Alternatively. the Security Agent may resign by giving 30 days’ notice to the other Finance Parties and the Borrowers, in which case the Majority ▇▇▇▇▇▇▇ may appoint a successor Security Agent.
Appears in 8 contracts
Sources: Facility Agreement (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.)
Alternatively. the Security Agent may resign by giving 30 days’ notice to the other Finance Parties and the Borrowers, in which case the Majority ▇▇▇▇▇▇▇ Lenders may appoint a successor Security Agent.
Appears in 4 contracts
Sources: Term Loan Facility Agreement (Castor Maritime Inc.), Term Loan Facility (Global Ship Lease, Inc.), Term Loan Facility (Global Ship Lease, Inc.)
Alternatively. the Security Agent may resign by giving 30 days’ ' notice to the other Finance Parties and the BorrowersBorrower, in which case the Majority ▇▇▇▇▇▇▇ may appoint a successor Security Agent.
Appears in 3 contracts
Sources: Facility Agreement (Euroseas Ltd.), Amendment and Restatement Agreement (CMB.TECH Nv), Facilities Agreement (Euronav NV)
Alternatively. the Security Agent may resign by giving 30 days’ ' notice to the other Finance Parties and the BorrowersBorrower, in which case the Majority ▇▇▇▇▇▇▇ Lenders may appoint a successor Security Agent.
Appears in 2 contracts
Sources: Term Loan Facility (Grindrod Shipping Holdings Ltd.), Addendum to First Preferred Marshall Islands Mortgage (Ocean Rig UDW Inc.)
Alternatively. the Security Agent may resign by giving 30 days’ notice to the other Finance Parties Lenders and the BorrowersBorrower, in which case the Majority ▇▇▇▇▇▇▇ Lenders may appoint a successor Security Agent.
Appears in 2 contracts
Sources: Facility Agreement (Ozon Holdings PLC), Syndication and Amendment Agreement (Igate Corp)
Alternatively. the Security Agent may resign by giving 30 days’ ' notice to the other Finance Parties and the Borrowers, in which case the Majority ▇▇▇▇▇▇▇ may appoint a successor Security Agent.
Appears in 2 contracts
Sources: Term Loan Facility Agreement (Icon Energy Corp), Term Loan Facility (United Maritime Corp)
Alternatively. the Security Agent may resign by giving 30 days’ notice to the other Finance Parties and the BorrowersBorrower, in which case the Majority ▇▇▇▇▇▇▇ Lenders may appoint a successor Security Agent.
Appears in 1 contract
Sources: Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Alternatively. the Security Agent may resign by giving 30 days’ ' notice to the other Finance Parties and the BorrowersBorrower, in which case the Majority ▇L▇▇▇▇▇▇ may appoint a successor Security Agent.
Appears in 1 contract
Sources: Facility Agreement (Euroseas Ltd.)
Alternatively. the Security Agent may resign by giving 30 days’ ' notice to the other Finance Parties and the BorrowersBorrower, in which case the Majority ▇▇▇▇▇▇▇ Lenders may (after consultation with the Borrower) appoint a successor Security Agent.
Appears in 1 contract
Sources: Facility Agreement (Taylor Maritime Investments LTD)
Alternatively. the Agent or the Security Agent may resign by giving 30 days’ notice to the other Finance Parties and the BorrowersCompany, in which case the Majority ▇▇▇▇▇▇▇ Lenders (after consultation with the Company) may appoint a successor Agent or, as the case may be, Security Agent.
Appears in 1 contract
Sources: Revolving Senior Secured Credit Facility Agreement (Gold Fields LTD)