Common use of Termination of Transactions Clause in Contracts

Termination of Transactions. If the exercise of the Bank’s rights under Clause 9.5 results in the termination of any Transaction (save in the case termination takes place due to voluntary prepayment), that Transaction shall, for the purposes of the Master Swap Agreement (including, without limitation, section 6(e)(i) of the Master Swap Agreement) be treated as a Terminated Transaction resulting from an Event of Default by the Borrower,

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

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Termination of Transactions. If the exercise of the Banka Lender’s rights under Clause 9.5 15.4 results in the termination of any Transaction (save in the case termination takes place due to voluntary prepayment)Transaction, that Transaction shall, for the purposes of the relevant Master Swap Agreement (including, without limitation, section 6(e)(i) of the Master Swap Agreement) be treated as a Terminated Transaction resulting from an Event of Default by the Borrower,.

Appears in 1 contract

Samples: Secured Loan Facility Agreement (NCL CORP Ltd.)

Termination of Transactions. If the exercise of the Bank’s 's rights under Clause 9.5 7.5 results in the termination of any Transaction (save in the case termination takes place due to voluntary prepayment)Transaction, that Transaction shall, for the purposes of the Master Swap Agreement (including, without limitation, section 6(e)(i) of the Master Swap Agreement) be treated as a Terminated Transaction resulting from an Event of Default by the Borrower,Borrowers.

Appears in 1 contract

Samples: Loan Facility Agreement (Excel Maritime Carriers LTD)

Termination of Transactions. If the exercise of the Bank’s a Lender's rights under Clause 9.5 15.4 results in the termination of any Transaction (save in the case termination takes place due to voluntary prepayment)Transaction, that Transaction shall, for the purposes of the relevant Master Swap Agreement (including, without limitation, section 6(e)(i) of the Master Swap Agreement) be treated as a Terminated Transaction resulting from an Event of Default by the Borrower,.

Appears in 1 contract

Samples: Secured Loan Facility Agreement (NCL CORP Ltd.)

Termination of Transactions. If the exercise of the BankLender’s rights under Clause 9.5 15.2 (Additional Termination) and/or Clause 15.4 (Authority) results in the termination of any Transaction (save in the case termination takes place due to voluntary prepayment)Transaction, that Transaction shall, for the purposes of the Master Swap Agreement (including, without limitation, section 6(e)(i) 7.1 of the Master Swap Agreement) be treated as a Terminated Transaction terminated transaction resulting from an Event of Default by the Borrower,.

Appears in 1 contract

Samples: Secured Loan Agreement (DryShips Inc.)

Termination of Transactions. If the exercise of the BankLender’s rights under Clause 9.5 8.5 results in the termination of any Transaction (save in the case termination takes place due to voluntary prepayment)Transaction, that Transaction shall, for the purposes of the Master Swap Agreement (including, without limitation, section 6(e)(i) of the Master Swap Agreement) be treated as a Terminated Transaction resulting from an Event of Default by the Borrower,Borrowers.

Appears in 1 contract

Samples: Secured Loan Agreement (Danaos Corp)

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Termination of Transactions. If the exercise of the Bank’s 's rights under Clause 9.5 results in the termination of any Transaction (save in the case termination takes place due to voluntary prepayment), that Transaction shall, for the purposes of the Master Swap Agreement (including, without limitation, section 6(e)(i) of the Master Swap Agreement) be treated as a Terminated Transaction resulting from an Event of Default by the Borrower,.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Termination of Transactions. If the exercise of the Bank’s Lender's rights under Clause 9.5 8.4 results in the termination of any Transaction (save in the case termination takes place due to voluntary prepayment)Transaction, that Transaction shall, for the purposes of the Master Swap Agreement (including, without limitation, section 6(e)(i) of the Master Swap Agreement) be treated as a Terminated Transaction resulting from an Event of Default by the Borrower,.

Appears in 1 contract

Samples: Secured Loan Agreement (Paragon Shipping Inc.)

Termination of Transactions. If the exercise of the Bank’s rights under Clause 9.5 results in the termination of any Transaction (save in the case termination takes place due to voluntary prepayment), that Transaction shall, for the purposes of the Master Swap Agreement (including, without limitation, section 6(e)(i) of the Master Swap Agreement) be treated as a Terminated Transaction resulting from an Event of Default by the Borrower,.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

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