Common use of Sub-participation Clause in Contracts

Sub-participation. The Lender may sub-participate all or any part of its rights and/or obligations under the Security Documents at its own expense without the consent of, or notice to, the Borrowers. Any such sub-participation shall have no effect on the Lender’s rights under the Security Documents and shall not affect the Borrowers at all.

Appears in 2 contracts

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

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Sub-participation. The Lender may sub-participate all or any part of its rights and/or obligations under the Security Documents at its own expense without the consent of, or notice to, the BorrowersBorrower. Any such sub-participation shall have no effect on the Lender’s rights under the Security Documents and shall not affect the Borrowers Borrower at all.

Appears in 2 contracts

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

Sub-participation. The Lender may sub-participate all or any part of its rights and/or obligations under the Security Documents at its own expense without the consent of, or notice to, the Borrowers. Any such sub-participation shall have no effect on the Lender’s rights under the Security Documents and shall not affect the Borrowers at allDocuments.

Appears in 1 contract

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

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Sub-participation. The Lender may sub-participate all or any part of its rights and/or obligations under the Security Documents at its own expense without the consent of, of or notice to, the BorrowersBorrower. Any such sub-participation shall have no effect on the Lender’s rights under the Security Documents and shall not affect the Borrowers Borrower at all.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

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