Notification of default. Each Borrower will notify the Agent as soon as that Borrower becomes aware of: (a) the occurrence of an Event of Default or a Potential Event of Default; or (b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.
Appears in 25 contracts
Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Castor Maritime Inc.)
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, ; and will thereafter keep the Agent fully up-to-date with all developments.
Appears in 22 contracts
Sources: Loan Agreement (Paragon Shipping Inc.), Amending and Restating Agreement (Paragon Shipping Inc.), Loan Agreement (Star Bulk Carriers Corp.)
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.
Appears in 17 contracts
Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Capital Product Partners L.P.)
Notification of default. Each The Borrower will notify the Agent Lender as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will thereafter keep the Agent Lender fully up-to-date with all developments.
Appears in 15 contracts
Sources: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, ; and will keep the Agent fully up-to-date with all developments.
Appears in 9 contracts
Sources: Loan Agreement (Euronav NV), Amending and Restating Agreement, Loan Agreement (Euronav NV)
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will thereafter keep the Agent fully up-to-date with all developments.
Appears in 6 contracts
Sources: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Danaos Corp), Loan Agreement (Paragon Shipping Inc.)
Notification of default. Each The Borrower will notify the Agent as soon as that Borrower it becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, ; and will thereafter keep the Agent fully up-to-date with all developments.
Appears in 5 contracts
Sources: Loan Agreement (Danaos Corp), Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Danaos Corp)
Notification of default. Each Borrower will notify the Agent Lender as soon as that either Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent Lender fully up-to-date with all developments.
Appears in 4 contracts
Sources: Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Notification of default. Each The Borrower will notify the Facility Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will thereafter keep the Facility Agent fully up-to-date with all developments.
Appears in 4 contracts
Sources: Loan Agreement, Loan Agreement (Capital Product Partners L.P.), Loan Agreement
Notification of default. Each Borrower will shall notify the Agent Lender as soon as that Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, ; and will shall keep the Agent Lender fully up-to-date with all developments.
Appears in 4 contracts
Sources: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)
Notification of default. Each Borrower will notify the Agent as soon as that Borrower becomes aware of:
(a) of the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will thereafter keep the Agent fully up-to-date with all developments.
Appears in 4 contracts
Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Containers Inc.), Loan Agreement (Navios Maritime Partners L.P.)
Notification of default. Each Borrower will notify the Agent as soon as that Borrower it becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, occurred and is continuing; and will keep the Agent fully up-to-date with all developments.
Appears in 3 contracts
Sources: Amending and Restating Agreement (TBS International PLC), Amending and Restating Agreement (TBS International PLC), Loan Agreement (TBS International LTD)
Notification of default. Each Borrower will notify the Agent as soon as that Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-up to date with all developments.
Appears in 3 contracts
Sources: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.)
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of DefaultDefault which is continuing; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will thereafter keep the Agent fully up-to-date up‑to‑date with all developments.
Appears in 3 contracts
Sources: Loan Agreement (Euroseas Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.)
Notification of default. Each Borrower The Borrowers will notify the Agent as soon as that a Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.
Appears in 3 contracts
Sources: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.)
Notification of default. Each Borrower will notify the Agent as soon as that Borrower becomes aware of:
(a) of the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.
Appears in 3 contracts
Sources: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)
Notification of default. Each The Borrower will notify the Agent as soon as that Borrower it becomes aware of:
(a) of the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.
Appears in 3 contracts
Sources: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Containers Inc.)
Notification of default. Each Borrower will notify the Agent as soon as that Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, ; and will keep the Agent fully up-to-date with all developments.
Appears in 3 contracts
Sources: Loan Agreement (GasLog Ltd.), Facility Agreement (NewLead Holdings Ltd.), Facility Agreement (NewLead Holdings Ltd.)
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred; or
(c) the occurrence of an event of default or a potential event of default (as defined therein) in relation to any of the Associated Loan Agreements, and will keep the Agent fully up-to-date with all developments.
