Interests several. Notwithstanding any other term of this Agreement (but without prejudice to the provisions of this Agreement relating to or requiring action by the Majority Banks) the interests of the Creditors are several and the amount due to any Creditor is a separate and independent debt. Each Creditor shall have the right to protect and enforce its rights arising out of this Agreement and it shall not be necessary for any other Creditor to be joined as an additional party in any proceedings for this purpose.
Appears in 29 contracts
Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.), Corporations and Companies (Aegean Marine Petroleum Network Inc.)
Interests several. Notwithstanding any other term of this Agreement (but without prejudice to the provisions of this Agreement relating to or requiring action by the Majority Banks) the interests of the Creditors are several and the amount due to any Creditor is a separate and independent debt. Each No Creditor however shall have the right to protect and enforce its rights arising out of this Agreement except with the prior written consent of the Majority Banks. If however such consent by the Majority Banks is given and a Creditor takes any such action, it shall not be necessary for any other Creditor to be joined as an additional party in any proceedings for this purpose.
Appears in 3 contracts
Samples: Facility Agreement (Costamare Partners LP), Facility Agreement (Costamare Partners LP), Costamare Inc.
Interests several. Notwithstanding any other term of this Agreement (but without prejudice to the provisions of this Agreement relating to or requiring action by the Majority Banks) the interests of the Creditors are several and the amount due to any Creditor is a separate and independent debt. Each No Creditor however shall have the right to protect and enforce its rights arising out of this Agreement and other than with the prior written consent of the Majority Banks but, provided such consent has been obtained, it shall not be necessary for any other Creditor to be joined as an additional party in any proceedings for this purpose.
Appears in 2 contracts
Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)
Interests several. Notwithstanding any other term of this Agreement (but without prejudice to the provisions of this Agreement relating to or requiring action by the Majority Banks) the interests of the Creditors are several and the amount due to any Creditor is a separate and independent debt. Each Creditor shall have the right to protect and enforce its rights arising out of this Agreement and it shall not be necessary for any other Creditor to be joined as an additional party in any proceedings Proceedings for this purpose.
Appears in 2 contracts
Samples: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)
Interests several. Notwithstanding any other term of this Agreement (but without prejudice to the provisions of this Agreement relating to or requiring action by the Majority BanksLenders) the interests of the Creditors are several and the amount due to any Creditor is a separate and independent debt. Each Creditor shall have the right to protect and enforce its rights arising out of this Agreement and it shall not be necessary for any other Creditor to be joined as an additional party in any proceedings for this purpose.
Appears in 2 contracts
Samples: Seanergy Maritime Holdings Corp., Seanergy Maritime Holdings Corp.
Interests several. Notwithstanding any other term of this Agreement (but without prejudice to the provisions of this Agreement relating to or requiring action by the Majority BanksLenders) the interests of the Creditors Creditor Parties are several and the amount due to any Creditor Party is a separate and independent debt. Each Creditor Party shall have the right to protect and enforce its rights arising out of this Agreement and it shall not be necessary for any other Creditor Party to be joined as an additional party in any proceedings Proceedings for this purpose.
Appears in 1 contract
Samples: Navios Maritime Acquisition CORP
Interests several. Notwithstanding any other term of this Agreement (but without prejudice to the provisions of this Agreement relating to or requiring action by the Majority BanksLenders) the interests of the Creditors Creditor Parties are several and the amount due to any Creditor Party is a separate and independent debt. Each Creditor Party shall have the right to protect and enforce its rights arising out of this Agreement and it shall not be necessary for any other Creditor Party to be joined as an additional party in any proceedings Proceedings for this purpose.
Appears in 1 contract
