Common use of Interests of Lenders several Clause in Contracts

Interests of Lenders several. The rights of the Lenders under this Agreement are several; accordingly each Lender shall be entitled to xxx for any amount which has become due and payable by the 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 2 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (DryShips Inc.)

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Interests of Lenders several. The rights of the Lenders 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 Borrower Borrowers to it under this Agreement without joining the Agent, the Security Trustee or any other Lender as additional parties in the proceedingsproceedings save that enforcement proceedings can only be commenced in accordance with the Agency and Trust Deed and not otherwise.

Appears in 1 contract

Samples: Loan Agreement (Alma Maritime LTD)

Interests of Lenders several. The rights of the Lenders under this Agreement are several; accordingly each Lender shall be entitled to xxx for any amount which has become due and payable by the Borrower to it under this Agreement without joining the Agent, the Security Trustee Agent or any other Lender as additional parties in the proceedings.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Interests of Lenders several. The rights of the Lenders under this Agreement are several; accordingly each Lender shall be entitled to xxx sxx for any amount which has become due and payable by the Borrower to it under this Agreement without joining the Agent, the Paying Agent, the Security Trustee or any other Lender as additional parties in the proceedings.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

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Interests of Lenders several. The rights of the Lenders under this Agreement are several; accordingly each Lender shall be entitled to xxx for any amount which has become due and payable by the Borrower to it under this Agreement without joining the Agent, the Security Trustee or and any other Lender as additional parties in the proceedings.

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Carriers Corp.)

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