Common use of Continuing Defaults Clause in Contracts

Continuing Defaults. For the purposes of this Agreement and the other Security Documents, a Default or an Event of Default is “continuing” if it has not been remedied or waived.

Appears in 2 contracts

Sources: Facility Agreement (Costamare Partners LP), Facility Agreement (Costamare Partners LP)

Continuing Defaults. For the purposes of this Agreement and the other Security Documents, a Default or an Event of Default is “continuing” if it has not been remedied or waived.. 2 The Total Commitment, the Advances and the Bank Guarantees

Appears in 1 contract

Sources: Facility Agreement (Costamare Inc.)