No Security Interest. This Clause gives the Lender a contractual right of set-off only, and does not create any equitable charge or other Security Interest over any credit balance of the Borrower.
Appears in 4 contracts
Sources: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)
No Security Interest. This Clause 23 gives the Lender a contractual right of set-off only, and does not create any equitable charge or other Security Interest over any credit balance of the Borrower.
Appears in 3 contracts
Sources: Loan Agreement (Diana Shipping Inc.), Fourth Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
No Security Interest. This Clause ( ) gives the Lender Creditor Parties a contractual right of set-off only, and does not create any equitable charge or other Security Interest over any credit balance of the any Borrower.
Appears in 2 contracts
Sources: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.)
No Security Interest. This Clause 23 gives the Lender a contractual right of set-off only, and does not create any equitable charge or other Security Interest over any credit balance of the any Borrower.
Appears in 1 contract
Sources: Loan Agreement (Pyxis Tankers Inc.)
No Security Interest. This Clause 13 gives the Lender a contractual right of set-off only, and does not create any equitable charge or other Security Interest over any credit balance of the BorrowerGuarantor.
Appears in 1 contract
Sources: Loan Agreement (Mc Shipping Inc)
No Security Interest. This Clause 23 gives the Lender a contractual right of set-off only, and does not create any an equitable charge or other Security Interest over any credit balance of the Borrower.
Appears in 1 contract
Sources: Amendment Agreement (Aegean Marine Petroleum Network Inc.)