Security shortfall. If at any time the Security Value shall be less than the Security Requirement, the Agent (acting on the instructions of the Majority Banks) shall give notice to the Borrowers requiring that such deficiency be remedied and then the Borrowers shall either:
Appears in 4 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Agreement (Diana Containerships Inc.), Loan Agreement (Poseidon Containers Holdings Corp.)
Security shortfall. If at any time the Security Value shall be less than the Required Security RequirementAmount, the Agent (acting on the instructions of the Majority Banks) shall give notice to the Borrowers Borrower requiring that such deficiency be remedied and then the Borrowers shall Borrower must either:
Appears in 2 contracts
Samples: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)
Security shortfall. If at any time the Security Value shall be less than the Required Security RequirementAmount, the Agent (acting on the instructions of the Majority BanksLenders) shall give notice to the Borrowers requiring that such deficiency be remedied and then the Borrowers shall must either:
Appears in 1 contract
Samples: Navios Maritime Partners L.P.
Security shortfall. If at any time the Security Value shall be equal to or less than the Security Requirement, the Agent (acting on the instructions of the Majority Banks) shall give notice to the Borrowers requiring that such deficiency be remedied and then the Borrowers shall either:
Appears in 1 contract
Samples: Agreement (DryShips Inc.)
Security shortfall. If at any time the Security Value shall be less than the Security Requirement, the Agent (acting on the instructions of the Majority Banks) shall may give notice to the Borrowers requiring that such deficiency be remedied and then the Borrowers shall either:
Appears in 1 contract
Security shortfall. If If, at any time during the Security Period, the Security Value shall be less than the Security Requirement, the Agent (acting on the instructions of the Majority BanksLenders) shall give notice to the Borrowers Borrower requiring that such deficiency be remedied and then the Borrowers Borrower shall either:
Appears in 1 contract
Samples: Facility Agreement (Costamare Inc.)
Security shortfall. If if at any time the Security Value shall be less than the Security Requirement, the Agent (acting on the instructions of may, and if so instructed by the Majority Banks) Lenders, shall give notice to the Borrowers Borrower requiring that such deficiency be remedied and then the Borrowers Borrower shall either:
Appears in 1 contract
Samples: Loan Agreement (Danaos Corp)
Security shortfall. If at any time the Security Value shall be less than the Security Requirement, the Agent (acting on the instructions of the Majority Banks) shall give notice in writing to the Borrowers requiring that such deficiency be remedied and then the Borrowers shall either:
Appears in 1 contract
Security shortfall. If If, at any time the Security Value shall be less than the Required Security RequirementAmount, the Agent (acting on the instructions of the Majority BanksLenders) shall give notice to the Borrowers Borrower requiring that such deficiency be remedied and then the Borrowers shall Borrower must either:
Appears in 1 contract
