Enforcement of Security. On and at any time after the occurrence of an Event of Default the Security Trustee may, and shall if so directed by the Majority Lenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.14 (Acceleration), the Security Trustee is entitled to take under any Finance Document or any applicable law or regulation.
Appears in 2 contracts
Samples: Facility Agreement (Eagle Bulk Shipping Inc.), Credit Agreement (Eagle Bulk Shipping Inc.)
Enforcement of Security. On and at any time after the occurrence of an Event of Default shall occur and be continuing, the Security Trustee may, and shall if so directed by the Majority Lenders, take any action which, as a result of the Event of Default that is continuing or any notice served under Clause 26.14 25.14 (Acceleration), the Security Trustee is entitled to take under any Finance Document or any applicable law or regulation.
Appears in 2 contracts
Samples: Credit Agreement (DHT Holdings, Inc.), Credit Agreement (DHT Holdings, Inc.)
Enforcement of Security. On and at any time after the occurrence of an Event of Default which is continuing the Security Trustee may, and shall if so directed by the Majority Lenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.14 23.14 (Acceleration), ) the Security Trustee is entitled to take under any Finance Document or any applicable law or regulation, subject to the terms of the Intercreditor Agreement.
Appears in 2 contracts
Samples: Agreement (Diana Shipping Inc.), Agreement (Diana Containerships Inc.)
Enforcement of Security. On and at any time after the occurrence of an Event of Default which is continuing the Security Trustee may, and shall if so directed by the Majority Lenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.14 (Acceleration), ) the Security Trustee 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 Trustee may, and shall if so directed by the Majority Lenders, take any action which, as a result of the Event of Default or any notice served under Clause 26.14 23.14 (Acceleration), ) the Security Trustee is entitled to take under any Finance Document or any applicable law or regulation.
Appears in 1 contract
