Curtailment of Business. A Security Party ceases, or threatens to cease, to carry on all or a substantial part of its business or, as a result of intervention by or under the authority of any government, the business of a Security Party is wholly or partially curtailed or suspended, or all or a substantial part of the assets or undertaking of a Security Party is seized, nationalised, expropriated or compulsorily acquired.
Appears in 21 contracts
Samples: Loan Agreement (DHT Holdings, Inc.), Third Supplemental Agreement (Genco Shipping & Trading LTD), Loan Agreement (Poseidon Containers Holdings Corp.)
Curtailment of Business. A Security Party ceases, or threatens to cease, to carry on all or a substantial part of its business or, as a result of intervention intervention. by or under the authority of any government, the business of a Security Party is wholly or partially curtailed or suspended, or all ail or a substantial part of the assets or undertaking of a Security Party is seized, nationalised, expropriated or compulsorily acquired.
Appears in 1 contract
Samples: Loan Agreement (Top Ships Inc.)
Curtailment of Business. A Security Party ceases, or threatens to cease, to carry on all or a substantial part of its business or, as a result of intervention by or under the authority of any government, the business of a Security Party is wholly or partially curtailed or suspended, or all or a substantial part of the assets or undertaking of a Security Party is seized, nationalised, expropriated or compulsorily acquired.of
Appears in 1 contract
Samples: Agreement (Safe Bulkers, Inc.)
