Liability unconditional. None of the obligations or liabilities of the Borrowers under any Security Document shall be discharged or reduced by reason of: 18.4.1 the death, bankruptcy, unsoundness of mind, insolvency, liquidation, dissolution, winding-up, administration, receivership, amalgamation, reconstruction or other incapacity of any person whatsoever (including, in the case of a partnership, a termination or change in the composition of the partnership) or any change of name or style or constitution of any Borrower or any other person liable; 18.4.2 any Bank granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting, varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any Borrower or any other person liable; or 18.4.3 anything done or omitted which but for this provision might operate to exonerate the Borrowers or all of them.
Appears in 8 contracts
Samples: Facility Agreement for a Term Loan Facility (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Acquisition CORP)
Liability unconditional. None of the obligations or liabilities of the Borrowers under any Security Document shall be discharged or reduced by reason of:
18.4.1 17.4.1 the death, bankruptcy, unsoundness of mind, insolvency, liquidation, dissolution, winding-up, administration, receivership, amalgamation, reconstruction or other incapacity of any person whatsoever (including, in the case of a partnership, a termination or change in the composition of the partnership) or any change of name or style or constitution of any either Borrower or any other person liable;
18.4.2 any 17.4.2 the Bank granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any either Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting, varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any either Borrower or any other person liable; or
18.4.3 17.4.3 anything done or omitted which but for this provision might operate to exonerate the Borrowers or all either of them.
Appears in 7 contracts
Samples: Facility Agreement, Facility Agreement, Facility Agreement (Navios Maritime Acquisition CORP)
Liability unconditional. None of the obligations or liabilities of the Borrowers under any Security Document shall be discharged or reduced by reason of:
18.4.1 the death, bankruptcy, unsoundness of mind, insolvency, liquidation, dissolution, winding-up, administration, receivership, amalgamation, reconstruction or other incapacity of any person whatsoever (including, in the case of a partnership, a termination or change in the composition of the partnership) or any change of name or style or constitution of any either Borrower or any other person liable;
18.4.2 any Bank granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any either Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting, varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any either Borrower or any other person liable; or
18.4.3 anything done or omitted which but for this provision might operate to exonerate the Borrowers or all both of them.
Appears in 7 contracts
Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement, Facility Agreement (Navios Maritime Holdings Inc.)
Liability unconditional. None of the obligations or liabilities of the Borrowers under any Security Document shall be discharged or reduced by reason of:
18.4.1 the death, bankruptcy, unsoundness of mind, insolvency, liquidation, dissolution, winding-up, administration, receivership, amalgamation, reconstruction or other incapacity of any person whatsoever (including, in the case of a partnership, a termination or change in the composition of the partnership) or any change of name or style or constitution of any Borrower or any other person liable;
18.4.2 any Bank Creditor Party granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting, varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any Borrower or any other person liable; or
18.4.3 anything done or omitted which but for this provision might operate to exonerate the Borrowers or all of them.
Appears in 2 contracts
Samples: Facility Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Acquisition CORP)
Liability unconditional. None of the obligations or liabilities of the Borrowers under this Agreement or any other Security Document shall be discharged or reduced by reason of:
18.4.1 (a) the death, bankruptcy, unsoundness of mind, insolvency, liquidation, dissolution, winding-up, administration, receivership, amalgamation, reconstruction or other incapacity of any person whatsoever (including, in the case of a partnership, a termination or change in the composition of the partnership) or any change of name or style or constitution of any a Borrower or any other person liable;
18.4.2 any (b) the Bank granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any a Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting, varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any a Borrower or any other person liable; or
18.4.3 (c) anything done or omitted which but for this provision might operate to exonerate the Borrowers or all any of them.
Appears in 2 contracts
Samples: Loan Agreement (Top Tankers Inc.), Junior Loan Agreement (FreeSeas Inc.)
Liability unconditional. None of the obligations or liabilities of the Borrowers under this Agreement or any other Security Document shall be discharged or reduced by reason of:
18.4.1 (a) the death, bankruptcy, unsoundness of mind, insolvency, liquidation, dissolution, winding-up, administration, receivership, amalgamation, reconstruction or other incapacity of any person whatsoever (including, in the case of a partnership, a termination or change in the composition of the partnership) or any change of name or style or constitution of any Borrower or any other person liable;
18.4.2 any (b) the Bank granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any either Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting, varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any Borrower or any other person liable; or
18.4.3 (c) anything done or omitted which but for this provision might operate to exonerate the Borrowers or all any of them.
Appears in 2 contracts
Samples: Supplemental Agreement, Supplemental Agreement (Gala Properties Inc.)
