Supplemental. 7.1 This Deed, including the charge created by clause 3, shall remain in force as a continuing security until the Security Period has ended. 7.2 The rights of the Bank under this Deed will not be discharged or prejudiced by: 7.2.1 any kind of amendment or supplement to the other Security Documents; 7.2.2 any arrangement or concession, including a rescheduling, which the Bank may make in relation to any of the Loan Agreement, the Master Swap Agreement and the other Security Documents, or any action by the Bank and/or the Owner and/or any other party thereto which is contrary to the terms of the Loan Agreement, the Master Swap Agreement and the other Security Documents; 7.2.3 any release or discharge, whether granted by the Bank or effected by the operation of any law, of all or any of the obligations of the Owner and/or any other party thereto under any of the Loan Agreement, the Master Swap Agreement and the other Security Documents; 7.2.4 any change in the ownership and/or control of the Owner and/or any other party thereto and/or merger, demerger or reorganisation involving the Owner and/or any other party thereto; 7.2.5 any event or matter which is similar to, or connected with, any of the foregoing; and the rights of the Bank under this Deed do not depend on the Loan Agreement, the Master Swap Agreement or any of the Security Documents being or remaining valid. 7.3 Nothing in this Deed excludes or restricts any right of counterclaim, set-off, right to net payments, or any other right or remedy which the Bank would have had other than under the general law, the Loan Agreement, the Master Swap Agreement and the other Security Documents.
Appears in 3 contracts
Sources: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Supplemental. 7.1 This Deed, including the charge created by clause 3, shall remain in force as a continuing security until the Security Period has ended.
7.2 The rights of the Bank under this Deed will not be discharged or prejudiced by:
7.2.1 any kind of amendment or supplement to the other Security Documents;; or
7.2.2 any arrangement or concession, including a rescheduling, which the Bank may make in relation to any of the Loan Agreement, the Master Swap Agreement and the other Security Documents, or any action by the Bank and/or the Owner Borrower and/or any other party thereto which is contrary to the terms of the Loan Agreement, the Master Swap Agreement and the other Security Documents;; or
7.2.3 any release or discharge, whether granted by the Bank or effected by the operation of any law, of all or any of the obligations of the Owner Borrower and/or any other party thereto under any of the Loan Agreement, the Master Swap Agreement and the other Security Documents;; or
7.2.4 any change in the ownership Borrowership and/or control of the Owner Borrower and/or any other party thereto and/or merger, demerger or reorganisation involving the Owner Borrower and/or any other party thereto;; or
7.2.5 any event or matter which is similar to, or connected with, any of the foregoing; , and the rights of the Bank under this Deed do not depend on the Loan Agreement, the Master Swap Agreement or any of the other Security Documents being or remaining valid.
7.3 Nothing in this Deed excludes or restricts any right of counterclaim, set-off, right to net payments, or any other right or remedy which the Bank would have had other than under the general law, the Loan Agreement, the Master Swap Agreement and the other Security Documents.
Appears in 1 contract
Sources: Loan Agreement (Safe Bulkers, Inc.)
Supplemental. 7.1 8.1 This Deed, including the charge created by clause 3, shall remain in force as a continuing security until the Security Period has ended.
7.2 8.2 The rights of the Bank under this Deed will not be discharged or prejudiced by:
7.2.1 8.2.1 any kind of amendment or supplement to the other Security Documents;
7.2.2 8.2.2 any arrangement or concession, including a rescheduling, which the Bank may make in relation to any of the Loan Agreement, the Master Swap Agreement and the other Security Documents, or any action by the Bank and/or the Owner Borrower and/or any other party thereto which is contrary to the terms of the Loan Agreement, the Master Swap Agreement and the other Security Documents;
7.2.3 8.2.3 any release or discharge, whether granted by the Bank or effected by the operation of any law, of all or any of the obligations of the Owner Borrower and/or any other party thereto under any of the Loan Agreement, the Master Swap Agreement and the other Security Documents;
7.2.4 8.2.4 any change in the ownership and/or control of the Owner Borrower and/or any other party thereto and/or merger, demerger or reorganisation involving the Owner Borrower and/or any other party thereto;; or
7.2.5 8.2.5 any event or matter which is similar to, or connected with, any of the foregoing; , and the rights of the Bank under this Deed do not depend on the Loan Agreement, the Master Swap Agreement or any of the Security Documents being or remaining valid.
