Common use of Sums deemed due to a Lender Clause in Contracts

Sums deemed due to a Lender. For the purposes of this Clause 25 (Set-Off/Bail-In), a sum payable by the Borrowers to the Agent or the Security Agent for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Partners L.P.)

Sums deemed due to a Lender. For the purposes of this Clause 25 (Set-Off/Bail-In), a sum payable by the Borrowers Borrower to the Agent or the Security Agent Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s 's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.

Appears in 1 contract

Sources: Loan Agreement (Paragon Shipping Inc.)

Sums deemed due to a Lender. For the purposes of this Clause 25 (Set-Off/Bail-In)25, a sum payable by the Borrowers to the Agent or the Security Agent Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender▇▇▇▇▇▇; and each Lender’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.

Appears in 1 contract

Sources: Loan Agreement (Product Shipping Ltd.)

Sums deemed due to a Lender. For the purposes of this Clause 25 22 (Set-Off/Bail-In), a sum payable by the Borrowers Borrower to the Agent or the Security Agent for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s 's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.

Appears in 1 contract

Sources: Loan Agreement (Seven Seas Cruises S. DE R.L.)

Sums deemed due to a Lender. For the purposes of this Clause 25 22 (Set-Off/Bail-In), a sum payable by the Borrowers Borrower to the Agent or the Security Agent for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.

Appears in 1 contract

Sources: Loan Agreement (Prestige Cruises International, Inc.)

Sums deemed due to a Lender. For the purposes of this Clause 25 (Set-Off/Bail-In)25.3, a sum payable by the Borrowers Borrower to the Agent or the Security Agent Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s 's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.

Appears in 1 contract

Sources: Loan Agreement (Diana Shipping Inc.)