Principal debtors. 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 36 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)
Principal debtors. 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 21 contracts
Samples: Loan Agreement (Castor Maritime Inc.), Loan Agreement (Castor Maritime Inc.), Loan Agreement (Navios Maritime Containers Inc.)
Principal debtors. 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 Borrowers under this Agreement.
Appears in 6 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Partners L.P.)
Principal debtors. 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 5 contracts
Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Paragon Shipping Inc.)
Principal debtors. 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 other Borrower under this Agreement.
Appears in 4 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Box Ships Inc.), Facility Agreement (NewLead Holdings Ltd.)
Principal debtors. Each Borrower Obligor 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 Obligor shall in any circumstances be construed to be a surety for the obligations of any other Borrower Obligor under this Agreement.
Appears in 3 contracts
Samples: Guarantee Facility Agreement (TBS International PLC), Guarantee Facility Agreement (TBS International LTD), Guarantee Facility Agreement (TBS International LTD)
Principal debtors. 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 the Borrower shall in any circumstances be construed to be a surety for the obligations of any the other Borrower under this Agreement.
Appears in 3 contracts
Samples: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.)
Principal debtors. 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 other Finance Documents to which it is a party and no Borrower shall in any circumstances be construed to be a surety for the obligations of any other Borrower under this AgreementAgreement or the other Finance Documents.
Appears in 2 contracts
Samples: Loan Agreement (TBS International LTD), Loan Agreement (TBS International LTD)
Principal debtors. 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 Borrowers shall in any circumstances be construed to be a surety for the obligations of any of the other Borrower under this Agreement.
Appears in 2 contracts
Samples: Loan Agreement (Costamare Partners LP), Loan Agreement (Costamare Partners LP)
Principal debtors. 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 none of the Borrowers shall in any circumstances be construed to be a surety for the obligations of any other Borrower under this Agreement.
Appears in 2 contracts
Samples: Loan Agreement (Global Ship Lease, Inc.), Amending and Restating Agreement (Poseidon Containers Holdings Corp.)
Principal debtors. 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 none of the Borrowers shall in any circumstances be construed to be a surety for the obligations of any the other Borrower under this Agreement.
Appears in 2 contracts
Samples: Amending and Restating Deed, Amending and Restating Deed (Global Ship Lease, Inc.)
Principal debtors. Each Subject to Clause 29.2, 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 2 contracts
Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)
Principal debtors. 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 other Finance Documents or the Master Agreements 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 debtors. 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 Borrowers under this Agreement.
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)
Principal debtors. Each Borrower Obligor 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 Obligor shall in any circumstances be construed to be a surety for the obligations of any the other Borrower Obligor under this Agreement.
Appears in 1 contract
Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and Agreement, the Finance Documents and any Master Agreement and no Borrower shall shall, in any circumstances circumstances, be construed to be a surety for the obligations of any other Borrower under this Agreement.
Appears in 1 contract
Samples: Loan Agreement (GasLog Ltd.)
Principal debtors. 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 of the other Borrower Borrowers under this Agreement.
Appears in 1 contract
Samples: Supplemental Agreement (Navios Maritime Containers Inc.)
Principal debtors. 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 none of the Borrowers shall in any circumstances be construed to be a surety for the obligations of any the other Borrower under this Agreement.
Appears in 1 contract
Samples: Second Amending and Restating Deed (Global Ship Lease, Inc.)
Principal debtors. 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. For the avoidance of doubt, this is without prejudice to the provisions of Clause 28.6.
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)
Principal debtors. 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 payment of the Outstanding Indebtedness and no Borrower shall in any circumstances be construed to be a surety for the obligations of any the other Borrower under this Agreementhereunder.
Appears in 1 contract
Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)
Principal debtors. Each Borrower of the Borrowers declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement the payment of the Outstanding Indebtedness and neither of the Finance Documents and no Borrower Borrowers shall in any circumstances be construed to be a surety for the obligations of any the other Borrower under this Agreementhereunder.
Appears in 1 contract
Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)
Principal debtors. 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 other Finance Documents or the Master Agreements 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 debtors. 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
Samples: Loan Agreement (Diana Shipping Inc.)
