Relevant Contracts. Any of the Relevant Contracts or the MCCMI Shareholders Agreement is terminated or is materially amended or modified without the prior written consent of the Majority Lenders, or any party to a Relevant Contract defaults or ceases to perform under such agreement for any reason whatsoever and, with regard to any such termination, default or nonperformance of a Relevant Contract, the relevant Vessel shall not be engaged in an alternative employment, acceptable to the Lenders, under a contract, acceptable to the Lenders, within ninety (90) days of such termination, default or nonperformance; or
Appears in 4 contracts
Samples: Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp)
