Common use of Analogous proceedings Clause in Contracts

Analogous proceedings. there occurs, in relation to any Security Party or other Restricted Company, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the Agent, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 to 10.1.13 (inclusive) or any Security Party or other Restricted Company otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 11 contracts

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

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Analogous proceedings. there occurs, in relation to any Security Party or other Restricted CompanyRelevant Party, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the Agent, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 to 10.1.13 (inclusive) or any Security Party or other Restricted Company Relevant Party otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 7 contracts

Samples: Supplemental Agreement (Diana Shipping Inc.), Loan Agreement (Quintana Shipping Ltd.), Supplemental Agreement (Quintana Shipping Ltd.)

Analogous proceedings. there occurs, in relation to any Security Party or other Restricted CompanyParty, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the AgentLender, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 Clauses 9.1(f) (Legal process) to 10.1.13 (l) (Compositions) (inclusive) or any Security Party or other Restricted Company otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 4 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Imperial Petroleum Inc./Marshall Islands)

Analogous proceedings. there occurs, in relation to any Security Party or other Restricted Companymember of the Group, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the Agent, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 to 10.1.13 (inclusive) or any Security Party or other Restricted Company member of the Group otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 4 contracts

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

Analogous proceedings. there occurs, in relation to any Security Party or other Restricted CompanyRelevant Party, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the Agent, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 10.1.6 to 10.1.13 10.1.12 (inclusive) or any Security Party or other Restricted Company Relevant Party otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 3 contracts

Samples: Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (DryShips Inc.)

Analogous proceedings. there occurs, in relation to any Security Party or any other Restricted CompanyRelevant Party, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the AgentBank, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 10.1.6 to 10.1.13 10.1.12 (inclusive) or any Security Party or any other Restricted Company Relevant Party otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 3 contracts

Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)

Analogous proceedings. there occurs, in relation to any Security Party or (other Restricted Companythan the Manager), in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the Agent, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 10.1.6 to 10.1.13 10.1.12 (inclusive) or any Security Party or (other Restricted Company than the Manager) otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 2 contracts

Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement

Analogous proceedings. there occurs, in relation to any Security Party or other Restricted CompanyGroup Member, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their respective assets is subject, any event which, in the reasonable opinion of the Agent, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 22.1.7 (Legal process) to 10.1.13 22.1.12 (Compositions) (inclusive) or any Security Party or other Restricted Company Group Member otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 2 contracts

Samples: Facility Agreement (British Sky Broadcasting Group PLC), Facility Agreement (British Sky Broadcasting Group PLC)

Analogous proceedings. there occurs, in relation to any Security Party or other Restricted CompanyParty, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the AgentLender, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 Clauses 9.1(f) (Legal process) to 10.1.13 (l) (Compositions) (inclusive) or any Security Party or other Restricted Company otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 2 contracts

Samples: Loan Agreement (Performance Shipping Inc.), Loan Agreement (Performance Shipping Inc.)

Analogous proceedings. there occurs, in relation to any Security Party or other Restricted CompanyParty, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the AgentAgent (acting on the instructions of the Lenders), appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 10.1.6 to 10.1.13 10.1.12 (inclusive) or any Security Party or other Restricted Company otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 2 contracts

Samples: Facility Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Acquisition CORP)

Analogous proceedings. there occurs, in relation to any Security Party or other Restricted Company, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the Agent, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 8.1.7 to 10.1.13 8.1.13 (inclusive) or any Security Party or other Restricted Company otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 2 contracts

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

Analogous proceedings. there occurs, in relation to any Security Party or other Restricted CompanyGroup Member, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the AgentLender, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 10.1.6 to 10.1.13 10.1.12 (inclusive) or any Security Party or other Restricted Company Group Member otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 2 contracts

Samples: Facility Agreement (StealthGas Inc.), Facility Agreement for a Term Loan (StealthGas Inc.)

Analogous proceedings. there occurs, in relation to any Security Party or other Restricted CompanyRelevant Party, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the AgentBank, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 to 10.1.13 (inclusive) or any Security Party or other Restricted Company Relevant Party otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 2 contracts

Samples: Supplemental Agreement, Supplemental Agreement (Gala Properties Inc.)

Analogous proceedings. there occurs, in relation to any Security Party or other Restricted CompanyRelevant Party, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the Facility Agent, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 15.1.7 to 10.1.13 15.1.12 (inclusive) or any Security Party or other Restricted Company Relevant Party otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidationliquidation unless, in the reasonable opinion of the Facility Agent, the above are not of a nature that will affect or prejudice the Security Party’s ability to perform their obligations under the Finance Documents; or

Appears in 1 contract

Samples: On Delivery Buyer Credit Facility Agreement (DryShips Inc.)

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Analogous proceedings. there occurs, in relation to any Security Party or other Restricted CompanyRelevant Party, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the Facility Agent, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 15.1.7 to 10.1.13 15.1.12 (inclusive) or any Security Party or other Restricted Company Relevant Party otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 1 contract

Samples: On Delivery Facility Agreement (Paragon Shipping Inc.)

Analogous proceedings. there occurs, in relation to any Security Party or other Restricted CompanyParty, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the Banks and/or Agent, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 to 10.1.13 (inclusive) or any Security Party or any other Restricted Company otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Analogous proceedings. there occurs, in relation to any Security Party or other Restricted CompanyParty, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the AgentMajority Lenders, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 11.1(g) to 10.1.13 11.1(l) (inclusive) or any Security Party or other Restricted Company otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 1 contract

Samples: Facility Agreement (Gulfmark Offshore Inc)

Analogous proceedings. there occurs, in relation to any Security Party or other Restricted CompanyRelevant Party, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the AgentBank, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 10.1.6 to 10.1.13 10.1.12 (inclusive) or any Security Party or other Restricted Company Relevant Party otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 1 contract

Samples: Junior Loan Agreement (FreeSeas Inc.)

Analogous proceedings. there occurs, in relation to any Security Party or other Restricted CompanyHoldCo, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the Agent, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 10.1.8 and 10.1.10 to 10.1.13 (inclusive) or any Security Party or other Restricted Company HoldCo otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 1 contract

Samples: Loan Agreement (Golden Energy Marine Corp.)

Analogous proceedings. there occurs, in relation to any Security Party or (other Restricted Companythan any Manager), in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the AgentLender, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 Clauses 12.1.6 to 10.1.13 12.1.11 (inclusive) or any Security Party or (other Restricted Company than any Manager) otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Partners L.P.)

Analogous proceedings. there occurs, in relation to any Security Party or other Restricted CompanyGroup Member, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their respective assets is subject, any event which, in the reasonable opinion of the Agent, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 Clauses 22.1(g) (Legal process) to 10.1.13 22.1(l) (Compositions) (inclusive) or any Security Party or other Restricted Company Group Member otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 1 contract

Samples: Facility Agreement (British Sky Broadcasting Group PLC)

Analogous proceedings. there occurs, in relation to any Security Party or (other Restricted Companythan the Manager), in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the AgentBank, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.7 10.1.6 to 10.1.13 10.1.12 (inclusive) or any Security Party or (other Restricted Company than the Manager) otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Acquisition CORP)

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