Borrower’s Rights and Obligations. 2.4.1 The obligations of each Borrower under this Agreement are joint and several. Failure by a Borrower to perform its obligations under this Agreement shall constitute a failure by all of the Borrowers.
Appears in 4 contracts
Samples: Agreement (Paragon Shipping Inc.), Facility Agreement (Navigator Holdings Ltd.), Credit Agreement (DryShips Inc.)
Borrower’s Rights and Obligations. 2.4.1 2.5 The obligations of each Borrower under this Agreement are joint and several. Failure by a Borrower to perform its obligations under this Agreement shall constitute a failure by all of the Borrowers.
Appears in 4 contracts
Samples: Facility Agreement (Hafnia LTD), Facility Agreement, Facility Agreement (Teekay LNG Partners L.P.)
Borrower’s Rights and Obligations. 2.4.1 2.3.1 The obligations of each Borrower under this Agreement are joint and several. Failure by a Borrower to perform its obligations under this Agreement shall constitute a failure by all of the Borrowers.
Appears in 4 contracts
Samples: Facility Agreement (Quintana Shipping Ltd.), www.lw.com, DryShips Inc.
Borrower’s Rights and Obligations. 2.4.1 (a) The obligations of each Borrower under this Agreement are joint and several. Failure by a Borrower to perform its obligations under this Agreement shall constitute a failure by all of the Borrowers.
Appears in 2 contracts
Samples: Navigator Holdings Ltd., Framework Agreement (Seadrill Partners LLC)
