Interests of Lenders several. The rights of the Creditor Parties under this Agreement are several; accordingly 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 Security Trustee or any other Creditor Party as additional parties in the proceedings, save that the Security Interests created by any of the Finance Documents may only be enforced in accordance with Clause 19.2.
Appears in 3 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)
Interests of Lenders several. The rights of the Creditor Parties under this Agreement are several; accordingly each Lender shall be entitled to xxx sue for any amount which has become due and payable by the Borrowers to it under this Agreement without joining the Security Trustee or any other Creditor Party as additional parties in the proceedings, save that the Security Interests created by any of the Finance Documents may only be enforced in accordance with Clause 19.219.2 (Actions following an Event of Default).
Appears in 2 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)
Interests of Lenders several. The rights of the Creditor Parties under this Agreement are several; accordingly 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 Security Trustee or any other Creditor Party as additional parties in the proceedings, save that the Security Interests created by any of the Finance Documents may only be enforced in accordance with Clause 19.2.. Proceedings by individual Creditor Party However, without the prior consent of the Lenders, no Creditor Party may bring proceedings in respect of:
Appears in 1 contract
Interests of Lenders several. The rights of the Creditor Parties under this Agreement are several; accordingly 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 Security Trustee or any other Creditor Party as additional parties in the proceedings, save that the Security Interests created by any of the Finance Documents may only be enforced in accordance with Clause 19.2.
Appears in 1 contract
