Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee, any other Guarantor’s Document or any other transaction) against any Borrower, any other Security Party or their respective assets, shall be fully subordinated to the rights of the Creditor Parties under the Finance Documents; and in particular, the Guarantor shall not:
Appears in 2 contracts
Samples: Capital Product Partners L.P., Capital Product Partners L.P.
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee, any other Guarantor’s Document Guarantee or any other transaction) against any Borroweran Obligor, any other Security Party or their respective assets, assets shall be fully subordinated to the rights of the Creditor Parties Issuer under the Finance Documents; and in particular, the Guarantor shall not:
Appears in 2 contracts
Samples: Guarantee (TBS International PLC), Guarantee Facility Agreement (TBS International LTD)
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee, any other Guarantor’s Document Guarantee or any other transaction) against any the Borrower, any other Security Party or their respective assets, assets shall be fully subordinated to the rights of the Security Trustee or any other Creditor Parties Party under the Finance Documents; and in particular, the Guarantor shall not:
Appears in 2 contracts
Samples: EuroDry Ltd., Loan Agreement (EuroDry Ltd.)
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee, any other Guarantor’s Document Guarantee or any other transaction) against any Borrower, any other Security Party or their respective assets, assets shall be fully subordinated to the rights of the Creditor Parties under the Finance DocumentsDocuments and the Master Agreements; and in particular, the Guarantor shall not:
Appears in 2 contracts
Samples: International Seaways, Inc., Euronav NV
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee, any other Guarantor’s Document Guarantee or any other transaction) against any either Borrower, any other Security Party or their respective assets, assets shall be fully subordinated to the rights of the Creditor Parties under the Finance Documents; and in particular, the Guarantor shall not:
Appears in 1 contract
Samples: Pyxis Tankers Inc.
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee, any other Guarantor’s Document Guarantee or any other transaction) against the Borrowers or any Borrower, of them or any other Security Party or their respective assets, assets shall be fully subordinated to the rights of the Creditor Parties Security Trustee under the Finance Documents; and and, in particular, the Guarantor shall not:
Appears in 1 contract
Samples: Loan Agreement (Mc Shipping Inc)
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee, any other Guarantor’s Document Guarantee or any other transaction) against any the Borrower, any other Security Party or their respective assets, assets shall be fully subordinated to the rights of the Creditor Parties Lender under the Finance Documents; and in particular, the Guarantor shall not:
Appears in 1 contract
Samples: Box Ships Inc.
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee, any other Guarantor’s Document Guarantee or any other transaction) against any the Borrower, any other Security Party or their respective assets, assets shall during the Security Period be fully subordinated to the rights of the Creditor Parties under the Finance Documents; and in particular, particular during the Security Period the Guarantor shall not:
Appears in 1 contract
Samples: Guarantee (Seacastle Inc.)
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee, any other Guarantor’s Document Guarantee or any other transaction) against any the Borrower, any other Security Party or their respective assets, assets shall be fully subordinated to the rights of the Creditor Parties under the Finance Documents; Documents and Master Agreements and in particular, the Guarantor shall not:
Appears in 1 contract
Samples: Britannia Bulk Holdings Inc
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee, any other Guarantor’s Document Guarantee or any other transaction) against any Borrower, any other Security Party or their respective assets, assets shall be fully subordinated to the rights of the Creditor Parties under the Finance Documents; Documents and in particular, the Guarantor shall not:
Appears in 1 contract
Samples: Guarantee (TBS International PLC)
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee, any other Guarantor’s Document Guarantee or any other transaction) against any Borrowerthe Borrowers, any other Security Party or their respective assets, shall be fully subordinated to the rights of the Creditor Parties Lender under the Finance Documents; and in particular, particular the Guarantor shall not:
Appears in 1 contract
Samples: EuroDry Ltd.
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee, any other Guarantor’s Document Guarantee or any other transaction) against any Borrower, any other Security Party or their respective assets, assets shall be fully subordinated to the rights of the Creditor Parties Mortgagee under the Finance Documents; Documents and in particular, the Guarantor shall not:
Appears in 1 contract
Samples: TBS International PLC
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee, any other Guarantor’s Document Guarantee or any other transaction) against any Borrowerthe Borrowers, any other Security Party or their respective assets, assets shall be fully subordinated to the rights of the Security Trustee or any other Creditor Parties Party under the Finance Documents; and in particular, the Guarantor shall not:
Appears in 1 contract
Samples: EuroDry Ltd.
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee, any other Guarantor’s Document Guarantee or any other transaction) against any the Borrower, any other Security Party or their respective assets, assets shall be fully subordinated to the rights of the Creditor Parties under the Finance Documents; and in particular, the Guarantor shall notnot during the Security Period:
Appears in 1 contract
Samples: EuroDry Ltd.
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee, any other Guarantor’s Document Guarantee or any other transaction) against any the Borrower, any other Security Party or their respective assets, assets shall be fully subordinated to the rights of the Creditor Parties Lender under the Finance Documents; and in particular, the Guarantor shall not:
Appears in 1 contract
Samples: Agreement (DryShips Inc.)
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee, any other Guarantor’s Document Guarantee or any other transaction) against the Borrowers or either of them or any Borrower, any other Security Party or their respective assets, assets shall be fully subordinated to the rights of the Creditor Parties Lender under the Finance Documents; and and, in particular, the Guarantor shall not:
Appears in 1 contract
Samples: Loan Agreement (Mc Shipping Inc)
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee, any other Guarantor’s Document Guarantee or any other transaction) against any the Borrower, any other Security Party or their respective assets, assets shall be fully subordinated to the rights of the Creditor Parties Lender under the Finance Documents; and in particular, the Guarantor shall notnot throughout the Security Period:
Appears in 1 contract
Samples: Pyxis Tankers Inc.
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee, any other Guarantor’s Document Guarantee or any other transaction) against any Borrowerof the Borrowers, any other Security Party or their respective assets, assets shall be fully subordinated to the rights of the Creditor Parties Lender under the Finance Documents; and in particular, the Guarantor shall notnot throughout the Security Period:
Appears in 1 contract
Samples: Pyxis Tankers Inc.
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee, any other Guarantor’s Document Guarantee or any other transaction) against any either Borrower, any other Security Party or their respective assets, assets shall be fully subordinated to the rights of the Creditor Parties under the Finance DocumentsDocuments and the Master Agreements; and in particular, particular the Guarantor shall not:
Appears in 1 contract
Samples: Scorpio Tankers Inc.