Common use of Amendments; Severability Clause in Contracts

Amendments; Severability. (a) This First Amendment, (i) prior to the First Amendment Effective Date, may not be amended except by an instrument in writing signed by the Security Parties, the Facility Agent and the Lenders and (ii) after the First Amendment Effective Date, may not be amended nor may any provision hereof be waived except in accordance with the provisions of Section 11.02(b) of the Credit Agreement. (b) To the extent any provision of this First Amendment is prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining provisions of this First Amendment in any jurisdiction.

Appears in 2 contracts

Sources: Credit Agreement (Eagle Bulk Shipping Inc.), Credit Agreement (Eagle Bulk Shipping Inc.)

Amendments; Severability. (a) This First Second Amendment, (i) prior to the First Second Amendment Effective Date, may not be amended except by an instrument in writing signed by the Security Loan Parties, the Facility Administrative Agent and the Lenders and (ii) after the First Second Amendment Effective Date, may not be amended nor may any provision hereof be waived except in accordance with the provisions of Section 11.02(b) 11.02 of the Credit Agreement. (b) To the extent any provision of this First Second Amendment is prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining provisions of this First Second Amendment in any jurisdiction.

Appears in 2 contracts

Sources: Credit Agreement (International Seaways, Inc.), Credit Agreement (International Seaways, Inc.)

Amendments; Severability. (a) This First Amendment, (i) prior to the First Amendment Effective Date, may not be amended except by an instrument in writing signed by the Security Loan Parties, the Facility Administrative Agent and the July 2017 Incremental Term Loan Lenders and (ii) after the First Amendment Effective Date, may not be amended nor may any provision hereof be waived except in accordance with the provisions of Section 11.02(b) 11.02 of the Credit Agreement. (b) To the extent any provision of this First Amendment is prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining provisions of this First Amendment in any jurisdiction.

Appears in 1 contract

Sources: Credit Agreement (International Seaways, Inc.)

Amendments; Severability. (a) This First Third Amendment, (i) prior to the First Third Amendment Effective Date, may not be amended except by an instrument in writing signed by the Security Parties, the Facility Agent and the Lenders and (ii) after the First Third Amendment Effective Date, may not be amended nor may any provision hereof be waived except in accordance with the provisions of Section 11.02(b) of the Credit Agreement. (b) To the extent any provision of this First Third Amendment is prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining provisions of this First Third Amendment in any jurisdiction.

Appears in 1 contract

Sources: Credit Agreement (Eagle Bulk Shipping Inc.)

Amendments; Severability. (a) This First Second Amendment, (i) prior to the First Second Amendment Effective Date, may not be amended except by an instrument in writing signed by the Security Parties, the Facility Agent and the Lenders and (ii) after the First Second Amendment Effective Date, may not be amended nor may any provision hereof be waived except in accordance with the provisions of Section 11.02(b) of the Credit Agreement. (b) To the extent any provision of this First Second Amendment is prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining provisions of this First Second Amendment in any jurisdiction.

Appears in 1 contract

Sources: Credit Agreement (Eagle Bulk Shipping Inc.)