Common use of Compositions Clause in Contracts

Compositions. any limited partnership, limited liability company or corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party (other than the Manager) or Navios GP or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness or to proposing any kind of composition, compromise or arrangement involving such limited partnership, limited liability company or corporation and any of its creditors; or

Appears in 3 contracts

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

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Compositions. any limited partnership, limited liability company or corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party (other than the Manager) or Navios GP or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness or to proposing any kind of composition, compromise or arrangement involving such limited partnership, limited liability company or corporation and any of its creditors; or

Appears in 2 contracts

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

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Compositions. any limited partnership, limited liability company or corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party (or other than member of the Manager) or Navios GP Group or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness indebtedness or to proposing any kind of composition, compromise or arrangement involving such limited partnership, limited liability company or corporation person and any of its creditors; or

Appears in 1 contract

Samples: Loan Agreement (Poseidon Containers Holdings Corp.)

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