Shortfalls. In the event that the balance referred to in clause 2.3 of the Assignment of Earnings and Insurances is insufficient to pay in full the whole of the Outstanding Indebtedness, the Collateral Agent shall be entitled to collect the shortfall from the Owner or any other person liable for the time being therefor.
Appears in 6 contracts
Samples: Credit Agreement (Norwegian Cruise Line Holdings Ltd.), Credit Agreement (Norwegian Cruise Line Holdings Ltd.), Credit Agreement (NCL CORP Ltd.)
Shortfalls. In the event that the balance referred to in clause 2.3 of the Assignment of Earnings and Insurances 2.4 is insufficient to pay in full the whole of the Outstanding Indebtedness, the Collateral Security Agent shall be entitled to collect the shortfall from the Owner Borrowers or any other person liable for the time being therefor.
Appears in 4 contracts
Samples: Supplemental Agreement (Diana Shipping Inc.), Supplemental Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.)
Shortfalls. In the event that the balance referred to in clause 2.3 of the Assignment of Earnings and Insurances 3.3 is insufficient to pay in full the whole of the Outstanding Indebtedness, the Collateral Agent 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: Supplemental Deed (Norwegian Cruise Line Holdings Ltd.), Ninth Supplemental Deed (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.)
