Reliance on Transfer Certificate. 15.4.1 The Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to this Agreement and the Security Documents for the consequences of such reliance. 15.4.2 The Payment Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributions and administrative details (including the lending office) from time to time of the Lenders holding a Transfer Certificate and the date at which the transfer referred to in such Transfer Certificate held by each Lender was transferred to such Lender, and the Payment Agent shall make the said register available for inspection by any Lender or the Borrowers during normal banking hours upon receipt by the Payment Agent of reasonable prior notice requesting the Payment Agent to do so. 15.4.3 The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Commitments, the Contributions and the Transfer Certificates held by the Lenders from time to time and the principal amounts of such Transfer Certificates and may be relied upon by all parties to this Agreement.
Appears in 2 contracts
Samples: Facility Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Holdings Inc.)
Reliance on Transfer Certificate. 15.4.1 20.5.1 The Facility Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to this Agreement and the Security Finance Documents for the consequences of such reliance.
15.4.2 20.5.2 The Payment Facility Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributions and administrative details (including the lending office) from time to time of the Lenders holding a Transfer Certificate and the date at which the transfer referred to in such Transfer Certificate held by each Lender was transferred to such Lender, and the Payment Facility Agent shall make the said register available for inspection by any Lender or the Borrowers Borrower during normal banking hours upon receipt by the Payment Facility Agent of reasonable prior notice requesting the Payment Facility Agent to do so.
15.4.3 20.5.3 The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Commitments, the Contributions and the Transfer Certificates held by the Lenders from time to time and the principal amounts of such Transfer Certificates and may be relied upon by the Facility Agent and the other Security Parties for all parties to purposes in connection with this AgreementAgreement and the Finance Documents.
Appears in 2 contracts
Samples: On Delivery Facility Agreement (Paragon Shipping Inc.), On Delivery Buyer Credit Facility Agreement (DryShips Inc.)
Reliance on Transfer Certificate. 15.4.1 The Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to this Agreement and the Security Documents for the consequences of such reliance.
15.4.2 The Payment Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributions and administrative details (including the lending office) from time to time of the Lenders holding a Transfer Certificate and the date at which the transfer referred to in such Transfer Certificate held by each Lender was transferred to such Lender, and the Payment Agent shall make the said register available for inspection by any Lender Lender, or the Borrowers any Borrower during normal banking hours upon receipt by the Payment Agent of reasonable prior notice requesting the Payment Agent to do so.
15.4.3 The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Commitments, the Contributions and the Transfer Certificates held by the Lenders from time to time and the principal amounts of such Transfer Certificates and may be relied upon by the Agent and the other Security Parties for all parties to purposes in connection with this AgreementAgreement and the Security Documents.
Appears in 2 contracts
Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)
Reliance on Transfer Certificate. 15.4.1 The Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to this Agreement and the Security Documents for the consequences of such reliance.
15.4.2 The Payment Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributions and administrative details (including the lending office) from time to time of the Lenders Banks holding a Transfer Certificate and the date at which the transfer referred to in such Transfer Certificate held by each Lender Bank was transferred to such LenderBank, and the Payment Agent shall make the said register available for inspection by any Lender Bank, the Security Agent, the Swap Provider, the Account Bank or the Borrowers either Borrower during normal banking hours upon receipt by the Payment Agent of reasonable prior notice requesting the Payment Agent to do so.
15.4.3 The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Commitments, the Contributions and the Transfer Certificates held by the Lenders Banks from time to time and the principal amounts of such Transfer Certificates and may be relied upon by the Agent, the other Creditors and the Security Parties for all parties to purposes in connection with this AgreementAgreement and the Security Documents.
Appears in 2 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (DryShips Inc.)
Reliance on Transfer Certificate. 15.4.1 The Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to this Agreement and the Security Documents for the consequences of such reliance.
