Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with the Banks), is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or
Appears in 23 contracts
Sources: Facility Agreement for a Term Loan Facility (Navios Maritime Partners L.P.), Facility Agreement (EuroDry Ltd.), Facility Agreement (Euroseas Ltd.)
Material Events. any other event occurs or circumstance arises which, in the reasonable opinion of the Agent (following consultation with the Banks), is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or any of the Underlying Documents or (ii) the security created by any of the Security Documents; or.
Appears in 11 contracts
Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.), Third Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Ninth Supplemental Agreement (Aegean Marine Petroleum Network Inc.)
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with the Banks)Bank, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or
Appears in 10 contracts
Sources: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Holdings Inc.)
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with the BanksLenders), is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or
Appears in 7 contracts
Sources: Facility Agreement, Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Material Events. any other event occurs or circumstance arises which, in the reasonable opinion of the Agent (following consultation with the Banks)Bank, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents to which it is a party or (ii) the security created by any of the Security Documents; or.
Appears in 5 contracts
Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Freeseas Inc.), Facility Agreement (Globus Maritime LTD)
Material Events. any other event occurs or circumstance arises which, in the reasonable opinion of the Agent (following consultation with the Banks)Lender, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents to which it is a party or (ii) the security created by any of the Security DocumentsDocuments or (iii) the value or nature of the financial condition of any Security Party (other than the Manager); or
Appears in 5 contracts
Sources: Facility Agreement (Euroseas Ltd.), Facility Agreement (Euroseas Ltd.), Facility Agreement (EuroDry Ltd.)
Material Events. any other event occurs or circumstance arises which, in the reasonable opinion of the Agent (following consultation with the Banks)Bank, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or.
Appears in 5 contracts
Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)
Material Events. any other event occurs or circumstance arises which, in the reasonable opinion of the Agent (following consultation with the Banks), is likely materially and adversely to affect either (ia) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (iib) the security created by any of the Security Documents; or.
Appears in 4 contracts
Sources: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Diana Shipping Inc.), Loan Agreement (DryShips Inc.)
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with acting on the instructions of the Majority Banks), is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or any of the Underlying Documents or (ii) the security created by any of the Security Documents; or.
Appears in 3 contracts
Sources: Supplemental Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.), Senior Loan Agreement (FreeSeas Inc.)
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with the Banks)Bank, is likely materially and adversely to affect either (i) the ability of the Borrower or any other Security Party to perform all or any of its their respective obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or.
Appears in 3 contracts
Sources: Loan Agreement (Capital Maritime & Trading Corp.), Loan Agreement (Capital Maritime & Trading Corp.), Loan Agreement (Navios Maritime Holdings Inc.)
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with the Banks)Bank, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents (including, for the avoidance of doubt, the Master Swap Agreement) or (ii) the security created by any of the Security Documents; or.
Appears in 2 contracts
Sources: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Material Events. any other event occurs or circumstance arises which, in the reasonable opinion of the Agent (following consultation with acting on the instructions of the Majority Banks), is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or.
Appears in 2 contracts
Sources: Facility Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (acting reasonably and following consultation with the Banks), is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or any of the Underlying Documents or (ii) the security created by any of the Security Documents; or
Appears in 2 contracts
Sources: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)
Material Events. any other event occurs or circumstance arises which, in the opinion of the Facility Agent (following consultation with the BanksLenders), is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Finance Documents or any of the Underlying Documents or (ii) the security created by any of the Security Finance Documents; or.
Appears in 2 contracts
Sources: On Delivery Facility Agreement (Paragon Shipping Inc.), On Delivery Buyer Credit Facility Agreement (DryShips Inc.)
Material Events. any other event occurs or circumstance arises which, in the reasonable opinion of the Agent (following consultation with the Banks), is likely materially and adversely to affect either (iI) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or any of the Underlying Documents or (ii) the security created by any of the Security Documents; or,
Appears in 2 contracts
Sources: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.)
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with the Banks)Bank, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents (including, for the avoidance of doubt,) the Master Swap Agreement) or (ii) the security created by any of the Security Documents; or.
Appears in 2 contracts
Sources: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with the Banks)Bank, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its their respective obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or.
Appears in 2 contracts
Sources: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)
Material Events. any other event occurs or circumstance arises which, in the reasonable opinion of the Agent (following consultation with the Banks)Bank, is likely materially and adversely to affect either (ia) the ability of any Security Party to perform all or any of its their respective obligations under or otherwise to comply with the terms of any of the Security Documents or (iib) the security created by any of the Security Documents; or.
Appears in 2 contracts
Sources: Supplemental Agreement, Supplemental Agreement (Gala Properties Inc.)
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with the Banks)Bank, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or the Master Swap Agreement or (ii) the security created by any of the Security Documents; or;
Appears in 2 contracts
Sources: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with acting on the Banksinstructions of the Lenders), is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or
Appears in 2 contracts
Sources: Facility Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Acquisition CORP)
Material Events. any other event occurs or circumstance arises which, in the reasonable opinion of the Agent (following consultation with the Banks), is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or
Appears in 1 contract
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with the Banks)Bank, is likely materially and adversely to affect either (i) the ability of the Borrower or any other Security Party to perform all or any of its their respective obligations under or otherwise to comply with the terms of any of the Security Documents or the Underlying Documents or (ii) the security created by any of the Security Documents; or.
Appears in 1 contract
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with Banks and/or the Banks)Agent, is likely materially and adversely to affect either either
(ia) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or Finance Documents; or
(iib) the security created by any of the Security Documents; or
Appears in 1 contract
Sources: Junior Secured Loan Agreement (Omega Navigation Enterprises, Inc.)
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with the Banks)Lender, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or any of the Underlying Documents or (ii) the security created by any of the Security Documents; or
Appears in 1 contract
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with the Banks)Lender, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or
Appears in 1 contract
Sources: Facility Agreement (Navios Maritime Midstream Partners LP)
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent Bank (following consultation with the Banks), is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or
Appears in 1 contract
Material Events. any other event occurs or circumstance arises which, in the reasonable opinion of the Agent (following consultation with acting on the instructions of the Majority Banks), is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or any of the Underlying Documents or (ii) the security created by any of the Security Documents; or.
Appears in 1 contract
Sources: Loan Agreement (DryShips Inc.)
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with the Banks), is likely will materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or
Appears in 1 contract
Material Events. any other event occurs or circumstance arises which, in the reasonable opinion of the Agent (following consultation with the Banks)Bank, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or
Appears in 1 contract
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with acting on the instructions of the Majority Banks), is likely materially and adversely to affect either (ia) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or the Underlying Documents or (iib) the security created by any of the Security Documents; or.
Appears in 1 contract
Sources: Loan Agreement (DryShips Inc.)
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with Banks and/or the Banks)Agent, is likely materially and adversely to affect either either
(ia) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or the Master Swap Agreement; or
(iib) the security created by any of the Security Documents; or
Appears in 1 contract
Sources: Facilities Agreement (Omega Navigation Enterprises, Inc.)
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with the Banks)Bank, is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or any of the Underlying Documents or (ii) the security created by any of the Security Documents; or.
Appears in 1 contract
Material Events. any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with Banks and/or the Banks)Agent, is likely materially and adversely to affect either either
(ia) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or Documents; or
(iib) the security created by any of the Security Documents; or
Appears in 1 contract
Sources: Facilities Agreement (Aries Maritime Transport LTD)