Borrowers as principal debtors. Each Borrower acknowledges that it is a principal and original debtor in respect of all amounts which may become payable by the Borrowers in accordance with the terms of any of the Security Documents and agrees that each Bank may continue to treat it as such, whether or not such Bank is or becomes aware that such Borrower is or has become a surety for the other Borrower.
Appears in 15 contracts
Samples: Navios Maritime Partners L.P., Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Holdings Inc.)
Borrowers as principal debtors. Each Borrower acknowledges that it is a principal and original debtor in respect of all amounts which may become payable by the Borrowers in accordance with the terms of any of the Security Documents and agrees that each the Bank may continue to treat it as such, whether or not such the Bank is or becomes aware that such Borrower is or has become a surety for the other Borrower.
Appears in 6 contracts
Samples: Facility Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Acquisition CORP)
Borrowers as principal debtors. Each Borrower acknowledges that it is a principal and original debtor in respect of all amounts which may become payable by the Borrowers in accordance with the terms of any of the Security Documents and agrees that each Bank the Lender may continue to treat it as such, whether or not such Bank the Lender is or becomes aware that such Borrower is or has become a surety for the other BorrowerBorrowers.
Appears in 3 contracts
Samples: Facility Agreement (Euroseas Ltd.), Facility Agreement (Navios Maritime Partners L.P.), Agreement (EuroDry Ltd.)
Borrowers as principal debtors. Each Borrower acknowledges and confirms that it is a principal and original debtor in respect of all amounts which may become payable by the Borrowers in accordance with the terms of this Agreement or any of the other Security Documents and agrees that each Bank the Creditors may also continue to treat it as such, whether or not such Bank any Creditor is or becomes aware that such Borrower is or has become a surety for the other BorrowerBorrowers.
Appears in 2 contracts
Samples: Seanergy Maritime Holdings Corp., Seanergy Maritime Holdings Corp.
Borrowers as principal debtors. Each Borrower acknowledges that it is a principal and original debtor in respect of all amounts which may become payable by the Borrowers in accordance with the terms of any of the Security Documents and agrees that each Bank Creditor Party may continue to treat it as such, whether or not such Bank Creditor Party is or becomes aware that such Borrower is or has become a surety for the other Borrower.
Appears in 2 contracts
Samples: Agreement (Navios Maritime Acquisition CORP), Navios Maritime Acquisition CORP
Borrowers as principal debtors. Each Borrower acknowledges that it is a principal and original debtor in respect of all amounts which may become payable by the Borrowers in accordance with the terms of any of the Security Documents and agrees that each Bank may continue to treat it as such, whether or not such Bank is or becomes aware that such Borrower is or has become a surety for the other Borrower.. Table of Contents
Appears in 1 contract
Samples: Navios Maritime Holdings Inc.
Borrowers as principal debtors. Each Borrower acknowledges and confirms that it is a principal and original debtor in respect of all amounts which may become payable by the Borrowers in accordance with the terms of this Agreement or any of the other Security Documents and agrees that each Bank the Finance Parties or any of them may also continue to treat it as such, whether or not such Bank any of the Finance Parties is or becomes aware that such Borrower is or has become a surety for the other BorrowerBorrowers or any of them.
Appears in 1 contract
Samples: Agreement (DryShips Inc.)
Borrowers as principal debtors. Each Borrower acknowledges and confirms that it is a principal and original debtor in respect of all amounts which may become payable by the Borrowers in accordance with the terms of this Agreement or any of the other Security Documents and agrees that each Bank the Finance Parties may also continue to treat it as such, whether or not such Bank any of the Finance Parties is or becomes aware that such Borrower is or has become a surety for the other another Borrower.
Appears in 1 contract
Samples: Agreement (Teekay LNG Partners L.P.)
Borrowers as principal debtors. Each Borrower acknowledges and confirms that it is a principal and original debtor in respect of all amounts which may become payable by the Borrowers in accordance with the terms of this Agreement or any of the other Security Documents and agrees that each the Bank may also continue to treat it as such, whether or not such the Bank is or becomes aware that such Borrower is or has become a surety for the other another Borrower.
Appears in 1 contract
Samples: Agreement (Top Tankers Inc.)
Borrowers as principal debtors. Each Borrower acknowledges that it is a principal and original debtor in respect of all amounts which may become payable by the Borrowers in accordance with the terms of any of the Security Finance Documents and agrees that each Bank the Creditor Parties may continue to treat it as such, whether or not such Bank is the Creditor Parties are or becomes aware that such Borrower is or has become a surety for the other another Borrower.
Appears in 1 contract
Borrowers as principal debtors. Each Borrower acknowledges that it is a principal and original debtor in respect of all amounts which may become payable by the Borrowers in accordance with the terms of any of the Security Documents and agrees that each the Bank may continue to treat it as such, whether or not such the Bank is or becomes aware that such Borrower is or has become a surety for the other BorrowerBorrowers.
Appears in 1 contract
Borrowers as principal debtors. Each Borrower acknowledges and confirms that it is a principal and original debtor in respect of all amounts which may become payable by the Borrowers in accordance with the terms of this Agreement or any of the other Security Documents and agrees that each Bank the Creditors may also continue to treat it as such, whether or not such Bank any Creditor is or becomes aware that such Borrower is or has become a surety for the other BorrowerBorrowers (or any of them).
Appears in 1 contract
Samples: Loan Agreement (Mc Shipping Inc)
Borrowers as principal debtors. Each Borrower acknowledges that it is a principal and original debtor in respect of all amounts which may become payable by the Borrowers in accordance with the terms of any of the Security Documents and agrees that each Bank the Lender may continue to treat it as such, whether or not such Bank the Lender is or becomes aware that such Borrower is or has become a surety for the other Borrower.
Appears in 1 contract
Samples: Agreement (NewLead Holdings Ltd.)
Borrowers as principal debtors. Each Borrower acknowledges that it is a principal and original debtor in respect of all amounts which may become payable by the Borrowers in accordance with the terms of any of the Security Documents and agrees that each Bank may continue to treat it as such, whether or not such Bank is or becomes aware that such Borrower is or has become a surety for the other Borrower.. 53
Appears in 1 contract
Samples: Navios Maritime Acquisition CORP