Principal and independent debtor. The Owner shall be liable under this Mortgage as a principal and independent debtor and accordingly it shall not have, as regards this Mortgage, any of the rights or defenses of a surety.
Appears in 4 contracts
Samples: Credit Agreement (DHT Holdings, Inc.), Preferred Marshall Islands Mortgage (Eagle Bulk Shipping Inc.), Credit Agreement (DHT Holdings, Inc.)
Principal and independent debtor. The Owner shall be liable under this Mortgage as a principal and independent debtor and accordingly it shall not have, as regards this Mortgage, any of the rights or defenses defences of a surety.
Appears in 2 contracts
Samples: Supplemental Agreement (TBS International PLC), Supplemental Agreement (TBS International PLC)
