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. (b) The Parallel Debt of an Obligor:
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Sources: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.), Facility Agreement (Scorpio Tankers Inc.)
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 the amounts payable by it to the Finance Parties in respect of the Corresponding Debt.
(b) The Parallel Debt of an Obligor:
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Parallel Debt (Covenant to pay. the Security Agent)
(a) 27.14.1 Each Borrower and each Guarantor shall, and shall procure that each other Obligor irrevocably and unconditionally undertakes to shall, pay to the Security Agent its Parallel Debt which shall be amounts in an amount equal to, and in the currency or currencies of, its Corresponding Debt.
(b) The Parallel Debt of an Obligor:
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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.
Debt subject to the terms of sub-paragraph (bd) The of this Clause 31.2 (Parallel Debt of an Obligor:(Covenant to pay the Security Agent)).
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