Restrictions on employment. The Borrowers shall not employ the Ships, nor permit them to be employed, outside the cover provided by any obligatory insurances.
Appears in 3 contracts
Samples: Loan Agreement (TBS International PLC), Loan Agreement (TBS International PLC), Loan Agreement (TBS International LTD)
Restrictions on employment. The Borrowers Borrower shall not employ the ShipsShip, nor permit them same to be employed, outside the cover provided by any obligatory insurances.
Appears in 2 contracts
Samples: Agreement (Euroseas Ltd.), Loan Agreement (EuroDry Ltd.)
Restrictions on employment. The Borrowers shall not employ the Ships, nor permit them same to be employed, outside the cover provided by any obligatory insurances.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
Restrictions on employment. The Borrowers shall not employ the ShipsShips owned by them, nor permit them to be employed, outside the cover provided by any obligatory insurances.
Appears in 1 contract
Samples: Loan Agreement (Euroseas Ltd.)
