Common use of Subordination of shareholder loans Clause in Contracts

Subordination of shareholder loans. The Borrower shall procure that each Collateral Owner shall subordinate any shareholder loans or inter-company borrowings to the Indebtedness.

Appears in 2 contracts

Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

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Subordination of shareholder loans. The Borrower shall procure that each Collateral Owner shall subordinate any shareholder loans or inter-inter company borrowings to the Indebtedness.

Appears in 2 contracts

Samples: Amending and Restating Agreement (Safe Bulkers, Inc.), Secured Loan Agreement (Safe Bulkers, Inc.)

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