Common use of Insufficient Balance Clause in Contracts

Insufficient Balance. For the avoidance of doubt, in the event that such balance is insufficient to pay in full the whole of the Outstanding Indebtedness, the Lender shall be entitled to collect the shortfall from the Borrower or any other person liable therefor.

Appears in 5 contracts

Samples: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Performance Shipping Inc.), Loan Agreement (Seanergy Maritime Holdings Corp.)

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Insufficient Balance. For the avoidance of doubt, in the event that such balance is insufficient to pay in full the whole of the Outstanding Indebtedness, the Lender shall be entitled to collect the shortfall from the Borrower Borrowers or any other person liable therefor.

Appears in 1 contract

Samples: Agreement (Imperial Petroleum Inc./Marshall Islands)

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