Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, no Lender and no Swap Bank may commence proceedings against the Borrower or any Security Party in connection with a Finance Document or a Master Agreement without the prior consent of the Majority Lenders.
Appears in 4 contracts
Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.), Loan Agreement (Euronav NV), Amending and Restating Agreement (Seacastle Inc.)
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, no Lender and no Swap Bank may commence proceedings against the Borrower or any Security Party in connection with a Finance Document or a Master Agreement without the prior consent of the Majority Lenders.
Appears in 3 contracts
Samples: Loan Agreement (Eagle Bulk Shipping Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, no neither a Lender and no nor the Swap Bank may commence proceedings against the Borrower or any Security Party in connection with a Finance Document or a the Master Agreement without the prior consent of the Majority Lenders.
Appears in 3 contracts
Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (Euroseas Ltd.)
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, no Lender and no Swap Bank may commence proceedings against the Borrower or any Security Party in connection with a Finance Document or a Master Agreement without the prior consent of the Majority Lenders.
Appears in 3 contracts
Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Bulkers Inc.)
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, no neither Lender and no nor the Swap Bank may commence proceedings against the Borrower Borrowers or any Security Party in connection with a Finance Document or a the Master Agreement without the prior consent of the Majority Lenders.
Appears in 3 contracts
Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (DryShips Inc.)
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, no Lender and no Swap Bank may commence proceedings against the Borrower or any Security Party in connection with a Finance Document or a Master Agreement without the prior consent of the Majority Lenders.
Appears in 3 contracts
Samples: Loan Agreement (Dorian LPG Ltd.), Loan Agreement (Dorian LPG Ltd.), Loan Agreement (Scorpio Tankers Inc.)
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, no Lender and no Swap Bank may commence proceedings against the Borrower or any other Security Party in connection with a Finance Document or a Master Agreement without the prior consent of the Majority Lenders.
Appears in 3 contracts
Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, no Lender may, and no the Swap Bank may not, commence proceedings against the Borrower or any Security Party in connection with a Finance Document or a Master Agreement without the prior consent of the Majority Lenders.
Appears in 2 contracts
Samples: Amending and Restating Agreement, Amending and Restating Agreement (Golar LNG Partners LP)
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, no Lender and no Swap Bank may commence proceedings against the any Borrower or any Security Party in connection with a Finance Document or a Master Agreement without the prior consent of the Majority Lenders.
Appears in 2 contracts
Samples: Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Scorpio Tankers Inc.)
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, no neither any Lender and no nor any Swap Bank may commence proceedings against the Borrower or any Security Party in connection with a Finance Document or a Master Agreement without the prior consent of the Majority Lenders.
Appears in 1 contract
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.22.2, no neither a Lender and no nor the Issuing Bank nor the Swap Bank may commence proceedings against the any Borrower or any Security Party in connection with a Finance Document or a the Master Agreement 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 neither any Lender and no nor the Swap Bank may commence proceedings against the Borrower or any Security Party in connection with a Finance Document or a the Master Agreement 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 and no Swap Bank may commence proceedings against the Borrower Borrowers (or either of them) or any Security Party in connection with a Finance Document or a Master Agreement without the prior consent of the Majority Lenders.
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.232, no neither Lender and no nor the Swap Bank may commence proceedings against the Borrower Borrowers or any Security Party in connection with a Finance Document or a the Master Agreement 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 and no nor the Swap Bank may commence proceedings against the Borrower Borrowers or any Security Party in connection with a Finance Document or a the Master Agreement without the prior consent of the Majority Lenders.
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.2, no Lender and no neither Xxxxxx nor the Swap Bank may commence proceedings against the Borrower Borrowers or any Security Party in connection with a Finance Document or a the Master Agreement without the prior consent of the Majority Lenders.
Appears in 1 contract
Proceedings requiring Majority Lender consent. Except as provided in Clause 3.22.2, no neither a Lender and no nor the Swap Bank may commence proceedings against the any Borrower or any Security Party in connection with a Finance Document or a the Master Agreement 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 and no or Swap Bank may commence any other proceedings against the Borrower or any Security Party or any Collateral in connection with a Finance Document or a Master Agreement without the prior consent of the Majority Lenders.
Appears in 1 contract
