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

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

Appears in 2 contracts

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

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

Appears in 2 contracts

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

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

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Loan Agreement

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