Common use of Borrower’s required action Clause in Contracts

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4, in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent's notice.

Appears in 13 contracts

Sources: Loan Agreement (Diana Shipping Inc.), Loan Agreement, Loan Agreement (Diana Shipping Inc.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4, in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent's ’s notice.

Appears in 12 contracts

Sources: Amending and Restating Deed, Amending and Restating Deed (Global Ship Lease, Inc.), Loan Agreement

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4, in relation to any the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent's ’s notice.

Appears in 8 contracts

Sources: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Navios Maritime Containers Inc.), Loan Agreement (Navios Maritime Acquisition CORP)

Borrower’s required action. If during the Security Period, the AgentLender, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.428.4, in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the AgentLender's notice.

Appears in 8 contracts

Sources: Loan Agreement (EuroDry Ltd.), Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (TBS International LTD)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4, in relation to any the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent's notice.

Appears in 6 contracts

Sources: Loan Agreement (Castor Maritime Inc.), Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Paragon Shipping Inc.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4, in relation to any the other BorrowerBorrowers, that Borrower shall take that action as soon as practicable after receiving the Agent's ’s notice.

Appears in 4 contracts

Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Partners L.P.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4, in relation to any the other BorrowerBorrowers, that Borrower shall take that action as soon as practicable after receiving the Agent's notice.

Appears in 3 contracts

Sources: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (DryShips Inc.), Loan Agreement (Star Bulk Management Inc.)

Borrower’s required action. If during the Security Period, the Facility Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.429.5, in relation to any the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Facility Agent's ’s notice.

Appears in 2 contracts

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

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.426.4, in relation to any the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent's ’s notice.

Appears in 2 contracts

Sources: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.433.4 (Subordination), in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent's ’s notice. THIS AGREEMENT has been entered into on the date stated at the beginning of this Agreement.

Appears in 2 contracts

Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.426.4, in relation to any the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent's notice.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Holdings Inc.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a any Borrower, requires it to take any action referred to in paragraphs (a) to (de) of Clause 29.4, 29.4 in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent's ’s notice.

Appears in 1 contract

Sources: Supplemental Agreement (Navios Maritime Containers Inc.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4, in relation to any the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent's ’s notice.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Acquisition CORP)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4, 30.4 in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent's ’s notice.

Appears in 1 contract

Sources: Loan Agreement (GasLog Ltd.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.428.4, in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent's ’s notice.

Appears in 1 contract

Sources: Loan Agreement (Euronav NV)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (de) of Clause 29.430.4, in relation to any of the other BorrowerBorrowers, that Borrower shall take that action as soon as practicable after receiving the Agent's ’s notice.

Appears in 1 contract

Sources: Loan Agreement (Costamare Partners LP)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.429.4 (Subordination), in relation to any the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent's ’s notice.

Appears in 1 contract

Sources: Loan Agreement (Castor Maritime Inc.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.430.4, in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent's ’s notice.

Appears in 1 contract

Sources: Facility Agreement (NewLead Holdings Ltd.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.435.4, in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent's ’s notice.

Appears in 1 contract

Sources: Facility Agreement (NewLead Holdings Ltd.)

Borrower’s required action. If during the Security Period, the Facility Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.429.4 (Subordination), in relation to any the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Facility Agent's notice.

Appears in 1 contract

Sources: Loan Agreement (Costamare Bulkers Holdings LTD)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.429.4 (Subordination), in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent's notice.

Appears in 1 contract

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

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.429.6, in relation to any other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent's notice.

Appears in 1 contract

Sources: Loan Agreement (Diana Shipping Inc.)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borrower, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.4clause 30.4, in relation to any the other Borrower, that Borrower shall take that action as soon as practicable after receiving the Agent's notice.

Appears in 1 contract

Sources: Loan Agreement (Dynagas LNG Partners LP)

Borrower’s required action. If during the Security Period, the Agent, by notice to a Borroweran Obligor, requires it to take any action referred to in paragraphs (a) to (d) of Clause 29.429.4 (Subordination), in relation to any other BorrowerObligor, that Borrower Obligor shall take that action as soon as practicable after receiving the Agent's ’s notice.

Appears in 1 contract

Sources: Loan Agreement (Euronav NV)