Common use of Provision of additional security; prepayment Clause in Contracts

Provision of additional security; prepayment. If the Agent serves a notice on the Borrower under Clause 15.1, the Borrower shall, within 1 month after the date on which the Agent’s notice is served, either:

Appears in 17 contracts

Samples: Execution Version (Navios Maritime Containers Inc.), Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.), Loan Agreement (Euronav NV)

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Provision of additional security; prepayment. If the Agent serves a notice on the Borrower Borrowers under Clause 15.1, the Borrower Borrowers shall, within 1 month after the date on which the Agent’s notice is served, either:

Appears in 8 contracts

Samples: Agreement (Navios Maritime Containers Inc.), Agreement (Navios Maritime Holdings Inc.), Loan Agreement (TBS International PLC)

Provision of additional security; prepayment. If the Agent serves a notice on the Borrower under Clause 15.115.2, the Borrower shall, within 1 one (1) month after the date on which the Agent’s notice is served, either:

Appears in 3 contracts

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

Provision of additional security; prepayment. If When the Agent serves a notice on the Borrower under Clause 15.115.2, the Borrower shall, within 1 month thirty (30) days after the date on which the Agent’s notice is served, either:

Appears in 2 contracts

Samples: Credit Agreement (Scorpio Bulkers Inc.), Credit Agreement (Scorpio Bulkers Inc.)

Provision of additional security; prepayment. If the Agent serves a notice on the Borrower under Clause 15.115.1 (Minimum required security cover), the Borrower shall, within 1 month after the date on which the Agent’s notice is served, either:

Appears in 2 contracts

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

Provision of additional security; prepayment. If the Agent serves a notice on the Borrower under Clause 15.1, the Borrower shall, within 1 month after the date on which the Agent’s 's notice is served, either:

Appears in 2 contracts

Samples: Loan Agreement, Amending and Restating Agreement (Golar LNG Partners LP)

Provision of additional security; prepayment. If the Agent serves a notice on the Borrower Borrowers under Clause 15.115.1 (Minimum required security cover), the Borrower Borrowers shall, within 1 month after the date on which the Agent’s notice is served, either:

Appears in 1 contract

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

Provision of additional security; prepayment. If the Agent serves a notice on the Borrower Borrowers under Clause 15.1, the Borrower Borrowers shall, within 1 month after the date on which the Agent’s 's notice is served, either:

Appears in 1 contract

Samples: Agreement (Navios Maritime Holdings Inc.)

Provision of additional security; prepayment. If the Agent serves a notice on the Borrower under Clause 15.121.1 (Minimum required security cover), the Borrower shall, within 1 month 10 days after the date on which the Agent’s notice is served, either:

Appears in 1 contract

Samples: Credit Agreement (Eagle Bulk Shipping Inc.)

Provision of additional security; prepayment. If the Agent (acting on the instructions of the Majority Lenders) serves a notice on the Borrower under Clause 15.1, the Borrower shall, within 1 month after the date on which the Agent’s notice is served, either:

Appears in 1 contract

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

Provision of additional security; prepayment. If When the Agent serves a notice on the Borrower under Clause 15.115.2, the Borrower shall, within 1 month fifteen (15) days after the date on which the Agent’s notice is served, either:

Appears in 1 contract

Samples: Original Credit Agreement (Scorpio Bulkers Inc.)

Provision of additional security; prepayment. If the Agent serves a notice on the Borrower under Clause 15.115.2, the Borrower shall, within 1 one (1) month after the date on which the Agent’s 's notice is served, either:

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Provision of additional security; prepayment. If the Agent serves a notice on the Borrower under Clause 15.1, the Borrower shall, within 1 month 45 days after the date on which the Agent’s 's notice is served, either:

Appears in 1 contract

Samples: Loan Agreement (Crude Carriers Corp.)

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Provision of additional security; prepayment. If the Agent serves a notice on the Borrower under Clause 15.1, the Borrower shall, within 1 month 2 weeks, (or such other period as is mutually agreed between the Agent and the Borrower) after the date on which the Agent’s notice is served, either:

Appears in 1 contract

Samples: Loan Agreement (B Plus H Ocean Carriers LTD)

Provision of additional security; prepayment. If the Agent serves a notice on the Borrower under Clause 15.1, the Borrower shall, within within, in the case of Clause 15.1(i), 10 Business Days and, in the case of Clause 15.1(ii), 1 month after the date on which the Agent’s notice is served, either:

Appears in 1 contract

Samples: Loan Agreement (GasLog Ltd.)

Provision of additional security; prepayment. If the Agent serves a notice on the Borrower under Clause 15.1, the Borrower shall, within 1 month 45 days after the date on which the Agent’s notice is served, either:

Appears in 1 contract

Samples: Loan Agreement (Crude Carriers Corp.)

Provision of additional security; prepayment. If the Agent serves a notice on the Borrower Borrowers under Clause 15.1, the Borrower Borrowers shall, within 1 month 30 days after the date on which the Agent’s 's notice is served, either:

Appears in 1 contract

Samples: Loan Agreement (Top Ships Inc.)

Provision of additional security; prepayment. If the Agent serves a notice on the Borrower Borrowers under Clause 15.115.2, the Borrower Borrowers shall, within 1 one month after the date on which the Agent’s notice is served, either:

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Provision of additional security; prepayment. If the Agent serves a notice on the Borrower Borrowers under Clause 15.115.1 (Minimum required security cover), the Borrower Borrowers shall, within 1 month 30 days after the date on which the Agent’s notice is served, either:

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Provision of additional security; prepayment. If the Agent serves a notice on the Borrower under Clause 15.113.1, the Borrower shall, within 1 month two weeks after the date on which the Agent’s 's notice is served, either:

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Provision of additional security; prepayment. If the Agent serves a notice on the Borrower under Clause 15.117.1, the Borrower shall, within 1 month five Business Days after the date on which the Agent’s notice is served, either:

Appears in 1 contract

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

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