Persons entitled
- Dvb Bank Ag in Its Capacity as Agent and Security Trustee
Amount secured
All monies due or to become due including without limitation an aggregate principal amount not exceeding the lower of (a) $45,400.000 and (b) 80% of the aggregate value of the vessels from the company to the agent under the terms of the aforementioned instrument creating or evidencing the charge
Short particulars
The right at any time after all or any part of the indebtedness shall have become due and payable to set-off without notice any liability of any of the borrowers to any of the lenders or to the agent irrespective of the branch or office currency or place of payment against any credit balance from time to time standing. See the mortgage charge document for full details.