Security shortfall. If, at any time after the Drawdown Date of the first Delivery Advance to be drawn down, the Security Value shall be less than the Security Requirement, the Bank may give notice to the Borrowers requiring that such deficiency be remedied and then the Borrowers shall at its discretion either:
Appears in 5 contracts
Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)
Security shortfall. If, at any time after the Drawdown Date of the first Delivery Advance to be drawn downDate, the Security Value shall be less than the Required Security RequirementAmount, the Bank may shall give notice to the Borrowers requiring that such deficiency be remedied and then the Borrowers shall at its discretion must either:
Appears in 4 contracts
Samples: Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Holdings Inc.)
Security shortfall. If, at any time after the first Drawdown Date of the first Delivery Advance to be drawn downDate, the Security Value shall be less than the Required Security RequirementAmount, the Bank may shall give notice to the Borrowers requiring that such deficiency be remedied and then the Borrowers shall at its discretion must either:
Appears in 1 contract
Security shortfall. If, at any time after the Drawdown Date of the first Delivery Advance to be drawn down, down the Security Value shall be less than the Security Requirement, the Bank may give notice to the Borrowers requiring that such deficiency be remedied and then the Borrowers shall at its discretion either:
Appears in 1 contract
Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.)
