Common use of Sub-participation; subrogation assignment Clause in Contracts

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, any Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 53 contracts

Samples: Loan Agreement (Navios Maritime Containers Inc.), Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.), Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

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Sub-participation; subrogation assignment. A The Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, any Security Party, the Agent or the Security Trustee; and the Lenders Lender may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trusteeit, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 19 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Euroseas Ltd.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the BorrowerBorrowers, any other Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 9 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Sub-participation; subrogation assignment. A The Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the any Borrower, any Security Party, the Agent or the Security Trustee; and the Lenders Lender may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trusteeit, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 9 contracts

Samples: Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)

Sub-participation; subrogation assignment. A The Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, Borrower or any Security Party, the Agent or the Security Trustee; Party and the Lenders Lender may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 7 contracts

Samples: Loan Agreement, Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Capital Product Partners L.P.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the any Borrower, any Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 7 contracts

Samples: Agreement, Loan Agreement, Agreement (Dynagas LNG Partners LP)

Sub-participation; subrogation assignment. A The Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, any Security Party, the Agent or the Security TrusteeBorrowers; and the Lenders Lender may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trusteeit, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 7 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Pyxis Tankers Inc.), Agreement (Diana Shipping Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, any other Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 6 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate or include in a securitisation or similar transaction all or any part of its rights and/or obligations under or in connection with the Finance Documents without the Borrower’s prior consent of, or any and without serving a notice to, the Borrower, any Security Party, the Agent or the Security Trusteethereon; and the Lenders may assign, in any manner assign without the Borrower’s prior consent and terms agreed by the Majority Lenders, the Agent and the Security Trustee, without serving a notice thereon all or any part of those the rights referred to in the preceding sentence to an insurer or surety who has become subrogated to them.

Appears in 5 contracts

Samples: Loan Agreement (EuroDry Ltd.), Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

Sub-participation; subrogation assignment. A Lender may sub-participate or include in a securitisation or similar transaction all or any part of its rights and/or obligations under or in connection with the Finance Documents without the Borrower’s prior consent of, or any and without serving a notice to, the Borrower, any Security Party, the Agent or the Security Trusteethereon; and the Lenders may assignassign without the Borrower’s prior consent but after consultation with the Borrower, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 5 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)

Sub-participation; subrogation assignment. A Lender may sub-participate sub‑participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, any Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 4 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Scorpio Tankers Inc.), Amending and Restating Agreement (Golar LNG Partners LP)

Sub-participation; subrogation assignment. A Lender may sub-participate or include in a securitisation or similar transaction all or any part of its rights and/or obligations under or in connection with the Finance Documents without the Borrowers’ prior consent of, or any and without serving a notice to, the Borrower, any Security Party, the Agent or the Security Trusteethereon; and the Lenders may assignassign without the Borrowers’ prior consent but after consultation with the Borrowers, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 4 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Partners L.P.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the BorrowerBorrowers, any Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 3 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents (other than the Master Agreements) without the consent of, or any notice to, the any Borrower, any Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 3 contracts

Samples: Loan Agreement (Dynagas LNG Partners LP), Loan Agreement (Dynagas LNG Partners LP), Loan Agreement

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the BorrowerBorrowers, any Security Party, the Agent or Agent, the Security TrusteeTrustee or any other Creditor Party; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, Trustee all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 3 contracts

Samples: Loan Agreement (TBS International PLC), Loan Agreement (TBS International PLC), Loan Agreement (TBS International LTD)

Sub-participation; subrogation assignment. A The Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, of the Borrower, any Security Party, the Agent or the Security Trustee; Borrower and the Lenders Lender may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trusteeit, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 3 contracts

Samples: Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (Omega Navigation Enterprises, Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate sub‑participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the BorrowerBorrowers, any other Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 3 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, any Security Party, the Agent or the Security Trusteeother Creditor Parties; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 3 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Partners L.P.), Execution Version (Navios Maritime Containers Inc.)

Sub-participation; subrogation assignment. A The Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents and the Master Agreement without the consent of, or any notice to, the Borrower, Borrower or any Security Party, the Agent or the Security Trustee; Party and the Lenders Lender may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 3 contracts

Samples: Agreement (Paragon Shipping Inc.), Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate sub‑participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, any other Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Sub-participation; subrogation assignment. A Lender may sub-sub participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the any Borrower, any Security Party, the Agent or the Security TrusteeTrustee or any other Creditor Party; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 2 contracts

Samples: Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents (other than the Master Agreement) without the consent of, or any notice to, the any Borrower, any Security Party, the Agent or the Security TrusteeTrustee or any other Creditor Party; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 2 contracts

Samples: Loan Agreement (DryShips Inc.), Loan Agreement (Star Bulk Management Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, any Security PartyObligor, the Agent or the Security Trustee; and Trustee but with the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part prior written consent of those rights to an insurer or surety who has become subrogated to themSACE.

