Demand Basis. If, under clause 10.2.2, the Agent has declared the Loan to be due and payable on demand, at any time thereafter the Agent may (and if so instructed by the Majority Lenders shall) by written notice to the Borrowers (a) demand repayment of the Loan on such date as may be specified whereupon, regardless of any other provision of this Agreement, the Loan shall become due and payable on the date so specified together with all interest accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 16 contracts
Samples: Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Acquisition CORP)
Demand Basis. If, under clause 10.2.2, the Agent has declared the Loan to be due and payable on demand, at any time thereafter the Agent may (and if so instructed by the Majority Lenders shall) by written notice to the Borrowers Borrower (a) demand repayment of the g Loan on such date as may be specified whereupon, regardless of any other provision of this Agreement, the Loan shall become due and payable on the date so specified together with all interest accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 8 contracts
Samples: Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Partners L.P.)
Demand Basis. If, under clause 10.2.2, the Agent has declared the Loan to be due and payable on demand, at any time thereafter the Agent may (and if so instructed by the Majority Lenders shall) by written notice to the Borrowers Borrower (a) demand repayment of the Loan on such date as may be specified whereupon, regardless of any other provision of this Agreement, the Loan shall become due and payable on the date so specified together with all interest accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 5 contracts
Samples: Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Pyxis Tankers Inc.), EuroDry Ltd.
Demand Basis. If, under pursuant to clause 10.2.2, the Agent has declared declares the Loan to be due and payable on demand, at any time thereafter the Agent may (and if so instructed by the Majority Lenders Banks shall) by written notice to the Borrowers (a) demand call for repayment of the Loan on such date as may be specified whereupon, regardless of any other provision of this Agreement, whereupon the Loan shall become due and payable on the date so specified together with all interest and commitment commission accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such noticeAgreement.
Appears in 2 contracts
Samples: Facility Agreement (Costamare Partners LP), Facility Agreement (Costamare Partners LP)
Demand Basis. If, under pursuant to clause 10.2.2, the Agent has declared declares the Loan to be due and payable on demand, at any time thereafter the Agent may (and if so instructed by the Majority Lenders Banks shall) by written notice to the Borrowers (a) demand call for repayment of the Loan on such date as may be specified whereupon, regardless of any other provision of this Agreement, whereupon the Loan shall become due and payable on the date so specified together with all interest accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 2 contracts
Samples: Agreement (Seanergy Maritime Holdings Corp.), Seanergy Maritime Holdings Corp.
Demand Basis. If, under clause 10.2.2, the Agent has declared the Loan to be due and payable on demand, at any time thereafter the Agent may (and if so instructed by the Majority Lenders shall) by written notice to the Borrowers (a) demand repayment of the g Loan on such date as may be specified whereupon, regardless of any other provision of this Agreement, the Loan shall become due and payable on the date so specified together with all interest accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 1 contract
Demand Basis. If, under clause 10.2.2, the Agent has declared the Loan to be due and payable on demand, at any time thereafter the Agent may (and if so instructed by the Majority Lenders shall) by written notice to the Borrowers (a) demand repayment of the Loan on such date as may be specified whereupon, regardless of any other provision of this Agreement, the Loan shall become due and payable on the date so specified together with all interest accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 1 contract
Demand Basis. If, under pursuant to clause 10.2.2, the Agent has declared declares the Loan to be due and payable on demand, at any time thereafter the Agent may (and if so instructed by the Majority Lenders Banks shall) by written notice to the Borrowers (a) demand call for repayment of the Loan on such date as may be specified whereupon, regardless of any other provision of this Agreement, whereupon the Loan shall become due and payable on the date so specified together with all interest and commitment commission accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 1 contract
