Parallel Debt (Covenant to pay the Security Agent. (a) Each Obligor irrevocably and unconditionally undertakes to pay to the Security Agent its Parallel Debt which shall be amounts equal to, and in the currency or currencies of, its Corresponding Debt.
Appears in 20 contracts
Samples: Assignment Agreement (Euroseas Ltd.), Agreement (Global Ship Lease, Inc.), Facility Agreement (United Maritime Corp)
Parallel Debt (Covenant to pay the Security Agent. (a) Each Obligor Borrower irrevocably and unconditionally undertakes to pay to the Security Agent its Parallel Debt which shall be amounts equal to, and in the currency or currencies of, its Corresponding Debt.
Appears in 6 contracts
Samples: Facility Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Parallel Debt (Covenant to pay the Security Agent. (a) Each Obligor irrevocably and unconditionally undertakes to pay to the Security Agent its Parallel Debt which shall be amounts equal to, and in the currency or currencies of, its Corresponding Debt (the "Parallel Debt").
Appears in 1 contract
