Sums deemed due to a Lender. For the purposes of this Clause 13 (Set-Off), a sum payable by the Guarantor to the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to that Lender.
Appears in 6 contracts
Samples: Guarantee (Norwegian Cruise Line Holdings Ltd.), Guarantee (Norwegian Cruise Line Holdings Ltd.), Guarantee (Norwegian Cruise Line Holdings Ltd.)
Sums deemed due to a Lender. For the purposes of this Clause 13 (Set-Off)13, a sum payable by the Guarantor to the Security Trustee Agent acting on behalf of the Creditor Parties for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender's ’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to that Lender.
Appears in 5 contracts
Samples: Guarantee, Guarantee (Prestige Cruises International, Inc.), Guarantee (Prestige Cruises International, Inc.)
Sums deemed due to a Lender. For the purposes of this Clause 13 (Set-Off), a sum payable by the Guarantor to the Agent or the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender's ’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to that Lender.
Appears in 3 contracts
Samples: Amending and Restating Deed, Amending and Restating Deed (Global Ship Lease, Inc.), Second Amending and Restating Deed (Global Ship Lease, Inc.)
Sums deemed due to a Lender. For the purposes of this Clause 13 (Set-Off)14, a sum payable by the Guarantor to the Agent or the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender's ’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to that Lender.
Appears in 3 contracts
Samples: Guarantee (Scorpio Tankers Inc.), Guarantee (Pyxis Tankers Inc.), Guarantee (Box Ships Inc.)
Sums deemed due to a Lender. For the purposes of this Clause 13 (Set-Off)14, a sum payable by the Guarantor to the Agent or the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to that Lender.
Appears in 3 contracts
Samples: Guarantee (EuroDry Ltd.), Guarantee (DryShips Inc.), Guarantee (Box Ships Inc.)
Sums deemed due to a Lender. For the purposes of this Clause 13 (Set-Off), a sum payable by the Guarantor to the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender's ’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to that Lender.
Appears in 3 contracts
Samples: Guarantee (Norwegian Cruise Line Holdings Ltd.), Guarantee (Norwegian Cruise Line Holdings Ltd.), Guarantee (Norwegian Cruise Line Holdings Ltd.)
Sums deemed due to a Lender. For the purposes of this Clause 13 (Set-Off)13, a sum payable by the Guarantor to the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender's ’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to that Lender.
Appears in 2 contracts
Samples: Guarantee (Prestige Cruises International, Inc.), Guarantee (Prestige Cruises International, Inc.)
Sums deemed due to a Lender. For the purposes of this Clause 13 (Set-Off)13, a sum payable by the Guarantor to the Security Trustee Agent acting on behalf of the Creditor Parties for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to that Lender.
Appears in 2 contracts
Samples: Guarantee (Norwegian Cruise Line Holdings Ltd.), Guarantee (Norwegian Cruise Line Holdings Ltd.)
Sums deemed due to a Lender. For the purposes of this Clause 13 (Set-Off)14, a sum payable by the Guarantor to the Facility Agent or the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender's ’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to that Lender.
Appears in 2 contracts
Samples: Guarantee (Capital Product Partners L.P.), Guarantee (Capital Product Partners L.P.)
Sums deemed due to a Lender. For the purposes of this Clause 13 (Set-Off)13, a sum payable by the Guarantor to the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to that Lender.
Appears in 2 contracts
Samples: Guarantee (Norwegian Cruise Line Holdings Ltd.), Guarantee (Norwegian Cruise Line Holdings Ltd.)
Sums deemed due to a Lender. For the purposes of this Clause 13 (Set-Off), a sum payable by the Guarantor to the Agent or the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to that Lender.
Appears in 2 contracts
Samples: Guarantee (International Seaways, Inc.), Guarantee (Euronav NV)
Sums deemed due to a Lender. For the purposes of this Clause 13 (Set-Off)13, a sum payable by the Guarantor to the Agent or the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to that Lender.
Appears in 2 contracts
Samples: Guarantee (EuroDry Ltd.), Guarantee (TBS International PLC)
Sums deemed due to a Lender. For the purposes of this Clause 13 15 (Set-Off), a sum payable by the Guarantor to the Agent or the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to that Lender.
Appears in 1 contract
Sums deemed due to a Lender. For the purposes of this Clause 13 (Set-Off)13, a sum payable by the Guarantor to the Agent or the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender's ’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to that Lender.
Appears in 1 contract
Samples: Guarantee (Seacastle Inc.)
Sums deemed due to a Lender. For the purposes of this Clause 13 14 (Set-Off), a sum payable by the Corporate Guarantor to the Agent or the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to that Lender.
Appears in 1 contract
Samples: Guarantee (DryShips Inc.)
