Common use of Continuance of Principal Agreement and the Security Documents Clause in Contracts

Continuance of Principal Agreement and the Security Documents. 7.1 Save for the alterations to the Principal Agreement made or deemed to be made pursuant to this Agreement and such further modifications (if any) thereto as may be necessary to make the same consistent with the terms of this Agreement the Principal Agreement shall remain in full force and effect and the security constituted by the Security Documents executed by the Borrower and the other Security Parties shall continue and remain valid and enforceable.

Appears in 9 contracts

Samples: Fifth Supplemental Agreement (Costamare Inc.), Sixth Supplemental Agreement (Costamare Inc.), Fourth Supplemental Agreement (Costamare Inc.)

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Continuance of Principal Agreement and the Security Documents. 7.1 Save for the alterations to the Principal Agreement made or deemed to be made pursuant to this Agreement and such further modifications (if any) thereto as may be necessary to make the same consistent with the terms of this Agreement the Principal Agreement shall remain in full force and effect and the security constituted by the Security Documents executed by the Borrower and the other Security Parties shall continue and remain valid and enforceable.

Appears in 4 contracts

Samples: First Supplemental Agreement (NewLead Holdings Ltd.), Second Supplemental Agreement (NewLead Holdings Ltd.), Fifth Supplemental Agreement (NewLead Holdings Ltd.)

Continuance of Principal Agreement and the Security Documents. 7.1 Save for the alterations to the Principal Loan Agreement and the Security Document made or deemed to be made under or pursuant to this Agreement and such further modifications (if any) thereto as may be necessary to make Agreement, the same consistent with the terms of this Agreement the Principal Loan Agreement shall remain in full force and effect and the security constituted by the Security Documents executed by the Borrower and the other Security Parties shall continue and to remain valid and enforceable.

Appears in 2 contracts

Samples: First Supplemental Agreement (Poseidon Containers Holdings Corp.), Second Supplemental Agreement (Poseidon Containers Holdings Corp.)

Continuance of Principal Agreement and the Security Documents. 7.1 Save for the alterations to the Principal Agreement made or deemed to be made pursuant to this Agreement and such further modifications (if any) thereto as may be necessary to make the same consistent with the terms of this Agreement Agreement, the Principal Agreement shall remain in full force and effect and the security constituted by the Security Documents executed by the Borrower and the other Security Parties shall continue and remain valid and enforceableenforceable and each of the Borrower hereby reconfirms its obligations under the Principal Agreement as hereby amended and under the Security Documents to which it is party.

Appears in 2 contracts

Samples: First Supplemental Agreement (Top Ships Inc.), First Supplemental Agreement (Paragon Shipping Inc.)

Continuance of Principal Agreement and the Security Documents. 7.1 Save for the alterations to the Principal Agreement Agreement, and the Security Document made or deemed to be made pursuant to this Agreement Agreement, and such further modifications (if any) thereto as may be necessary to make the same consistent with the terms of this Agreement Agreement, the Principal Agreement shall remain in full force and effect and the security constituted by the Security Documents executed by the Borrower and the other Security Parties shall continue and to remain valid and enforceableenforceable and the Borrower hereby reconfirms its obligations under the Principal Agreement as hereby amended and under the Security Documents to which it is a party.

Appears in 1 contract

Samples: Second Supplemental Agreement (Seanergy Maritime Holdings Corp.)

Continuance of Principal Agreement and the Security Documents. 7.1 6.1 Save for the alterations to the Principal Agreement Agreement, and the Security Documents made or deemed to be made pursuant to this Agreement Agreement, and such further modifications (if any) thereto as may be necessary to make the same consistent with the terms of this Agreement Agreement, the Principal Agreement shall remain in full force and effect and the security constituted by the Security Documents executed by the Borrower and the other Security Parties shall continue and to remain valid and enforceable.

Appears in 1 contract

Samples: First Supplemental Agreement (Seanergy Maritime Holdings Corp.)

