Common use of Termination of Transactions Clause in Contracts

Termination of Transactions. If the exercise of the Agent's rights under Clause 7.5 results in the termination of any Transaction, that Transaction shall, for the purposes of the Master Agreement (including, without limitation, section 6(e)(i) of the Master 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 Agent's rights under Clause 7.5 results in the termination of any Transaction, that Transaction shall, for the purposes of the Master Agreement (including, without limitation, section 6(e)(i) of the Master Agreement) be treated as a Terminated Transaction resulting from an as Event of Default by the BorrowerBorrowers.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Termination of Transactions. If the exercise of the AgentLender's rights under Clause 7.5 8.4 results in the termination of any Transaction, that Transaction shall, for the purposes of the Master Agreement (including, without limitation, section 6(e)(i) of the Master Agreement) be treated as a Terminated Transaction resulting from an Event of Default by the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Termination of Transactions. If the exercise of the Agent's Lender’s rights under Clause 7.5 8.5 results in the termination of any Transaction, that Transaction shall, for the purposes of the Master Agreement (including, without limitation, section 6(e)(i) of the Master Agreement) be treated as a Terminated Transaction resulting from an Event of Default by the BorrowerBorrowers.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Termination of Transactions. If the exercise of the Agenta Lender's rights under Clause 7.5 15.4 results in the termination of any Transaction, that Transaction shall, for the purposes of the relevant Master Agreement (including, without limitation, section 6(e)(i) of the Master Agreement) be treated as a Terminated Transaction resulting from an Event of Default by the Borrower.

Appears in 1 contract

Samples: Facility Agreement (NCL CORP Ltd.)

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Termination of Transactions. If the exercise of the Agent's Lender’s rights under Clause 7.5 15.2 (Additional Termination) and/or Clause 15.4 (Authority) results in the termination of any Transaction, that Transaction shall, for the purposes of the Master Agreement (including, without limitation, section 6(e)(i) 7.1 of the Master Agreement) be treated as a Terminated Transaction terminated transaction resulting from an Event of Default by the Borrower.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Termination of Transactions. If the exercise of the AgentBank's rights under Clause 7.5 results in the termination of any Transaction, that Transaction shall, for the purposes of the Master Agreement (including, without limitation, section 6(e)(i) of the Master Agreement) be treated as a Terminated Transaction resulting from an Event of Default by the BorrowerBorrowers.

Appears in 1 contract

Samples: Loan Agreement (Excel Maritime Carriers LTD)

Termination of Transactions. If the exercise of the Agent's a Lender’s rights under Clause 7.5 15.4 results in the termination of any Transaction, that Transaction shall, for the purposes of the relevant Master Agreement (including, without limitation, section 6(e)(i) of the Master Agreement) be treated as a Terminated Transaction resulting from an Event of Default by the Borrower.

Appears in 1 contract

Samples: Facility Agreement (NCL CORP Ltd.)

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