Common use of Withdrawal of DOC and SMC Clause in Contracts

Withdrawal of DOC and SMC. procure that the Manager and/or any Operator will, immediately inform the Bank if there is any threatened or actual withdrawal of the Manager’s or Operator’s DOC or the SMC in respect of the Ship;

Appears in 4 contracts

Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

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Withdrawal of DOC and SMC. and will procure that the Manager and/or any Operator will, immediately inform the Bank if there is any threatened or actual withdrawal of the Manager’s or its Operator’s 's DOC or the SMC in respect of the Ship;

Appears in 2 contracts

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Withdrawal of DOC and SMC. and will procure that the Manager and/or any Operator will, immediately inform the Bank if there is any threatened or actual withdrawal of the Manager’s or its Operator’s DOC or the SMC in respect of the any Ship;

Appears in 2 contracts

Samples: Facility Agreement (Globus Maritime LTD), Supplemental Agreement (FreeSeas Inc.)

Withdrawal of DOC and SMC. and will procure that the Manager and/or or any Operator will, immediately inform the Bank if there is any threatened or actual withdrawal of the Manager’s or its Operator’s 's DOC or the SMC in respect of the Ship;

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Holdings Inc.)

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Withdrawal of DOC and SMC. and will procure that the Manager and/or any Operator will, immediately inform the Bank if there is any threatened or actual withdrawal of the Manager’s or its Operator’s DOC or the SMC in respect of the Ship;

Appears in 1 contract

Samples: Facility Agreement (Globus Maritime LTD)

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