Appropriation rights overridden. This Clause 12 and any notice which the Issuer gives under Clause 12.2 shall override any right of appropriation possessed, and any appropriation made, by the Obligors or any Security Party.
Appears in 3 contracts
Samples: Guarantee Facility Agreement (TBS International PLC), Guarantee Facility Agreement (TBS International LTD), Guarantee Facility Agreement (TBS International LTD)
Appropriation rights overridden. This Clause 12 and any notice which the Issuer Lender gives under Clause 12.2 12 shall override any right of appropriation possessed, and any appropriation made, by the Obligors Borrower or any Security Partyan Owner.
Appears in 1 contract
Appropriation rights overridden. This Clause 12 122 and any notice which the Issuer Lender gives under Clause 12.2 12 shall override any right of appropriation possessed, and any appropriation made, by the Obligors Borrower or any Security Partyeither Owner.
Appears in 1 contract
