Common use of Notice of variation of order of application Clause in Contracts

Notice of variation of order of application. The Lender may give notices under Clause 16.2 from time to time; and such a notice may be stated to apply not only to sums which may be received or recovered in the future, but also to any sum which has been received or recovered on or after the third Business Day before the date on which the notice is served.

Appears in 38 contracts

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

Notice of variation of order of application. The Lender may give notices under Clause 16.2 17.2 from time to time; and such a notice may be stated to apply not only to sums which may be received or recovered in the future, but also to any sum which has been received or recovered on or after the third Business Day before the date on which the notice is served.

Appears in 6 contracts

Sources: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)

Notice of variation of order of application. The Lender may give notices under Clause 16.2 12 from time to time; and such a notice may be stated to apply not only to sums which may be received or recovered in the future, but also to any sum which has been received or recovered on or after the third Business Day before the date on which the notice is served.

Appears in 5 contracts

Sources: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)

Notice of variation of order of application. The Lender may give notices under Clause 16.2 from time to time; and such a notice may be stated to apply not only to sums which may be received or recovered in the future, but also to any sum which has been received or recovered on or after the third Business Day before the date on which the notice is served.

Appears in 5 contracts

Sources: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Performance Shipping Inc.), Loan Agreement (Performance Shipping Inc.)

Notice of variation of order of application. The Lender may give notices under Clause 16.2 ▇▇▇▇▇▇ 17.2 (Variation of order of application) from time to time; and such a notice may be stated to apply not only to sums which may be received or recovered in the future, but also to any sum which has been received or recovered on or after the third Business Day before the date on which the notice is served.

Appears in 2 contracts

Sources: Loan Agreement (Toro Corp.), Loan Agreement (Castor Maritime Inc.)

Notice of variation of order of application. The Lender may give notices under Clause 16.2 15.2 from time to time; and such a notice may be stated to apply not only to sums which may be received or recovered in the future, but also to any sum which has been received or recovered on or after the third Business Day before the date on which the notice is served.

Appears in 2 contracts

Sources: Fourth Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Notice of variation of order of application. The Lender may give notices under Clause 16.2 16.1(a) from time to time; and such a notice may be stated to apply not only to sums which may be received or recovered in the future, but also to any sum which has been received or recovered on or after the third Business Day before the date on which the notice is served.

Appears in 2 contracts

Sources: Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.)

Notice of variation of order of application. The Lender may may, by notice to the Borrowers and the Security Parties, give notices under Clause 16.2 from time to time; and such a notice may be stated to apply not only to sums which may be received or recovered in the future, but also to any sum which has been received or recovered on or after the third Business Day before the date on which the notice is served.

Appears in 1 contract

Sources: Loan Agreement (Scorpio Bulkers Inc.)

Notice of variation of order of application. The Lender may give notices under Clause 16.2 16.1 from time to time; and such a notice may be stated to apply not only to sums which may be received or recovered in the future, but also to any sum which has been received or recovered on or after the third Business Day before the date on which the notice is served.

Appears in 1 contract

Sources: Loan Agreement (TBS International LTD)

Notice of variation of order of application. The Lender may give notices under Clause 16.2 8 from time to time; and such a notice may be stated to apply not only to sums which may be received or recovered in the future, but also to any sum which has been received or recovered on or after the third Business Banking Day before the date on which the notice is served.

Appears in 1 contract

Sources: Loan Agreement (Seanergy Maritime Holdings Corp.)

Notice of variation of order of application. The Lender may give notices under Clause 16.2 16 from time to time; and such a notice may be stated to apply not only to sums which may be received or recovered in the future, but also to any sum which has been received or recovered on or after the third second Business Day before the date on which the notice is served.

Appears in 1 contract

Sources: Loan Agreement (Star Bulk Carriers Corp.)

Notice of variation of order of application. The Lender may give notices under Clause 16.2 7 from time to time; and such a notice may be stated to apply not only to sums which may be received or recovered in the future, but also to any sum which has been received or recovered on or after the third Business Day before the date on which the notice is served.

Appears in 1 contract

Sources: Loan Agreement (Seanergy Maritime Holdings Corp.)