Liability unconditional. None of the obligations or liabilities of the Borrowers Borrower under any Security Document shall be discharged or reduced by reason of:
18.4.1 18.1.1 the death, bankruptcy, unsoundness of mind, insolvency, liquidation, dissolution, winding-up, administration, receivership, amalgamation, reconstruction or other incapacity of any person whatsoever (including, in the case of a partnership, a termination or change in the composition of the partnership) or any change of name or style or constitution of any Borrower or any other person liable;
18.4.2 any Bank 18.1.2 the Agent (acting on the instructions of the Banks) granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting, varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any Borrower or any other person liable; or
18.4.3 18.1.3 anything done or omitted which but for this provision might operate to exonerate the Borrowers or all of themany other person liable.
Appears in 2 contracts
Samples: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)
Liability unconditional. None of the obligations or liabilities of the Borrowers under any Security Document shall be discharged or reduced by reason of:
18.4.1 19.4.1 the death, bankruptcy, unsoundness of mind, insolvency, liquidation, dissolution, winding-up, administration, receivership, amalgamation, reconstruction or other incapacity of any person whatsoever (including, in the case of a partnership, a termination or change in the composition of the partnership) or any change of name or style or constitution of any Borrower or any other person liable;
18.4.2 any Bank 19.4.2 the Lender granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting, varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any Borrower or any other person liable; or
18.4.3 19.4.3 anything done or omitted which but for this provision might operate to exonerate the Borrowers or all any of them.
Appears in 2 contracts
Samples: Facility Agreement (Euroseas Ltd.), Facility Agreement (EuroDry Ltd.)
Liability unconditional. None of the obligations or liabilities of the Borrowers under any Security Document shall be discharged or reduced by reason of:
18.4.1 17.4.1 the death, bankruptcy, unsoundness of mind, insolvency, liquidation, dissolution, winding-winding- up, administration, receivership, amalgamation, reconstruction or other incapacity of any person whatsoever (including, in the case of a partnership, a termination or change in the composition of the partnership) or any change of name or style or constitution of any either Borrower or any other person liable;
18.4.2 any Bank 17.4.2 the Lender granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any either Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting, varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any either Borrower or any other person liable; or
18.4.3 17.4.3 anything done or omitted which but for this provision might operate to exonerate the Borrowers or all either of them.
Appears in 1 contract
Liability unconditional. None of the obligations or liabilities of the Borrowers under any Security Document shall be discharged or reduced by reason of:
18.4.1 the death, bankruptcy, unsoundness of mind, insolvency, liquidation, dissolution, winding-up, administration, receivership, amalgamation, reconstruction or other incapacity of any person whatsoever (including, in the case of a partnership, a termination or change in the composition of the partnership) or any change of name or style or constitution of any either Borrower or any other person liable;
18.4.2 any Bank granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any either Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting, varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any either Borrower or any other person liable; or
18.4.3 anything done or omitted which but for this provision might operate to exonerate the Borrowers or all either of them.
Appears in 1 contract
Liability unconditional. None of the obligations or liabilities of the Borrowers under any Security Document shall be discharged or reduced by reason of:
18.4.1 17.4.1 the death, bankruptcy, unsoundness of mind, insolvency, liquidation, dissolution, winding-up, administration, receivership, amalgamation, reconstruction or other incapacity of any person whatsoever (including, in the case of a partnership, a termination or change in the composition of the partnership) or any change of name or style or constitution of any Borrower or any other person liable;
18.4.2 any 17.4.2 the Bank granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any either Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting, varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any Borrower or any other person liable; or
18.4.3 17.4.3 anything done or omitted which but for this provision might operate to exonerate the Borrowers or all any of them.
Appears in 1 contract
Liability unconditional. None of the obligations or liabilities of the Borrowers under any Security Document shall be discharged or reduced by reason of:
18.4.1 22.4.1 the death, bankruptcy, unsoundness of mind, insolvency, liquidation, dissolution, winding-up, administration, receivership, amalgamation, reconstruction or other incapacity of any person whatsoever (including, in the case of a partnership, a termination or change in the composition of the partnership) or any change of name or style or constitution of any Borrower or any other person liable;
18.4.2 any Bank 22.4.2 the Lender granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting, varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any either Borrower or any other person liable; or
18.4.3 22.4.3 anything done or omitted which but for this provision might operate to exonerate the Borrowers or all any of them.
Appears in 1 contract
Liability unconditional. None of the obligations or liabilities of the Borrowers under any Security Document shall be discharged or reduced by reason of:
18.4.1 the death, bankruptcy, unsoundness of mind, insolvency, liquidation, dissolution, winding-up, administration, receivership, amalgamation, reconstruction or other incapacity of any person whatsoever (including, in the case of a partnership, a termination or change in the composition of the partnership) or any change of name or style or constitution of any either Borrower or any other person liableSecurity Party;
18.4.2 any Bank granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any either Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting, varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any either Borrower or any other person liableSecurity Party; or
18.4.3 anything done or omitted which but for this provision might operate to exonerate the Borrowers or all both of them.
