Mandatory Prepayment. The Borrowers shall be obliged to prepay the Relevant Amount if a Ship:
Appears in 7 contracts
Samples: Agreement (Navios Maritime Containers Inc.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Containers L.P.)
Mandatory Prepayment. The Borrowers Borrower shall be obliged to prepay the Relevant Amount if a ShipShip is sold or becomes a Total Loss:
Appears in 7 contracts
Samples: Loan Agreement, Loan Agreement (Box Ships Inc.), Loan Agreement (Capital Product Partners L.P.)
Mandatory Prepayment. The Borrowers Borrower shall be obliged to prepay the Relevant Amount whole of the Loan if the Ship is sold or becomes a ShipTotal Loss:
Appears in 7 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Box Ships Inc.), Loan Agreement (TBS International LTD)
Mandatory Prepayment. The Borrowers shall be obliged to prepay the Relevant Amount relevant proportion of the Loan if a ShipShip is sold or becomes a Total Loss:
Appears in 5 contracts
Samples: Agreement (Dynagas LNG Partners LP), Loan Agreement, Loan Agreement (Dynagas LNG Partners LP)
Mandatory Prepayment. The Borrowers shall be obliged to prepay the Relevant Amount if a ShipShip is sold or becomes a Total Loss:
Appears in 5 contracts
Samples: Loan Agreement (Star Bulk Management Inc.), Loan Agreement (DryShips Inc.), Loan Agreement (Navios Maritime Acquisition CORP)
Mandatory Prepayment. The Borrowers shall be obliged to prepay the Relevant Amount relevant proportion of the Loan if a ShipShip is sold or becomes a Total Loss:
Appears in 4 contracts
Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)
Mandatory Prepayment. The If a Ship is sold or becomes a Total Loss, the Borrowers shall be obliged prepay in full the Advance related to prepay the Relevant Amount if a that Ship:
Appears in 4 contracts
Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Quartet Holdco Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)
Mandatory Prepayment. The Borrowers shall be obliged to prepay the Relevant Amount Fraction of the Loan if a ShipShip is sold or becomes a Total Loss:
Appears in 3 contracts
Samples: Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.), Loan Agreement (Oceanfreight Inc.)
Mandatory Prepayment. The Borrowers shall be obliged to prepay the Relevant Amount (subject to Clauses 8.9 and 8.12) if a ShipShip is sold (including, without limitation, if it is sold for scrap) or becomes a Total Loss:
Appears in 3 contracts
Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Global Ship Lease, Inc.)
Mandatory Prepayment. The Borrowers shall be obliged to prepay the whole of the Relevant Amount if a ShipShip is sold or becomes a Total Loss:
Appears in 3 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.), Agreement (Diana Shipping Inc.)
Mandatory Prepayment. The Borrowers shall be obliged to prepay the Relevant Amount if a ShipShip is sold or refinanced by another bank or financial institution or becomes a Total Loss:
Appears in 3 contracts
Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Star Bulk Management Inc.), Loan Agreement (Box Ships Inc.)
Mandatory Prepayment. The Borrowers Borrower shall be obliged to prepay the Relevant Amount Loan if the Collateral Ship is sold or becomes a ShipTotal Loss:
Appears in 2 contracts
Samples: Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Mandatory Prepayment. The If a Ship is sold or becomes a Total Loss, the Borrowers shall be obliged to prepay the Relevant Amount if a Loan in an amount equal to the net sale or insurances proceeds (as the case may be) received for such Ship:
Appears in 2 contracts
Samples: Loan Agreement (TBS International LTD), Loan Agreement (TBS International LTD)
Mandatory Prepayment. The Borrowers Borrower shall be obliged to prepay the whole of the Relevant Amount if a ShipShip is sold or becomes a Total Loss:
Appears in 2 contracts
Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)
Mandatory Prepayment. The Borrowers Borrower shall be obliged to prepay the Relevant Amount Loan if the Ship is sold or becomes a ShipTotal Loss:
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)
Mandatory Prepayment. The Borrowers Borrower shall be obliged to prepay the Relevant Amount relevant amount if a ShipShip is sold or becomes a Total Loss:
Appears in 2 contracts
Samples: Loan Agreement (Britannia Bulk PLC), Loan Agreement (Britannia Bulk Holdings Inc)
Mandatory Prepayment. The Borrowers shall be obliged to prepay the Relevant Amount if either Ship is sold or becomes a ShipTotal Loss:
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Navios Maritime Partners L.P.)
Mandatory Prepayment. The Borrowers shall be obliged to prepay the Relevant Amount if a ShipShip is sold (including, without limitation, if it is sold for scrap) or refinanced by another bank or financial institution or becomes a Total Loss:
Appears in 1 contract
Samples: Loan Agreement (Box Ships Inc.)
Mandatory Prepayment. The Borrowers (a) If a Ship is sold or becomes a Total Loss, the Borrower shall be obliged to prepay an amount that is the Relevant Amount if a Shiphigher of:
Appears in 1 contract
Mandatory Prepayment. The Borrowers Borrower shall be obliged to prepay the Relevant Amount Loan in full if the Ship is sold or becomes a ShipTotal Loss:
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Mandatory Prepayment. The Borrowers Borrower shall be obliged to prepay the Relevant Amount relevant proportion of the Loan if a Ship:Ship is sold or becomes a Total Loss or the Mortgage on that Ship is discharged pursuant to Clause 9.8(c):
Appears in 1 contract
Mandatory Prepayment. The Borrowers shall be obliged to prepay (I) the Relevant Amount if an Original Ship is sold or becomes a ShipTotal Loss during the Waiver Period or (2) the Relevant Fraction of the Loan if an Original Ship is sold or becomes a Total Loss at any other time:
Appears in 1 contract
Mandatory Prepayment. (a) The Borrowers shall be obliged to prepay the Relevant Amount if a Ship:
Appears in 1 contract
Mandatory Prepayment. The Borrowers If a Ship is sold or becomes a Total Loss the Borrower shall be obliged to prepay the Relevant Amount if a Shipof the Loan:
Appears in 1 contract
Mandatory Prepayment. The Borrowers Borrower shall be obliged to prepay the Relevant Amount Proportion of the Loan if a ShipShip is sold or becomes a Total Loss:
Appears in 1 contract
Samples: Agreement (Star Bulk Carriers Corp.)
Mandatory Prepayment. The Borrowers If the Ship is sold or becomes a Total Loss, the Borrower shall be obliged to prepay in full the Relevant Amount if a ShipAdvance:
Appears in 1 contract
Mandatory Prepayment. The Borrowers If the Ship is sold or becomes a Total Loss, the Borrower shall be obliged to prepay the Relevant Amount if a ShipLoan in full:
Appears in 1 contract
Mandatory Prepayment. The Borrowers (a) If a Ship becomes a Total Loss, the Borrower shall be obliged to prepay an amount that is the Relevant Amount if a Shiphigher of:
Appears in 1 contract
Samples: Second Lien Loan Agreement (Eagle Bulk Shipping Inc.)
Mandatory Prepayment. The Borrowers shall be obliged to prepay (1) the Total Amount if an Original Ship is sold or becomes a Total Loss during the Waiver Period or (2) the Relevant Amount Fraction of the Loan if an Original Ship is sold or becomes a ShipTotal Loss at any other time:
Appears in 1 contract
