Binding Obligations. the Underlying Documents and the Security Documents, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective terms;
Appears in 44 contracts
Samples: Facility Agreement (Euroseas Ltd.), Loan Agreement (Pyxis Tankers Inc.), Facility Agreement (Navios Maritime Partners L.P.)
Binding Obligations. the Underlying Documents and the Security DocumentsDocuments constitute or will, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective terms;
Appears in 43 contracts
Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Third Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)
Binding Obligations. the Underlying Documents and the Security DocumentsDocuments constitute or will, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective terms;
Appears in 18 contracts
Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)
Binding Obligations. the Underlying The Security Documents when duly executed and the Security Documents, when executed, delivered will constitute the legal, valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective terms;terms subject to applicable laws regarding creditors' rights in general.
Appears in 11 contracts
Samples: Loan Facility Agreement, Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc), Loan Facility Agreement (Teekay LNG Partners L.P.)
Binding Obligations. the Security Documents and the Underlying Documents and the Security Documentsconstitute or will, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective terms;
Appears in 9 contracts
Samples: Supplemental Agreement, Supplemental Agreement (Top Ships Inc.), Loan Agreement (NewLead Holdings Ltd.)
Binding Obligations. the Underlying Documents and the Security Documents, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective termsterms and admissible in evidence and the Security Documents (other than the Corporate Guarantee) will create first priority Encumbrances;
Appears in 9 contracts
Samples: Facility Agreement (EuroDry Ltd.), Facility Agreement (Euroseas Ltd.), Facility Agreement (Pyxis Tankers Inc.)
Binding Obligations. the Underlying The Security Documents when duly executed and the Security Documents, when executed, delivered will constitute the legal, valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective terms;terms subject to applicable laws regarding creditors’ rights in general.
Appears in 8 contracts
Samples: Secured Reducing Revolving Loan Facility Agreement, Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc), Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc)
Binding Obligations. the Underlying The Security Documents when duly executed and the Security Documents, when executed, delivered will constitute the legal, valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective terms;.
Appears in 5 contracts
Samples: Loan Facility Agreement (Mc Shipping Inc), Loan Facility Agreement (Mc Shipping Inc), Secured Loan Facility Agreement (Euroseas Ltd.)
Binding Obligations. the Underlying Documents and the Security DocumentsFinance Documents constitute or will, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective terms;
Appears in 3 contracts
Samples: On Delivery Facility Agreement (Paragon Shipping Inc.), On Delivery Buyer Credit Facility Agreement (DryShips Inc.), Junior Secured Loan Agreement (Omega Navigation Enterprises, Inc.)
Binding Obligations. the Underlying Documents and the Security Documents, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective termsterms and admissible in evidence and the Security Documents (other than the Corporate Guarantees) will create first priority Encumbrances;
Appears in 3 contracts
Samples: Facility Agreement, Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Binding Obligations. the Underlying Security Documents and the Security DocumentsManagement Agreements constitute or will, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective terms;
Appears in 3 contracts
Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.), Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)
Binding Obligations. the Underlying Documents and the Security Documents, when executed, will constitute valid and legally binding obligations with full force and effect of the relevant Security Parties enforceable in accordance with their respective termsterms and admissible in evidence and the Security Documents will create first priority Encumbrances;
Appears in 2 contracts
Samples: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)
Binding Obligations. the Underlying Documents and the Security DocumentsDocuments constitute or will, when executed, will constitute valid and valid, legally binding and enforceable obligations of the relevant Security Parties enforceable in accordance with their respective termsit;
Appears in 2 contracts
Samples: Facilities Agreement, Loan Agreement (Golar LNG Partners LP)
Binding Obligations. the Underlying Documents and the Security DocumentsDocuments constitute or will, when executed, will constitute valid and legally binding obligations of the relevant relevant. Security Parties enforceable in accordance with their respective terms;
Appears in 2 contracts
Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.)
Binding Obligations. the Underlying Documents and the Security DocumentsDocuments constitute or will, when executed, will constitute valid and valid, legally binding and enforceable obligations of the relevant Security Parties enforceable in accordance with their respective termsParties;
Appears in 1 contract
Samples: Facility Agreement (Golar LNG LTD)
Binding Obligations. the Underlying Documents and the Security Documents, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective termsterms and the Mortgages, the Deed of Covenant, the General Assignments, the Charter Assignments, the Shares Pledges and the Account Security will create first priority Encumbrances;
Appears in 1 contract
Samples: Facility Agreement (Navios Maritime Acquisition CORP)
Binding Obligations. the Underlying Transaction Documents and the Security DocumentsDocuments to which they are respectively a party constitute or will, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective terms;
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Binding Obligations. the Underlying Documents and the Security Documents, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective termsterms and admissible in evidence and the Security Documents (other than the Corporate Guarantee) will create first priority Encumbrances;
Appears in 1 contract
Binding Obligations. the Underlying Documents and the Security DocumentsDocuments constitute or will, when executed, will constitute valid and legally binding obligations of the relevant Security Parties and HoldCo enforceable in accordance with their respective terms;
Appears in 1 contract