Common use of Arrest Clause in Contracts

Arrest. Any arrest of a Ship or its detention in the exercise or the purported exercise of any lien or claim unless it is redelivered to the full control of the relevant Borrower within 30 days of such arrest or detention.

Appears in 17 contracts

Sources: Reducing Revolving Credit Loan Facility (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.)

Arrest. Any arrest of a Ship or, as the case may be, the Collateral Ship, or its detention in the exercise or the purported exercise of any lien or claim unless it is redelivered to the full control of the relevant Borrower or, as the case may be, the Collateral Owner, within 30 days of such arrest or detention.

Appears in 2 contracts

Sources: Facility Agreement (United Maritime Corp), Term Loan Facility (Seanergy Maritime Holdings Corp.)

Arrest. Any arrest of a the Ship or its detention in the exercise or the purported exercise of any lien or claim claim, unless it is redelivered to the full control of the relevant Borrower within 30 45 days of such arrest or detention.

Appears in 2 contracts

Sources: Facility Agreement (Euroseas Ltd.), Facility Agreement (Euroseas Ltd.)

Arrest. Any arrest of a Ship or its detention in the exercise or the purported exercise of any lien or claim unless it is redelivered to the full control of the relevant Borrower within 30 90 days of such arrest or detention.

Appears in 2 contracts

Sources: Term Loan Facility (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.)

Arrest. Any arrest of a Ship or its detention in the exercise or the purported exercise of any lien or claim unless it is redelivered to the full control of the relevant Borrower within 30 90 calendar days of such arrest or detention.

Appears in 2 contracts

Sources: Facility Agreement (Okeanis Eco Tankers Corp.), Facility Agreement (Okeanis Eco Tankers Corp.)

Arrest. Any arrest of a Ship Vessel or its detention in the exercise or the purported exercise of any lien or claim unless it is redelivered to the full control of the relevant Borrower Collateral Owner within 30 days Business Days of such arrest or detention.

Appears in 2 contracts

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

Arrest. Any arrest of a the Ship or its detention in the exercise or the purported exercise of any lien or claim unless it is redelivered to the full control of the relevant Borrower within 30 days of such arrest or detention.

Appears in 1 contract

Sources: Term Loan Facility (Okeanis Eco Tankers Corp.)

Arrest. Any arrest of a Ship or its detention in the exercise or the purported exercise of any lien or claim unless it is redelivered to the full control of the relevant Borrower within 30 days of such arrest or detentiondetention (or such longer period as may be required in the circumstances based on the assessment of the Facility Agent acting with the authorisation of the Majority Lenders).

Appears in 1 contract

Sources: Term Loan Facility (Global Ship Lease, Inc.)

Arrest. Any arrest of a Ship or its detention in the exercise or the purported exercise of any lien or claim unless it is redelivered to the full control of the relevant Borrower within 30 14 days of such arrest or detention.

Appears in 1 contract

Sources: Facility Agreement (Seanergy Maritime Holdings Corp.)

Arrest. Any arrest of a the Ship or its detention in the exercise or the purported exercise of any lien or claim unless it is redelivered to the full control of the relevant Borrower within 30 21 days of such arrest or detention.

Appears in 1 contract

Sources: Term Loan Facility (Pyxis Tankers Inc.)

Arrest. Any arrest of a the Ship or its detention in the exercise or the purported exercise of any lien or claim unless it is redelivered to the full control of the relevant Borrower within within: (a) 30 days if the Ship is off-hire; or (b) 45 days of the Ship is on-hire, of such arrest or detention.

Appears in 1 contract

Sources: Term Loan Facility Agreement (Globus Maritime LTD)

Arrest. Any arrest of a Ship or its detention in the exercise or the purported exercise of any lien or claim unless it is redelivered to the full control of the relevant Borrower within 30 25 days of such arrest or detention.

Appears in 1 contract

Sources: Term Loan Facility (Okeanis Eco Tankers Corp.)

Arrest. Any arrest of a Ship or its detention in the exercise or the purported exercise of any lien or claim unless it is redelivered to the full control of the relevant Borrower within 30 60 days of such arrest or detention.

Appears in 1 contract

Sources: Term Loan Facility Agreement (Seanergy Maritime Holdings Corp.)

Arrest. Any arrest of a Ship or its detention in the exercise or the purported exercise of any lien or claim unless it is redelivered to the full control of the relevant Borrower within 30 45 days of such arrest or detention.

Appears in 1 contract

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

Arrest. Any arrest of a Ship or its detention in the exercise or the purported exercise of any lien or claim unless it is redelivered to the full control of the relevant Borrower Collateral Guarantor within 30 days of such arrest or detention.

Appears in 1 contract

Sources: Facility Agreement (Taylor Maritime Investments LTD)

Arrest. Any arrest of a the Ship or its detention in the exercise or the purported exercise of any lien or claim unless it is redelivered to the full control of the relevant Borrower within 30 45 days of such arrest or detention.

Appears in 1 contract

Sources: Secured Term Loan Facility (United Maritime Corp)