Principal Debtor. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no Borrower shall, in any circumstances, be construed to be a surety for the obligations of any other Borrower under this Agreement.
Appears in 27 contracts
Samples: Agreement (Global Ship Lease, Inc.), Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (United Maritime Corp)
Principal Debtor. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no neither Borrower shall, in any circumstances, be construed to be a surety for the obligations of any the other Borrower under this Agreement.
Appears in 5 contracts
Samples: Facilities Agreement (Ardmore Shipping Corp), Facility Agreement (Castor Maritime Inc.), Assignment Agreement (Ardmore Shipping Corp)
Principal Debtor. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no Borrower shall, in any circumstances, be construed to be a surety for the obligations of any the other Borrower under this Agreement.
Appears in 4 contracts
Samples: Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Assignment Agreement (Star Bulk Carriers Corp.)
Principal Debtor. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no Borrower shall, in any circumstances, be construed to be a surety for the obligations of any other Borrower under this Agreement.
Appears in 1 contract
Principal Debtor. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no Borrower shall, none of the Borrowers shall in any circumstances, circumstances be construed to be a surety for the obligations of any the other Borrower under this Agreement.
Appears in 1 contract
Samples: Agreement (Imperial Petroleum Inc./Marshall Islands)
