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.)
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
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.)