Fourthly. in or towards repayment of the Loan (whether the same is due and payable or not); (ii) SECOND the surplus (if any), after the full and complete payment of the Outstanding Indebtedness, shall be paid to the Borrower or to any other person appearing to be entitled to it.
Appears in 3 contracts
Sources: Loan Agreement (Performance Shipping Inc.), Loan Agreement (Performance Shipping Inc.), Loan Agreement (Seanergy Maritime Holdings Corp.)
Fourthly. in or towards repayment of the Loan (whether the same is due and payable or not);
(ii) SECOND the surplus (if any), after the full and complete payment of the Outstanding Indebtedness, shall be paid to the Borrower Borrowers or to any other person appearing to be entitled to it.
Appears in 1 contract