7.3 8.3 Nothing in this Deed excludes or restricts any right of counterclaim, set-off, right to net payments, or any other right or remedy which the Bank would have had other than under the general law, the Loan Agreement, the Master Swap Agreement and the other Security Documents.
Appears in 1 contract
Supplemental. 7.1 This Deed, including the charge created by clause 3, shall remain in force as a continuing security until the Security Period has ended.
7.2 The rights of the Bank Lender under this Deed will not be discharged or prejudiced by:
7.2.1 any kind of amendment or supplement to the other Security Documents;
7.2.2 any arrangement or concession, including a rescheduling, which the Bank Lender may make in relation to any of the Loan Agreement, the Master Swap Agreement and the other Security Documents, or any action by the Bank Lender and/or the Owner and/or any other party thereto which is contrary to the terms of the Loan Agreement, the Master Swap Agreement and the other Security Documents;
7.2.3 any release or discharge, whether granted by the Bank Lender or effected by the operation of any law, of all or any of the obligations of the Owner and/or any other party thereto under any of the Loan Agreement, the Master Swap Agreement and the other Security Documents;
7.2.4 any change in the ownership and/or control of the Owner and/or any other party thereto and/or merger, demerger or reorganisation involving the Owner and/or any other party thereto;
7.2.5 any event or matter which is similar to, or connected with, any of the foregoing; and the rights of the Bank Lender under this Deed do not depend on the Loan Agreement, the Master Swap Agreement or any of the Security Documents being or remaining valid.
7.3 Nothing in this Deed excludes or restricts any right of counterclaim, set-off, right to net payments, or any other right or remedy which the Bank Lender would have had other than under the general law, the Loan Agreement, the Master Swap Agreement and the other Security Documents.
Appears in 1 contract
Sources: Loan Agreement (Safe Bulkers, Inc.)
Supplemental. 7.1 This Deed, including the charge created by clause 3, shall remain in force as a continuing security until the Security Period has ended.
7.2 The rights of the Bank Security Agent under this Deed will not be discharged or prejudiced by:
7.2.1 any kind of amendment or supplement to any of the other Security Documents;
7.2.2 any arrangement or concession, including a rescheduling, which the Bank Security Agent or the Secured Creditors or any of them may make in relation to any of the Loan Agreement, the Master Swap Agreement Agreements and the other Security DocumentsDocuments , or any action by the Bank Security Agent and/or the Owner Borrowers and/or any other party thereto which is contrary to the terms of the Loan Agreement, the Master Swap Agreement Agreements and the other Security DocumentsDocuments or any of them;
7.2.3 any release or discharge, whether granted by the Bank Security Agent or the Secured Creditors or any of them or effected by the operation of any law, of all or any of the obligations of the Owner Borrowers and/or any other party thereto under any of the Loan Agreement, the Master Swap Agreement Agreements and the other Security DocumentsDocuments ;
7.2.4 any change in the ownership and/or control of the Owner any Borrower and/or any other party thereto hereto and/or mergermerger , demerger or reorganisation involving the Owner any Borrower and/or any other party thereto;hereto; and
7.2.5 any event or matter which is similar to, or connected with, any of the foregoing; ,
7.2.4 and the rights of the Bank Security Agent under this Deed do not depend on the Loan Agreement, the Master Swap Agreement Agreements and the other Security Documents or any of the Security Documents them being or remaining valid.
7.3 Nothing in this Deed excludes or restricts any right of counterclaim, set-off, right to net payments, or any other right or remedy which the Bank would have had other than under the general law, the Loan Agreement, the Master Swap Agreement and the other Security Documents.
Appears in 1 contract
Sources: Ninth Supplemental Agreement (Aegean Marine Petroleum Network Inc.)