Security shortfall. If, at any time after the earlier of (i) the Drawdown Date of the last Delivery Advance to be drawn down and (ii) the last day of the last Drawdown Period to elapse, the Security Value shall be less than the Security Requirement, the Agent (acting on the instructions of the Majority Banks) shall give notice to the Borrowers requiring that such deficiency be remedied and then the Borrowers shall either:
Appears in 8 contracts
Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Corporations and Companies (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)
Security shortfall. If, at any time after the earlier of (i) the Drawdown Date of the last fourth Delivery Advance to be drawn down and (ii) the last day of the last Drawdown Period to elapseTermination Date, the Security Value shall be less than the Security Requirement, the Agent (acting on the instructions of the Majority Banks) shall give notice to the Borrowers requiring that such deficiency be remedied and then the Borrowers shall either:
Appears in 2 contracts
Samples: Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)
Security shortfall. If, at any time after the earlier of (i) the Drawdown Date of the last second Delivery Advance to be drawn down and (ii) the last day of the last Drawdown Period to elapse, the Security Value shall be less than the Security Requirement, the Agent (acting on the instructions of the Majority Banks) shall Bank may give notice to the Borrowers requiring that such deficiency be remedied and then the Borrowers shall at its discretion either:
Appears in 2 contracts
Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)
Security shortfall. If, at any time after the earlier of (i) the Drawdown Date of the last second Delivery Advance to be drawn down and (ii) the last day of the last Drawdown Period to elapselatest Termination Date, the Security Value shall be less than the Security Requirement, the Agent (acting on the instructions of the Majority Banks) shall give notice to the Borrowers requiring that such deficiency be remedied and then the Borrowers shall either:
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)