15.4.2 The Payment Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributions and administrative details (including the lending office) from time to time of the Lenders Banks holding a Transfer Certificate and the date at which the transfer referred to in such Transfer Certificate held by each Lender Bank was transferred to such LenderBank, and the Payment Agent shall make the said register available for inspection by any Lender Bank or the Borrowers any Borrower during normal banking hours upon receipt by the Payment Agent of reasonable prior notice requesting the Payment Agent to do so.,
15.4.3 The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Commitments, the Contributions and the Transfer Certificates held by the Lenders Banks from time to time and the principal amounts of such Transfer Certificates and may be relied upon by the Agent and the other Security Parties for all parties to purposes in connection with this AgreementAgreement and the Security Documents.
Appears in 2 contracts
Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.)
Reliance on Transfer Certificate. 15.4.1 The Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to this Agreement and the Security Documents for the consequences of such reliance.
15.4.2 The Payment Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributions and administrative details (including the lending office) from time to time of the Lenders Banks holding a Transfer Certificate and the date at which the transfer referred to in such Transfer Certificate held by each Lender Bank was transferred to such LenderBank, and the Payment Agent shall make the said register available for inspection by any Lender Bank, the Security Agent, the Swap Provider, the Account Bank or the Borrowers any Borrower during normal banking hours upon receipt by the Payment Agent of reasonable prior notice requesting the Payment Agent to do so.
15.4.3 The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Commitments, the Contributions and the Transfer Certificates held by the Lenders Banks from time to time and the principal amounts of such Transfer Certificates and may be relied upon by the Agent, the other Creditors and the Security Parties for all parties to purposes in connection with this AgreementAgreement and the Security Documents.
Appears in 2 contracts
Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Diana Containerships Inc.)
Reliance on Transfer Certificate. 15.4.1 The Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to this Agreement and the Security Documents for the consequences of such reliance.
15.4.2 The Payment Agent shall at all times during the continuation of this Agreement Facility Period maintain a register in which it shall record the name, Commitments, Contributions and administrative details (including the lending office) from time to time of the Lenders Banks holding a Transfer Certificate and the date at which the transfer referred to in such Transfer Certificate held by each Lender Bank was transferred to such LenderBank, and the Payment Agent shall make the said register available for inspection by any Lender Bank or the Borrowers Borrower during normal banking hours upon receipt by the Payment Agent of reasonable prior notice requesting the Payment Agent to do so.
15.4.3 The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Commitments, the Contributions and the Transfer Certificates held by the Lenders Banks from time to time and the principal amounts of such Transfer Certificates and may be relied upon by the Agent and the other Security Parties for all parties to purposes in connection with this AgreementAgreement and the Security Documents.
Appears in 2 contracts
Samples: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)
Reliance on Transfer Certificate. 15.4.1 The Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to this Agreement and the Security Documents for the consequences of such reliance.
15.4.2 The Payment Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributions Contributions, Percentages and administrative details (including the lending office) from time to time of the Lenders Banks holding a Transfer Certificate and the date at which the transfer referred to in such Transfer Certificate held by each Lender Bank was transferred to such LenderBank, and the Payment Agent shall make the said register available for inspection by any Lender Bank, the Issuing Bank or the Borrowers Borrower during normal banking hours upon receipt by the Payment Agent of reasonable prior notice requesting the Payment Agent to do so.
15.4.3 The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of identities, the Commitments, the Contributions Contributions, Percentages and the Transfer Certificates held by the Lenders Banks from time to time and the principal amounts of such Transfer Certificates and may be relied upon by the Agent and the other Security Parties for all parties to purposes in connection with this AgreementAgreement and the Security Documents.
Appears in 2 contracts
Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)
Reliance on Transfer Certificate. 15.4.1 The Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to this Agreement and the Security Documents for the consequences of such reliance.
15.4.2 The Payment Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributions and administrative details (including the lending office) from time to time of the Lenders Banks holding a Transfer Certificate and the date at which the transfer referred to in such Transfer Certificate held by each Lender Bank was transferred to such LenderBank, and the Payment Agent shall make the said register available for inspection by any Lender Bank, the Security Agent or the Borrowers Borrower during normal banking hours upon receipt by the Payment Agent of reasonable prior notice requesting the Payment Agent to do so.
