Ownership and control of Collateral Owners. Each Collateral Owner is a wholly owned subsidiary of the Borrower and is controlled by the Borrower.
Appears in 3 contracts
Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Safe Bulkers, Inc.
Ownership and control of Collateral Owners. Each Collateral Owner is a wholly owned subsidiary Wholly-Owned Subsidiary of the Borrower and is controlled by the Borrower.
Appears in 1 contract
Samples: Third Supplemental Agreement (Genco Shipping & Trading LTD)
