Relocation of Accounts. At any time following the occurrence and during the continuation of a Default, the Lender may without the consent of the Borrower relocate either or both of the Accounts to any other branch of the Lender, without prejudice to the continued application of this Clause 11 and the rights of the Lender under the Finance Documents.
Appears in 6 contracts
Samples: Credit Facility Agreement (Safe Bulkers, Inc.), Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.), Credit Facility Agreement (Safe Bulkers, Inc.)
Relocation of Accounts. At any time following the occurrence and during the continuation of a Default, the Lender may without the consent of the Borrower relocate either or both of the Accounts to any other branch of the Lender, without prejudice to the continued application of this Clause 11 10 and the rights of the Lender under the Finance Documents.
Appears in 1 contract
Samples: Secured Loan Agreement (Poseidon Containers Holdings Corp.)
Relocation of Accounts. At any time following the occurrence and during the continuation of a Default, the Lender may without the consent of the Borrower but after giving notice to the Borrower relocate either or both of the Accounts to any other branch of the Lender, without prejudice to the continued application of this Clause 11 10 and the rights of the Lender under the Finance Documents.";
4.16 clause 10.9 of the Loan Agreement shall be deleted and replaced with the following clause:-
Appears in 1 contract
Relocation of Accounts. At any time following the occurrence and during the continuation of a Default, Facility Period the Lender may may, without the consent of the Borrower Borrowers or the Managers, relocate either or both of the Accounts to any other branch of the Lender, without prejudice to the continued application of this Clause 11 12 and the rights of the Lender under the Finance Documents.
Appears in 1 contract
Samples: Secured Loan Agreement (Danaos Corp)
