Common use of THIRDLY Clause in Contracts

THIRDLY. in retention of an amount equal to any amount not then due and payable under any Finance Document but which the Agent, by notice to the Borrowers, the Security Parties and the other Creditor Parties, states in its opinion will or may become due and payable in the future and, upon those amounts becoming due and payable, in or towards satisfaction of them in accordance with the foregoing provisions of this Clause; and

Appears in 3 contracts

Samples: Loan Agreement (TBS International PLC), Loan Agreement (TBS International PLC), Loan Agreement (TBS International LTD)

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THIRDLY. in retention of an amount equal to any amount not then due and payable under any Finance Document (other than a Master Agreement) but which the Facility Agent, by notice to the Borrowers, the Security Parties and the other Creditor Parties, states in its opinion will or may become due and payable in the future and, upon those amounts becoming due and payable, in or towards satisfaction of them in accordance with the foregoing provisions of this Clause; and;

Appears in 2 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

THIRDLY. in retention of an amount equal to any amount not then due and payable under any Finance Document (other than the Master Agreement) but which the Facility Agent, by notice to the BorrowersBorrower, the Security Parties and the other Creditor Parties, states in its opinion will or may become due and payable in the future and, upon those amounts becoming due and payable, in or towards satisfaction of them in accordance with the foregoing provisions of this Clause; and;

Appears in 2 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

THIRDLY. in retention of an amount equal to any amount not then due and payable under any Finance Document but which the Agent, by notice to the BorrowersBorrower, the Security Parties and the other Creditor Parties, states in its opinion will or may become due and payable in the future and, upon those amounts becoming due and payable, in or towards satisfaction of them in accordance with the foregoing provisions of this Clause; andClause 17.1(b);

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

THIRDLY. in retention of an amount equal to any amount not then due and payable to the Creditor Parties (other than the Swap Banks) under any Finance Document but which the Agent, by notice to the Borrowers, the Security Parties and the other Creditor Parties, states in its opinion will or may become due and payable in the future and, upon those amounts becoming due and payable, in or towards satisfaction of them in accordance with the foregoing provisions of this Clause; andClause (b);

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

THIRDLY. in retention of an amount equal to any amount not then due and payable under any Finance Document but which the Agent, by notice to the BorrowersBorrower, the Security Parties and the other Creditor Parties, states in its opinion will or may become due and payable in the future and, upon those amounts becoming due and payable, in or towards satisfaction of them in accordance with the foregoing provisions of this Clause; andClause 17.1(a);

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

THIRDLY. in retention of an amount equal to any amount not then due and payable under any Finance Document or any Master Agreement but which the Agent, by notice to the BorrowersBorrower, the Security Parties and the other Creditor Parties, states in its opinion will or may become due and payable in the future and, upon those amounts becoming due and payable, in or towards satisfaction of them in accordance with the foregoing provisions of this ClauseClause 17.1(b); and

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

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THIRDLY. in retention of an amount equal to any amount not then due and payable under any Finance Document (other than the Master Agreement) but which the Agent, by notice to the Borrowers, the Security Parties and the other Creditor Parties, states in its opinion will or may become due and payable in the future and, upon those amounts becoming due and payable, in or towards satisfaction of them in accordance with the foregoing provisions of this Clause; andClause 17;

Appears in 1 contract

Samples: Agreement (Seanergy Maritime Holdings Corp.)

THIRDLY. in retention of an amount equal to any amount not then due and payable under any Finance Document but which the Agent, by notice to the BorrowersBorrower, the Security Parties and the other Creditor Parties, states in its opinion will or may become due and payable in the future and, upon those amounts becoming due and payable, in or towards satisfaction of them in accordance with the foregoing provisions of this Clause; andparagraph (a) of Clause 17.1 (Normal order of application).1;

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

THIRDLY. in retention of an amount equal to any amount not then due and payable under any Finance Document or the Master Agreements (or any of them) but which the Agent, by notice to the Borrowers, the Security Parties and the other Creditor Parties, states in its opinion will or may become due and payable in the future and, upon those amounts becoming due and payable, in or towards satisfaction of them in accordance with the foregoing provisions of this Clause; and

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

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