Common use of Notification of Creditor Parties and Security Parties Clause in Contracts

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee and each Security Party a copy of the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 20 contracts

Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

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Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 20 contracts

Samples: Loan Agreement (Crude Carriers Corp.), Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Crude Carriers Corp.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Swap Bank, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the any Borrower or any Security Party with any form of claim or defence.

Appears in 13 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (DryShips Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, each Swap Counterparty, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 10 contracts

Samples: Loan Agreement, Loan Agreement (GasLog Partners LP), Loan Agreement

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower Borrowers or any Security Party with any form of claim or defence.

Appears in 10 contracts

Samples: Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (TBS International PLC), Loan Agreement (Navios Maritime Acquisition CORP)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, Lender and the Security Trustee and each Security Party a copy of the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the 20.2. Such notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower Borrowers or any Security Party with any form of claim or defencedefense.

Appears in 8 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Quartet Holdco Ltd.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, each Swap Counterparty, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the any Borrower or any Security Party with any form of claim or defence.

Appears in 7 contracts

Samples: Agreement (Dynagas LNG Partners LP), Loan Agreement, Loan Agreement (Product Shipping Ltd.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Swap Bank, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the either Borrower or any Security Party with any form of claim or defence.

Appears in 6 contracts

Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Box Ships Inc.), Loan Agreement (Diana Shipping Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Swap Bank, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 6 contracts

Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Britannia Bulk Holdings Inc), Loan Agreement (Euroseas Ltd.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee and each Security Party a copy of the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the 20.2. Such notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defencedefense.

Appears in 5 contracts

Samples: Credit Agreement (Scorpio Bulkers Inc.), Loan Agreement (Dorian LPG Ltd.), Credit Agreement (Scorpio Bulkers Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, each Swap Counterparty, the Security Trustee and each Security Party a copy of the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the 20.2. Such notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any other Security Party with any form of claim or defencedefense.

Appears in 5 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee Trustee, the Approved Manager and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide any Borrower, the Borrower Approved Manager or any Security Party with any form of claim or defence.

Appears in 5 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Containers Inc.), Loan Agreement (Navios Maritime Containers L.P.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the either Borrower or any Security Party with any form of claim or defence.

Appears in 4 contracts

Samples: Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.218.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 3 contracts

Samples: Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Holdings Inc.), Loan Agreement (GasLog Ltd.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, each Swap Bank, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 3 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.), Loan Agreement (Paragon Shipping Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee Trustee, the Swap Bank and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 3 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Costamare Partners LP), Loan Agreement (StealthGas Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the any Borrower or any Security Party with any form of claim or defence.

Appears in 3 contracts

Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Castor Maritime Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee Trustee, the Approved Manager and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower Borrower, the Approved Manager or any Security Party with any form of claim or defence.

Appears in 3 contracts

Samples: Loan Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition Corp)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.220.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 2 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Tsakos Energy Navigation LTD)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 2 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee Trustee, the Account Bank and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower Borrowers or any Security Party with any form of claim or defence.

Appears in 2 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Euroseas Ltd.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.219.2 (Actions following an Event of Default); but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the any Borrower or any Security Party with any form of claim or defence.

Appears in 2 contracts

Samples: Loan Agreement (Euronav NV), Loan Agreement (Castor Maritime Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee Trustee, the Account Bank and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 2 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the-each Swap Bank, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the any Borrower or any Security Party with any form of claim or defence.

Appears in 2 contracts

Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee Creditor Party and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.219.2 (Actions following an Event of Default); but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 2 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Partners L.P.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, Lender and the Security Trustee and each Security Party a copy of the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the 20.2. Such notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defencedefense.

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the a Borrower or any Security Party with any form of claim or defence.

Appears in 2 contracts

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

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.219.2 (Actions following an Event of Default); but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower Borrowers or any Security Party with any form of claim or defence.

Appears in 2 contracts

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

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee Trustee, each Swap Bank and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower Borrowers or any Security Party with any form of claim or defence.

Appears in 2 contracts

Samples: Loan Agreement (Costamare Partners LP), Loan Agreement (Costamare Partners LP)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee and each Security Party a copy of the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the 20.2. Such notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower Borrowers or any Security Party with any form of claim or defencedefense.

