Common use of The Parallel Debt of a Borrower Clause in Contracts

The Parallel Debt of a Borrower. shall become due and payable at the same time as its Corresponding Debt;

Appears in 7 contracts

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

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The Parallel Debt of a Borrower. (i) shall become due and payable at the same time as its Corresponding Debt; (ii) is independent and separate from, and without prejudice to, its Corresponding Debt.

Appears in 6 contracts

Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Term Loan Facility (Navios South American Logistics Inc.)

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The Parallel Debt of a Borrower. (i) shall become due and payable at the same time as its Corresponding Debt; (ii) (ii)is independent and separate from, and without prejudice to, its Corresponding Debt.

Appears in 1 contract

Samples: Amending and Restating Agreement (Poseidon Containers Holdings Corp.)

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