Appears in 1 contract
Liability unconditional. None of the obligations or liabilities of the Borrowers Borrower under any Security Document shall be discharged or reduced by reason of:
18.4.1 18.2.1 the death, bankruptcy, unsoundness of mind, insolvency, liquidation, dissolution, winding-up, administration, receivership, amalgamation, reconstruction or other incapacity of any person whatsoever (including, in the case of a partnership, a termination or change in the composition of the partnership) or any change of name or style or constitution of any the Borrower or any other person liable;
18.4.2 18.2.2 any Bank granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any the Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting, varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any the Borrower or any other person liable; or
18.4.3 18.2.3 anything done or omitted which but for this provision might operate to exonerate the Borrowers or all of themBorrower.
Appears in 1 contract
Liability unconditional. None of the obligations or liabilities of the Borrowers Borrower under any Security Document shall be discharged or reduced by reason of:
18.4.1 18.1.1 the death, bankruptcy, unsoundness of mind, insolvency, liquidation, dissolution, winding-up, administration, receivership, amalgamation, reconstruction or other incapacity of any person whatsoever (including, in the case of a partnership, a termination or change in the composition of the partnership) or any change of name or style or constitution of any the Borrower or any other person liable;
18.4.2 18.1.2 any Bank granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any the Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting, varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any the Borrower or any other person liable; or
18.4.3 18.1.3 anything done or omitted which but for this provision might operate to exonerate the Borrowers or all of themBorrower.
Appears in 1 contract
Samples: Facility Agreement for a Term Loan Facility (Navios Maritime Acquisition CORP)
Liability unconditional. None of the obligations or liabilities of the Borrowers under this Agreement or any other Security Document shall be discharged or reduced by reason of:
18.4.1 (a) the death, bankruptcy, unsoundness of mind, insolvency, liquidation, dissolution, winding-up, administration, receivership, amalgamation, reconstruction or other incapacity of any person whatsoever (including, in the case of a partnership, a termination or change in the composition of the partnership) or any change of name or style or constitution of any a Borrower or any other person liable;; or
18.4.2 any (b) the Bank granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any a Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting, varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any a Borrower or any other person liable; or
18.4.3 (c) anything done or omitted which but for this provision might operate to exonerate the Borrowers or all either of them.
Appears in 1 contract
Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.)
Liability unconditional. None of the obligations or liabilities of the Borrowers under this Agreement or any other Security Document shall be discharged or reduced by reason of:
18.4.1 (a) the death, bankruptcy, unsoundness of mind, insolvency, liquidation, dissolution, winding-up, administration, receivership, amalgamation, reconstruction or other incapacity of any person whatsoever (including, in the case of a partnership, a termination or change in the composition of the partnership) or any change of name or style or constitution of any a Borrower or any other person liable;; or
18.4.2 any (b) the Bank granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any a Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting, varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any a Borrower or any other person liable; or
18.4.3 (c) anything done or omitted which but for this provision might operate to exonerate the Borrowers or all any of them.
Appears in 1 contract
Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.)
Liability unconditional. None of the obligations or liabilities of the Borrowers either Borrower under this Agreement or any other Security Document shall be discharged or reduced by reason of:
18.4.1 (a) the death, bankruptcy, unsoundness of mind, insolvency, liquidation, dissolution, winding-up, administration, receivership, amalgamation, reconstruction or other incapacity of any person whatsoever (including, in the case of a partnership, a termination or change in the composition of the partnership) or any change of name or style or constitution of any the other Borrower or any other person liable;
18.4.2 any (b) the Bank granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any the other Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting, varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any the other Borrower or any other person liable; or
18.4.3 (c) anything done or omitted which but for this provision might operate to exonerate the Borrowers or all of themBorrower.
Appears in 1 contract
Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.)
Liability unconditional. None of the obligations or liabilities of the Borrowers under any Security Document shall be discharged or reduced by reason of:
18.4.1 17.4.1 the death, bankruptcy, unsoundness of mind, insolvency, liquidation, dissolution, winding-up, administration, receivership, amalgamation, reconstruction or other incapacity of any person whatsoever (including, in the case of a partnership, a termination or change in the composition of the partnership) or any change of name or style or constitution of any Borrower or any other person liable;
18.4.2 any 17.4.2 the Bank granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting, varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any Borrower or any other person liable; or
18.4.3 17.4.3 anything done or omitted which but for this provision might operate to exonerate the Borrowers or all any of them.
Appears in 1 contract