15.4.3 The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Commitments, the Contributions and the Transfer Certificates held by the Lenders Banks from time to time and the principal amounts of such Transfer Certificates and may be relied upon by the Agent, the other Creditors and the other Security Parties for all parties to purposes in connection with this AgreementAgreement and the Security Documents.
Appears in 2 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (DryShips Inc.)
Reliance on Transfer Certificate. 15.4.1 The Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to this Agreement and the Security Documents for the consequences of such reliance.
15.4.2 The Payment Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributions and administrative details (including the lending office) from time to time of the Lenders Banks holding a Transfer Certificate and the date at which the transfer referred to in such Transfer Certificate held by each Lender Bank was transferred to such LenderBank, and the Payment Agent shall make the said register available for inspection by any Lender Bank, the Security Agent, the Swap Provider, the Account Bank or the Borrowers any Borrower during normal banking hours upon receipt by the Payment Agent of reasonable prior notice requesting the Payment Agent to do so.
15.4.3 The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Commitments, the Contributions and the Transfer Certificates held by the Lenders Banks from time to time and the principal amounts of such Transfer Certificates and may be relied upon by the Agent, the other Creditors and the other Security Parties for all parties to purposes in connection with this AgreementAgreement and the Security Documents.
Appears in 2 contracts
Samples: Supplemental Agreement (Quintana Shipping Ltd.), Supplemental Agreement (Quintana Shipping Ltd.)
Reliance on Transfer Certificate. 15.4.1 The Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to this Agreement and the Security Documents for the consequences of such reliance.
15.4.2 The Payment Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributions and administrative details (including the lending office) from time to time of the Lenders Banks holding a Transfer Certificate and the date at which the transfer referred to in such Transfer Certificate held by each Lender Bank was transferred to such LenderBank, and the Payment Agent shall make the said register available for inspection by any Lender Bank, the Security Agent, the Account Bank or the Borrowers either Borrower during normal banking hours upon receipt by the Payment Agent of reasonable prior notice requesting the Payment Agent to do so.
15.4.3 The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Commitments, the Contributions and the Transfer Certificates held by the Lenders Banks from time to time and the principal amounts of such Transfer Certificates and may be relied upon by the Agent, the other Creditors and the other Security Parties for all parties to purposes in connection with this AgreementAgreement and the Security Documents.
Appears in 1 contract
Reliance on Transfer Certificate. 15.4.1 The Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to this Agreement and the Security Documents for the consequences of such reliance.
15.4.2 The Payment Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributions and administrative details (including the lending office) from time to time of the Lenders Banks holding a Transfer Certificate and the date at which the transfer referred to in such Transfer Certificate held by each Lender Bank was transferred to such LenderBank, and the Payment Agent shall make the said register available for inspection by any Lender Bank, the Security Agent or the Borrowers either Borrower during normal banking hours upon receipt by the Payment Agent of reasonable prior notice requesting the Payment Agent to do so.
15.4.3 The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Commitments, the Contributions and the Transfer Certificates held by the Lenders Banks from time to time and the principal amounts of such Transfer Certificates and may be relied upon by the Agent, the other Creditors and the Security Parties for all parties to purposes in connection with this AgreementAgreement and the Security Documents.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Reliance on Transfer Certificate. 15.4.1 The Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to this Agreement and the Security Documents for the consequences of such reliance.
15.4.2 The Payment Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributions and administrative details (including the lending office) from time to time of the Lenders Banks holding a Transfer Certificate and the date at which the transfer referred to in such Transfer Certificate held by each Lender Bank was transferred to such LenderBank, and the Payment Agent shall make the said register available for inspection by any Lender Bank, the Security Agent or the Borrowers either Borrower during normal banking hours upon receipt by the Payment Agent of reasonable prior notice requesting the Payment Agent to do so.
