Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no Borrower shall in any circumstances be construed to be a surety for the obligations of any other Borrower under this Agreement.
Appears in 34 contracts
Samples: Loan Agreement (Top Ships Inc.), Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (Alma Maritime LTD)
Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no neither Borrower shall in any circumstances be construed to be a surety for the obligations of any the other Borrower under this Agreement.
Appears in 21 contracts
Samples: Loan Agreement, Loan Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Containers Inc.)
Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no Borrower shall in any circumstances be construed to be a surety for the obligations of any the other Borrower Borrowers under this Agreement.
Appears in 6 contracts
Samples: Loan Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Containers L.P.)
Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no Borrower shall in any circumstances be construed to be a surety for the obligations of any the other Borrower under this Agreement.
Appears in 5 contracts
Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Global Ship Lease, Inc.), Agreement (Scorpio Bulkers Inc.)
Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no neither Borrower shall in any circumstances be construed to be a surety for the obligations of any other Borrower under this Agreement.
Appears in 4 contracts
Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Diana Shipping Inc.), Agreement (NewLead Holdings Ltd.)
Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no neither the Borrower shall in any circumstances be construed to be a surety for the obligations of any the other Borrower under this Agreement.
Appears in 3 contracts
Samples: Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Holdings Inc.)
Principal debtors. Each Borrower Obligor declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no Borrower Obligor shall in any circumstances be construed to be a surety for the obligations of any other Borrower Obligor under this Agreement.
Appears in 3 contracts
Samples: Amending and Restating Agreement (TBS International PLC), Guarantee Facility Agreement (TBS International LTD), Guarantee Facility Agreement (TBS International LTD)
Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no Borrower none of the Borrowers shall in any circumstances be construed to be a surety for the obligations of any other Borrower under this Agreement.
Appears in 2 contracts
Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Global Ship Lease, Inc.)
Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the other Finance Documents to which it is a party and no Borrower shall in any circumstances be construed to be a surety for the obligations of any other Borrower under this AgreementAgreement or the other Finance Documents.
Appears in 2 contracts
Samples: Loan Agreement (TBS International LTD), Loan Agreement (TBS International LTD)
Principal debtors. Each Subject to Clause 29.2, each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no Borrower shall in any circumstances be construed to be a surety for the obligations of any other Borrower under this Agreement.
Appears in 2 contracts
Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)
Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no Borrower Borrowers shall in any circumstances be construed to be a surety for the obligations of any of the other Borrower under this Agreement.
Appears in 2 contracts
Samples: Loan Agreement (Costamare Partners LP), Loan Agreement (Costamare Partners LP)
Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no Borrower shall in any circumstances be construed to be a surety for the obligations of any of the other Borrower Borrowers under this Agreement.
Appears in 1 contract
Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and Agreement, the Finance Documents and any Master Agreement and no Borrower shall shall, in any circumstances circumstances, be construed to be a surety for the obligations of any other Borrower under this Agreement.
Appears in 1 contract
Samples: Loan Agreement (GasLog Ltd.)
Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no Borrower shall in any circumstances be construed to be a surety for the obligations of any other Borrower under this Agreement.
Appears in 1 contract
Samples: Diana Shipping Inc.
Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the other Finance Documents or the Master Agreements and no Borrower shall in any circumstances be construed to be a surety for the obligations of any other Borrower under this Agreement.
Appears in 1 contract
Samples: Loan Agreement (Box Ships Inc.)
Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the other Finance Documents or the Master Agreements and no Borrower shall in any circumstances be construed to be a surety for the obligations of any other Borrower under this Agreement.
Appears in 1 contract
Samples: Loan Agreement (Box Ships Inc.)
Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents payment of the Outstanding Indebtedness and no Borrower shall in any circumstances be construed to be a surety for the obligations of any the other Borrower under this Agreementhereunder.
Appears in 1 contract
Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)
Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no Borrower none of the Borrowers shall in any circumstances be construed to be a surety for the obligations of any the other Borrower under this Agreement.
Appears in 1 contract
Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no Borrower shall in any circumstances be construed to be a surety for the obligations of any other Borrower under this Agreement. For the avoidance of doubt, this is without prejudice to the provisions of Clause 28.6.
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)
Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no Borrower none of the Borrowers shall in any circumstances be construed to be a surety for the obligations of any the other Borrower under this Agreement.
Appears in 1 contract
Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no neither Borrower shall in any circumstances be construed to be a surety for the obligations of any the other Borrower Borrowers under this Agreement.
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)
Principal debtors. Each Borrower of the Borrowers declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement the payment of the Outstanding Indebtedness and neither of the Finance Documents and no Borrower Borrowers shall in any circumstances be construed to be a surety for the obligations of any the other Borrower under this Agreementhereunder.
Appears in 1 contract
Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)
Principal debtors. Each Borrower Obligor declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no Borrower Obligor shall in any circumstances be construed to be a surety for the obligations of any the other Borrower Obligor under this Agreement.
Appears in 1 contract
Samples: Agreement (Euronav NV)
