Common use of Cessation of Business Clause in Contracts

Cessation of Business. any Security Party suspends or ceases or threatens to suspend or cease to carry on its business; or

Appears in 29 contracts

Samples: Loan Agreement (Pyxis Tankers Inc.), Supplemental Agreement (Top Ships Inc.), Facilities Agreement (Aries Maritime Transport LTD)

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Cessation of Business. any Security Party suspends or ceases or threatens to suspend or cease to carry on its business; or

Appears in 9 contracts

Samples: Loan Agreement (Pyxis Tankers Inc.), Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Acquisition CORP)

Cessation of Business. any Security Party or any other Relevant Party suspends or ceases or threatens to suspend or cease to carry on its business; or

Appears in 8 contracts

Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Diana Shipping Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)

Cessation of Business. any Security Party or other Relevant Party suspends or ceases or threatens to suspend or cease to carry on its business; or

Appears in 6 contracts

Samples: Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.), Supplemental Agreement (Gala Properties Inc.)

Cessation of Business. any Security Party or any other member of the Group suspends or ceases or threatens to suspend or cease to carry on its business; or

Appears in 5 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Agreement (DryShips Inc.), Agreement (Diana Containerships Inc.)

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Cessation of Business. any Security Party suspends or ceases or threatens to suspend or cease to carry on its businessbusiness without the prior consent of the Lender; or

Appears in 2 contracts

Samples: Agreement (EuroDry Ltd.), Agreement (EuroDry Ltd.)

Cessation of Business. any Security Party suspends or ceases or threatens to suspend or cease to carry on its businessbusiness without the prior consent of the Tender; or

Appears in 1 contract

Samples: Agreement (Euroseas Ltd.)

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