Common use of Unrest Clause in Contracts

Unrest. the Flag State becomes involved in hostilities or civil war or there is a seizure of power in the Flag State by unconstitutional means 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 7 contracts

Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

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

Appears in 5 contracts

Samples: Facilities Agreement (Aries Maritime Transport LTD), Facilities Agreement (Omega Navigation Enterprises, Inc.), Agreement (Aries Maritime Transport LTD)

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Unrest. the any Flag State becomes involved in hostilities or civil war or there is a seizure of power in the any Flag State by unconstitutional means 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 5 contracts

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

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