Common use of The Banks Clause in Contracts

The Banks. and the Borrowers hereby agree and declare that the benefit of this clause 20 shall extend to and may be enforced by any officer, employee, agent or business associate of any of the Banks against whom a Borrower brings a claim in connection howsoever with any of the Security Documents or any assets subject thereto or any action of any kind whatsoever taken by, or on behalf of or for the purported benefit of any Bank pursuant thereto or which, if it were brought against the Lender, would fall within the material scope of clause 20. 1. In those circumstances this clause 20 shall be read and construed as if references to any Bank were references to such officer, employee, agent or business associate, as the case may be.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

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The Banks. and the Borrowers hereby agree and declare that the benefit of this clause 20 shall extend to and may be enforced by any officer, employee, agent or business associate of any of the Banks against whom a Borrower brings a claim in connection howsoever with any of the Security Documents or any assets subject thereto or any action of any kind whatsoever taken by, or on behalf of or for the purported benefit of any Bank pursuant thereto or which, if it were brought against the Lenderany Bank, would fall within the material scope of clause 20. 1. In those circumstances this clause 20 shall be read and construed as if references to any Bank were references to such officer, employee, agent or business associate, as the case may be.. 59

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Acquisition CORP)

The Banks. and the Borrowers hereby agree and declare that the benefit of this clause 20 shall extend to and may be enforced by any officer, employee, agent or business associate of any of the Banks against whom a Borrower brings a claim in connection howsoever with any of the Security Documents or any assets subject thereto or any action of any kind whatsoever taken by, or on behalf of or for the purported benefit of any Bank pursuant thereto or which, if it were brought against the Lenderany Bank, would fall within the material scope of clause 20. 1. In those circumstances this clause 20 shall be read and construed as if references to any Bank were references to such officer, employee, agent or business associate, as the case may be.. 56 Table of Contents

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Acquisition CORP)

The Banks. and the Borrowers hereby agree and declare that the benefit of this clause 20 shall extend to and may be enforced by any officer, employee, agent or business associate of any of the Banks against whom a Borrower brings a claim in connection howsoever with any of the Security Documents or any assets subject thereto or any action of any kind whatsoever taken by, or on behalf of or for the purported benefit of any Bank pursuant thereto or which, if it were brought against the Lenderany Bank, would fall within the material scope of clause 20. 1. In those circumstances this clause 20 shall be read and construed as if references to any Bank were references to such officer, employee, agent or business associate, as the case may be.. Execution Pages

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

The Banks. and the Borrowers hereby agree and declare that the benefit of this clause 20 shall extend to and may be enforced by any officer, employee, agent or business associate of any of the Banks against whom a Borrower brings a claim in connection howsoever with any of the Security Documents or any assets subject thereto or any action of any kind whatsoever taken by, or on behalf of or for the purported benefit of any Bank pursuant thereto or which, if it were brought against the Lenderany Bank, would fall within the material scope of clause 20. 1. In those circumstances this clause 20 shall be read and construed as if references to any Bank were references to such officer, employee, agent or business associate, as the case may be.

Appears in 1 contract

Samples: Facility Agreement for a Term Loan Facility (Navios Maritime Partners L.P.)

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The Banks. and the Borrowers hereby agree and declare that the benefit of this clause 20 shall extend to and may be enforced by any officer, employee, agent or business associate of any of the Banks against whom a Borrower Xxxxxxxx brings a claim in connection howsoever with any of the Security Documents or any assets subject thereto or any action of any kind whatsoever taken by, or on behalf of or for the purported benefit of any Bank pursuant thereto or which, if it were brought against the Lenderany Bank, would fall within the material scope of clause 20. 1. In those circumstances this clause 20 shall be read and construed as if references to any Bank were references to such officer, employee, agent or business associate, as the case may be.. Table of Contents

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

The Banks. and the Borrowers Borrower hereby agree agrees and declare declares that the benefit of this clause 20 19 shall extend to and may be enforced by any officer, employee, agent or business associate of any of the Banks against whom a the Borrower brings a claim in connection howsoever with any of the Security Documents or any assets subject thereto or any action of any kind whatsoever taken by, or on behalf of or for the purported benefit of any Bank pursuant thereto or which, if it were brought against the Lender, would fall within the material scope of clause 2019. 1. In those circumstances this clause 20 19 shall be read and construed as if references to any Bank were references to such officer, employee, agent or business associate, as the case may be.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

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