Sub-participation. The Lender may sub-participate all or any part of its rights and/or obligations under the Security Documents at its own expense without the consent of, or notice to, the Borrower. Any such sub-participation shall have no effect on the Lender’s rights under the Security Documents and shall not affect the Borrower at all.
Appears in 4 contracts
Sources: Facility Agreement (EuroDry Ltd.), Facility Agreement (Euroseas Ltd.), Loan Agreement (EuroDry Ltd.)
Sub-participation. The Lender may sub-participate all or any part of its rights and/or obligations under the Security Documents at its own expense without the consent of, or notice to, the BorrowerBorrowers. Any such sub-participation shall have no effect on the Lender’s rights under the Security Documents and shall not affect the Borrower Borrowers at all.
Appears in 2 contracts
Sources: Facility Agreement (Euroseas Ltd.), Facility Agreement (EuroDry Ltd.)
Sub-participation. The Lender may sub-participate all or any part of its rights and/or obligations under the Security Documents at its own expense without the consent of, of or notice to, the Borrower. Any such sub-participation shall have no effect on the Lender’s rights under the Security Documents and shall not affect the Borrower at all.
Appears in 1 contract
Sources: Loan Agreement (Pyxis Tankers Inc.)
Sub-participation. The Lender may sub-participate all or any part of its rights and/or obligations under the Security Documents at its own expense without the consent of, or notice to, the BorrowerBorrowers. Any such sub-participation shall have no effect on the Lender’s rights under the Security Documents and shall not affect the Borrower at allDocuments.
Appears in 1 contract