Ownership and control of Collateral Owners. Each Collateral Owner is a wholly owned subsidiary of the Borrower and is controlled by the Borrower.
Appears in 3 contracts
Sources: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Secured Loan Agreement (Safe Bulkers, Inc.)
Ownership and control of Collateral Owners. Each Collateral Owner is a wholly owned subsidiary Wholly-Owned Subsidiary of the Borrower and is controlled by the Borrower.
Appears in 1 contract
Sources: Third Supplemental Agreement to Secured Loan Facility Agreement (Genco Shipping & Trading LTD)