Common use of No borrowings Clause in Contracts

No borrowings. No Borrower shall incur or allow to remain outstanding any Financial Indebtedness (except for the Loan).

Appears in 2 contracts

Samples: Loan Agreement (Euroseas Ltd.), Euroseas Ltd.

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No borrowings. No Borrower None of the Borrowers shall incur or allow to remain outstanding any Financial Indebtedness (except for the Loan).

Appears in 1 contract

Samples: Performance Shipping Inc.

No borrowings. No Borrower shall incur or allow to remain outstanding any Financial Indebtedness (except for the Loan)Loan and any Permitted Intercompany Loans) unless it is a Permitted Transaction.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Partners L.P.)

No borrowings. No Borrower shall incur or allow to remain outstanding any Financial Indebtedness (except for the Loan)) unless it is a Permitted Transaction or a Permitted Loan.

Appears in 1 contract

Samples: Secured Loan Agreement (Genco Shipping & Trading LTD)

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No borrowings. No The Borrower shall not incur or allow to remain outstanding any Financial Indebtedness (except for the Loan).

Appears in 1 contract

Samples: EuroDry Ltd.

No borrowings. No Borrower shall and the Collateral Owner shall not incur or allow to remain outstanding any Financial Indebtedness (except for the Loan).

Appears in 1 contract

Samples: Loan Agreement (Diana Containerships Inc.)

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