Notification of illegality. The Agent shall promptly notify the Borrower, the Security Parties, the Security Trustee and the other Lenders of the notice under Clause 23.1 which the Agent receives from the Notifying Lender.
Appears in 72 contracts
Samples: Agreement (Euroseas Ltd.), Loan Agreement (EuroDry Ltd.), Agreement (Capital Product Partners L.P.)
Notification of illegality. The Agent shall promptly notify the BorrowerBorrowers, the Security Parties, the Security Trustee and the other Lenders of the notice under Clause 23.1 which the Agent receives from the Notifying Lender.
Appears in 54 contracts
Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Global Ship Lease, Inc.), Agreement (Navios Maritime Partners L.P.)
Notification of illegality. The Agent shall promptly notify the Borrower, the other Security Parties, the Security Trustee and the other Lenders of the notice under Clause 23.1 24.1 which the Agent receives from the Notifying Lender.
Appears in 6 contracts
Samples: Credit Agreement (Scorpio Bulkers Inc.), Credit Agreement (Scorpio Bulkers Inc.), Loan Agreement (Scorpio Tankers Inc.)
Notification of illegality. The Agent shall promptly notify the BorrowerBorrowers, the Security Parties, the Security Trustee and the other Lenders of the any notice under Clause 23.1 which the Agent receives from the Notifying Lender.
Appears in 5 contracts
Samples: Loan Agreement, Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Global Ship Lease, Inc.)
Notification of illegality. The Agent shall promptly notify the Borrower, the Security Parties, the Security Trustee and the other Lenders of the notice under Clause 23.1 (Illegality) which the Agent receives from the Notifying Lender.
Appears in 4 contracts
Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition Corp)
Notification of illegality. The Agent shall promptly notify the Borrower, the Security Parties, the Security Trustee Obligors and the other Lenders of the notice under Clause 23.1 21.1 which the Agent receives from the Notifying Lender.
Appears in 4 contracts
Samples: Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Prestige Cruises International, Inc.)
Notification of illegality. The Agent shall promptly notify the BorrowerBorrowers, the Security Parties, the Security Trustee and the other Lenders of the notice under Clause 23.1 (Illegality) which the Agent receives from the Notifying Lender.
Appears in 4 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Castor Maritime Inc.)
Notification of illegality. The Facility Agent shall promptly notify the Borrower, the Security Parties, the Security Trustee and the other Lenders of the notice under Clause 23.1 which the Facility Agent receives from the Notifying Lender.
Appears in 4 contracts
Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.), Loan Agreement
Notification of illegality. The Agent shall promptly notify the BorrowerBorrowers, the Security Parties, the Security Trustee Trustee, and the other Lenders of the notice under Clause 23.1 which the Agent receives from the Notifying Lender.
Appears in 3 contracts
Samples: Loan Agreement (TBS International PLC), Loan Agreement (TBS International PLC), Loan Agreement (TBS International LTD)
Notification of illegality. The Agent shall promptly notify the Borrower, the Security Parties, the Security Trustee and the other Lenders of the notice under Clause 23.1 22.1 which the Agent receives from the Notifying Lender.
Appears in 3 contracts
Samples: Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Acquisition CORP), Loan Agreement (GasLog Ltd.)
Notification of illegality. The Agent shall promptly notify the Borrower, the Security Parties, and each of the Security Trustee and the other Lenders Creditor Parties of the notice under Clause 23.1 (Illegality) which the Agent receives from the Notifying Lender.
Appears in 2 contracts
Samples: Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Partners L.P.)
Notification of illegality. The Agent shall promptly notify the Borrower, the Security Parties, the Security Trustee and the other Lenders of the notice under Clause 23.1 24.1 which the Agent receives from the Notifying Lender.
Appears in 2 contracts
Samples: Loan Agreement (Danaos Corp), Loan Agreement (Tsakos Energy Navigation LTD)
Notification of illegality. (a) The Agent shall promptly notify the Borrower, the Security Parties, the Security Trustee Obligors and the other Lenders of the notice under Clause 23.1 21.1 (Illegality) which the Agent receives from the Notifying Lender.
Appears in 2 contracts
Samples: Loan Agreement (Prestige Cruises International, Inc.), Loan Agreement (Seven Seas Cruises S. DE R.L.)
