Common use of Parallel Debt (Covenant to pay the Security Agent Clause in Contracts

Parallel Debt (Covenant to pay the Security Agent. to the extent permitted by applicable law, shall be applied in accordance with Clause 38.5 (Application of receipts; partial payments).

Appears in 3 contracts

Sources: Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp), Term, Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp), Term, Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp)

Parallel Debt (Covenant to pay the Security Agent. to the extent permitted by applicable law, shall be applied in accordance with Clause 38.5 32.5 (Application of receipts; partial payments).

Appears in 2 contracts

Sources: Term Loan Facility (Navios Maritime Partners L.P.), Term Loan Facility Agreement (Navios Maritime Partners L.P.)

Parallel Debt (Covenant to pay the Security Agent. to the extent permitted by applicable law, shall be applied in accordance with Clause 38.5 34.5 (Application of receipts; partial payments).

Appears in 2 contracts

Sources: Facility Agreement (Okeanis Eco Tankers Corp.), Term Loan Facility (Navios Maritime Partners L.P.)

Parallel Debt (Covenant to pay the Security Agent. to the extent permitted by applicable law, shall be applied in accordance with Clause 38.5 35.5 (Application of receipts; partial payments).

Appears in 1 contract

Sources: Loan Agreement (International Seaways, Inc.)

Parallel Debt (Covenant to pay the Security Agent. to the extent permitted by applicable law, shall be applied in accordance with Clause 38.5 33.5 (Application of receipts; partial payments).

Appears in 1 contract

Sources: Term Loan Facility Agreement (Okeanis Eco Tankers Corp.)