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Common use of No Release Clause in Contracts

No Release. For the avoidance of doubt it is hereby declared that failure by any Recovering Lender to comply with the provisions of clause 13.3 shall not release any other Recovering Lender from any of its obligations or liabilities under clause 13.3.

Appears in 37 contracts

Samples: Facility Agreement for a Term Loan Facility (Navios Maritime Partners L.P.), Facility Agreement (EuroDry Ltd.), Facility Agreement (Euroseas Ltd.)

No Release. For the avoidance of doubt it is hereby declared that failure by any Recovering Lender to comply with the provisions of clause 13.3 14.2 shall not release any other Recovering Lender from any of its obligations or liabilities under clause 13.314.2.

Appears in 4 contracts

Samples: Project Loan Agreement, Project Loan Agreement (QGOG Constellation S.A.), Project Loan Agreement (QGOG Constellation S.A.)

No Release. For the avoidance of doubt it is hereby declared that failure by any Recovering Lender to comply with the provisions of clause 13.3 18.3 shall not release any other Recovering Lender from any of its obligations or liabilities under clause 13.318.3.

Appears in 2 contracts

Samples: On Delivery Facility Agreement (Paragon Shipping Inc.), On Delivery Buyer Credit Facility Agreement (DryShips Inc.)

No Release. For the avoidance of doubt it is hereby declared that failure by any Recovering Lender to comply with the provisions of clause 13.3 15.2 shall not release any other Recovering Lender from any of its obligations or liabilities under clause 13.315.2.

Appears in 1 contract

Samples: Loan Agreement (Carrier1 International S A)

No Release. For the avoidance of doubt it is hereby declared that failure by any Recovering Lender to comply with the provisions of clause 13.3 0 shall not release any other Recovering Lender from any of its obligations or liabilities under clause 13.30.

Appears in 1 contract

Samples: Facility Agreement (Gulfmark Offshore Inc)

No Release. For the avoidance of doubt it is hereby declared that failure by any Recovering Lender to comply with the provisions of clause 13.3 14.6 shall not release any other Recovering Lender from any of its obligations or liabilities under clause 13.314.6.

Appears in 1 contract

Samples: Term Loan Facility Agreement (Danaos Corp)