Common use of Unrest Clause in Contracts

Unrest. the Flag State of any Ship becomes involved in hostilities or civil war or there is a seizure of power in the Flag State of any Ship by unconstitutional means; or

Appears in 8 contracts

Samples: Ninth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Quintana Shipping Ltd.)

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Unrest. the Flag State of any Ship becomes involved in hostilities or civil war or there is a seizure of power in the such Flag State of any Ship by unconstitutional meansmeans if, in any such case, such event could in the opinion of the Bank reasonably be expected to have a material adverse effect on the security constituted by any of the Security Documents; or

Appears in 8 contracts

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Freeseas Inc.), Facility Agreement (Globus Maritime LTD)

Unrest. the Flag State of any Ship the Vessel becomes involved in hostilities or civil war or there is a seizure of power in the such Flag State by unconstitutional means if, in any such case, such event could in the opinion of the Lender reasonably be expected to have a material adverse effect on the security constituted by any of the Security Documents, unless the Ship is re-registered within thirty (30) days from the occurrence of such event on a Flag State which is not affected by hostilities or civil war or a seizure of power by unconstitutional means; or

Appears in 2 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)

Unrest. the Flag State of any Ship becomes involved in hostilities or civil war or there is a seizure of power in the Flag State of any Ship by unconstitutional meansmeans if, in any such case such event could in the opinion of the Agent reasonably be expected to have a material adverse effect on the security constituted by any of the Security Documents; or

Appears in 2 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Diana Containerships Inc.)

Unrest. the Flag State of any either Ship becomes involved in hostilities or civil war or there is a seizure of power in the Flag State of any either Ship by unconstitutional meansmeans if, in any such case such event could in the opinion of the Agent reasonably be expected to have a material adverse effect on the security constituted by any of the Security Documents; or

Appears in 2 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (DryShips Inc.)

Unrest. the Flag State of any either Ship becomes involved in hostilities or civil war or there is a seizure of power in the Flag State of any either Ship by unconstitutional means; or

Appears in 2 contracts

Samples: Supplemental Agreement (Diana Shipping Inc.), Loan Agreement (Quintana Shipping Ltd.)

Unrest. the relevant Flag State of any Ship becomes involved in hostilities or civil war or there is a seizure of power in the relevant Flag State of any Ship by unconstitutional meansmeans if, in any such case, such event could in the opinion of the Facility Agent (acting on the instructions of the Majority Lenders) reasonably be expected to have a material adverse effect on the security constituted by any of the Finance Documents; or

Appears in 2 contracts

Samples: On Delivery Facility Agreement (Paragon Shipping Inc.), On Delivery Buyer Credit Facility Agreement (DryShips Inc.)

Unrest. the Flag State of any Ship becomes involved in hostilities or civil war or there is a seizure of power in the Flag State State. of any Ship by unconstitutional means; or

Appears in 2 contracts

Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

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Unrest. the Flag State of any Ship becomes involved in hostilities or civil war or there is a seizure of power in the Flag State of any Ship by unconstitutional meansmeans if, in any such case, (a) such event could in the opinion of the Bank reasonably be expected to have a material adverse effect on the security constituted by any of the Security Documents; or

Appears in 1 contract

Samples: Junior Loan Agreement (FreeSeas Inc.)

Unrest. the The Flag State of any Ship Vessel becomes involved in hostilities or civil war or there is a seizure of power in the such Flag State of any Ship by unconstitutional means; ormeans if, in any such case, such event could in the opinion of the Lender reasonably be expected to have a material adverse effect on the security constituted by any of the Finance Documents.

Appears in 1 contract

Samples: Rollover Loan Agreement (Freeseas Inc.)

Unrest. the Flag State of any Ship becomes involved in hostilities or civil war or there is a seizure of power in the Flag State of any Ship by unconstitutional meansmeans if, in any such case, (a) such event could in the opinion of the Agent (acting on the instructions of the Majority Banks) reasonably be expected to have a material adverse effect on the security constituted by any of the Security Documents; or

Appears in 1 contract

Samples: Senior Loan Agreement (FreeSeas Inc.)

Unrest. the Flag State of any Ship a Vessel becomes involved in hostilities or civil war or there is a seizure of power in the such Flag State of any Ship by unconstitutional meansmeans if, in any such case, such event could in the opinion of the Lender reasonably be expected to have a Material Adverse Effect on the security constituted by any of the Finance Documents; or

Appears in 1 contract

Samples: Loan Agreement (Imperial Petroleum Inc./Marshall Islands)