Common use of Variations, waivers etc. by Xxxxxxxx Xxxxxxx Clause in Contracts

Variations, waivers etc. by Xxxxxxxx Xxxxxxx. Subject to Clause 27.2, a document shall be effective to vary, waive, suspend or limit any provision of a Finance Document, or any Creditor Party's rights or remedies under such a provision or the general law, only if the document is signed, or specifically agreed to by fax, by the Borrower, by the Agent on behalf of the Majority Lenders, by the Agent and the Security Trustee in their own rights, and, if the document relates to a Finance Document to which a Security Party is party, by that Security Party.

Appears in 2 contracts

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

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Variations, waivers etc. by Xxxxxxxx Xxxxxxx. Subject to Clause 27.2, a document shall be effective to vary, waive, suspend or limit any provision of a Finance Document, or any Creditor Party's ’s rights or remedies under such a provision or the general law, only if the document is signed, or specifically agreed to by fax, by the BorrowerBorrowers, by the Agent on behalf of the Majority Lenders, by the Agent and the Security Trustee in their own rights, and, if the document relates to a Finance Document to which a Security Party is party, by that Security Party.

Appears in 2 contracts

Samples: Loan Agreement (Product Shipping Ltd.), Loan Agreement (TBS International PLC)

Variations, waivers etc. by Xxxxxxxx Xxxxxxx. Subject to Clause 27.2, a document shall be effective to vary, waive, suspend or limit any provision of a Finance Document, or any Creditor Party's rights or remedies under such a provision or the general law, only if the document is signed, or specifically agreed to by fax, by the Borrowerfax or electronic mail, by the Agent on behalf of the Majority Lenders, by the Agent and the Security Trustee in their own rights, and, if the document relates to a Finance Document to which a Security Party is party, by that Security Party.

Appears in 2 contracts

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

Variations, waivers etc. by Xxxxxxxx Xxxxxxx. Subject to Clause 27.2, a document shall be effective to vary, waive, suspend or limit any provision of a Finance Document, or any Creditor Party's ’s rights or remedies under such a provision or the general law, only if the document is signed, or specifically agreed to by fax, by the Borrower, by the Agent on behalf of the Majority Lenders, by the Agent and the Security Trustee in their own rights, and, if the document relates to a Finance Document to which a Security Party is party, by that Security Party.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

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Variations, waivers etc. by Xxxxxxxx Xxxxxxx. Subject to Clause 27.227.2 (Variations, waivers etc. requiring agreement of all Lenders), a document shall be effective to vary, waive, suspend or limit any provision of a Finance Document, or any Creditor Party's ’s rights or remedies under such a provision or the general law, only if the document is signed, or specifically agreed to by fax, by the BorrowerBorrowers, by the Agent on behalf of the Majority Lenders, by the Agent and the Security Trustee Agent in their own rights, and, if the document relates to a Finance Document to which a Security Party is party, by that Security PartyParty or the Approved Manager (as applicable).

Appears in 1 contract

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

Variations, waivers etc. by Xxxxxxxx Xxxxxxx. Subject to Clause 27.2, a document shall be effective to vary, waive, suspend or limit any provision of a Finance Document, or any Creditor Party's rights or remedies under such a provision or the general law, only if the document is signed, or specifically agreed to by faxfax or electronic mail, by the Borrower, by the Agent on behalf of the Majority Lenders, by the Agent and the Security Trustee in their own rights, and, if the document relates to a Finance Document to which a Security Party is party, by that Security Party.

Appears in 1 contract

Samples: Agreement (Euroseas Ltd.)

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