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

Continuance of Principal Agreement and the Security Documents. Save for the alterations to the Principal Agreement, and the Security Documents made or to be made pursuant to this Supplemental Agreement, and such further modifications (if any) thereto as may be necessary to make the same consistent with the terms of this Supplemental Agreement, the Principal Agreement shall remain in full force and effect and the security constituted by the Security Documents shall continue to remain valid and enforceable and the Borrowers hereby jointly and severally reconfirm their respective obligations under the Principal Agreement as hereby amended and under the Security Documents to which each of them is a party.

Appears in 2 contracts

Samples: Supplemental Agreement (Rubico Inc.), Supplemental Agreement (Toro Corp.)

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Continuance of Principal Agreement and the Security Documents. Save for the alterations to the Principal Agreement, and the Security Documents made or to be made pursuant to this Supplemental Agreement, and such further modifications (if any) thereto as may be necessary to make the same consistent with the terms of this Supplemental 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 to remain valid and enforceable and the Borrowers Borrower and the Guarantors hereby jointly and severally reconfirm their respective obligations under the Principal Agreement as hereby amended and under the Security Documents to which each of them is a party.

Appears in 1 contract

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

Continuance of Principal Agreement and the Security Documents. Save for the alterations to the Principal Agreement, and the Security Documents made or to be made pursuant to this Supplemental Agreement, and such further modifications (if any) thereto as may be necessary to make the same consistent with the terms of this Supplemental Agreement, the Principal Agreement shall remain in full force and effect and apply to this Supplemental Agreement as well, as if repeated in extenso herein, and the security constituted by the Security Documents shall continue to remain valid and enforceable and the Borrowers Borrower hereby jointly and severally reconfirm their respective reconfirms its obligations under the Principal Agreement as hereby amended and under the Security Documents to which each of them it is a party.

Appears in 1 contract

Samples: First Supplemental Agreement (Castor Maritime Inc.)

Continuance of Principal Agreement and the Security Documents. Save for the alterations to the Principal Agreement, and the Security Documents made or to be made pursuant to this Supplemental Agreement, and such further modifications (if any) thereto as may be necessary to make the same consistent with the terms of this Supplemental Agreement, the Principal Agreement shall remain in full force and effect and apply to this Supplemental Agreement as well, as if repeated in extenso herein, and the security constituted by the Security Documents shall continue to remain valid and enforceable and the Borrowers hereby jointly and severally reconfirm their respective obligations under the Principal Agreement as hereby amended and under the Security Documents to which each of them is a party.

Appears in 1 contract

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

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

Appears in 1 contract

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

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Continuance of Principal Agreement and the Security Documents. 7.1 Save for the alterations to the Principal Agreement, and the Security Documents Document made or to be made pursuant to this Supplemental Agreement, and such further modifications (if any) thereto as may be necessary to make the same consistent with the terms of this Supplemental 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 to remain valid and enforceable and the Borrowers Borrower and the Guarantors hereby jointly and severally reconfirm their respective obligations under the Principal Agreement as hereby amended and under the Security Documents to which each of them is a party.

Appears in 1 contract

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

Continuance of Principal Agreement and the Security Documents. 7.1 Save for the alterations to the Principal Agreement, and the Security Documents made or to be made pursuant to this Supplemental Agreement, and such further modifications (if any) thereto as may be necessary to make the same consistent with the terms of this Supplemental 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 to remain valid and enforceable and the Borrowers Borrower and the Guarantors hereby jointly and severally reconfirm their respective obligations under the Principal Agreement as hereby amended and under the Security Documents to which each of them is a party.

Appears in 1 contract

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

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