Common use of Individual right of action Clause in Contracts

Individual right of action. Each Lender shall be entitled to xxx for any amount which has become due and payable by the Borrowers to it under this Agreement without joining the Agent, the Security Trustee or any other Lender as additional parties in the proceedings.

Appears in 9 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP), Term Loan Facility Agreement (Navios Maritime Partners L.P.)

AutoNDA by SimpleDocs

Individual right of action. Each Lender shall be entitled to xxx for any amount which has become due and payable by the Borrowers Borrower to it under this Agreement without joining the Agent, the Security Trustee or any other Lender as additional parties in the proceedings.

Appears in 9 contracts

Samples: Amending and Restating Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition Corp)

Individual right of action. Each Lender shall be entitled to xxx for any amount which has become due and payable by the Borrowers Borrower to it under this Agreement without joining the Agent, the Security Trustee or Trustee, any other Lender as additional parties in the proceedings.

Appears in 3 contracts

Samples: Facility Agreement (Navios Maritime Containers Inc.), Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Acquisition CORP)

Individual right of action. Each Lender shall be entitled to xxx for any amount which has become due and payable by the Borrowers to it under this Agreement without joining the Agent, the Security Trustee or Trustee, any other Lender as additional parties in the proceedings.

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP)

AutoNDA by SimpleDocs

Individual right of action. Each Lender shall be entitled to xxx for any amount which has become due and payable by the Borrowers any Borrower to it under this Agreement without joining the Agent, the Security Trustee or Trustee, any other Lender as additional parties in the proceedings.

Appears in 1 contract

Samples: Supplemental Agreement (Navios Maritime Containers Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!