Common use of Financial Indebtedness restrictions Clause in Contracts

Financial Indebtedness restrictions. (a) The Borrower shall not incur, create or permit to subsist any Financial Indebtedness.

Appears in 4 contracts

Samples: Facility Agreement (KNOT Offshore Partners LP), Second Supplemental Agreement (KNOT Offshore Partners LP), Term Facility Agreement

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Financial Indebtedness restrictions. (a) The No Borrower shall not incur, create or permit to subsist any Financial Indebtedness.

Appears in 3 contracts

Samples: Term and Revolving Facilities Agreement (KNOT Offshore Partners LP), Term and Revolving Facilities Agreement (KNOT Offshore Partners LP), Term and Revolving Facilities Agreement

Financial Indebtedness restrictions. (a) The Borrower shall not incur, create or permit to subsist any Financial IndebtednessIndebtedness (whether secured or unsecured) other than as incurred under the Finance Documents, the Subordinated Loan Agreement and the Bareboat Facility (which shall, together with any outstanding amount under the Subordinated Loan Agreement, be repaid at the Drawdown Date at the latest).

Appears in 1 contract

Samples: Assignment Agreement (Helix Energy Solutions Group Inc)

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Financial Indebtedness restrictions. (a) The Borrower Borrowers shall not incur, create or permit to subsist any Financial Indebtedness.

Appears in 1 contract

Samples: Facility Agreement (Flex LNG Ltd.)

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