Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Account is insufficient to repay any Drawing or to make any payment of interest when due, the Borrower’s obligation to repay that Drawing or to make that payment of interest shall not be affected.
Appears in 6 contracts
Sources: Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.), Credit Facility Agreement (Safe Bulkers, Inc.), Credit Facility Agreement (Safe Bulkers, Inc.)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Retention Account is insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.
Appears in 4 contracts
Sources: Secured Loan Agreement (DHT Holdings, Inc.), Secured Loan Agreement (Poseidon Containers Holdings Corp.), Secured Loan Agreement (HC2 Holdings, Inc.)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Earnings Account is insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s 's obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.
Appears in 3 contracts
Sources: Secured Loan Agreement (Paragon Shipping Inc.), Secured Loan Agreement (Top Ships Inc.), Secured Loan Agreement (Top Ships Inc.)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Earnings Account is shall be insufficient to repay pay any Drawing Repayment Instalment or to make any payment of interest when due, the Borrower’s Borrowers' obligation to repay pay that Drawing Repayment Instalment or to make that payment of interest shall not be affected.
Appears in 2 contracts
Sources: Loan Facility Agreement (Mc Shipping Inc), Loan Facility Agreement (Mc Shipping Inc)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Operating Account Accounts is insufficient to repay any Drawing or to make any payment of interest when due, the Borrower’s Borrowers’ obligation to repay that Drawing or to make that payment of interest shall not be affected.
Appears in 1 contract
Sources: Secured Loan Agreement (Genco Shipping & Trading LTD)