Recourse to other security. No Bank shall be obliged to make any claim or demand or to resort to any security or other means of payment now or hereafter held by or available to them for enforcing any of the Security Documents against any Borrower or any other person liable and no action taken or omitted by any Bank in connection with any such security or other means of payment will discharge, reduce, prejudice or affect the liability of the Borrowers under the Security Documents to which any of them is, or is to be, a party.
Appears in 8 contracts
Samples: Navios Maritime Partners L.P., Agreement (Navios Maritime Acquisition CORP), Navios Maritime Holdings Inc.
Recourse to other security. No Bank shall be obliged to make any claim or demand or to resort to any security or other means of payment now or hereafter held by or available to them for enforcing any of the Security Documents against any either Borrower or any other person liable and no action taken or omitted by any Bank in connection with any such security or other means of payment will discharge, reduce, prejudice or affect the liability of the Borrowers under the Security Documents to which any of them is, or is to be, a party.
Appears in 7 contracts
Samples: Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Holdings Inc.)
Recourse to other security. No The Bank shall not be obliged to make any claim or demand or to resort to any security or other means of payment now or hereafter held by or available to them for enforcing any of the Security Documents against any either Borrower or any other person liable and no action taken or omitted by any the Bank in connection with any such security or other means of payment will discharge, reduce, prejudice or affect the liability of the Borrowers under the Security Documents to which any either of them is, or is to be, a party.
Appears in 5 contracts
Samples: Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Acquisition CORP)
Recourse to other security. No The Bank shall not be obliged to make any claim or demand or to resort to any security Security Document or other means of payment now or hereafter held by or available to them it for enforcing this Agreement or any of the Security Documents against any a Borrower or any other person liable and no action taken or omitted by any the Bank in connection with any such security Security Document or other means of payment will discharge, reduce, prejudice or affect the liability of the Borrowers under this Agreement and the Security Documents to which any of them is, or is to be, a party.
Appears in 4 contracts
Samples: Supplemental Agreement, Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)
Recourse to other security. No Bank shall be obliged to make any claim or demand or to resort to any security or other means of payment now or hereafter held by or available to them for enforcing any of the Security Documents against any the Borrower or any other person liable and no action taken or omitted by any Bank in connection with any such security or other means of payment will discharge, reduce, prejudice or affect the liability of the Borrowers Borrower under the Security Documents to which any of them is, or is to be, a party.
Appears in 2 contracts
Samples: Agreement (Navios Maritime Holdings Inc.), Navios Maritime Acquisition CORP
Recourse to other security. No The Bank shall not be obliged to make any claim or demand or to resort to any security Security Document or other means of payment now or hereafter held by or available to them it for enforcing this Agreement or any of the other Security Documents against any a Borrower or any other person liable and no action taken or omitted by any the Bank in connection with any such security Security Document or other means of payment will discharge, reduce, prejudice or affect the liability of the Borrowers under this Agreement and the other Security Documents to which any of them is, or is to be, a party.
Appears in 2 contracts
Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)
Recourse to other security. No Bank shall be obliged to make any claim or demand or to resort to any security or other means of payment now or hereafter held by or available to them for enforcing any of the Security Documents against any either Borrower or any other person liable and no action taken or omitted by any Bank in connection with any such security or other means of payment will discharge, reduce, prejudice or affect the liability of the Borrowers under the Security Documents to which any either of them is, or is to be, a party.
Appears in 1 contract
Recourse to other security. No The Bank shall not be obliged to make any claim or demand or to resort to any security or other means of payment now or hereafter held by or available to them for enforcing any of the Security Documents against any Borrower or any other person liable and no action taken or omitted by any the Bank in connection with any such security or other means of payment will discharge, reduce, prejudice or affect the liability of the Borrowers under the Security Documents to which any of them is, or is to be, a party.
Appears in 1 contract
