Common use of Contingent Amount Clause in Contracts

Contingent Amount. The Borrowers and the Swap Provider have agreed to enter into a Master Agreement for the hedging of the Borrowers' exposure to interest rate fluctuations. The Borrowers and the Swap Provider have agreed that the Mortgages shall secure any obligations payable by the Borrowers to the Swap Provider at any time pursuant to any Master Agreement in a maximum aggregate amount of up to $53,000,000 and the Swap Provider has further agreed that each of the other Security Documents shall not have any limitation as to the amount payable by the Borrowers to the Swap Provider at any time pursuant to any Master Agreement which is secured by such other Security Documents.

Appears in 1 contract

Samples: Scorpio Tankers Inc.

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Contingent Amount. The Borrowers Borrower and the Swap Provider have agreed to enter into a Master Agreement Agreements for the hedging of the Borrowers' Borrower's exposure to interest rate fluctuations. The Borrowers Borrower and the Swap Provider have agreed that the Mortgages Mortgage shall secure any obligations payable by the Borrowers Borrower to the Swap Provider at any time pursuant to any Master Agreement in a maximum aggregate amount of up to $53,000,000 10,400,000. The Borrower and the Swap Provider has have further agreed that each of the other Security Documents shall not have any limitation as to the amount payable by the Borrowers Borrower to the Swap Provider at any time pursuant to any Master Agreement which is secured by such other Security Documents.

Appears in 1 contract

Samples: Scorpio Bulkers Inc.

Contingent Amount. The If the Borrowers and the a Swap Provider have agreed to enter into a Master Agreement for the hedging of the Borrowers' exposure to interest rate fluctuations. The , the Borrowers and the Swap Provider have agreed Providers agree that the Mortgages shall secure any obligations payable by the Borrowers to the Swap Provider Providers at any time pursuant to any Master Agreement in a maximum aggregate amount of up to $53,000,000 17,250,000 and the Swap Provider has Providers further agreed agree that each of the other Security Documents shall not have any limitation as to the amount payable by the Borrowers to the Swap Provider Providers at any time pursuant to any Master Agreement which is secured by such other Security Documents.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Contingent Amount. The Borrowers Borrower and the Swap Provider have agreed to enter into a Master Agreement Agreements for the hedging of the Borrowers' Borrower's exposure to interest rate fluctuations. The Borrowers Borrower and the Swap Provider have agreed that the Mortgages Mortgage shall secure any obligations payable by the Borrowers Borrower to the Swap Provider at any time pursuant to any Master Agreement in a maximum aggregate amount of up to $53,000,000 7,920,000. The Borrower and the Swap Provider has have further agreed that each of the other Security Documents shall not have any limitation as to the amount payable by the Borrowers Borrower to the Swap Provider at any time pursuant to any Master Agreement which is secured by such other Security Documents.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

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Contingent Amount. The Borrowers and the Swap Provider have agreed to enter into a Master Agreement for the hedging of the Borrowers' exposure to interest rate fluctuations. The Borrowers and the Swap Provider have agreed that the Mortgages shall secure any obligations payable by the Borrowers to the Swap Provider at any time pursuant to any Master Agreement in a maximum aggregate amount of up to $53,000,000 18,360,000 and the Swap Provider has further agreed that each of the other Security Documents shall not have any limitation as to the amount payable by the Borrowers to the Swap Provider at any time pursuant to any Master Agreement which is secured by such other Security Documents.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

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