Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under the Indenture, the Assignor shall be entitled to exercise all its rights and remedies under the Collateral (subject to the provisions of this Assignment) in all respects as if this Assignment had not been made. All proceeds of insurances shall be applied as set forth in the Indenture and the Ship Mortgage.
Appears in 7 contracts
Samples: Intercreditor Agreement (Navios Maritime Holdings Inc.), Supplemental Indenture (Navios Maritime Holdings Inc.), Indenture (Navios Maritime Holdings Inc.)
Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under the Indenturecontinuing, the Assignor shall be entitled to exercise all its rights and remedies under the Collateral Insurances (subject to the provisions of this Assignment) in all respects as if this Assignment had not been made. All proceeds of insurances shall be applied as set forth in the Indenture and the Ship Mortgage.
Appears in 1 contract
Samples: Consent and Agreement (SEACOR Marine Holdings Inc.)
