Security shortfall. If, at any time after the first Delivery Date, the Security Value shall be less than the Required Security Amount, the Bank shall give notice to the Borrowers requiring that such deficiency be remedied and then the Borrowers must either:
Appears in 6 contracts
Samples: Agreement, Agreement, Facility Agreement (Navios Maritime Acquisition CORP)
Security shortfall. If, at any time after the Drawdown Date of the first Delivery DateAdvance to be drawn down, the Security Value shall be less than the Required Security AmountRequirement, the Bank shall may give notice to the Borrowers requiring that such deficiency be remedied and then the Borrowers must shall at its discretion either:
Appears in 5 contracts
Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Eighth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.)
Security shortfall. If, at any time after the first Delivery Date, the Security Value shall be less than the Required Security Amount, the Bank shall give notice to the Borrowers Borrower requiring that such deficiency be remedied and then the Borrowers Borrower must either:
Appears in 3 contracts
Samples: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Holdings Inc.)
