Common use of Ownership of the Obligors Clause in Contracts

Ownership of the Obligors. (a) A Borrower is not or ceases to be a 100 per cent. directly or indirectly owned Subsidiary of the Guarantor.

Appears in 4 contracts

Samples: Facility Agreement (United Maritime Corp), Facility Agreement (United Maritime Corp), Assignment Agreement (United Maritime Corp)

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Ownership of the Obligors. (a) A The Borrower is not or ceases to be a 100 per cent. directly or indirectly owned Subsidiary of the Guarantor.

Appears in 1 contract

Samples: Assignment Agreement (Pyxis Tankers Inc.)

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Ownership of the Obligors. (a) A Borrower is not or ceases to be a 100 per cent. directly or indirectly owned Subsidiary of the Guarantor.Guarantor A.

Appears in 1 contract

Samples: Facility Agreement (Navios South American Logistics Inc.)

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