Common use of Master Swap Agreement, Repayments and Prepayments Clause in Contracts

Master Swap Agreement, Repayments and Prepayments. 4.7.1 Notwithstanding any provision of the Master Agreement to the contrary, in the case of a prepayment of all or part of the Loan, the Lender shall be entitled but not obliged to take any action it deems appropriate in relation to all or any part of the rights, benefits and obligations created by any Transaction and/or the Master Agreement and/or to obtain or re-establish any hedge or related trading position in any manner it may reasonably determine in order to match such Transaction to the amended repayment schedule for the Loan or an Advance.

Appears in 2 contracts

Samples: Agreement (NewLead Holdings Ltd.), Agreement (StealthGas Inc.)

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Master Swap Agreement, Repayments and Prepayments. 4.7.1 Notwithstanding any provision of the Master Agreement to the contrary, in the case of a prepayment of all or part of the Loan, the Lender shall be entitled but not obliged to take any action it deems appropriate in relation to all or any part of the rights, benefits and obligations created by any Transaction and/or the Master Agreement and/or to obtain or re-establish any hedge or related trading position in any manner it may reasonably determine in order to match such Transaction to the amended repayment schedule for the Loan or an AdvanceLoan.

Appears in 1 contract

Samples: Agreement (StealthGas Inc.)

Master Swap Agreement, Repayments and Prepayments. 4.7.1 Notwithstanding any provision of the Master Agreement to the contrary, in the case of a prepayment of all or part of the Loan, the Lender Swap Bank shall be entitled but not obliged to take any action it deems appropriate in relation to all or any part of the rights, benefits and obligations created by any Transaction and/or the Master Agreement and/or to obtain or re-establish any hedge or related trading position in any manner it may reasonably determine in order to match such Transaction to the amended repayment schedule for the Loan or an AdvanceLoan.

Appears in 1 contract

Samples: Agreement (Box Ships Inc.)

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Master Swap Agreement, Repayments and Prepayments. 4.7.1 4.9.1 Notwithstanding any provision of the Master Agreement to the contrary, in the case of a prepayment of all or part of the Loan, the Lender Swap Bank shall be entitled but not obliged to take any action it deems appropriate in relation to all or any part of the rights, benefits and obligations created by any Transaction and/or the Master Agreement and/or to obtain or re-establish any hedge or related trading position in any manner it may reasonably determine in order to match such Transaction to the amended repayment schedule for the Loan or an AdvanceLoan.

Appears in 1 contract

Samples: Agreement (StealthGas Inc.)

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