Variation of order of application. The Lender may, by notice to the Borrower and the Security Parties, provide for a different manner of application from that set out in Clause 16.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.
Appears in 17 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Poseidon Containers Holdings Corp.)
Variation of order of application. The Lender may, by notice to the Borrower Borrowers and the Security Parties, provide for a different manner of application from that set out in Clause 16.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.
Appears in 11 contracts
Samples: Loan Agreement (Quintana Shipping Ltd.), Agreement (Diana Shipping Inc.), Agreement (DryShips Inc.)
Variation of order of application. The Lender may, may by notice to the Borrower and the Security Parties, Parties provide for a different manner of application from that set out in Clause 16.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.
Appears in 11 contracts
Samples: Loan Agreement, Loan Agreement (Box Ships Inc.), Agreement (Paragon Shipping Inc.)
Variation of order of application. The Lender may, by notice to the Borrower and the Security PartiesBorrower, provide for a different manner of application from that set out in Clause 16.1 12 either as regards a specified sum or sums or as regards sums in a specified category or categories.
Appears in 5 contracts
Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)
Variation of order of application. The Lender may, at its reasonable discretion, by notice to the Borrower Borrowers and the Security Parties, provide for a different manner of application from that set out in Clause 16.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.
Appears in 4 contracts
Samples: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.), Agreement (StealthGas Inc.)
Variation of order of application. The Lender may, by notice to the Borrower Borrowers and the Security Parties, provide for a different manner of application from that set out in Clause 16.1 17.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.
Appears in 3 contracts
Samples: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)
Variation of order of application. The Lender may, by notice to the Borrower and the other Security Parties, provide for a different manner of application from that set out in Clause 16.1 17.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.
Appears in 3 contracts
Samples: Loan Agreement (Arlington Tankers Ltd.), Loan Agreement (General Maritime Corp / MI), Agreement (Arlington Tankers Ltd.)
Variation of order of application. The Lender maymay (following the occurrence of an Event of Default or Potential Event of Default which is continuing), by notice to the Borrower and the Security Parties, Parties provide for a different manner of application from that set out in Clause 16.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.
Appears in 2 contracts
Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)
Variation of order of application. The Lender may, by notice to the Borrower and the Security Parties, provide for a different manner of application from that set out in Clause 16.1 15.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.
Appears in 2 contracts
Samples: Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Variation of order of application. The Lender may, by notice to the Borrower and the Security Parties, provide for a different manner of application from that set out in Clause 16.1 16 either as regards a specified sum or sums or as regards sums in a specified category or categories.
Appears in 1 contract
Variation of order of application. The Lender may, by notice to the Borrower and the Security PartiesBorrower, provide for a different manner of application from that set out in Clause 16.1 8.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.
Appears in 1 contract
Variation of order of application. The Lender may, at its reasonable discretion, by notice to the Borrower and the Security Parties, provide for a different manner of application from that set out in Clause 16.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.
Appears in 1 contract
Samples: Loan Agreement (StealthGas Inc.)
Variation of order of application. The Lender may, by notice to the Borrower and the Security Parties, may provide for a different manner of application from that set out in Clause 16.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.
Appears in 1 contract
Variation of order of application. The Lender may, by notice to the Borrower and the Security PartiesBorrower, provide for a different manner of application from that set out in Clause 16.1 7.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.
Appears in 1 contract
Variation of order of application. The Lender may, may by notice to the Borrower Borrowers and the Security Parties, Parties provide for a different manner of application from that set out in Clause 16.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.
Appears in 1 contract
Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)
Variation of order of application. The Following the occurrence of an Event of Default, the Lender may, by notice to the Borrower Borrowers and the Security Parties, provide for a different manner of application from that set out in Clause 16.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
