Enforcement of Security. On and at any time after the occurrence of an Event of Default the Security Agent may, and shall if so directed by the Majority Lenders and the Export Credit Agency, take any action which, as a result of the Event of Default or any notice served under Clause 26.21 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.
Appears in 4 contracts
Samples: Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.), Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.), Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.)
Enforcement of Security. On and at any time after the occurrence of an Event of Default the Security Agent may, and shall if so directed by the Majority Lenders and the Export Credit AgencyLenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.21 26.20 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.
Appears in 3 contracts
Samples: Facility Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Enforcement of Security. On and at any time after the occurrence of an Event of Default which is continuing the Security Agent may, and shall if so directed by the Majority Lenders and the Export Credit AgencyLenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.21 26.19 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.
Appears in 3 contracts
Samples: Assignment Agreement (Ardmore Shipping Corp), Assignment Agreement (Ocean Rig UDW Inc.), Assignment Agreement (Taylor Maritime Investments LTD)
Enforcement of Security. On and at any time after the occurrence of an Event of Default which is continuing the Security Agent may, and shall if so directed by the Majority Lenders and the Export Credit AgencyLenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.21 26.18 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.
Appears in 3 contracts
Samples: Assignment Agreement (Global Ship Lease, Inc.), Junior Facility Agreement (Global Ship Lease, Inc.), Facility Agreement (Ardmore Shipping Corp)
Enforcement of Security. On and at any time after the occurrence of an Event of Default the Security Agent may, and shall if so directed by the Majority Lenders and the Export Credit AgencyLenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.21 25.20 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.
Appears in 3 contracts
Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Enforcement of Security. On and at any time after the occurrence of an Event of Default the Security Agent may, and shall if so directed by the Majority Lenders and the Export Credit AgencyLenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.21 27.19 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulationregulation provided that if no direction is given by the Majority Lenders the Facility Agent shall not be obliged to take any action.
Appears in 2 contracts
Samples: Facility Agreement (United Maritime Corp), Facility Agreement (United Maritime Corp)
Enforcement of Security. On and at any time after the occurrence of an Event of Default which is continuing the Security Agent may, and shall if so directed by the Majority Lenders and the Export Credit AgencyLenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.21 28.20 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.. 106
Appears in 2 contracts
Samples: Banks and Financial Institutions (Okeanis Eco Tankers Corp.), Banks and Financial Institutions (Okeanis Eco Tankers Corp.)
Enforcement of Security. On and at any time after the occurrence of an Event of Default which is continuing the Security Agent may, and shall if so directed by the Majority Lenders and the Export Credit AgencyLenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.21 27.19 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.
Appears in 2 contracts
Samples: Assignment Agreement (Grindrod Shipping Holdings Ltd.), Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Enforcement of Security. On and at any time after the occurrence of an Event of Default the Security Agent may, and shall if so directed by the Majority Lenders and the Export Credit AgencyLenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.21 β26.20 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulationregulation provided that if no direction is given by the Majority Lenders the Facility Agent shall not be obliged to take any action.
Appears in 2 contracts
Samples: Assignment Agreement (Seanergy Maritime Holdings Corp.), Assignment Agreement (United Maritime Corp)
Enforcement of Security. On Subject to any restrictions imposed by applicable law or regulation, on and at any time after the occurrence of an Event of Default which is continuing the Security Agent may, and shall if so directed by the Majority Lenders and the Export Credit AgencyLenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.21 26.19 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.
Appears in 1 contract
Enforcement of Security. On and at any time after the occurrence of an Event of Default the Security Agent may, and shall if so directed by the Majority Lenders and the Export Credit AgencyLenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.21 27.18 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.
Appears in 1 contract
Enforcement of Security. On and at any time after the occurrence of an Event of Default which is continuing the Security Agent may, and shall if so directed by the Majority Lenders and the Export Credit AgencyLenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.21 28.19 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.. 122
Appears in 1 contract
Enforcement of Security. On and at any time after the occurrence of an Event of Default which is continuing the Security Agent may, and shall if so directed by the Majority Lenders and the Export Credit AgencyLenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.21 27.19 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.. 108
Appears in 1 contract
Samples: Agreement (Global Ship Lease, Inc.)
Enforcement of Security. On and at any time after the occurrence of an Event of Default which is continuing the Security Agent may, and shall if so directed by the Majority Lenders and the Export Credit AgencyLenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.21 27.18 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.
Appears in 1 contract
Samples: Euronav NV
Enforcement of Security. On and at any time after the occurrence of an Event of Default that is continuing the Security Agent may, and shall if so directed by the Majority Lenders and the Export Credit AgencyLenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.21 25.21 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.
Appears in 1 contract
Enforcement of Security. On and at any time after the occurrence of an Event of Default the Security Agent may, and shall if so directed by the Majority Lenders and the Export Credit AgencyLenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.21 27.20 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.
Appears in 1 contract
Enforcement of Security. On and at any time after the occurrence of an Event of Default which is continuing the Security Agent may, and shall if so directed by the Majority Lenders and the Export Credit AgencyLenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.21 27.21 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.
Appears in 1 contract
Enforcement of Security. On and at any time after the occurrence of an Event of Default the Security Agent may, and shall if so directed by the Majority Lenders and the Export Credit AgencyLenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.21 28.20 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.
Appears in 1 contract
Enforcement of Security. On and at any time after the occurrence of an Event of Default which is continuing the Security Agent may, and shall if so directed by the Majority Lenders and the Export Credit AgencyLenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.21 29.19 (Acceleration), the Security Agent is entitled to take under any Finance Document or any applicable law or regulation.
Appears in 1 contract
