Alternatively. the Security Agent may resign by giving 30 days’ notice to the other Finance Parties and the Borrowers, in which case the Majority Xxxxxxx may appoint a successor Security Agent.
Appears in 8 contracts
Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (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 Xxxxxxx Lenders may appoint a successor Security Agent.
Appears in 4 contracts
Samples: Assignment Agreement (Global Ship Lease, Inc.), Junior Facility Agreement (Global Ship Lease, Inc.), Facility Agreement (Navios Maritime Holdings 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 Xxxxxxx Lenders may appoint a successor Security Agent.
Appears in 2 contracts
Samples: Facilities Agreement (Igate Corp), Facility Agreement (Ozon Holdings PLC)
Alternatively. the Security Agent may resign by giving 30 days’ ' notice to the other Finance Parties and the BorrowersBorrower, in which case the Majority Xxxxxxx Lenders may appoint a successor Security Agent.
Appears in 2 contracts
Samples: Assignment Agreement (Grindrod Shipping Holdings Ltd.), Assignment Agreement (Ocean Rig UDW 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 Xxxxxxx Lenders may appoint a successor Security Agent.
Appears in 1 contract
Samples: Facility Agreement (Grindrod Shipping Holdings Pte. 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 Xxxxxxx Lenders (after consultation with the Company) may appoint a successor Agent or, as the case may be, Security Agent.
Appears in 1 contract
Alternatively. the Security Agent may resign by giving 30 days’ ' notice to the other Finance Parties and the BorrowersBorrower, in which case the Majority Xxxxxxx may appoint a successor Security Agent.
Appears in 1 contract
Samples: Euronav NV
Alternatively. the Security Agent may resign by giving 30 days’ ' notice to the other Finance Parties and the Borrowers, in which case the Majority Xxxxxxx may appoint a successor Security Agent.
Appears in 1 contract
Alternatively. the Security Agent may resign by giving 30 days’ ' notice to the other Finance Parties and the BorrowersBorrower, in which case the Majority Xxxxxxx Lenders may (after consultation with the Borrower) appoint a successor Security Agent.
Appears in 1 contract
Samples: Assignment Agreement (Taylor Maritime Investments LTD)
