Common use of Interests of Lenders and Swap Banks several Clause in Contracts

Interests of Lenders and Swap Banks several. The rights of the Lenders and the Swap Banks under this Agreement and the Master Agreements are several; accordingly: (a) each Lender shall be entitled to xxx for any amount which has become due and payable by the Borrowers to it under this Agreement; and (b) each Swap Bank shall be entitled to xxx for any amount which has become due and payable by the Borrowers to it under the Master Agreement to which that Swap Bank is a party, without joining the Agent, the Security Trustee, any other Lender and any other Swap Bank as additional parties in the proceedings.

Appears in 2 contracts

Samples: Loan Agreement (Costamare Partners LP), Loan Agreement (Costamare Partners LP)

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Interests of Lenders and Swap Banks several. The rights of the Lenders and the Swap Banks under this Agreement and the each Master Agreements Agreement are several; accordingly: (a) 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; and (b) each Swap Bank shall be entitled to xxx for any amount which has become due and payable by the Borrowers Borrower to it under the Master Agreement to which that Swap Bank is a party, without joining the Agent, the Security Trustee, any other Lender and any or the other Swap Bank as additional parties in the proceedings.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Interests of Lenders and Swap Banks several. The rights of the Lenders and the Swap Banks under this Agreement and the Master Agreements are several; accordingly: (a) 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; and (b) each Swap Bank shall be entitled to xxx for any amount which has become due and payable by the Borrowers Borrower to it under the Master Agreement to which that Swap Bank it is a party, without joining the Agent, the Security Trustee, any other Lender and or any other Swap Bank as additional parties in the proceedings.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

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Interests of Lenders and Swap Banks several. The rights of the Lenders and the each Swap Banks Bank under this Agreement and the Master Agreements are several; accordingly: (a) each Lender shall be entitled to xxx for any amount which has become due and payable by the Borrowers to it under this Agreement; and (b) each Swap Bank shall be entitled to xxx for any amount which has become due and payable by the Borrowers to it under the relevant Master Agreement to which that Swap Bank is a partyAgreement, without joining the Agent, the Security Trustee, any other Lender and any or other Swap Bank as additional parties in the proceedings.

Appears in 1 contract

Samples: Amending and Restating Agreement (Box Ships Inc.)

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