Common use of Position of Swap Banks Clause in Contracts

Position of Swap Banks. Neither the Agent nor the Security Trustee shall be obliged, in connection with any action taken or proposed to be taken under or pursuant to the foregoing provisions of this Clause 19, to have any regard to the requirements of either Swap Bank except to the extent that that Swap Bank is also a Lender.

Appears in 2 contracts

Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)

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Position of Swap Banks. Neither the Agent nor the Security Trustee shall be obliged, in connection with any action taken or proposed to be taken under or pursuant to the foregoing provisions of this Clause 19, to have any regard to the requirements of either a Swap Bank except to the extent that that such Swap Bank is also a Lender.

Appears in 2 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Position of Swap Banks. Neither the Agent nor the Security Trustee shall be obliged, in connection with any action taken or proposed to be taken under or pursuant to the foregoing provisions of this Clause 19, to have any regard to the requirements of either the Swap Bank Banks except to the extent that that the Swap Bank is Banks are also a LenderLenders.

Appears in 2 contracts

Samples: Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Position of Swap Banks. Neither the Agent nor the Security Trustee shall be obliged, in connection with any action taken or proposed to be taken under or pursuant to the foregoing provisions of this Clause 19, to have any regard to the requirements of either any of the Swap Bank Banks except to the extent that that such Swap Bank is also a Lender.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Position of Swap Banks. Neither the Agent nor the Security Trustee shall be obliged, in connection with any action taken or proposed to be taken under or pursuant to the foregoing provisions of this Clause 1919 (Events of Default), to have any regard to the requirements of either any of the Swap Bank Banks except to the extent that that such Swap Bank is also a Lender.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

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Position of Swap Banks. Neither the Agent nor the Security Trustee shall be obliged, in connection with any action taken or proposed to be taken under or pursuant to the foregoing provisions of this Clause 19, to have any regard to the requirements of either any Swap Bank except to the extent that that a Swap Bank is also a Lender.

Appears in 1 contract

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Position of Swap Banks. Neither the Agent nor the Security Trustee shall be obliged, in connection with any action taken or proposed to be taken under or pursuant to the foregoing provisions of this Clause 19, to have any regard to the requirements of either any Swap Bank except to the extent that that Swap Bank is also a Lender.

Appears in 1 contract

Samples: Loan Agreement (Britannia Bulk Holdings Inc)

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