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Common use of Security Application Set Off Clause in Contracts

Security Application Set Off.

Appears in 4 contracts

Sources: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Performance Shipping Inc.), Loan Agreement (Performance Shipping Inc.)

Parent Clauses

  • Form of Compliance Certifcate
  • ARBAR SHIPPING COMPANY INC
  • GARU SHIPPING COMPANY INC

Sub-Clauses

  • Existing rights unaffected
  • Maintenance of Securities
  • Securities
  • Insufficient balance
  • Notice of variation of order of application
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