Common use of No Security Interests Clause in Contracts

No Security Interests. The Guarantor shall not, and shall procure that each other Relevant Person will not create, assume or permit to exist any Security Interest (other than any Permitted Security Interest) of any kind upon any Leasing Document to which such Relevant Person is a party, and if applicable, the Vessel.

No Security Interests. The Guarantor shall not, will not and shall will procure that each other Relevant Person will not create, assume or permit to exist any Security Interest (other than any Permitted Security Interest) of any kind upon any Leasing Document to which such Relevant Person it is a partyparty or any asset subject thereto, and if applicable, other than the VesselPermitted Security Interests.

No Security Interests. The Guarantor shall not, will not and shall will procure that each other Relevant Person (other than the Approved Manager) will not create, assume or permit to exist any Security Interest (other than any Permitted Security Interest) of any kind upon any Leasing Document to which such Relevant Person it is a partyparty or any asset subject thereto, and if applicable, other than the VesselPermitted Security Interests.