Appears in 2 contracts
Sources: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Acquisition CORP)
Notification of default. Each Borrower The Borrowers will notify the Agent as soon as that Borrower becomes the Borrowers become aware of:
(a) the occurrence of an Event of Default or a Potential Event of DefaultDefault which is continuing; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will thereafter keep the Agent fully up-to-date up‑to‑date with all developments.
Appears in 2 contracts
Sources: Loan Agreement (EuroDry Ltd.), Loan Agreement (Euroseas Ltd.)
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will thereafter keep the Agent fully up-to-date with all developments.
Appears in 2 contracts
Sources: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)
Notification of default. Each Borrower will notify the Facility Agent as soon as that Borrower becomes aware of:
(a) the occurrence of a Potential Event of Default and/or an Event of Default or a (and the steps, if any, being taken to remedy such Potential Event of Default and/or Event of Default); or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will thereafter keep the Facility Agent fully up-to-date with all developments.
Appears in 2 contracts
Sources: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)
Notification of default. Each Borrower will notify the Agent as soon as that Borrower ▇▇▇▇▇▇▇▇ becomes aware of:
(a) of the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will thereafter keep the Agent fully up-to-date with all developments.
Appears in 2 contracts
Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)
Notification of default. Each Borrower will notify the Agent as soon as that Borrower becomes aware of:
(a) of the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, is continuing and will keep the Agent fully up-to-date with all developmentsdevelopments while such Event of Default is continuing.
Appears in 2 contracts
Sources: Loan Agreement (Costamare Partners LP), Loan Agreement (Costamare Partners LP)
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred; or
(c) the occurrence of an event of default (however described) under any facility agreements to which Britannia Bulk Finance Limited is a party on the date hereof, and will keep the Agent fully up-to-date with all developments.
Appears in 2 contracts
Sources: Loan Agreement (Britannia Bulk Holdings Inc), Loan Agreement (Britannia Bulk PLC)
Notification of default. Each Borrower will notify the Agent as soon as that Borrower ▇▇▇▇▇▇▇▇ becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-up to date with all developments.
Appears in 2 contracts
Sources: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.)
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.
Appears in 2 contracts
Sources: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.), Loan Agreement (Euronav NV)
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
: (a) the occurrence of an Event of Default or a Potential Event of Default; or
or (b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.
Appears in 1 contract
Sources: Loan Agreement (Euronav NV)
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, occurred or may occur; and will keep the Agent fully up-to-date with all developments.
Appears in 1 contract
Notification of default. Each Borrower will notify the Agent as soon as that Borrower becomes aware of:
(a) the occurrence of an Event of Default which is continuing or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.
Appears in 1 contract
Sources: Loan Agreement (Box Ships Inc.)
Notification of default. Each Borrower The Borrowers will notify the Agent as soon as that Borrower becomes any of them become aware of:
(a) the occurrence of an Event of Default or a Potential Event of DefaultDefault which is continuing; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurredoccurred and is continuing, and will thereafter keep the Agent fully up-to-date with all developments.
Appears in 1 contract
Notification of default. Each The Borrower will notify the Agent as soon as that Borrower it becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.
Appears in 1 contract
Sources: Loan Agreement (DryShips Inc.)
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, occurred or may occur; and will keep the Agent fully up-to-date up‑to‑date with all developments.
Appears in 1 contract
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, ; and will keep the Agent fully up-to-date up‑to‑date with all developments.
Appears in 1 contract
Sources: Amending and Restating Agreement (Golar LNG Partners LP)
Notification of default. Each Borrower will notify the Agent as soon as that Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-up to date with all developments.. 452 EUROPE/66436786v5
Appears in 1 contract
Sources: Loan Agreement (Diana Shipping Inc.)
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, occurred and will thereafter keep the Agent fully up-to-date with all developments.
Appears in 1 contract
Sources: Amending and Restating Agreement (Paragon Shipping Inc.)
Notification of default. Each Borrower will notify the Agent as soon as that Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.
Appears in 1 contract
Sources: Loan Agreement
Notification of default. Each Borrower will promptly notify the Agent as soon as that Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.
