Confirmation of no default. The Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by 2 directors of the Borrower and which: (a) states that no Event of Default or Potential Event of Default has occurred; or (b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 7 contracts
Sources: Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (Star Bulk Carriers Corp.)
Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by 2 directors a director of the each Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 6 contracts
Sources: Amending and Restating Agreement (DryShips Inc.), Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Confirmation of no default. The Borrower will, within 2 Business Days after service by the Lender Agent of a written request, serve on the Lender Agent a notice which is signed by 2 directors of the Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 5 contracts
Sources: Loan Agreement (GasLog Partners LP), Loan Agreement, Loan Agreement (StealthGas Inc.)
Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by 2 directors the director of the that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 4 contracts
Sources: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)
Confirmation of no default. The Borrower will, not more than once per quarter and within 2 Business Days after service by the Lender Agent of a written request, serve on the Lender Agent a notice which is signed by 2 directors at least one (1) director of the Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 4 contracts
Sources: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (EuroDry Ltd.)
Confirmation of no default. The Borrower will, within 2 3 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by 2 directors of the Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 3 contracts
Sources: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (Omega Navigation Enterprises, Inc.)
Confirmation of no default. The Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by 2 directors an officer or director of the Borrower and which:which (based on its most recent annual or interim financial statements):
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 3 contracts
Sources: Amending and Restating Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Cosmo Llc.), Loan Agreement (Star Bulk Carriers Corp.)
Confirmation of no default. The Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by 2 directors an authorised officer of the Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 3 contracts
Sources: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)
Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by 2 directors of the that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 3 contracts
Sources: Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (TBS International LTD), Loan Agreement (Omega Navigation Enterprises, Inc.)
Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Lender Agent of a written request, serve on the Lender Agent a notice which is signed by 2 directors the representative director of the such Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurredoccurred and is continuing; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 3 contracts
Sources: Amending and Restating Agreement (TBS International PLC), Amending and Restating Agreement (TBS International PLC), Loan Agreement (TBS International LTD)
Confirmation of no default. The Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by 2 directors a director of the Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 2 contracts
Sources: Fourth Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Lender Agent of a written request, serve on the Lender Agent a notice which is signed by 2 directors of the that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 2 contracts
Sources: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)
Confirmation of no default. The Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by 2 directors of the Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurredoccurred and is continuing unremedied and unwaived; or
(b) states that no Event of Default or Potential Event of Default has occurredoccurred and is continuing unremedied and unwaived, except for a specified event or matter, of which all material details are given.
Appears in 2 contracts
Sources: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Gala Properties Inc.)
Confirmation of no default. The Borrower Borrowers will, not more than once per quarter and within 2 Business Days after service by the Lender Agent of a written request, serve on the Lender Agent a notice which is signed by 2 directors at least one (1) director of each of the Borrower Borrowers and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 2 contracts
Sources: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.)
Confirmation of no default. The Borrower willshall, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by 2 directors of the Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 2 contracts
Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.), Amendment Agreement (Aegean Marine Petroleum Network Inc.)
Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Lender Agent of a written request, serve on the Lender Agent a notice which is signed by 2 directors or officers of the that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 2 contracts
Sources: Facility Agreement (NewLead Holdings Ltd.), Facility Agreement (NewLead Holdings Ltd.)
Confirmation of no default. The Borrower willshall, within 2 Business Days after service by the Lender of a written request, serve on provide the Lender with a notice which is signed by 2 directors of the Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 1 contract
Confirmation of no default. The Borrower Borrowers will, within 2 5 Business Days after service by the Lender Agent of a written request, serve on the Lender Agent a notice which is signed by 2 directors a director of the each Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurredoccurred and is continuing; or
(b) states that no Event of Default or Potential Event of Default has occurredoccurred and is continuing, except for a specified event or matter, of which all material details are given.
Appears in 1 contract
Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by 2 directors the sole director of the that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 1 contract
Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Lender Agent of a written request, serve on the Lender Agent a notice which is signed by 2 directors a director of the Borrower that ▇▇▇▇▇▇▇▇ and which:
(a) states that no Event of Default has occurred and is continuing unremedied or Potential Event of Default has occurredunwaived; or
(b) states that no Event of Default has occurred and is continuing unremedied or Potential Event of Default has occurred, unwaived except for a specified event or matter, of which all material details are given.
Appears in 1 contract
Sources: Loan Agreement (Alma Maritime LTD)
Confirmation of no default. The Borrower It will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by 2 directors of the that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 1 contract
Sources: Loan Agreement (Mc Shipping Inc)
Confirmation of no default. The Borrower Borrowers will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by 2 directors or officers of the Borrower Borrowers and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 1 contract
Sources: Loan Agreement (Pyxis Tankers Inc.)
Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Lender Agent of a written request, serve on the Lender Agent a notice which is signed by 2 directors of the that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 1 contract
Sources: Loan Agreement (GasLog Ltd.)
Confirmation of no default. The Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by 2 directors the director of the Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 1 contract
Sources: Loan Agreement (StealthGas Inc.)
Confirmation of no default. The Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by 2 directors of the Borrower and which:;
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 1 contract
Sources: Loan Agreement (DryShips Inc.)
Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by 2 directors a director of the that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 1 contract
Sources: Loan Agreement (EuroDry Ltd.)
Confirmation of no default. The Each Borrower will, within 2 two Business Days after service by the Lender Agent of a written request, serve on the Lender Agent a notice which is signed by 2 two directors of the that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.. The Agent may serve requests under this Clause
Appears in 1 contract
Sources: Loan Agreement (Diana Shipping Inc.)
Confirmation of no default. The Borrower will, within 2 two (2) Business Days after service by the Lender Agent of a written request, serve on the Lender Agent a notice which is signed by 2 two (2) directors of the Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 1 contract
Confirmation of no default. The Borrower will, within 2 3 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by 2 directors a director of the Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 1 contract
Sources: Loan Agreement (Poseidon Containers Holdings Corp.)
Confirmation of no default. The Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by 2 of its directors of the Borrower or officers and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 1 contract
Sources: Loan Agreement (Pyxis Tankers Inc.)
Confirmation of no default. The Borrower It will, within 2 Business Days after service by the Lender Agent of a written request, serve on the Lender Agent a notice which is signed by 2 directors of the that Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 1 contract
Sources: Loan Agreement (Mc Shipping Inc)
Confirmation of no default. The Borrower will, within 2 Business Days after service by the Lender Agent of a written request, serve on the Lender Agent a notice which is signed by 2 directors the sole director of the Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 1 contract
Sources: Loan Agreement (DryShips Inc.)
Confirmation of no default. The Borrower will, within 2 Business Days after service by the Lender Agent of a written request, serve on the Lender Agent a notice which is signed by 2 directors an authorised officer of the Borrower and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 1 contract
Confirmation of no default. The Borrower Borrowers will, not more than once per quarter and within 2 Business Days after service by the Lender Agent of a written request, serve on the Lender Agent a notice which is signed by 2 directors of the Borrower Borrowers and which:
(a) states that no Event of Default or Potential Event of Default has occurred; or
(b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.
Appears in 1 contract
Sources: Loan Agreement (Euroseas Ltd.)