Common use of No Transactions Clause in Contracts

No Transactions. The Borrowers shall not, and shall procure that each Corporate Guarantor shall not, enter into any transactions with any other member of the Group or any other associated company without the prior written consent of the Agent, unless it is reasonably incurred in the normal course of its business.

Appears in 1 contract

Sources: Secured Loan Agreement (DryShips Inc.)

No Transactions. The Borrowers shall not, and shall procure that each the Corporate Guarantor shall not, enter into any transactions with any other member of the Group affiliated or any other associated company without the prior written consent of the Agent, unless it is reasonably incurred in the normal course of its business.

Appears in 1 contract

Sources: Secured Loan Agreement (NewLead Holdings Ltd.)