Common use of Creation of additional security Clause in Contracts

Creation of additional security. The value of any additional security which the Borrower offers to provide to remedy all or part of a shortfall in the amount of the Security Value will only be taken into account for the purposes of determining the Security Value if and when:

Appears in 11 contracts

Samples: Agreement (Navigator Holdings Ltd.), Agreement (Danaos Corp), Agreement (Danaos Corp)

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Creation of additional security. The value of any additional security which the Borrower offers Borrowers offer to provide to remedy all or part of a shortfall in the amount of the Security Value will only be taken into account for the purposes of determining the Security Value if and when:

Appears in 6 contracts

Samples: Navigator Holdings Ltd., Facility Agreement (Quintana Shipping Ltd.), Facility Agreement (Navigator Holdings Ltd.)

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