Common use of Interests of Lenders and Swap Bank several Clause in Contracts

Interests of Lenders and Swap Bank several. The rights of the Lenders and the Swap Bank under this Agreement and the Master Agreement are several; accordingly (a) each Lender shall be entitled to xxx for any amount which has become due and payable by the Borrower to it under this Agreement; and (b) the Swap Bank shall be entitled to xxx for any amount which has become due and payable by the Borrower to it under the Master Agreement without joining the Agent, the Security Trustee or any other Lender or the Swap Bank as additional parties in the proceedings.

Appears in 8 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

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Interests of Lenders and Swap Bank several. The rights of the Lenders and the Swap Bank under this Agreement and the Master Agreement are several; accordingly (a) each Lender shall be entitled to xxx for any amount which has become due and payable by the Borrower to it under this Agreement; Agreement and (b) the Swap Bank shall be entitled to xxx for any amount which has become due and payable by the Borrower to it under the Master Agreement without joining the Agent, the Security Trustee or any other Lender or the Swap Bank as additional parties in the proceedings.

Appears in 2 contracts

Samples: Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)

Interests of Lenders and Swap Bank several. The rights of the Lenders and the each Swap Bank under this Agreement and the Master Agreement are several; accordingly (a) each Lender shall be entitled to xxx sxx for any amount which has become due and payable by the Borrower to it under this Agreement; and (b) the each Swap Bank shall be entitled to xxx sxx for any amount which has become due and payable by the Borrower to it under the relevant Master Agreement without joining the Agent, the Security Trustee or any other Lender or the other Swap Bank as additional parties in the proceedings.

Appears in 2 contracts

Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)

Interests of Lenders and Swap Bank several. The rights of the Lenders and the Swap Bank under this Agreement and the Master Agreement are several; accordingly (a) each Lender shall be entitled to xxx sue for any amount which has become due and payable by the Borrower to it under this Agreement; and (b) the Swap Bank shall be entitled to xxx sue for any amount which has become due and payable by the Borrower to it under the Master Agreement without joining the Agent, the Security Trustee or any other Lender or the Swap Bank as additional parties in the proceedings.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

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Interests of Lenders and Swap Bank several. The rights of the Lenders and the Swap Bank under this Agreement and the Master Agreement are several; accordingly (a) each Lender shall be entitled to xxx sxx for any amount which has become due and payable by the Borrower to it under this Agreement; and (b) the Swap Bank shall be entitled to xxx sxx for any amount which has become due and payable by the Borrower to it under the Master Agreement without joining the Agent, the Security Trustee or any other Lender or the Swap Bank as additional parties in the proceedings.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

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