Deferral of Borrowers’ rights. Until all amounts which may be or become payable by the Borrowers under or in connection with the Finance Documents have been irrevocably paid in full and unless the Facility Agent otherwise directs, no Borrower will exercise any rights which it may have by reason of performance by it of its obligations under the Finance Documents:
Appears in 18 contracts
Samples: Agreement (Global Ship Lease, Inc.), Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Deferral of Borrowers’ rights. Until all amounts which may be or become payable by the Borrowers under or in connection with the Finance Documents have been irrevocably paid in full and unless the Facility Agent otherwise directs, no neither Borrower will exercise any rights which it may have by reason of performance by it of its obligations under the Finance Documents:
Appears in 5 contracts
Samples: Facilities Agreement (Ardmore Shipping Corp), Assignment Agreement (Ardmore Shipping Corp), Banks and Financial Institutions (Okeanis Eco Tankers Corp.)
Deferral of Borrowers’ rights. Until all amounts which may be or become payable by the Borrowers under or in connection with the Finance Documents have been irrevocably paid in full and unless the Facility Agent Lender otherwise directs, no Borrower will exercise any rights which it may have by reason of performance by it of its obligations under the Finance Documents:
Appears in 3 contracts
Samples: Facility Agreement (Seanergy Maritime Holdings Corp.), Facility Agreement (Seanergy Maritime Holdings Corp.), Agreement (Imperial Petroleum Inc./Marshall Islands)
Deferral of Borrowers’ rights. Until all amounts which may be or become payable by the Borrowers under or in connection with the Finance Documents have been irrevocably paid in full and unless the Facility Agent (acting on the instructions of the Majority Lenders) otherwise directs, no Borrower will exercise any rights which it may have by reason of performance by it of its obligations under the Finance Documents:
Appears in 2 contracts
Samples: Assignment Agreement (Global Ship Lease, Inc.), Junior Facility Agreement (Global Ship Lease, Inc.)
Deferral of Borrowers’ rights. Until all amounts which may be or become payable by the Borrowers under or in connection with the Finance Documents have been irrevocably paid in full and unless the Facility Agent acting with the authorisation of the Majority Lenders otherwise directs, no Borrower will exercise any rights which it may have by reason of performance by it of its obligations under the Finance Documents:
Appears in 2 contracts
Samples: Facility Agreement (United Maritime Corp), Facility Agreement (United Maritime Corp)
Deferral of Borrowers’ rights. 24.6.1 Until all amounts which may be or become payable by any of the Borrowers under or in connection with the Finance Documents have been irrevocably paid in full and unless the Facility Agent Lender otherwise directs, no Borrower will exercise any rights which it may have by reason of performance by it of its obligations under the Finance DocumentsDocuments or by reason of any amount being payable, or liability arising, under this clause 24:
Appears in 1 contract
Samples: Facility Agreement
Deferral of Borrowers’ rights. Until all amounts which may be or become payable by the Borrowers under or in connection with the Finance Documents have been irrevocably paid in full and unless the Facility Agent Lender otherwise directs, no neither Borrower will exercise any rights which it may have by reason of performance by it of its obligations under the Finance Documents:
Appears in 1 contract
Deferral of Borrowers’ rights. Until all amounts which may be or become payable by the Borrowers Obligors under or in connection with the Finance Documents have been irrevocably paid in full and unless the Facility Agent or, as the case may be, the Security Agent otherwise directs, no Borrower will exercise any rights which it may have by reason of performance by it of its obligations under the Finance DocumentsDocuments or by reason of any amount being payable or liability arising under this Clause 44:
Appears in 1 contract
Samples: Facility Agreement (Danaos Corp)
