Common use of Subject to Clause 16 Clause in Contracts

Subject to Clause 16. 15.3 the Security Agent may, with the prior consent of the Majority Banks communicated in writing by the Agent, concur with any of the Security Parties to:

Appears in 3 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Diana Shipping Inc.), Seanergy Maritime Holdings Corp.

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Subject to Clause 16. 15.3 the Security Agent Trustee may, with the prior consent of the Majority Banks Lenders communicated in writing by the Agent, concur with any of the Security Parties to:

Appears in 3 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Holdings Inc.)

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