The Parallel Debt of an Obligor. (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.
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Samples: Term Loan Facility (Okeanis Eco Tankers Corp.), Facility Agreement (Navios Maritime Partners L.P.)
The Parallel Debt of an Obligor. (ia) shall become due and payable at the same time as its Corresponding Debt;
(iib) is independent and separate from, and without prejudice to, its Corresponding Debt.
Appears in 1 contract
The Parallel Debt of an Obligor. (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 1 contract
