Ownership Management. there is any change in the direct or indirect ownership of either Borrower or either Vessel or change of Manager of either Vessel without the prior written consent of the Bank or the number of shares of and in the Corporate Guarantor controlled by NMH, ▇▇▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and their respective affiliates in aggregate falls below 20% of the issued shares of the Corporate Guarantor; or
Appears in 3 contracts
Sources: Facility Agreement, Facility Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Acquisition CORP)