Arrest. any Ship is arrested, confiscated, seized, taken in execution, impounded, forfeited, detained in exercise or purported exercise of any possessory lien or other claim or otherwise taken from the possession of the relevant Borrower and the relevant Borrower shall fail to procure the release of such Ship within a period of fourteen (14) Banking Days thereafter; or
Appears in 3 contracts
Samples: Seanergy Maritime Holdings Corp., Seanergy Maritime Holdings Corp., Seanergy Maritime Holdings Corp.
Arrest. any Any Ship is arrested, confiscated, seized, taken in execution, impounded, forfeited, detained in exercise or purported exercise of any possessory lien or other claim or otherwise taken from the possession of the relevant Borrower owner of such Ship and the relevant Borrower owner of such Ship shall fail to procure the release of such Ship within a period of fourteen (14) Banking ten Business Days thereafter; or.
Appears in 3 contracts
Samples: Facilities Agreement (International Shipping Enterprises, Inc.), Facilities Agreement (International Shipping Enterprises, Inc.), Agreement (Navios Maritime Holdings Inc.)
