Common use of Permitted deductions by Agent Clause in Contracts

Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may, before making an amount available to a Lender, deduct and withhold from that amount any sum which is then due and payable to the Agent from that Lender under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender to pay on demand.

Appears in 95 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

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Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may, before making an amount available to a LenderLender or the Swap Bank, deduct and withhold from that amount any sum which is then due and payable to the Agent from that Lender or the Swap Bank under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender or the Swap Bank to pay on demand.

Appears in 36 contracts

Samples: Agreement (Euroseas Ltd.), Loan Agreement, Loan Agreement (Global Ship Lease, Inc.)

Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may, before making an amount available to a LenderLender or a Swap Counterparty, deduct and withhold from that amount any sum which is then due and payable to the Agent from that Lender or that Swap Counterparty under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender or that Swap Counterparty to pay on demand.

Appears in 28 contracts

Samples: Agreement, Agreement (Scorpio Bulkers Inc.), Loan Agreement

Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may, before making an amount available to a LenderLender or a Swap Bank, deduct and withhold from that amount any sum which is then due and payable to the Agent from that Lender or that Swap Bank under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender or that Swap Bank to pay on demand.

Appears in 6 contracts

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.), Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.), Loan Agreement (Paragon Shipping Inc.)

Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may, before making an amount available to a Lender, deduct and withhold from that amount any sum which is then due and payable to the Agent from that Lender under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require or that Lender to pay on demand.

Appears in 3 contracts

Samples: Loan Agreement (TBS International PLC), Loan Agreement (TBS International PLC), Loan Agreement (TBS International LTD)

Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may, before making an amount available to a Lender, Lender or either Swap Bank deduct and withhold from that amount any sum which is then due and payable to the Agent from that Lender or that Swap Bank under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender or that Swap Bank to pay on demand.

Appears in 2 contracts

Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)

Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may, before making an amount available to a LenderLender or the Swap Bank, deduct and withhold from that amount (i) any sum which is then due and payable to the Agent from that Lender or the Swap Bank under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender or the Swap Bank to pay on demanddemand and (ii) any amount the Agent determines is required to be deducted and withheld under FATCA.

Appears in 2 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may, before making an amount available to a Lender, deduct and withhold from that amount any sum which is then due and payable to the Agent from that Lender under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender to pay on demand.amount:

Appears in 2 contracts

Samples: Loan Agreement (Costamare Partners LP), Loan Agreement (Costamare Partners LP)

Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may, may before making an amount available to a Lender, deduct and withhold from that amount any sum which is then due and payable to the Agent from that Lender under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender to pay on demand.

Appears in 2 contracts

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

Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may, before making an amount available to a LenderLender or a Swap Bank, deduct and withhold from that amount any sum which is then due and payable to the Agent from that Lender or that Swap Bank under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender or any Swap Bank to pay on demand.

Appears in 2 contracts

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

Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may, before making an amount available to a LenderLender or to the Guarantee Issuer, deduct and withhold from that amount any sum which is then due and payable to the Agent from that Lender or the Guarantee Issuer under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender or the Guarantee Issuer to pay on demand.

Appears in 1 contract

Samples: Loan and Guarantee Facility Agreement (DryShips Inc.)

Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may, before making an amount available to a LenderLender or aSwap Bank, deduct and withhold from that amount any sum which is then due and payable to the Agent from that Lender or thatSwap Bank under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender or that Swap Bank to pay on demand. Document or any sum which the Agent is then entitled under any Finance Document to require that Lender or the Swap Bank to pay on demand.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Permitted deductions by Agent. Notwithstanding any other provision provisions of this Agreement or any other Finance Document, the Agent may, before making an amount available to a Lender, deduct and withhold from that amount any sum which is then due and payable to the Agent from that Lender under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender to pay on demand.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

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Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may, before making an amount available to a Lender, Lender or the Swap Bank deduct and withhold from that amount any sum which is then due and payable to the Agent from that Lender or the Swap Bank under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender or the Swap Bank to pay on demand.

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Carriers Corp.)

Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may, before making an amount available to a Lender, Lender deduct and withhold from that amount any sum which is then due and payable to the Agent from that Lender under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender to pay on demand.

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Carriers Corp.)

Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance DocumentDocument to the contrary, the Agent may, before making an amount available to the Issuing Bank or a LenderBank, deduct and withhold from that amount any sum which is then due and payable to the Agent from the Issuing Bank or that Lender Bank under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require the Issuing Bank or that Lender Bank to pay on demand.

Appears in 1 contract

Samples: Agreement (Euronav NV)

Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may, before making an amount available to a LenderLender or the aSwap Bank, deduct and withhold from that amount any sum which is then due and payable to the Agent from that Lender or the thatSwap Bank under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender or the that Swap Bank to pay on demand.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance DocumentDocument to the contrary, the Agent may, to the extent permitted by applicable law and before making an amount available to a Lender, deduct and withhold from that amount any sum which that is then due and payable to the Agent from that such Lender under any Finance Document or any sum which that the Agent is then entitled under any Finance Document to require that such Lender to pay on demand.

Appears in 1 contract

Samples: Loan Agreement (Top Ships Inc.)

Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may, before making an amount available to a LenderLender or the Issuing Bank, deduct and withhold from that amount any sum which is then due and payable to the Agent from the Issuing Bank or that Lender under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender or the Issuing Bank to pay on demand.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may, before making an amount available to a LenderCredit Party, deduct and withhold from that amount any sum which is then due and payable to the Agent from that Lender Credit Party under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender to pay on demand.

Appears in 1 contract

Samples: Loan Agreement (Oceanfreight Inc.)

Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may, before making an amount available to a Lender, the Issuing Bank or the Swap Bank, deduct and withhold from that amount any sum which is then due and payable to the Agent from that Lender Lender, the Issuing Bank or the Swap Bank under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender Lender, the Issuing Bank or the Swap Bank to pay on demand.

Appears in 1 contract

Samples: Agreement (NewLead Holdings Ltd.)

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