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Common use of War Clause in Contracts

War. If the country of registration of the Vessel becomes involved in war (whether or not declared) or civil war or is occupied by any other power and the Facility Agent reasonably considers that, as a result, the security conferred by the Facility Security Documents is materially prejudiced; or

Appears in 5 contracts

Samples: Loan Agreement (Teekay Offshore Partners L.P.), Secured Term Loan Facility (Teekay Offshore Partners L.P.), Loan Agreement

War. If the country of registration of the any Collateral Vessel becomes involved in war involving another sovereign state (whether or not declared) or civil war or is occupied by any other power and the Facility Agent reasonably considers that, as a result, the security conferred by the Facility Transaction Security Documents is materially prejudiced; or.

Appears in 2 contracts

Samples: Multicurrency Facility Agreement (Gulfmark Offshore Inc), Facility Agreement (Gulfmark Offshore Inc)

War. If the The country of registration of the a Vessel becomes involved in war (whether or not declared) or civil war or is occupied by any other power and the Facility Agent reasonably in its discretion considers that, as a result, the security conferred by any of the Facility Security Documents is materially prejudiced; or.

Appears in 2 contracts

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

War. If the The country of registration of the a Vessel becomes involved in war (whether or not declared) or civil war or is occupied by any other power and the Facility Agent reasonably considers thatand, as a result, the security conferred by any of the Facility Security Documents is materially prejudiced; or.

Appears in 1 contract

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

War. If if the country of registration of the Vessel Vessels, or either of them, becomes involved in war (whether or not declared) or civil war or is occupied by any other power and the Facility Agent reasonably in its discretion considers that, as a result, the security conferred by the Facility Security Documents is materially prejudiced; or

Appears in 1 contract

Samples: Secured Loan Facility Agreement (Euroseas Ltd.)