Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of the Loan or any other transaction) against any Owner or its assets shall be fully subordinated to the rights of the Creditor Parties under the Finance Documents; and in particular, the Borrower shall not during the Security Period:
Appears in 19 contracts
Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Agreement (Star Bulk Carriers Corp.)
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of the Loan or any other transaction) against any Owner or its assets shall be fully subordinated to the rights of the Creditor Parties under the Finance Documents; and in particular, the Borrower shall not during the Security Period:
Appears in 6 contracts
Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.), Loan Agreement
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of against the Loan or any other transaction) against any Owner or its assets shall be fully subordinated to the rights of the Creditor Parties Lender under the Finance Documents; and in particular, the Borrower shall not during the Security Period:
Appears in 5 contracts
Samples: Loan Agreement, Agreement (Paragon Shipping Inc.), Loan Agreement (Box Ships Inc.)
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of the Loan or any other transaction) against any Owner or its assets shall be fully subordinated to the rights of the Creditor Parties Lender under the Finance Documents; and in particular, the Borrower shall not during the Security Period:
Appears in 3 contracts
Samples: Loan Agreement (Star Bulk Carriers Corp.), Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Cosmo Llc.)
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of the Loan or any other transaction) against any Owner Guarantor or its assets shall be fully subordinated to the rights of the Creditor Parties Lender under the Finance Documents; and in particular, the Borrower shall not during the Security Period:
Appears in 3 contracts
Samples: Loan Agreement (Arlington Tankers Ltd.), Loan Agreement (General Maritime Corp / MI), Agreement (Arlington Tankers Ltd.)
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of the on-lending of the Loan or any other transaction) against any the Owner or its assets shall be fully subordinated to the rights of the Creditor Parties Lender under the Finance Documents; and in particular, the Borrower shall not during the Security Period:
Appears in 2 contracts
Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of the on-lending of the Loan or any other transaction) against any Owner or its their respective assets shall be fully subordinated to the rights of the Creditor Parties under the Finance Documents; and in particular, the Borrower shall not during the Security Period:
Appears in 2 contracts
Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of the on-lending of the Loan or any other transaction) against any either Owner or its their assets shall be fully subordinated to the rights of the Creditor Parties Lender under the Finance Documents; and in particular, the Borrower shall not during the Security Period:
Appears in 2 contracts
Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of the on-lending of the Loan or any other transaction) against any Owner or its their assets shall be fully subordinated to the rights of the Creditor Parties under the Finance Documents; and in particular, the Borrower shall not during the Security Period:
Appears in 2 contracts
Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of the Loan or any other transaction) against any each Owner or its assets shall be fully subordinated to the rights of the Creditor Parties Lenders under the Finance Documents; and in particular, the Borrower shall not during the Security Period:
Appears in 2 contracts
Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of the Loan or any other transaction) against any either Owner or its assets shall be fully subordinated to the rights of the Creditor Parties Lender under the Finance Documents; and in particular, the Borrower shall not during the Security Period:
Appears in 2 contracts
Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (StealthGas Inc.)
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of the Loan or any other transaction) against any the Owner or its assets shall be fully subordinated to the rights of the Creditor Parties under the Finance Documents; and in particular, the Borrower shall not during the Security Period:
Appears in 1 contract
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of the on-lending of the Loan or any other transaction) against any the Owner or its assets shall be fully subordinated to the rights of the Creditor Parties under the Finance Documents; and in particular, the Borrower shall not during the Security Period:
Appears in 1 contract
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of the on-lending of the Loan or any other transaction) against any an Owner or its assets shall be fully subordinated to the rights of the Creditor Parties under the Finance Documents; , and in particular, particular the Borrower shall not during the Security Period:
Appears in 1 contract
Samples: Loan Agreement (Seacastle Inc.)
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of the Loan or any other transaction) against any either Owner or its assets shall be fully subordinated to the rights of the Creditor Parties Lender under the Finance Documents; and in particular, the Borrower shall not during the Security Period:
Appears in 1 contract
Samples: Agreement (Star Bulk Carriers Corp.)
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of the on-lending of the Loan or any other transaction) against any Owner or its their assets shall be fully subordinated to the rights of the Creditor Parties Lender under the Finance Documents; and in particular, the Borrower shall not during the Security Period:
Appears in 1 contract
Samples: Loan Agreement (Danaos Corp)
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of against the Loan or any other transaction) against any Owner or its assets shall be fully subordinated to the rights of the Creditor Parties Lenders under the Finance Documents; and in particular, the Borrower shall not during the Security Period:
Appears in 1 contract
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of the Loan or any other transaction) against any an Owner or its assets shall be fully subordinated to the rights of the Creditor Parties under the Finance Documents; , and in particular, particular the Borrower shall not during the Security Period:
Appears in 1 contract
Samples: Loan Agreement (Seacastle Inc.)
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of the Loan or any other transaction) against any Owner or its their respective assets shall be fully subordinated to the rights of the Creditor Parties under the Finance Documents; and in particular, the Borrower shall not during the Security Period:
Appears in 1 contract
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of the on-lending of the Loan or any other transaction) against any either Owner or its their respective assets shall be fully subordinated to the rights of the Creditor Parties under the Finance Documents; and in particular, the Borrower shall not during the Security Period:
Appears in 1 contract
Subordination of rights of Borrower. All rights which the Borrower at any time has (whether in respect of the Loan or any other transaction) against any Owner or its their assets shall be fully subordinated to the rights of the Creditor Parties Lender under the Finance Documents; and in particular, the Borrower shall not during the Security Period:
Appears in 1 contract
Samples: Loan Agreement (Box Ships Inc.)
