Common use of No Security Interest Clause in Contracts

No Security Interest. This Clause gives the Lender a contractual right of set-off only, and does not create any equitable charge or other Security Interest over any credit balance of the Borrower.

Appears in 4 contracts

Samples: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)

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No Security Interest. This Clause 13 gives the Lender a contractual right of set-off only, and does not create any equitable charge or other Security Interest over any credit balance of the BorrowerGuarantor.

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

No Security Interest. This Clause ( Set-off ) gives the Lender Creditor Parties a contractual right of set-off only, and does not create any equitable charge or other Security Interest over any credit balance of the any Borrower.

Appears in 1 contract

Samples: Diana Shipping Inc.

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No Security Interest. This Clause 23 gives the Lender a contractual right of set-off only, and does not create any equitable charge or other Security Interest over any credit balance of the any Borrower.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

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