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.), Loan Agreement (Quintana Shipping Ltd.), Loan 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: Loan Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Globus Maritime LTD)
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: On Delivery Facility Agreement (Paragon Shipping Inc.)
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.)
