Common use of Prevention of and release from arrest Clause in Contracts

Prevention of and release from arrest. The Borrower shall promptly discharge or contest in good faith with appropriate proceedings:

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

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Prevention of and release from arrest. The Each Borrower shall promptly discharge or (or, in the case of (i) below, contest in good faith with appropriate proceedingsfaith) discharge:

Appears in 2 contracts

Samples: Facility Agreement (Pangaea Logistics Solutions Ltd.), Facility Agreement (Quartet Holdco Ltd.)

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