Other specific obligations. (a) Any requirement of Clause 21 (Financial Covenants) is not satisfied. (b) A Security Party does not comply with any obligation in a Finance Document relating to the Insurances or with Clause 17.5 (Additional security). (c) The Borrowers do not comply with Clauses 7.6.1 or 7.6.2 (Mandatory prepayment on sale or Total Loss)
Appears in 3 contracts
Samples: Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC)
Other specific obligations. (ai) Any requirement of Clause 21 20 (Financial Covenants) is not satisfied.
(bii) A Security Party does not comply with any obligation in a Finance Document relating to the Insurances or Insurances, with Clause 17.5 17.10 (Additional security) and Clause 21.28 (Ownership of Collateral Owners)).
(c) The Borrowers do not comply with Clauses 7.6.1 or 7.6.2 (Mandatory prepayment on sale or Total Loss)
Appears in 2 contracts
Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Other specific obligations. (a) Any requirement of Clause 21 (Financial Covenants) is not satisfied.
(b) A Security Party does not comply with any obligation in a Finance Document relating to the Insurances or with Clause 17.5 17.14 (Additional security) or with Clause 22.21 (No change in ownership of Borrower).
(c) The Borrowers do not comply with Clauses 7.6.1 or 7.6.2 (Mandatory prepayment on sale or Total Loss)
Appears in 2 contracts
Samples: Secured Loan Agreement, Secured Loan Agreement (HC2 Holdings, Inc.)
Other specific obligations. (a) Any requirement of Clause 21 20 (Financial Covenants) is not satisfied.
(b) A Security Party does not comply with any obligation in a Finance Document relating to the Insurances or with Clause 17.5 17.10 (Additional security).
(c) The Borrowers do not comply with Clauses 7.6.1 or 7.6.2 (Mandatory prepayment on sale or Total Loss)
Appears in 1 contract
Other specific obligations. (a) Any requirement of Clause 21 22 (Financial Covenants) is not satisfied.
(b) A Security Party An Obligor does not comply with any obligation in a Finance Document relating to the Insurances or Insurances, with Clause 17.5 (Additional security).
(c) The Borrowers do not comply with Clauses 7.6.1 or 7.6.2 7.5 (Mandatory prepayment on sale or Total Loss) or with Clause 18.1 (Additional Security).
Appears in 1 contract
Other specific obligations. (a) Any requirement of Clause 21 (Financial Covenants) is not satisfied.
(b) A Security Party does not comply with any obligation in a Finance Document relating to the Insurances or with Clause 17.5 17.13 (Additional security).
(c) The Borrowers do not comply with Clauses 7.6.1 or 7.6.2 (Mandatory prepayment on sale or Total Loss)
Appears in 1 contract
Other specific obligations. (a) Any requirement of Clause 21 (Financial Covenants) is not satisfied.
(b) A Security Party does not comply with any obligation in a Finance Document relating to the Insurances or with Clause 17.5 17.3 (Additional security).
(c) The Borrowers do not comply with Clauses 7.6.1 or 7.6.2 (Mandatory prepayment on sale or Total Loss)
Appears in 1 contract
Samples: Second Supplemental Agreement to a Secured Loan Agreement (Scorpio Tankers Inc.)
Other specific obligations. (a) Any requirement of Clause 21 20 (Financial Covenants) is not satisfied.
(b) A Security Party does not comply with any obligation in a Finance Document relating to the Insurances or with Clause 17.5 17.14 (Additional security).
(c) The Borrowers do not comply with Clauses 7.6.1 or 7.6.2 (Mandatory prepayment on sale or Total Loss)
Appears in 1 contract
Samples: Secured Loan Agreement (Genco Shipping & Trading LTD)
