Common use of Undertakings, Representations and Warranties Clause in Contracts

Undertakings, Representations and Warranties. 6.1 During the Waiver Period, you shall promptly notify us if: (i) a Termination Event occurs or is reasonably likely to occur; or (ii) any Enforcement Action is commenced against a Group Member. 6.2 During the Waiver Period you shall promptly notify us if any Group Member enters into any amendment or waiver in relation to any agreement in respect of any Financial Indebtedness of any Group Member and shall inform the Agent of the content of the amendment or waiver.

Appears in 2 contracts

Samples: Secured Loan Agreement (Genco Shipping & Trading LTD), Secured Loan Agreement (Genco Shipping & Trading LTD)

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Undertakings, Representations and Warranties. 6.1 7.1 During the Waiver Period, you shall promptly notify us if: (i) a Termination Event occurs or is reasonably likely to occur; or (ii) any Enforcement Action is commenced against a Group Member. 6.2 7.2 During the Waiver Period you shall promptly notify us if any Group Member enters into any amendment or waiver in relation to any agreement in respect of any Financial Indebtedness of any Group Member and shall inform the Agent of the content of the amendment or waiver.

Appears in 2 contracts

Samples: Secured Loan Agreement (Genco Shipping & Trading LTD), Secured Loan Agreement (Genco Shipping & Trading LTD)

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