Common use of Sureties Clause in Contracts

Sureties. permit any of its Indebtedness to be guaranteed or otherwise assured against financial loss by any person (save for guarantees or indemnities from time to time required in the ordinary course by any protection and indemnity or war risks association with which such Borrower's Ship is entered, guarantees required to procure the release of such Ship from any arrest, detention, attachment or levy or guarantees or undertakings required for the salvage of such Ship);

Appears in 2 contracts

Sources: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)

Sureties. permit any of its Indebtedness to be guaranteed or otherwise assured against financial loss by any person (save for guarantees or indemnities from time to time required in the ordinary course by any protection and indemnity or war risks association with which such Borrower's a Ship is entered, guarantees required to procure the release of such a Ship from any arrest, detention, attachment or levy or guarantees or undertakings required for the salvage of such a Ship);

Appears in 2 contracts

Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)

Sureties. permit any of its Indebtedness to be guaranteed or otherwise assured against financial loss by any person (save for guarantees or indemnities from time to time required in the ordinary course by any protection and indemnity or war risks association with which such Borrower's the Ship is entered, guarantees required to procure the release of such the Ship from any arrest, detention, attachment or levy or guarantees or undertakings required for the salvage of such the Ship);

Appears in 2 contracts

Sources: Loan Agreement (DryShips Inc.), Loan Agreement (Navios Maritime Holdings Inc.)

Sureties. permit any of its Indebtedness to be guaranteed or otherwise assured against financial loss by any person (save for guarantees or indemnities from time to time required in the ordinary course by any protection and indemnity or war risks association with which such Borrower's the Ship is entered, guarantees required to procure the release of such its Ship from any arrest, detention, attachment or levy or guarantees or undertakings required for the salvage of such its Ship);

Appears in 1 contract

Sources: Loan Agreement (NewLead Holdings Ltd.)