Common use of Termination of Loan Clause in Contracts

Termination of Loan. On the service of a notice under paragraph (a) of Clause 18.2 all other obligations of the Lender to the Borrower under this Agreement, shall terminate.

Appears in 4 contracts

Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.)

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Termination of Loan. On the service of a notice under paragraph (a) of Clause 18.2 7.2, the Loan and all other obligations of the Lender to the Borrower Borrowers under this Agreement, Agreement shall terminate.

Appears in 3 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Containerships Inc.), Loan Agreement (Diana Containerships Inc.)

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Termination of Loan. On the service of a notice under paragraph (a) of Clause 18.2 18.2(a), the Loan and all other obligations of the Lender to the Borrower under this Agreement, Agreement shall terminatebe cancelled.

Appears in 1 contract

Samples: Loan Agreement (Product Shipping Ltd.)

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