Clauses 22. 9.1 and 22.9.2 do not apply to any Encumbrance or (as the case may be) Quasi-Security, which is a Permitted Encumbrance.
Appears in 4 contracts
Sources: Secured Loan Agreement (Performance Shipping Inc.), Second Supplemental Agreement to a Secured Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Bulkers Inc.)