Common use of Confirmation of no default Clause in Contracts

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer of the Borrower and which:

Appears in 5 contracts

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

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Confirmation of no default. The Borrower will, within 2 5 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer any 2 duly authorised officers of the Borrower and which:

Appears in 3 contracts

Samples: Loan Agreement (General Maritime Corp / MI), Loan Agreement (Arlington Tankers Ltd.), Agreement (Arlington Tankers Ltd.)

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer an officer or director of the Borrower and which:which (based on its most recent annual or interim financial statements):

Appears in 3 contracts

Samples: Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Cosmo Llc.), Agreement (Star Bulk Carriers Corp.)

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer a director of the Borrower and which:

Appears in 3 contracts

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

Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer 2 directors of the that Borrower and which:

Appears in 3 contracts

Samples: Loan Agreement (Quintana Shipping Ltd.), Agreement (TBS International LTD), Loan Agreement (Omega Navigation Enterprises, Inc.)

Confirmation of no default. The Borrower will, within 2 3 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer 2 directors of the Borrower and which:

Appears in 3 contracts

Samples: Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (Omega Navigation Enterprises, Inc.)

Confirmation of no default. The Borrower will, within 2 3 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer an authorised officer of the Borrower and which:

Appears in 3 contracts

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

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer an authorised officer of the Borrower and which:

Appears in 3 contracts

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

Confirmation of no default. The Borrower will, within 2 5 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer of Borrower’s chief financial officer provided that he or she is duly authorised to bind the Borrower with his or her signature and which:

Appears in 2 contracts

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

Confirmation of no default. The Borrower willshall, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer 2 directors of the Borrower and which:

Appears in 2 contracts

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)

Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer an authorised representative or an officer of the each Borrower and which:

Appears in 1 contract

Samples: Agreement (Diana Shipping Inc.)

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer an authorised director of the Borrower and which:

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Confirmation of no default. The Borrower Borrowers will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer 2 directors or officers of the Borrower Borrowers and which:

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

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Confirmation of no default. The Borrower will, within 2 3 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer a director of the Borrower and which:

Appears in 1 contract

Samples: Loan Agreement (Poseidon Containers Holdings Corp.)

Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer sole director of the that Borrower and which:

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

Confirmation of no default. The Borrower It will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer 2 directors of the that Borrower and which:

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Confirmation of no default. The Each Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer a director of the that Borrower and which:

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer 2 directors of the Borrower Borrower’s and which:

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer 2 of the Borrower its directors or officers and which:

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Confirmation of no default. The Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by the Chief Financial Officer 2 directors of the Borrower and which:;

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Confirmation of no default. The Borrower willshall, within 2 Business Days after service by the Lender of a written request, serve on provide the Lender with a notice which is signed by the Chief Financial Officer 2 directors of the Borrower and which:

Appears in 1 contract

Samples: Loan Agreement (Knightsbridge Tankers LTD)

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