Common use of No Release Clause in Contracts

No Release. For the avoidance of doubt it is hereby declared that failure by any Recovering Lender to comply with the provisions of clause 13.3 shall not release any other Recovering Lender from any of its obligations or liabilities under clause 13.3.

Appears in 37 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Acquisition CORP)

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No Release. For the avoidance of doubt it is hereby declared that failure by any Recovering Lender to comply with the provisions of clause 13.3 14.2 shall not release any other Recovering Lender from any of its obligations or liabilities under clause 13.314.2.

Appears in 3 contracts

Samples: Project Loan Agreement (QGOG Constellation S.A.), Agreement (QGOG Constellation S.A.), Agreement (Gulfmark Offshore Inc)

No Release. For the avoidance of doubt it is hereby declared that failure by any Recovering Lender to comply with the provisions of clause 13.3 18.3 shall not release any other Recovering Lender from any of its obligations or liabilities under clause 13.318.3.

Appears in 2 contracts

Samples: Agreement (Paragon Shipping Inc.), Credit Agreement (DryShips Inc.)

No Release. 14.7 For the avoidance of doubt it is hereby declared that failure by any Recovering Lender to comply with the provisions of clause 13.3 14.6 shall not release any other Recovering Lender from any of its obligations or liabilities under clause 13.3.14.6. No charge

Appears in 1 contract

Samples: Restructuring Agreement (Danaos Corp)

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No Release. For the avoidance of doubt it is hereby declared that failure by any Recovering Lender to comply with the provisions of clause 13.3 0 shall not release any other Recovering Lender from any of its obligations or liabilities under clause 13.30.

Appears in 1 contract

Samples: Gulfmark Offshore Inc

No Release. For the avoidance of doubt it is hereby declared that failure by any Recovering Lender to comply with the provisions of clause 13.3 15.2 shall not release any other Recovering Lender from any of its obligations or liabilities under clause 13.315.2.

Appears in 1 contract

Samples: Loan Agreement (Carrier1 International S A)

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