Common use of Disposition of Collateral Without Release Clause in Contracts

Disposition of Collateral Without Release. (a) Notwithstanding the provisions of Section 11.04, so long as no Event of Default shall have occurred and be continuing, a Co-Issuer or any Future Mortgaged Vessel Guarantor may, without any release or consent by the Trustee or the Collateral Trustee:

Appears in 3 contracts

Samples: Intercreditor Agreement (Navios Maritime Holdings Inc.), Supplemental Indenture (Navios Maritime Holdings Inc.), Indenture (Navios Maritime Holdings Inc.)

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Disposition of Collateral Without Release. (a) Notwithstanding the provisions of Section 11.04, so long as no Event of Default shall have occurred and be continuing, a Co-Issuer or any Future Mortgaged Vessel Guarantor may, without any release or consent by the Trustee or the Collateral Trustee:

Appears in 3 contracts

Samples: Indenture (Navios Maritime Holdings Inc.), Indenture (Navios Maritime Acquisition CORP), Indenture (Navios Maritime Holdings Inc.)

Disposition of Collateral Without Release. (a) Notwithstanding the provisions of Section 11.0410.22, so long as no Event of Default shall have occurred and be continuing, a Co-Issuer the Company or any Future Mortgaged Vessel Guarantor may, without any release or consent by the Trustee or the Collateral TrusteeAdministrative Agent:

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Navios Maritime Partners L.P.)

Disposition of Collateral Without Release. (a) Notwithstanding the provisions of Section 11.0410.6 and subject to Sections 10.4 and 13.1 below, so long as no Event of Default shall have occurred and be continuingcontinuing or would result therefrom, a Co-Issuer the Company or any Future Mortgaged Vessel Guarantor Guarantors may, without any prior release or consent by the Trustee or the and Collateral TrusteeAgent:

Appears in 2 contracts

Samples: Ryerson Holding Corp, Ryerson International Material Management Services, Inc.

Disposition of Collateral Without Release. (a) Notwithstanding the provisions of Section 11.04Sections 5.9(d) and 10.22, so long as no Event of Default shall have occurred and be continuing, a Co-Issuer the Company or any Future Mortgaged Vessel Guarantor may, without any release or consent by the Trustee or the Collateral TrusteeAdministrative Agent:

Appears in 2 contracts

Samples: Credit Agreement (Navios Maritime Partners L.P.), Credit Agreement (Navios Maritime Midstream Partners LP)

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Disposition of Collateral Without Release. (a) Notwithstanding the provisions of Section 11.04, so long as no Event of Default shall have occurred and be continuing, a Co-the Issuer or any Future Mortgaged Vessel Guarantor may, in accordance with the provisions of this Indenture, without any release or consent by the Trustee or the Collateral TrusteeSecurity Agent:

Appears in 1 contract

Samples: Indenture (Global Ship Lease, Inc.)

Disposition of Collateral Without Release. (a) Notwithstanding the provisions of Section 11.04, so long as no Event of Default shall have occurred and be continuing, a Co-the Issuer or any Future Mortgaged Vessel Guarantor may, in accordance with the provisions of this Indenture, without any release or consent by the Trustee or the Collateral TrusteeSecurity Agent:

Appears in 1 contract

Samples: Indenture (Global Ship Lease, Inc.)

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