Common use of Seizure Clause in Contracts

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entity; or

Appears in 47 contracts

Samples: Loan Agreement (Pyxis Tankers Inc.), Facility Agreement for a Term Loan Facility (Navios Maritime Partners L.P.), Facility Agreement

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Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 13 contracts

Samples: Loan Agreement (Imperial Petroleum Inc./Marshall Islands), Facility Agreement (Costamare Partners LP), Facility Agreement (Costamare Partners LP)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Relevant Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 11 contracts

Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or other Restricted Company are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 10 contracts

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Third Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Ninth Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or other Relevant Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 7 contracts

Samples: Loan Agreement (Quintana Shipping Ltd.), Supplemental Agreement (Quintana Shipping Ltd.), Supplemental Agreement (Quintana Shipping Ltd.)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party (other than the Manager) are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entity; or

Appears in 6 contracts

Samples: Facility Agreement (Navios Maritime Acquisition CORP), Facility Agreement, Facility Agreement (Navios Maritime Partners L.P.)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security other Relevant Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 6 contracts

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Freeseas Inc.), Facility Agreement (Globus Maritime LTD)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or any other Relevant Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 5 contracts

Samples: Supplemental Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.), Loan Agreement (DryShips Inc.)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or any other member of the Group are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 4 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Diana Shipping Inc.), Loan Agreement (DryShips Inc.)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government EntityEntity and the same are not returned to the relevant Security Party within 45 days of such seizure, nationalisation, expropriation or compulsory acquisition; or

Appears in 4 contracts

Samples: Facility Agreement (Euroseas Ltd.), Facility Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party (including the Supervisor prior to the Delivery Date only) are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 4 contracts

Samples: Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)

Seizure. all or a material part of the undertakingundertakings, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or any other Relevant Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entity; or

Appears in 3 contracts

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.), Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)

Seizure. all or a material part of the undertakingundertakings, assets, rights or revenues of, or shares or other ownership interests in, the Borrower or any other Security Party or any other member of the Group are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entity; or

Appears in 2 contracts

Samples: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (DryShips Inc.)

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Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or any other Restricted Company are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 2 contracts

Samples: Loan Agreement (Mc Shipping Inc), Loan Agreement (Capital Maritime & Trading Corp.)

Seizure. all or a material part of the undertakingundertakings, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or other Relevant Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entity; or

Appears in 2 contracts

Samples: Supplemental Agreement, Supplemental Agreement (Gala Properties Inc.)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or other Group Member are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entity; or

Appears in 2 contracts

Samples: Facility Agreement for a Term Loan (StealthGas Inc.), Facility Agreement (StealthGas Inc.)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, the Borrower or any Security Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment entity; or

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

Seizure. all or a material part of the undertaking, assetsassets (other than the Vessel), rights or revenues of, or shares or other ownership interests in, any Security Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entity; or

Appears in 1 contract

Samples: Facility Agreement (Pyxis Tankers Inc.)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or other Relevant Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernments; or

Appears in 1 contract

Samples: On Delivery Facility Agreement (Paragon Shipping Inc.)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or other Relevant Party or the Refund Guarantor are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

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