Preferred Status. Anything herein to the contrary notwithstanding, it is intended that nothing herein shall waive the preferred status of this Mortgage and that, if any provision or portion hereof shall be construed to waive the preferred status of this Mortgage, then such provision or portion to such extent shall be void and of no effect.
Appears in 7 contracts
Samples: On Delivery Facility Agreement (Paragon Shipping Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Quintana Shipping Ltd.)
Preferred Status. Anything herein to the contrary notwithstanding, it is intended that nothing herein shall waive the preferred status of this Mortgage and that, if any provision or portion hereof of this Mortgage shall be construed to waive the its preferred status of this Mortgagestatus, then such provision or portion to such extent shall be void and of no effect.
Appears in 4 contracts
Samples: Loan and Security Agreement (Overseas Shipholding Group Inc), Loan Agreement (Overseas Shipholding Group Inc), Loan and Security Agreement (Great Lakes Dredge & Dock CORP)
Preferred Status. Anything herein to the contrary notwithstanding, it is intended that nothing herein in this Mortgage shall waive the preferred status of this Mortgage and that, if any provision or portion hereof shall be construed to waive the preferred status of this Mortgage, then such provision or portion to such extent shall be void and of no effect.
Appears in 2 contracts
Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Third Supplemental Agreement (Aegean Marine Petroleum Network Inc.)
