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: Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (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: Loan Agreement, Loan Agreement (Prestige Cruises International, Inc.), Loan Agreement (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: Loan Agreement, Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Global Ship Lease, 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: Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (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 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: Scorpio Tankers Inc., Pyxis Tankers Inc., Box Ships 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: Norwegian Cruise Line Holdings Ltd., 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 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: Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (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: Loan Agreement (Prestige Cruises International, Inc.), Loan Agreement (Prestige Cruises International, 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 2 contracts
Samples: EuroDry Ltd., 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 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: International Seaways, Inc., 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: Master Agreement (EuroDry Ltd.), Guarantee (TBS International PLC)
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: Capital Product Partners L.P., Capital Product Partners L.P.
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
Samples: DryShips 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: Loan Agreement (DryShips 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.. 15 SUPPLEMENTAL 15.1
Appears in 1 contract
Samples: Loan Agreement (DryShips 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 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.)
