given (the “Market-Disruption Notification”); provided, however, that the level of detail of the Market-Disruption Notification shall be in the Facility Agent’s discretion and the Market-Disruption Notification itself shall, absent manifest error, be final, conclusive and binding on all parties hereto.
Appears in 2 contracts
Samples: Credit Agreement (SEACOR Marine Holdings Inc.), Credit Agreement (SEACOR Marine Holdings Inc.)
Notification of market disruption. The Facility Agent shall promptly notify each of the Borrower Borrowers and each of the Lenders, stating the circumstances falling within Section 11.3 12.3 which have caused its notice to be given (the “"Market-Disruption Notification”"); provided, however, that the level of detail of the Market-Disruption Notification shall be in the Facility Agent's discretion and the Market-Disruption Notification itself shall, absent manifest error, be final, conclusive and binding on all parties hereto.
Appears in 1 contract
Samples: Senior Secured Bridge Loan Agreement (Dorian LPG Ltd.)
Notification of market disruption. The Facility Agent shall promptly notify each of the Borrower Borrowers and each of the Lenders, stating the circumstances falling within Section 11.3 which have caused its notice to be given (the “Market-Disruption Notification”); provided, however, that the level of detail of the Market-Disruption Notification shall be in the Facility Agent’s discretion and the Market-Disruption Notification itself shall, absent manifest error, be final, conclusive and binding on all parties hereto.
Appears in 1 contract
Samples: Consent and Agreement (SEACOR Marine Holdings Inc.)
Notification of market disruption. The Facility Agent shall promptly notify the Borrower Borrowers and each of the Lenders, stating the circumstances falling within Section 11.3 13.4 which have caused its notice to be given (the “"Market-Disruption Notification”"); provided, however, that the level of detail of the Market-Disruption Notification shall be in the Facility Agent's discretion and the Market-Disruption Notification itself shall, absent manifest error, be final, conclusive and binding on all parties hereto.
Appears in 1 contract
Samples: Senior Secured Term Loan Facility Agreement (International Shipholding Corp)
