Common use of Payment of increased costs Clause in Contracts

Payment of increased costs. The Borrower shall pay to the Lender, on its demand, the amounts which the Lender from time to time notifies the Borrower that it has specified to be necessary to compensate it for the increased cost.

Appears in 24 contracts

Samples: Agreement (DryShips Inc.), Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Quintana Shipping Ltd.)

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Payment of increased costs. The Borrower Borrowers shall pay to the Lender, on its demand, the amounts which the Lender from time to time notifies the Borrower Borrowers that it has specified to be necessary to compensate it for the increased cost.

Appears in 14 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Quintana Shipping Ltd.)

Payment of increased costs. The Borrower shall pay to the Lender, on its the Lender’s demand, the amounts which the Lender from time to time notifies the Borrower that it has specified to be necessary to compensate it for the increased cost.

Appears in 6 contracts

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

Payment of increased costs. The Borrower shall pay to the Lender, on its the Lender's demand, the amounts which the Lender from time to time notifies the Borrower that it has specified to be necessary to compensate it for the increased cost.

Appears in 3 contracts

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

Payment of increased costs. The Borrower shall pay to the Lender, on its the Lender’s demand, the amounts which the Lender from time to time notifies the Borrower that it has specified to be is necessary to compensate it for the increased cost.

Appears in 3 contracts

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

Payment of increased costs. The Borrower shall pay to the Lender, on its the Lender’s demand, for the account of the Lender the amounts which the Lender from time to time notifies the Borrower that it has specified to be necessary to compensate it the Lender for the increased cost.

Appears in 2 contracts

Samples: Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)

Payment of increased costs. The Borrower shall pay to the Lender, on its demand, for the account of the Lender the amounts which the Lender from time to time notifies the Borrower that it has specified to be necessary to compensate it for the increased cost.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Payment of increased costs. The Borrower shall pay to the Lender, on its the Lender's demand, for the account of the Lender the amounts which the Lender from time to time notifies the Borrower that it has specified to be necessary to compensate it the Lender for the increased cost.

Appears in 1 contract

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

Payment of increased costs. The Borrower and the New Owners (jointly and severally) shall pay to the Lender, on its demand, the amounts which the Lender from time to time notifies the Borrower that it has specified to be necessary to compensate it for the increased cost.

Appears in 1 contract

Samples: Loan Agreement (Knightsbridge Tankers LTD)

Payment of increased costs. The Borrower shall pay to the Lender, on its demand, the amounts which the Lender from time to time notifies the Borrower that it has specified to be necessary to compensate it for the increased costcost (but not for any loss of profit).

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

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Payment of increased costs. The Borrower Borrowers shall pay to the Lender, on its demand, the amounts which the Lender from time to time notifies the Borrower Borrowers that it has specified to be necessary to compensate it for the increased cost.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Payment of increased costs. The Borrower Borrowers shall pay to the Lender, on its demand, for the account of the Lender the amounts which the Lender from time to time notifies the Borrower Borrowers that it has specified to be necessary to compensate it the Lender for the increased cost.

Appears in 1 contract

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

Payment of increased costs. The Borrower shall pay to the a Lender, on its that Lender’s demand, the amounts which the that Lender from time to time notifies the Borrower that it has specified to be is necessary to compensate it for the increased cost.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Payment of increased costs. The Borrower shall pay to the Lender, on its demand, the amounts which the Lender from time to time notifies the Borrower Borrowers that it has specified to be necessary to compensate it for the increased cost.

Appears in 1 contract

Samples: Agreement (Diana Shipping Inc.)

Payment of increased costs. The Borrower shall pay to the Lender, on its the Lender’s demand, the amounts which the Lender from time to time notifies the Borrower that it has specified to be necessary to compensate it the Lender for the increased cost.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Payment of increased costs. The Borrower Borrowers shall pay to the Lender, on its the Lender’s demand, for the account of the Lender the amounts which the Lender from time to time notifies the Borrower Borrowers that it has specified to be necessary to compensate it the Lender for the increased cost.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

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