15.4.3 The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Commitments, the Contributions and the Transfer Certificates held by the Lenders Banks from time to time and the principal amounts of such Transfer Certificates and may be relied upon by the Agent, the other Creditors and the other Security Parties for all parties to purposes in connection with this AgreementAgreement and the Security Documents.
Appears in 1 contract
Reliance on Transfer Certificate. 15.4.1 The Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to this Agreement and the Security Documents for the consequences of such reliance.
15.4.2 The Payment Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributions and administrative details (including the lending office) from time to time of the Lenders Banks holding a Transfer Certificate and the date at which the transfer referred to in such Transfer Certificate held by each Lender Bank was transferred to such LenderBank, and the Payment Agent shall make the said register available for inspection by any Lender Bank or the Borrowers either Borrower during normal banking hours upon receipt by the Payment Agent of reasonable prior notice requesting the Payment Agent to do so.
15.4.3 The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Commitments, the Contributions and the Transfer Certificates held by the Lenders Banks from time to time and the principal amounts of such Transfer Certificates and may be relied upon by the Agent and the other Security Parties and HoldCo for all parties to purposes in connection with this AgreementAgreement and the Security Documents.
Appears in 1 contract
Reliance on Transfer Certificate. 15.4.1 The Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to this Agreement and the Security Documents for the consequences of such reliance.
15.4.2 The Payment Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributions and administrative details (including the lending office) from time to time of the Lenders Banks holding a Transfer Certificate and the date at which the transfer referred to in such Transfer Certificate held by each Lender Bank was transferred to such LenderBank, and the Payment Agent shall make the said register available for inspection by any Lender Bank, the Security Agent, the Account Bank or the Borrowers any Borrower during normal banking hours upon receipt by the Payment Agent of reasonable prior notice requesting the Payment Agent to do so.
15.4.3 The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Commitments, the Contributions and the Transfer Certificates held by the Lenders Banks from time to time and the principal amounts of such Transfer Certificates and may be relied upon by the Agent, the other Creditors and the other Security Parties for all parties to purposes in connection with this AgreementAgreement and the Security Documents.
Appears in 1 contract
Reliance on Transfer Certificate. 15.4.1 (A) The Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to this Agreement and the Security Documents for the consequences of such reliance.
15.4.2 (i) The Payment Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributions and administrative details (including the lending office) from time to time of the Lenders each Bank holding a Transfer Certificate Certificates and the date at which the transfer referred to in such Transfer Certificate held by each Lender Bank was transferred to such LenderBank, and the Payment Agent shall make the said register available for inspection by any Lender or Bank, the Borrowers Security Agent, the Borrower and Stena AB during normal banking hours upon receipt by the Payment Agent of reasonable prior notice requesting the Payment Agent to do so.
15.4.3 (ii) The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Commitments, the Contributions and the Transfer Certificates held by the Lenders Banks from time to time and the principal amounts of such Transfer Certificates and may be relied upon by the Agent, the Security Agent and the other Security Parties for all parties to purposes in connection with this AgreementAgreement and the Security Documents.
Appears in 1 contract
Samples: Facility Agreement (Stena Ab)
Reliance on Transfer Certificate. 15.4.1 The Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to this Agreement and the Security Documents for the consequences of such reliance.
15.4.2 The Payment Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributions and administrative details (including the lending office) from time to time of the Lenders Banks holding a Transfer Certificate and the date at which the transfer referred to in such Transfer Certificate held by each Lender Bank was transferred to such LenderBank, and the Payment Agent shall make the said register available for inspection by any Lender Bank, the Security Agent, the Swap Provider, the Account Bank or the Borrowers either Borrower during normal banking hours upon receipt by the Payment Agent of reasonable prior notice requesting the Payment Agent to do so.
15.4.3 The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Commitments, the Contributions and the Transfer Certificates held by the Lenders Banks from time to time and the principal amounts of such Transfer Certificates and may be relied upon by the Agent, the other Creditors and the other Security Parties for all parties to purposes in connection with this AgreementAgreement and the Security Documents.
Appears in 1 contract