Common use of Relevant Persons Clause in Contracts

Relevant Persons. In this Clause 19 (Events of Default), a "Relevant Person" means a Borrower or any Security Party.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Partners L.P.)

Relevant Persons. In this Clause 19 (Events of Default), a "Relevant Person" means the Borrower, a Security Party, and any company which is a subsidiary of the Borrower or a Security Party or of which the Borrower or a Security Party is a subsidiary but excluding any Security Partycompany which is dormant and the value of whose gross assets is $50,000 or less.

Appears in 1 contract

Sources: Loan Agreement (Paragon Shipping Inc.)

Relevant Persons. In this Clause 19 18 (Events of Default), a "Relevant Person" means a Borrower, a Security Party (excluding an Approved Manager), and any company which is a subsidiary of a Security Party (excluding an Approved Manager) or of which any Borrower or any Security Partyis a subsidiary.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Partners L.P.)

Relevant Persons. In this Clause 19 (Events of Default), ) a "Relevant Person" means a Borrower the Borrowers and the Corporate Guarantor or any Security Partyother person who provides a mortgage, charge, pledge, maritime or other lien or other security interest of any kind as security for the Borrowers’ obligations under this Agreement and the Finance Documents.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Partners L.P.)

Relevant Persons. In this Clause 19 (Events of Default)18, a "Relevant Person" means a Credit Support Provider, the Approved Managers, the Borrower, any New Owner or any other Security Party, and any company which is a subsidiary of the Borrower or any a Security PartyParty or of which the Borrower or a Security Party is a subsidiary.

Appears in 1 contract

Sources: Loan Agreement (Knightsbridge Tankers LTD)

Relevant Persons. In this Clause 19 19, a “Relevant Person” means a Borrower, a Security Party (Events of Defaultexcluding the Approved Manager), and any company which is a "Relevant Person" means a subsidiary of either Borrower or any of a Security PartyParty or of which either Borrower is a subsidiary.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Partners L.P.)