Notification of illegality. The Agent shall promptly notify the BorrowerBorrowers, the other Security Parties, the Security Trustee and the other Lenders of the notice under Clause 23.1 24.1 which the Agent receives from the Notifying Lender.
Appears in 1 contract
Notification of illegality. The Agent shall promptly notify the Borrower, the Security Parties, the Security Trustee Parties and the other Lenders of the notice under Clause 23.1 which the Agent receives from the Notifying Lender.
Appears in 1 contract
Notification of illegality. The Agent shall promptly notify the BorrowerBorrowers, the Security Parties, and each of the Security Trustee and the other Lenders Creditor Parties of the notice under Clause 23.1 which the Agent receives from the Notifying Lender.
Appears in 1 contract
Notification of illegality. The Agent shall promptly notify the BorrowerBorrowers, the Security Parties, the Security Trustee and the other Lenders of the notice under Clause 23.1 22.1 which the Agent receives from the Notifying Lender.
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)
Notification of illegality. The Facility Agent shall promptly notify the BorrowerBorrowers, the Security Parties, the Security Trustee and the other Lenders of the notice under Clause 23.1 which the Facility Agent receives from the Notifying Lender.
Appears in 1 contract
Notification of illegality. The Agent shall promptly notify the Borrower, the Security Parties, the Security Trustee Trustee, the Issuing Bank and the other Lenders of the notice under Clause 23.1 24.1 which the Agent receives from the Notifying Lender.
Appears in 1 contract
Samples: Loan Agreement (Danaos Corp)
Notification of illegality. The Agent shall promptly notify the BorrowerBorrowers, the Security Parties, the Security Trustee and the other Lenders of the notice under Clause 23.1 19.1 which the Agent receives from the Notifying Lender.
Appears in 1 contract
Samples: Loan Agreement (Alma Maritime LTD)
Notification of illegality. The Agent shall promptly notify the BorrowerBorrowers, the Security Parties, the Security Trustee Agent and the other Lenders of the notice under Clause 23.1 (Illegality) which the Agent receives from the Notifying Lender.
Appears in 1 contract
Notification of illegality. The Agent shall promptly notify the Borrower, the Security Parties, the Security Trustee and the other Lenders of the notice under Clause 23.1 21.1 which the Agent receives from the Notifying Lender.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Notification of illegality. The Agent shall promptly notify the Borrower, the Security Parties, the Security Trustee and the other Lenders of the notice under Clause 23.1 25.1 which the Agent receives from the Notifying Lender.
Appears in 1 contract
Samples: Loan and Guarantee Facility Agreement (DryShips Inc.)
Notification of illegality. The Agent shall promptly notify the BorrowerBorrowers, the Security Parties, the Security Trustee Trustee, the Issuing Bank and the other Lenders of the notice under Clause 23.1 28.1 which the Agent receives from the Notifying Lender.
Appears in 1 contract
Samples: Agreement (NewLead Holdings Ltd.)
Notification of illegality. The Agent shall promptly notify the BorrowerBorrowers, the Security Parties, the Security Trustee and the other Lenders of the notice under Clause 23.1 which the Agent receives from the Notifying Lender.Clause
Appears in 1 contract
Samples: Diana Shipping Inc.
Notification of illegality. The Agent shall promptly notify the BorrowerBorrowers, the Security Parties, and each of the Security Trustee and the other Lenders Creditor Parties of the notice under Clause 23.1 (Illegality) which the Agent receives from the Notifying Lender.
Appears in 1 contract
Notification of illegality. The Agent shall promptly notify the BorrowerObligors, the Security Parties, the Security Trustee Trustee, the Issuing Bank and the other Lenders Banks of the notice under Clause 23.1 20.1 which the Agent receives from the Notifying LenderBank.
Appears in 1 contract
Samples: Agreement (Euronav NV)
Notification of illegality. The Agent shall promptly notify the Borrower, the Security Parties, and each of the Security Trustee and the other Lenders Creditor Parties of the notice under Clause 23.1 which the Agent receives from the Notifying Lender.
Appears in 1 contract
Samples: Execution Version (Navios Maritime Containers Inc.)
