Shortfalls. In the event that the balance referred to in clause 11.1 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 therefore.
Appears in 16 contracts
Samples: Top Tankers Inc., Top Tankers Inc., Top Tankers Inc.
Shortfalls. In the event that the balance referred to in clause 11.1 2.3 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 thereforetherefor.
Appears in 11 contracts
Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Quintana Shipping Ltd.), Master Swap Agreement (Quintana Shipping Ltd.)
Shortfalls. In the event that the balance referred to in clause 11.1 9.1 is insufficient to pay in full the whole of the Outstanding Indebtedness, the Mortgagee or the Receiver, as the case may be, shall be entitled to collect the shortfall from the Owner or any other person liable for the time being thereforetherefor.
Appears in 4 contracts
Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Shortfalls. In the event that the balance referred to in clause 11.1 8.1 is insufficient to pay in full the whole of the Outstanding Indebtedness, the Mortgagee or the Receiver, as the case may be, shall be entitled to collect the shortfall from the Owner or any other person liable for the time being thereforetherefor.
Appears in 3 contracts
Samples: Supplemental Agreement (Diana Shipping Inc.), Loan Agreement (DryShips Inc.), Loan Agreement (Capital Maritime & Trading Corp.)
Shortfalls. In the event that the balance referred to in clause 11.1 8.1 of the Deed of Covenant 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 thereforetherefor.
Appears in 2 contracts
Samples: Loan Agreement (DryShips Inc.), Supplemental Agreement (DryShips Inc.)
Shortfalls. In the event that the balance referred to in clause 11.1 9.1 is insufficient to pay in full the whole who e of the Outstanding Indebtedness, the Mortgagee or the Receiver, as the case may be, shall be entitled to collect the shortfall from the Owner or any other person liable for the time being thereforetherefor.
Appears in 1 contract
Samples: Loan Agreement (Safe Bulkers, Inc.)
Shortfalls. In the event that the balance referred to in clause 11.1 8.1 (Application) is insufficient to pay in full the whole of the Outstanding Indebtedness, the Mortgagee or the Receiver, as the case may be, shall be entitled to collect the shortfall from the Owner or any other person liable for the time being thereforetherefor.
Appears in 1 contract
Samples: Credit Agreement (DryShips Inc.)
Shortfalls. In the event that the balance referred to in clause 11.1 7.1 (Application) 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 thereforetherefor.
Appears in 1 contract
Samples: Credit Agreement (DryShips Inc.)
Shortfalls. In the event that the balance referred to in clause 11.1 2.3 of the General Assignment 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 thereforetherefor.
Appears in 1 contract
Shortfalls. In the event that the balance referred to in clause 11.1 13.1 is insufficient to pay in full the whole of the Outstanding Indebtedness and/or the Charterer's Guarantee Indebtedness, the Mortgagee Mortgagee, as the case may be, shall be entitled to collect the shortfall from the Owner or, as the case may be, the Charterer or any other person liable for the time being thereforetherefor.
Appears in 1 contract
Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.)
Shortfalls. In the event that the balance referred to in clause 11.1 2.3 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 therefore.
Appears in 1 contract
Samples: Loan Agreement (Safe Bulkers, Inc.)
Shortfalls. In the event that the balance referred to in clause 11.1 9.1 is insufficient to pay in full the whole of the Outstanding Indebtedness, the Mortgagee or the Receiver, as the case may be, shall be entitled to collect the shortfall from the Owner or any other person liable for the time being therefore.
Appears in 1 contract
Samples: Loan Agreement (Safe Bulkers, Inc.)