Continuance of Principal Agreement and the Security Documents. 7.1 6.1 Save for the alterations to the Principal Agreement Agreement, and the Security Documents made or deemed to be made pursuant to this Agreement Agreement, and such further modifications (if any) thereto as may be necessary to make the same consistent with the terms of this Agreement Agreement, the Principal Agreement shall remain in full force and effect and the security constituted by the Security Documents executed by the Borrower and the other Security Parties shall continue and to remain valid and enforceableenforceable and the Borrower hereby reconfirms its obligations under the Principal Agreement as hereby amended and under the Security Documents to which it is a party.

Appears in 1 contract

Samples: Third Supplemental Agreement (Seanergy Maritime Holdings Corp.)

Continuance of Principal Agreement and the Security Documents. 7.1 Save for the alterations to the Principal Agreement made or deemed to be made pursuant to this Agreement and such further modifications (if any) thereto as may be necessary to make the same consistent with the terms of this Agreement the Principal Agreement shall remain in full force and effect and the security constituted by the Security Documents executed by the Borrower and the other Security Parties shall continue and remain valid and enforceable.. (J35-350130/C)

Appears in 1 contract

Samples: Second Supplemental Agreement (NewLead Holdings Ltd.)

Continuance of Principal Agreement and the Security Documents. 7.1 10.1 Save for the alterations to the Principal Agreement made or deemed to be made pursuant to this Agreement and such further modifications (if any) thereto as may be necessary to make the same consistent with the terms of this Agreement the Principal Agreement shall remain in full force and effect and the security constituted by the Security Documents executed by the Borrower and the other Security Parties shall continue and remain valid and enforceable.

Appears in 1 contract

Samples: Ninth Supplemental Agreement (Costamare Inc.)

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Continuance of Principal Agreement and the Security Documents. 7.1 Save for the alterations to the Principal Agreement made or deemed to be made pursuant to this Agreement and such further modifications (if any) thereto as may be necessary to make the same consistent with the terms of this Agreement Agreement, the Principal Agreement shall remain in full force and effect and the security constituted by the Security Documents executed by the Borrower and the other Security Parties shall continue and remain valid and enforceableenforceable and the Borrower hereby reconfirms its obligations under the Principal Agreement as hereby amended and under the Security Documents to which it is party.

Appears in 1 contract

Samples: First Supplemental Agreement (FreeSeas Inc.)

Continuance of Principal Agreement and the Security Documents. 7.1 Save for the alterations to the Principal Agreement made or deemed to be made pursuant to this Agreement and such further modifications (if any) thereto as may be necessary to make the same consistent with the terms of this Agreement the Principal Agreement shall remain in full force and effect and the security constituted by the Security Documents executed by the Borrower Borrowers and the other Security Parties shall continue and remain valid and enforceable.

Appears in 1 contract

Samples: First Supplemental Agreement (Costamare Inc.)

Continuance of Principal Agreement and the Security Documents. 7.1 Save for the alterations to the Principal Agreement made or deemed to be made pursuant to this Agreement and such further modifications (if any) thereto as may be necessary to make the same consistent with the terms of this Agreement Agreement, the Principal Agreement shall remain in full force and effect and the security constituted by the Security Documents executed by the Borrower and the other Security Parties shall continue and remain valid and enforceable.

Appears in 1 contract

Samples: Seventh Supplemental Agreement (Costamare Inc.)

Continuance of Principal Agreement and the Security Documents. 7.1 Save for the alterations to the Principal Agreement made or deemed to be made pursuant to this Agreement and such further modifications (if any) thereto as may be necessary to make the same consistent with the terms of this Agreement Agreement, the Principal Agreement shall remain in full force and effect and the security constituted by the Security Documents executed by the Borrower Borrowers and the other Security Parties shall continue and remain valid and enforceableenforceable and each of the Borrowers hereby reconfirms its obligations under the Principal Agreement as hereby amended and under the Security Documents to which it is party.

Appears in 1 contract

Samples: First Supplemental Agreement (Freeseas Inc.)

Continuance of Principal Agreement and the Security Documents. 7.1 Save for the alterations to the Principal Agreement made or deemed to be made pursuant to this Agreement and such further modifications (if any) thereto as may be necessary to make the same consistent with the terms of this Agreement Agreement, the Principal Agreement shall remain in full force and effect and the security constituted by the Security Documents executed by the Borrower and the other Security Parties shall continue and remain valid and enforceable.

Appears in 1 contract

Samples: Third Supplemental Agreement (Costamare Inc.)

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