Exercise of Powers of Attorney. The Lender shall not exercise any rights or powers pursuant to any power of attorney granted to the Lender pursuant to the Fleet Mortgage or the other Loan Documents except upon the occurrence and during the continuance of an Event of Default.
Appears in 1 contract
Exercise of Powers of Attorney. The Lender shall not exercise any rights or powers pursuant to any power of attorney granted to the Lender pursuant to the Fleet Mortgage or the other Loan Documents except upon until the occurrence occurrence, and then only during the continuance continuance, of an Event of Default. β . The Lender shall not exercise any rights or powers pursuant to any power of attorney granted to the Lender pursuant to the Mortgage or the other Loan Documents until the occurrence, and then only during the continuance, of an Event of Default.
Appears in 1 contract
Samples: Loan and Security Agreement (Pangaea Logistics Solutions Ltd.)
Exercise of Powers of Attorney. The Lender shall not exercise any rights or powers pursuant to any power of attorney granted to the Lender pursuant to the Fleet First Preferred Mortgage or the other Loan Documents except upon until the occurrence occurrence, and then only during the continuance continuance, of an Event of Default.
Appears in 1 contract
Samples: Loan and Security Agreement (Overseas Shipholding Group Inc)
Exercise of Powers of Attorney. The Lender shall not exercise any rights or powers pursuant to any power of attorney granted to the Lender pursuant to the Fleet Mortgage Mortgages or the other Loan Documents except upon until the occurrence occurrence, and then only during the continuance continuance, of an Event of Default. β . The Lender shall not exercise any rights or powers pursuant to any power of attorney granted to the Lender pursuant to the Mortgages or the other Loan Documents until the occurrence, and then only during the continuance, of an Event of Default.
Appears in 1 contract
Samples: Loan and Security Agreement (Pangaea Logistics Solutions Ltd.)
Exercise of Powers of Attorney. The Lender shall not exercise any rights or powers pursuant to any power of attorney granted to the Lender pursuant to the Fleet First Preferred Mortgage or the other Loan Documents except upon until the occurrence occurrence, and then only during the continuance continuance, of an Event of Default.. ARTICLEV
Appears in 1 contract
Samples: Loan and Security Agreement (Overseas Shipholding Group Inc)
