Security shortfall. If at any time the Security Value shall be less than the Security Requirement, the Bank shall give notice to the Borrower requiring that such deficiency be remedied and then the Borrower shall either:
Appears in 5 contracts
Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Globus Maritime LTD), Loan Agreement (Aegean Marine Petroleum Network Inc.)
Security shortfall. If at any time the Security Value shall be less than the Security Requirement, the Bank shall may give notice to the Borrower requiring that such deficiency be remedied and then the Borrower shall either:
Appears in 5 contracts
Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (DryShips Inc.), Master Agreement (Capital Maritime & Trading Corp.)
Security shortfall. If at any time the Security Value shall be less than the Security Requirement, the Bank shall may give notice to the Borrower Borrowers requiring that such deficiency be remedied and then the Borrower Borrowers shall either:
Appears in 3 contracts
Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Top Tankers Inc.)
Security shortfall. If at any time during the Security Period the Security Value shall be less than the applicable Security Requirement, the Bank shall may give notice to the Borrower requiring that such deficiency be remedied and then the Borrower shall either:
Appears in 2 contracts
Samples: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)
Security shortfall. If at any time the Security Value shall be less than the Security Requirement, the Bank shall may give notice to the Borrower requiring that such deficiency be remedied and then the Borrower shall (unless the Ship has become a Total Loss) either:
Appears in 2 contracts
Samples: Loan Agreement (Safe Bulkers, Inc.), Agreement (B Plus H Ocean Carriers LTD)
Security shortfall. If at any time the Security Value shall be less than the Security Requirement, the Bank shall may give notice to the Borrower requiring that such deficiency be remedied and then the Borrower shall either:
Appears in 1 contract
Security shortfall. If at any time the Security Value shall be less than the Security Requirement, the Bank shall give notice to the Borrower Borrowers requiring that such deficiency be remedied and then the Borrower Borrowers shall either:
Appears in 1 contract
Security shortfall. If If, at any time time, the Security Value shall be less than the Required Security RequirementAmount, the Bank shall give notice to the Borrower Borrowers requiring that such deficiency be remedied and then the Borrower shall Borrowers must either:
Appears in 1 contract
Security shortfall. If at any time after 31 March 2014 the Security Value shall be is less than the Security Requirement, the Bank shall give notice to the Borrower requiring that such deficiency be remedied and then the Borrower shall either:
Appears in 1 contract
Samples: Facility Agreement (Freeseas Inc.)
Security shortfall. If If, at any time after 28 February 2012, the Security Value shall be less than the Security Requirement, the Bank shall may give notice to the Borrower requiring that such deficiency be remedied and then the Borrower shall either:
Appears in 1 contract
Samples: Agreement (NewLead Holdings Ltd.)
Security shortfall. If If, at any time the Security Value shall be less than the Required Security RequirementAmount, the Bank shall give notice to the Borrower requiring that such deficiency be remedied and then the Borrower shall must either:
Appears in 1 contract
Security shortfall. If at any time the Security Value shall be less than the Security Requirement, the Bank shall may give notice to the Borrower Borrowers requiring that such deficiency be remedied and then the Borrower Borrowers shall at their discretion either:
Appears in 1 contract
