Appropriation rights overriden. This Clause 16 and any notice which the Lender gives under Clause 16.2 shall override any right of appropriation possessed, and any appropriation made, by the Borrower or any Security Party.
Appears in 10 contracts
Samples: Loan Agreement, Agreement (Paragon Shipping Inc.), Loan Agreement (Box Ships Inc.)
Appropriation rights overriden. This Clause 16 and any notice which the Lender gives under Clause 16.2 shall override any right of appropriation possessed, and any appropriation made, by the any Borrower or any Security Party.
Appears in 1 contract
Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)
