Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, no Lender may commence proceedings against any Security Party in connection with a Finance Document without the prior consent of the Majority Lenders.
Appears in 9 contracts
Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Pangaea Logistics Solutions Ltd.)
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, no Lender may commence proceedings against the Borrower or any Security Party in connection with a Finance Document without the prior consent of the Majority Lenders.
Appears in 8 contracts
Samples: Agreement (Navios Maritime Holdings Inc.), Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, no Lender may commence proceedings against the Borrowers or any Security Party in connection with a Finance Document without the prior consent of the Majority Lenders.
Appears in 6 contracts
Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Castor Maritime Inc.), Agreement (Navios Maritime Containers Inc.)
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, no Lender may commence proceedings against the Borrowers, the Approved Manager or any Security Party in connection with a Finance Document without the prior consent of the Majority Lenders.
Appears in 5 contracts
Samples: Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Partners L.P.)
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.23.2 (Individual right of action), no Lender may commence proceedings against the Borrower or any Security Party in connection with a Finance Document without the prior consent of the Majority Lenders.
Appears in 3 contracts
Samples: Loan Agreement (EuroDry Ltd.), Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Partners L.P.)
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, no Lender may commence proceedings against either Borrower or any Security Party in connection with a Finance Document without the prior consent of the Majority Lenders.
Appears in 2 contracts
Samples: Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, no Lender may commence proceedings against the Borrower, the Approved Manager or any Security Party in connection with a Finance Document without the prior consent of the Majority Lenders.
Appears in 2 contracts
Samples: Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.23.2 (Individual right of action), no Lender may commence proceedings against any Borrower or any Security Party in connection with a Finance Document without the prior consent of the Majority Lenders.
Appears in 1 contract
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.23.2 (Individual right of action), no Lender may commence proceedings against the Borrowers or any Security Party in connection with a Finance Document without the prior consent of the Majority Lenders.
Appears in 1 contract
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, no Lender may commence proceedings against any Security Party in connection with a Finance Document without the prior written consent of the Majority Lenders. A copy of such written consent shall be provided to the Agent.
Appears in 1 contract
Samples: Second Lien Loan Agreement (Eagle Bulk Shipping Inc.)
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, 3.2 (Individual right of action) no Lender may commence proceedings against the Borrower, the Approved Manager or any Security Party in connection with a Finance Document without the prior consent of the Majority Lenders.
Appears in 1 contract
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, no Lender may commence proceedings against the Borrower or any Security Party or any Approved Manager in connection with a Finance Document without the prior consent of the Majority Lenders.
Appears in 1 contract