Appears in 2 contracts

Samples: Loan Agreement (Quartet Holdco Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Swap Bank, the Security Trustee and each Security Party a copy of the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 2 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.218.2; but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the any Borrower or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, Lender the Security Trustee and each Security Party a copy of the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the 20.2. Such notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower Borrowers or any other Security Party with any form of claim or defencedefense.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.217.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, each Swap Counterparty, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the either Borrower or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Agreement (Scorpio Tankers Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee Trustee, each Approved Manager and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.219.2 (Actions following an Event of Default); but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower Borrower, an Approved Manager or any Security Party with any form of claim or defence.

Appears in 1 contract

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

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Notification of Creditor Parties and Security Parties. The Agent shall send to the Issuing Bank, each LenderBank, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Obligors under Clause 19.216.2; but the notice shall become effective when it is served on the BorrowerObligors, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower Obligors or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Agreement (Euronav NV)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.215.2; but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower Borrowers or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Loan Agreement (Alma Maritime LTD)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee Trustee, each Swap Bank and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the either Borrower or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Dynagas LNG Partners LP

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee and Trustee, each Security Party and any Approved Manager a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or Borrower, any Security Party or any Approved Manager with any form of claim or defence.

Appears in 1 contract

Samples: Agreement (Capital Product Partners L.P.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Swap Banks, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Issuing Bank, the Swap Bank, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.224.2; but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the any Borrower or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Agreement (NewLead Holdings Ltd.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, each Swap Counterparty, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower Borrowers or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Loan Agreement (GasLog Ltd.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee Trustee, the Guarantee Issuer and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.221.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Loan and Guarantee Facility Agreement (DryShips Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, each Swap Counterparty, the Security Trustee and each Security Party a copy of the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but 20.2 together with the text of any similar notice served on the Borrowers under any of the Master Agreements. Such notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower Borrowers or any Security Party with any form of claim or defencedefense.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee Trustee, the Issuing Bank and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.220.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Notification of Creditor Parties and Security Parties. The Agent shall provide to each Lender and send to each Lender, the Security Trustee and each Security Party a copy of the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the 20.2. Such notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defencedefense.

Appears in 1 contract

Samples: Second Lien Loan Agreement (Eagle Bulk Shipping Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Swap Bank, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the any Borrower or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Swap Bank, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2( Actions following an Event of Default ); but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the any Borrower or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee Creditor Party and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.219.2 (Actions following an Event of Default); but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the any Borrower or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Agreement (Navios Maritime Partners L.P.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.219.2 (Actions following an Event of Default); but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, each Swap Counterparty, the Security Trustee and each Security Party a copy of the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the 20.2. Such notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower Borrowers or any other Security Party with any form of claim or defencedefense.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee Creditor Party and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Execution Version (Navios Maritime Containers Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee and each Security Party a copy of the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the 20.2. Such notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower Borrowers or any other Security Party with any form of claim or defencedefense.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee Lender and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, each Swap Counterparty, the Security Trustee and each Security Party a copy of the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the 20.2. Such notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defencedefense.

Appears in 1 contract

Samples: Loan Agreement (Eagle Bulk Shipping Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, each Swap Counterparty, the Security Trustee and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the notice shall become effective when it is served on the any Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the any Borrower or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Loan Agreement (Top Ships Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee Trustee, each Swap Bank and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower under Clause 19.2; but the notice shall become effective when it is served on the Borrower, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the Borrower or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Notification of Creditor Parties and Security Parties. The Agent shall send to each Lender, the Security Trustee Creditor Party and each Security Party a copy of or the text of any notice which the Agent serves on the Borrower Borrowers under Clause 19.2; but the notice shall become effective when it is served on the BorrowerBorrowers, and no failure or delay by the Agent to send a copy of or the text of the notice to any other person shall invalidate the notice or provide the any Borrower or any Security Party with any form of claim or defence.

Appears in 1 contract

Samples: Agreement (Navios Maritime Containers Inc.)

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