Security shortfall. If, at any time after the first Delivery Date, the Security Value shall be less than the Required Security Amount, the Agent (acting on the instructions of the Majority Lenders) shall give notice to the Borrowers requiring that such deficiency be remedied and then the Borrowers must either:
Appears in 11 contracts
Samples: Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Acquisition CORP)
Security shortfall. If, at any time after the first Delivery Date, the Security Value shall be less than the Required Security Amount, the Agent (acting on the instructions of the Majority Lenders) shall give notice to the Borrowers Borrower requiring that such deficiency be remedied and then the Borrowers Borrower must either:
Appears in 2 contracts
Samples: Agreement (Navios Maritime Holdings Inc.), Navios Maritime Acquisition CORP
