No security taken by Guarantor. The Guarantor warrants to the Owner that it has not taken or received, and undertakes, for so long as this Guarantee remains in force, not to take or receive the benefit of any security from the Charterer or any other person in respect of or extending to the Guaranteed Liabilities.
Appears in 2 contracts
Samples: Top Ships Inc., Top Ships Inc.
No security taken by Guarantor. The Guarantor warrants to the Owner Security Trustee that it has not taken or received, and undertakes, for so long as this Guarantee remains in force, not to take or receive the benefit of any security from the Charterer Borrower or any other person in respect of or extending to the Guaranteed Liabilities.
Appears in 2 contracts
Samples: EuroDry Ltd., Pyxis Tankers Inc.
No security taken by Guarantor. The Guarantor warrants to the Owner Lender that it has not taken or received, and undertakes, for so long as this Guarantee remains in force, not to take or receive the benefit of any security from the Charterer Borrower or any other person in respect of or extending to the Guaranteed Liabilities.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
