Common use of Reduction of capital Clause in Contracts

Reduction of capital. A Security Party (other than the Corporate Guarantor) reduces its authorised or issued or subscribed capital."

Appears in 2 contracts

Samples: Safe Bulkers, Inc., Credit Facility Agreement (Safe Bulkers, Inc.)

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Reduction of capital. A Security Party (other than than, following the Corporate Guarantorsuccessful completion of the IPO, the Guarantor and the Pledgor) reduces its authorised or issued or subscribed capital."”;

Appears in 2 contracts

Samples: Fourth Supplemental Agreement (Poseidon Containers Holdings Corp.), Third Supplemental Agreement (Poseidon Containers Holdings Corp.)

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Reduction of capital. A Security Party (other than the Corporate Guarantor) reduces its authorised or issued or subscribed capital."”

Appears in 1 contract

Samples: Supplemental Agreement (Safe Bulkers, Inc.)

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