Restriction on withdrawal. During the Security Period each Borrower may withdraw any sum from its Earnings Account provided that (i) no Event of Default has occurred from such withdrawal and (ii) no notice has been given to that Borrower by the Facility Agent or the Security Agent that such withdrawal is not permitted.
Appears in 2 contracts
Samples: Term Loan Facility (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Restriction on withdrawal. During the Security Period each a Borrower may withdraw any sum from its Earnings Account provided that (i) no Event of Default has occurred from such withdrawal and (ii) no notice has been given to that Borrower by the Facility Agent or the Security Agent that such withdrawal is not permitted.
Appears in 2 contracts
Samples: Term Loan Facility (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Restriction on withdrawal. During the Security Period each a Borrower may withdraw any sum from its Earnings Account provided that (i) no Event of Default has occurred and is continuing or would occur from such withdrawal and (ii) no notice has been given to that Borrower by the Facility Agent or the Security Agent that such withdrawal is not permitted.
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Restriction on withdrawal. During the Security Period each Period, a Borrower may withdraw any sum from its Earnings Account Account, provided that (i) no Event of Default has occurred and is continuing or would occur from such withdrawal and (ii) no notice has been given to that Borrower by the Facility Agent or the Security Agent that such withdrawal is not permitted.
Appears in 1 contract
Samples: Term Loan Facility (Navios South American Logistics Inc.)
Restriction on withdrawal. During the Security Period each a Borrower may withdraw any sum from its Earnings Account provided that (i) no Event of Default has occurred or would occur from such withdrawal and (ii) no notice has been given to that Borrower by the Facility Agent or the Security Agent that such withdrawal is not permitted.
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Restriction on withdrawal. During the Security Period each a Borrower may withdraw any sum from its Earnings Account provided that (i) no unless and until an Event of Default has occurred from such withdrawal and (ii) no notice has been given to that Borrower by the Facility Agent or the Security Agent that such withdrawal is not permittedcontinuing.
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Restriction on withdrawal. During the Security Period each Period, a Borrower may withdraw any sum from its Earnings Account Account, provided that (i) no Event of Default has occurred and is continuing or would occur from such withdrawal and (ii) no notice has been given to that Borrower by the Facility Agent or the Security Agent that such withdrawal is not permittedwithdrawal.
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