Common use of Material Events Clause in Contracts

Material Events. any other event occurs or circumstance arises which, in the opinion of the Bank, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or

Appears in 10 contracts

Samples: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.)

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Material Events. any other event occurs or circumstance arises which, in the reasonable opinion of the Bank, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or.

Appears in 5 contracts

Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)

Material Events. any other event occurs or circumstance arises which, in the reasonable opinion of the Bank, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents to which it is a party or (ii) the security created by any of the Security Documents; or.

Appears in 5 contracts

Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Globus Maritime LTD), Facility Agreement (Freeseas Inc.)

Material Events. any other event occurs or circumstance arises which, in the reasonable opinion of the BankLender, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents to which it is a party or (ii) the security created by any of the Security DocumentsDocuments or (iii) the value or nature of the financial condition of any Security Party (other than the Manager); or

Appears in 3 contracts

Samples: Agreement (Euroseas Ltd.), Agreement (EuroDry Ltd.), Agreement (EuroDry Ltd.)

Material Events. any other event occurs or circumstance arises which, in the opinion of the Bank, is likely materially and adversely to affect either (i) the ability of the Borrower or any other Security Party to perform all or any of its their respective obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or.

Appears in 3 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Master Agreement (Capital Maritime & Trading Corp.), Master Agreement (Capital Maritime & Trading Corp.)

Material Events. any other event occurs or circumstance arises which, in the opinion of the Bank, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its their respective obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or.

Appears in 2 contracts

Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)

Material Events. any other event occurs or circumstance arises which, in the opinion of the Bank, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or the Master Swap Agreement or (ii) the security created by any of the Security Documents; or;

Appears in 2 contracts

Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

Material Events. any other event occurs or circumstance arises which, in the opinion of the Bank, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents (including, for the avoidance of doubt, the Master Swap Agreement) or (ii) the security created by any of the Security Documents; or.

Appears in 2 contracts

Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

Material Events. any other event occurs or circumstance arises which, in the opinion of the Bank, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents (including, for the avoidance of doubt,) the Master Swap Agreement) or (ii) the security created by any of the Security Documents; or.

Appears in 2 contracts

Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

Material Events. any other event occurs or circumstance arises which, in the opinion of the BankLender, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or

Appears in 1 contract

Samples: Navios Maritime Midstream Partners LP

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Material Events. any other event occurs or circumstance arises which, in the reasonable opinion of the Bank, is likely materially and adversely to affect either (ia) the ability of any Security Party to perform all or any of its their respective obligations under or otherwise to comply with the terms of any of the Security Documents or (iib) the security created by any of the Security Documents; or.

Appears in 1 contract

Samples: Supplemental Agreement (Gala Properties Inc.)

Material Events. any other event occurs or circumstance arises which, in the reasonable opinion of the Bank, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Holdings Inc.)

Material Events. any other event occurs or circumstance arises which, in the opinion of the BankBank (following consultation with the Banks), is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

Material Events. any other event occurs or circumstance arises which, in the opinion of the Bank, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or any of the Underlying Documents or (ii) the security created by any of the Security Documents; or.

Appears in 1 contract

Samples: Junior Loan Agreement (FreeSeas Inc.)

Material Events. any other event occurs or circumstance arises which, in the opinion of the BankLender, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or any of the Underlying Documents or (ii) the security created by any of the Security Documents; or

Appears in 1 contract

Samples: Agreement (NewLead Holdings Ltd.)

Material Events. any other event occurs or circumstance arises which, in the opinion of the Bank, is likely materially and adversely to affect either (i) the ability of the Borrower or any other Security Party to perform all or any of its their respective obligations under or otherwise to comply with the terms of any of the Security Documents or the Underlying Documents or (ii) the security created by any of the Security Documents; or.

Appears in 1 contract

Samples: Agreement (NewLead Holdings Ltd.)

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