Expenditure. No Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its Ship.
Appears in 25 contracts
Samples: Assignment Agreement (Ardmore Shipping Corp), Facility Agreement (United Maritime Corp), Assignment Agreement (Ardmore Shipping Corp)
Expenditure. No Neither Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its Shipthe Ship owned by it.
Appears in 2 contracts
Samples: Banks and Financial Institutions (Okeanis Eco Tankers Corp.), Banks and Financial Institutions (Okeanis Eco Tankers Corp.)
Expenditure. No Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its ShipShip and the administration and operation of the Transaction Obligors.
Appears in 2 contracts
Samples: Assignment Agreement (Dorian LPG Ltd.), Assignment Agreement (Dorian LPG Ltd.)
Expenditure. No Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its ShipVessel.
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Expenditure. No Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, chartering, maintaining and repairing its Ship.
Appears in 1 contract
Samples: Agreement (Global Ship Lease, Inc.)
Expenditure. No Neither the Borrower nor any Guarantor shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its ShipVessel.
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Expenditure. No Neither Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its Ship.
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Expenditure. No The Borrower shall not incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its the Ship.
Appears in 1 contract
Expenditure. No Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its Shipthe Ship owned by that Borrower and the Borrowers shall ensure that all such expenditures are paid when due and payable.
Appears in 1 contract
Expenditure. No Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, insuring, maintaining and repairing its ShipShip and the administration of the Borrowers.
Appears in 1 contract
