Common use of FIFTHLY Clause in Contracts

FIFTHLY. in retention of an amount equal to any amount not then due and payable under any Finance Document but which the Lender, by notice to the Borrower, states in its opinion will or may become due and payable in the future and, upon those amounts becoming due and payable, in or towards satisfaction of them in accordance with the provisions of Clause 77.1(a), 7.1(b), 7.1(c) and 7.1(d); and

Appears in 1 contract

Sources: Loan Agreement (Seanergy Maritime Holdings Corp.)

FIFTHLY. in retention of an amount equal to any amount not then due and payable under any Finance Document but which the Lender, by notice to the BorrowerBorrower and the Security Parties, states in its opinion will or may become due and payable in the future and, upon those amounts becoming due and payable, in or towards satisfaction of them in accordance with the provisions of Clause 77.1(a), 7.1(b), 7.1(c) and 7.1(d)this Clause; and

Appears in 1 contract

Sources: Loan Agreement (Diana Shipping Inc.)

FIFTHLY. in retention of an amount equal to any amount not then due and payable under any Finance Document but which the Lender, by notice to the Borrower, states in its opinion will or may become due and payable in the future and, upon those amounts becoming due and payable, in or towards satisfaction of them in accordance with the provisions of Clause 77.1(a8.1(a), 7.1(b8.1(b), 7.1(c8.1(c) and 7.1(d8.1(d); and

Appears in 1 contract

Sources: Loan Agreement (Seanergy Maritime Holdings Corp.)