Common use of Proceedings by individual Creditor Party Clause in Contracts

Proceedings by individual Creditor Party. However, without the prior consent of the Lenders, no Creditor Party may bring proceedings in respect of: (a) any other liability or obligation of any Borrower or a Security Party under or connected with a Finance Document; or (b) any misrepresentation or breach of warranty by any Borrower or a Security Party in or connected with a Finance Document.

Appears in 3 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

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Proceedings by individual Creditor Party. However, without the prior consent of the Lenders, no Creditor Party may bring proceedings in respect of: (a) any other liability or obligation of any either Borrower or a Security Party under or connected with a Finance Document; or (b) any misrepresentation or breach of warranty by any either Borrower or a Security Party in or connected with a Finance Document.

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

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Proceedings by individual Creditor Party. However, without the prior consent of the Lenders, no Creditor Party may bring proceedings in respect of: (a) any other liability or obligation of any the Borrower or a Security Party under or connected with a Finance Document; or (b) any misrepresentation or breach of warranty by any the Borrower or a Security Party in or connected with a Finance Document.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Containers Inc.)

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