Restrictions on employment. The Borrower shall procure that no Owner employ the Ship owned by it, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 19 contracts
Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)
Restrictions on employment. The No Borrower shall procure that no Owner employ the Ship owned by it, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 10 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)
Restrictions on employment. The No Borrower shall procure that no Owner employ the Ship owned by itits Ship, nor shall permit her it to be employed, outside the cover provided by any obligatory insurances.
Appears in 8 contracts
Samples: Agreement (Diana Shipping Inc.), Diana Shipping Inc., Loan Agreement (Diana Shipping Inc.)
Restrictions on employment. The Borrower shall procure that no Owner shall employ the Ship owned by it, nor shall permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 7 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement (Box Ships Inc.)
Restrictions on employment. The Each Borrower shall procure that no Owner not employ the Ship owned by it, nor shall permit her it to be employed, outside the cover provided by any obligatory insurances.
Appears in 7 contracts
Samples: Loan Agreement, Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Paragon Shipping Inc.)
Restrictions on employment. The Borrower shall procure that no the Owner shall not employ the Ship owned by itShip, nor shall permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 5 contracts
Samples: Loan Agreement, Agreement (Paragon Shipping Inc.), Loan Agreement (Box Ships Inc.)
Restrictions on employment. The Borrower shall procure that no Owner not employ the Ship owned by itShip, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 5 contracts
Samples: Loan Agreement (Navios Maritime Containers Inc.), Loan Agreement (Pyxis Tankers Inc.), Agreement (NewLead Holdings Ltd.)
Restrictions on employment. The Borrower shall procure that no Owner shall employ the Ship owned by it, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 3 contracts
Samples: Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)
Restrictions on employment. The Borrower shall procure that no Owner shall employ the Ship owned by itits Ship, nor shall permit her it to be employed, outside the cover provided by any obligatory insurances.
Appears in 2 contracts
Samples: Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Acquisition CORP)
Restrictions on employment. The No Borrower shall procure that no Owner employ the Ship owned by it, nor shall permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 2 contracts
Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)
Restrictions on employment. The Borrower shall procure that no Owner of a Mortgaged Ship will employ the Ship owned by itits Ship, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 2 contracts
Samples: Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Restrictions on employment. The Borrower shall procure that no neither Owner employ the Ship owned by it, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 2 contracts
Samples: Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Restrictions on employment. The Borrower shall procure that no the Owner will not employ the Ship owned by itShip, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 2 contracts
Samples: Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Cosmo Llc.)
Restrictions on employment. The Borrower shall procure that no neither Owner shall employ the Ship owned by it, nor shall permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 2 contracts
Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (StealthGas Inc.)
Restrictions on employment. The No Borrower shall procure that no Owner employ the Ship owned by itits Ship, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 2 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Pyxis Tankers Inc.)
Restrictions on employment. The Borrower shall procure that no Owner not employ the Ship owned by itShip, nor permit her to be employed, outside the cover provided by any obligatory insurancesinsurance.
Appears in 1 contract
Samples: Loan Agreement (Box Ships Inc.)
Restrictions on employment. The Borrower shall procure that no each Owner will not employ the Ship owned by it, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 1 contract
Samples: Agreement (Star Bulk Carriers Corp.)
Restrictions on employment. The No Borrower shall procure that no Owner employ the Ship owned by it, nor shall permit her the Ship owned by it to be employed, outside the cover provided by any obligatory insurancesinsurance.
Appears in 1 contract
Samples: Agreement (Diana Shipping Inc.)
Restrictions on employment. The Borrower shall procure that no Owner not employ the Ship owned by itShip, nor permit her to be employed, outside the cover provided by any obligatory insurances, unless additional insurance cover is, with the Agent’s consent, provided by the Borrower.
Appears in 1 contract
Samples: Loan Agreement (StealthGas Inc.)
Restrictions on employment. The Borrower shall procure that no the Owner shall not employ the Ship owned by itShip, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 1 contract
