Reliance and engagement letters. Each Secured Party confirms that the Security Agent has authority to accept on its behalf (and ratifies the acceptance on its behalf of any letters or reports already accepted by the Security Agent) the terms of any reliance letter or engagement letters or any reports or letters provided by accountants, auditors or providers of due diligence reports in connection with the Finance Documents or the transactions contemplated in the Finance Documents and to bind it in respect of those, reports or letters and to sign such letters on its behalf and further confirms that it accepts the terms and qualifications set out in such letters.
Appears in 17 contracts
Samples: Agreement (Navios Maritime Partners L.P.), Junior Facility Agreement (Global Ship Lease, Inc.), Facility Agreement (United Maritime Corp)
Reliance and engagement letters. Each Secured Party confirms that the Security Facility Agent has authority to accept on its behalf (and ratifies the acceptance on its behalf of any letters or reports already accepted by the Security Facility Agent) the terms of any reliance letter or engagement letters or any reports or letters provided by accountants, auditors or providers of due diligence reports in connection with the Finance Documents or the transactions contemplated in the Finance Documents and to bind it in respect of those, reports or letters and to sign such letters on its behalf and further confirms that it accepts the terms and qualifications set out in such letters.
Appears in 6 contracts
Samples: Facility Agreement (United Maritime Corp), Junior Facility Agreement (Global Ship Lease, Inc.), Facility Agreement (Navios Maritime Partners L.P.)
Reliance and engagement letters. Each Secured Creditor Party confirms that the Security Agent has authority to accept on its behalf (and ratifies the acceptance on its behalf of any letters or reports already accepted by the Security Agent) the terms of any reliance letter or engagement letters or any reports or letters provided by accountants, auditors or providers of due diligence reports in connection with the Finance Documents or the transactions contemplated in the Finance Documents and to bind it in respect of those, reports or letters and to sign such letters on its behalf and further confirms that it accepts the terms and qualifications set out in such letters.
Appears in 3 contracts
Samples: Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.), Facility Agreement (Scorpio Tankers Inc.), Facility Agreement (Navios Maritime Holdings Inc.)
Reliance and engagement letters. Each Finance Party and Secured Party (in each case excluding the Security Agent) confirms that the Security Agent has authority to accept on its behalf (and ratifies the acceptance on its behalf of any letters or reports already accepted by the Security Agent) the terms of any reliance letter or engagement letters or relating any reports or letters provided by accountants, auditors or providers of due diligence reports accountants in connection with the Finance Documents or the transactions contemplated in the Finance Documents and to bind it in respect of those, those reports or letters and to sign such letters on its behalf and further confirms that it accepts the terms and qualifications set out in such letters.
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