Appears in 2 contracts

Samples: Loan Agreement (Prestige Cruises International, Inc.), Loan Agreement (Seven Seas Cruises S. DE R.L.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any with notice to, the Borrower, any Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, to the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 2 contracts

Samples: Credit Agreement (Scorpio Bulkers Inc.), Credit Agreement (Scorpio Bulkers Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate or include in a securitisation or similar transaction all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, Borrowers’ or any notice to, the Borrower, any other Security Party, the Agent or the Security Trustee; ’s prior consent and without serving a notice thereon and the Lenders may assignassign without the Borrowers’ prior consent but in consultation with the Borrowers, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Navios Maritime Partners L.P.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the either Borrower, any Security Party or any other Creditor Party, the Agent or the Security Trustee; and the Lenders may assign, assign in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who which has become subrogated to them.

Appears in 2 contracts

Samples: Agreement (NewLead Holdings Ltd.), Agreement (NewLead Holdings Ltd.)

Sub-participation; subrogation assignment. A The Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, Borrower or any Security Party, the Agent or the Security Trustee; Party and the Lenders Lender may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trusteeit, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 2 contracts

Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, any Security Party, the Facility Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Facility Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

Sub-participation; subrogation assignment. A Subject to Clause 24.15, a Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the Borrower’ prior consent of, or any and without serving a notice to, the Borrower, any Security Party, the Agent or the Security Trustee; thereon and the Lenders may assignassign without the Borrower’ prior consent and without serving a notice thereon, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 2 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Acquisition CORP)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, any Security Party or any other Creditor Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 2 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate sub‑participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the BorrowerBorrowers, any Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 2 contracts

Samples: Loan Agreement (Euroseas Ltd.), Dynagas LNG Partners LP

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents and the Master Agreement to which it is a party without the consent of, or any notice to, the any Borrower, any Security Party, the Agent or the Security TrusteeTrustee or any other Creditor Party; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 2 contracts

Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate or include in a securitisation or similar transaction all or any part of its rights and/or obligations under or in connection with the Finance Documents without the Borrowers’ prior consent of, or any and without serving a notice to, the Borrower, any Security Party, the Agent or the Security Trusteethereon; and the Lenders may assign, in any manner assign without the Borrowers’ prior consent and terms agreed by the Majority Lenders, the Agent and the Security Trustee, without serving a notice thereon all or any part of those the rights referred to in the preceding sentence to an insurer or surety who has become subrogated to them.

Appears in 2 contracts

Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Castor Maritime Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents (other than a Master Agreement) without the consent of, or any notice to, the BorrowerBorrowers, any Security Party, the Facility Agent or the Security TrusteeTrustee or any other Creditor Party; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Facility Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 2 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent ofconsent, or any notice to, the Borrower, any Security Party, any other Lender, the Agent or the Security Trustee; Trustee and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 2 contracts

Samples: Loan Agreement (DryShips Inc.), Loan and Guarantee Facility Agreement (DryShips Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents (other than the Master Agreement) without the consent of, or any notice to, the Borrower, any Security Party, the Facility Agent or the Security TrusteeTrustee or any other Creditor Party; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Facility Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 2 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the BorrowerBorrowers, any Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trusteeterms, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents (other than the Master Agreement) without the consent of, or any notice to, the Borrower, any Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the BorrowerBorrowers, any other Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.)

Sub-participation; subrogation assignment. A Lender may sub-participate sub‑participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the any Borrower, any Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Agreement (Scorpio Bulkers Inc.)

Sub-participation; subrogation assignment. A Lender Bank may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the BorrowerObligors, any Security Party, the Issuing Bank, the Agent or the Security Trustee; and the Lenders Banks may assign, in any manner and terms agreed by the Issuing Bank, the Majority LendersBanks, the Issuing Bank, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Agreement (Euronav NV)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without subject to the prior written consent of, (which shall not be unreasonably withheld or any notice to, delayed) of the Borrower, any Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent Agent, the Borrower and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Costamare Partners LP)

Sub-participation; subrogation assignment. A Lender may sub-participate sub‑participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, any other Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

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Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents (other than the Master Agreement) without the consent of, or any notice to, the either Borrower, any Security Party, the Agent or the Security TrusteeTrustee or any other Creditor Party; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Management Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate or include in a securitisation or similar transaction all or any part of its rights and/or obligations under or in connection with the Finance Documents without the Borrower’s prior consent of, or any and without serving a notice to, the Borrower, any Security Party, the Agent or the Security Trusteethereon; and the Lenders may assignassign without the Borrowers’ prior consent but after consultation with the Borrower, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Agreement (Navios Maritime Containers Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, of the BorrowerBorrowers, any Security Party, an Approved Manager, the Agent or the Security TrusteeAgent (but with prior notice of at least 30 days to the Borrowers); and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security TrusteeAgent, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

