Common use of Seizure Clause in Contracts

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entity; or

Appears in 47 contracts

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

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Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 13 contracts

Samples: Agreement (Imperial Petroleum Inc./Marshall Islands), Facility Agreement (Costamare Partners LP), Facility Agreement (Costamare Partners LP)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Relevant Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 11 contracts

Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or other Restricted Company are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 10 contracts

Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or other Relevant Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 7 contracts

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

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party (other than the Manager) are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entity; or

Appears in 6 contracts

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

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security other Relevant Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 6 contracts

Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Freeseas Inc.), Loan Agreement (Globus Maritime LTD)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or any other Relevant Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 5 contracts

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

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party (including the Supervisor prior to the Delivery Date only) are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 4 contracts

Samples: Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or any other member of the Group are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 4 contracts

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

Seizure. all or a material part of the undertakingundertakings, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or any other Relevant Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entity; or

Appears in 3 contracts

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

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or any other Restricted Company are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 2 contracts

Samples: Loan Agreement (Mc Shipping Inc), Loan Agreement (Capital Maritime & Trading Corp.)

Seizure. all or a material part of the undertakingundertakings, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or other Relevant Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entity; or

Appears in 2 contracts

Samples: Supplemental Agreement, Supplemental Agreement (Gala Properties Inc.)

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Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or other Group Member are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entity; or

Appears in 2 contracts

Samples: Agreement (StealthGas Inc.), Agreement (StealthGas Inc.)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment Provided however that there will not be an Event of Default if such events lead to the Total Loss of a Ship and the Borrowers comply with their relevant prepayment obligations under clause 4.3.2 in respect of such Total Loss; or

Appears in 1 contract

Samples: Agreement (Seanergy Maritime Holdings Corp.)

Seizure. all or a material part of the undertaking, assetsassets (other than the Vessel), rights or revenues of, or shares or other ownership interests in, any Security Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entity; or

Appears in 1 contract

Samples: Facility Agreement (Pyxis Tankers Inc.)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, the Borrower or any Security Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment entity; or

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or other Relevant Party or the Refund Guarantor are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment; or

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernment Provided however that 41 there will not be an Event of Default if such events lead to the Total Loss of a Ship and the Borrowers comply with their relevant prepayment obligations under clause 4.3.2 in respect of such Total Loss; or

Appears in 1 contract

Samples: Seanergy Maritime Holdings Corp.

Seizure. all or a material part of the undertaking, assets, rights or revenues of, or shares or other ownership interests in, any Security Party or other Relevant Party are seized, nationalised, expropriated or compulsorily acquired by or under the authority of any Government Entitygovernments; or

Appears in 1 contract

Samples: Agreement (Paragon Shipping Inc.)

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