Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee or any other transaction) against each other Relevant Person or its assets shall be fully subordinated to the rights of the Owner under the Leasing Documents (or any of them), and in particular, the Guarantor shall not:
Appears in 5 contracts
Samples: Top Ships Inc., Top Ships Inc., Top Ships Inc.
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee or any other transaction) against each the Borrower, any other Relevant Person Obligor or its their respective assets shall be fully subordinated to the rights of the Owner Creditor Parties under the Leasing Documents (or any of them), Finance Documents; and in particular, the Guarantor shall not:
Appears in 3 contracts
Samples: Loan Agreement (Prestige Cruises International, Inc.), Loan Agreement (Prestige Cruises International, Inc.), Loan Agreement (Prestige Cruises International, Inc.)
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee or any other transaction) against each the Borrowers (or any of them), any other Relevant Person Security Party or its their respective assets shall be fully subordinated to the rights of the Owner Creditor Parties under the Leasing Documents (or any of them), Finance Documents; and in particular, the Guarantor shall not:
Appears in 3 contracts
Samples: DryShips Inc., Box Ships Inc., Box Ships Inc.
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee or any other transaction) against each the Borrower, any other Relevant Person Obligor or its their respective assets shall be fully subordinated to the rights of the Owner Creditor Parties under the Leasing Documents (or any of them), Finance Documents; and in particular, the Guarantor shall not:;
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Prestige Cruises International, Inc.)
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee or any other transaction) against each Borrower, any other Relevant Person Security Party or its their respective assets shall be fully subordinated to the rights of the Owner Lender under the Leasing Finance Documents (or any of them), the Master Agreement; and in particular, the Guarantor shall not:
Appears in 2 contracts
Samples: Supplemental Agreement (TBS International PLC), Supplemental Agreement (TBS International PLC)
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee or any other transaction) against each the Borrower, any other Relevant Person Security Party or its their respective assets shall be fully subordinated to the rights of the Owner Lender under the Leasing Finance Documents (or any of them), and in particular, the Guarantor shall not:
Appears in 2 contracts
Samples: TBS International PLC, TBS International PLC
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee or any other transaction) against each other Relevant Person the Companies (or its any of them) or their respective assets shall be fully subordinated to the rights of the Owner Bank under the Leasing Documents (or any of them), Master Agreement; and in particular, the Guarantor shall not:
Appears in 1 contract
Samples: Excel Maritime Carriers LTD
Subordination of rights of Guarantor. All rights which the Guarantor at any time has (whether in respect of this Guarantee or any other transaction) against each other Relevant Person or its assets shall be fully subordinated to the rights of the Owner under the Leasing Documents (or any of them)Documents, and in particular, the Guarantor shall not:
Appears in 1 contract
Samples: DryShips Inc.