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

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, any Security Party, the Issuing Bank, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Issuing Bank, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the BorrowerBorrowers, any Security Party, the Agent or the Security Trusteeother Creditor Parties; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Agreement (Navios Maritime Containers Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate or include in a securitisation or similar transaction all or any part of its rights and/or obligations under or in connection with the Finance Documents without the Borrowers' prior consent of, or any and without serving a notice to, the Borrower, any Security Party, the Agent or the Security Trusteethereon; and the Lenders may assign, in any manner assign without the Borrowers' prior consent and terms agreed by the Majority Lenders, the Agent and the Security Trustee, without serving a notice thereon all or any part of those the rights referred to in the preceding sentence to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Castor Maritime Inc.)

Sub-participation; subrogation assignment. A The Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents Documents, without the consent of, or any notice to, the Borrower, Borrowers or any Security Party, the Agent or the Security Trustee; and the Lenders Lender may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trusteeit, all or any part of those rights to an insurer or surety who has become subrogated to themit.

Appears in 1 contract

Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)

Sub-participation; subrogation assignment. A The Lender may sub-participate sub‑participate all or any part of its rights and/or obligations under or in connection with the Finance Documents and the Master Agreement without the consent of, or any notice to, the Borrower, Borrower or any Security Party, the Agent or the Security Trustee; Party and the Lenders Lender may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, any Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner mariner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Agreement (Star Bulk Carriers Corp.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the any Borrower, any Security Party, the Agent or the Security Trusteeother Creditor Parties; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Agreement (Navios Maritime Partners L.P.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents and the Master Agreement without the consent of, or any notice to, the either Borrower, any Security Party, the Agent or the Security TrusteeTrustee or any other Creditor Party; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, any Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any an part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Sub-participation; subrogation assignment. A The Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, . the Borrower, Borrower or any Security Party, the Agent or the Security Trustee; and the Lenders Lender may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, any Security Party, the Agent, the Paying Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent, the Paying Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without with notice to the consent of, or any notice to, the Borrower, any Security PartyParties, the Agent or and the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Sub-participation; subrogation assignment. A The Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, of or any notice to, to the Borrower, any Security Party, the Agent or the Security Trustee; Borrower and the Lenders Lender may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trusteeit, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Poseidon Containers Holdings Corp.)

Sub-participation; subrogation assignment. A Lender may sub-sub participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the either Borrower, any Security Party, the Agent or the Security TrusteeTrustee or any other Creditor Party; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents and the Master Agreement without the consent of, or any notice to, the any Borrower, any Security Party, the Agent or the Security TrusteeTrustee or any other Creditor Party; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Sub-participation; subrogation assignment. A The Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, of or any notice to, to the Borrower, any Security Party, the Agent or the Security TrusteeBorrowers; and the Lenders Lender may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trusteeit, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Sub-participation; subrogation assignment. A Lender may at the Lender's cost and expense sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents (other than the Master Agreement) without the consent of, or any notice to, the either Borrower, any Security Party, the Agent or the Security TrusteeTrustee or any other Creditor Party; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate sub‑participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the either Borrower, any Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Agreement (Scorpio Tankers Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, any Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lendersthem, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate sub‑participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the BorrowerBorrowers, any other Security Party, the Agent or the Security Trustee; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Sub-participation; subrogation assignment. (a) A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, any Security Party, the Agent or the Security Trustee; Trustee and (where an Event of Default has occurred and is continuing) any Borrower. Where no Event of Default has occurred and is continuing the Lenders may assignBorrowers’ consent to such sub-participation shall be required, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all such consent not to be unreasonably withheld or any part of those rights to an insurer or surety who has become subrogated to themdelayed.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, to the BorrowerBorrowers, any Security Party, the Agent or the Security TrusteeTrustee or any other Creditor Party; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

Sub-participation; subrogation assignment. A The Lender may sub-participate all or any part of its rights and/or obligations under and/or liabilities under, or in connection with with, this Agreement or the Finance Security Documents without the consent of, or any notice to, the Borrower, any Security Party, the Agent or the Security Trustee; and the Lenders Lender may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trusteeit, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.)

Sub-participation; subrogation assignment. A Lender may sub-participate all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, the Borrower, any Security Party, the Agent or the Security Trustee; any other Lender and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent Lenders and the Security TrusteeAgent, all or any part of those rights to an insurer or surety who has become subrogated to them.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

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