Appears in 1 contract
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Latent Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Latent Event of Default may have occurred, and will keep the Agent fully up-to-date up‑to‑date with all developments.
Appears in 1 contract
Notification of default. Each Borrower will notify the Agent as soon as that Borrower ▇▇▇▇▇▇▇▇ becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.
Appears in 1 contract
Notification of default. Each Borrower It will notify the Agent as soon as that Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, ; and will keep the Agent fully up-to-date with all developments.
Appears in 1 contract
Sources: Loan Agreement (Mc Shipping Inc)
Notification of default. Each Borrower will notify the Agent as soon as that Borrower becomes aware of:
(a) a. the occurrence of an Event of Default or a Potential Latent Event of Default; or
(b) b. any matter which indicates that an Event of Default or a Potential Latent Event of Default may have occurred, and will keep the Agent fully up-to-date up‑to‑date with all developments.
Appears in 1 contract
Notification of default. Each Borrower will notify the Agent as soon as that Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Latent Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Latent Event of Default may have occurred, and will keep the Agent fully up-to-date up‑to‑date with all developments.
Appears in 1 contract
Notification of default. Each Borrower will notify the Agent as soon as that Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-up- to-date with all developments.
Appears in 1 contract
Sources: Loan Agreement
Notification of default. Each Borrower The Borrowers will notify the Agent as soon as that Borrower becomes the Borrowers become aware of:
(a) the occurrence of an Event of Default or a Potential Event of DefaultDefault which is continuing; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.,
Appears in 1 contract
Sources: Loan Agreement (EuroDry Ltd.)
Notification of default. Each Borrower will notify the Agent as soon as that Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-up to date with all developments.
Appears in 1 contract
Sources: Loan Agreement (Diana Shipping Inc.)
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) of the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will thereafter keep the Agent fully up-to-date with all developments.
Appears in 1 contract
Notification of default. Each Borrower will notify the Agent as soon as that Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of DefaultDefault which is continuing; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default is may have occurredoccurred and is continuing, and will keep the Agent fully up-to-date with all developments.
Appears in 1 contract
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) of the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.
Appears in 1 contract
Sources: Loan Agreement (Seacastle Inc.)
Notification of default. Each Borrower will notify the Agent as soon as that Borrower B▇▇▇▇▇▇▇ becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.
Appears in 1 contract
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of DefaultDefault and is continuing; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurredoccurred and is continuing, and will keep the Agent fully up-to-date with all developments.
Appears in 1 contract
Sources: Loan Agreement (EuroDry Ltd.)
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.
Appears in 1 contract
Notification of default. Each Borrower The Borrowers will notify the Agent as soon as that Borrower becomes the Borrowers become aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.
Appears in 1 contract
Notification of default. Each Borrower will notify the Agent as soon as that Borrower ▇▇▇▇▇▇▇▇ becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.
Appears in 1 contract
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of DefaultDefault which is continuing; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.,
Appears in 1 contract
Sources: Loan Agreement (Euroseas Ltd.)
Notification of default. Each The Borrower will notify the Agent as soon as that Borrower it becomes aware of:
(a) the occurrence of an Event of Default or a Potential Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Event of Default may have occurred, ; and will keep the Agent fully up-to-date with all developments.
Appears in 1 contract
Sources: Loan Agreement (DryShips Inc.)
Notification of default. Each the Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of a Default or a Potential an Event of Default; or
(b) any matter which indicates that an Event of a Default or a Potential an Event of Default may have occurred, and will thereafter keep the Agent fully up-to-date with all developments.;
Appears in 1 contract
Sources: Loan Agreement (Danaos Corp)
Notification of default. Each The Borrower will notify the Agent as soon as that the Borrower becomes aware of:
(a) the occurrence of an Event of Default or a Potential Latent Event of Default; or
(b) any matter which indicates that an Event of Default or a Potential Latent Event of Default may have occurred, and will keep the Agent fully up-to-date with all developments.
Appears in 1 contract