Shortfall. In the event that the balance referred to in clause 8.1 is insufficient to pay in full the whole of the Outstanding Indebtedness, the Mortgagee shall be entitled to collect the shortfall from the Owner or any other person liable for the time being therefor.
Appears in 3 contracts
Samples: Loan Agreement (Quintana Shipping Ltd.), Master Swap Agreement (Quintana Shipping Ltd.), Agreement (Quintana Shipping Ltd.)
Shortfall. In the event that the balance referred to in clause 8.1 is insufficient to pay in full the whole of the Outstanding Indebtedness, the Mortgagee shall be entitled to collect the shortfall from the Owner or any other person liable for the time being therefor.
Appears in 2 contracts
Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Globus Maritime LTD)
Shortfall. In in the event that the balance referred to in clause 8.1 is insufficient to pay in full the whole of the Outstanding Indebtedness, the Mortgagee shall be entitled to collect the shortfall from the Owner or any other person liable for the time being therefor.
Appears in 1 contract
Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.)
Shortfall. In the event that the balance referred to in clause 8.1 (Application) is insufficient to pay in full the whole of the Outstanding Indebtedness, the Mortgagee (as security agent and trustee for and on behalf of the Finance Parties) shall be entitled to collect the shortfall from the Owner or any other person liable for the time being therefor.
Appears in 1 contract
Samples: Agreement (Paragon Shipping Inc.)
