Common use of Cessation of Business Clause in Contracts

Cessation of Business. any Security Party suspends or ceases or threatens to suspend or cease to carry on its business; or

Appears in 29 contracts

Samples: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Performance Shipping Inc.), Loan Agreement (Seanergy Maritime Holdings Corp.)

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Cessation of Business. any Security Party suspends or ceases or threatens to suspend or cease to carry on its business; or

Appears in 9 contracts

Samples: Loan Agreement (Pyxis Tankers Inc.), Secured Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Acquisition CORP)

Cessation of Business. any Security Party or any other Relevant Party suspends or ceases or threatens to suspend or cease to carry on its business; or

Appears in 8 contracts

Samples: Supplemental Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)

Cessation of Business. any Security Party or other Relevant Party suspends or ceases or threatens to suspend or cease to carry on its business; or

Appears in 7 contracts

Samples: Supplemental Agreement, Loan Agreement (Quintana Shipping Ltd.), Agreement (Quintana Shipping Ltd.)

Cessation of Business. any Security Party or any other member of the Group suspends or ceases or threatens to suspend or cease to carry on its business; or

Appears in 5 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Diana Shipping Inc.), Agreement (DryShips Inc.)

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Cessation of Business. any Security Party suspends or ceases or threatens to suspend or cease to carry on its businessbusiness without the prior consent of the Lender; or

Appears in 3 contracts

Samples: Facility Agreement (Euroseas Ltd.), Agreement (EuroDry Ltd.), Agreement (EuroDry Ltd.)

Cessation of Business. any Security Party suspends or ceases or threatens to suspend or cease to carry on its businessbusiness without the prior consent of the Tender; or

Appears in 1 contract

Samples: Agreement (Euroseas Ltd.)

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