Restrictions on employment. The Borrower shall not employ the Ship, nor permit the Ship to be employed, outside the cover provided by any obligatory insurances.
Appears in 3 contracts
Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.)
Restrictions on employment. The Borrower shall not employ the Ship, nor shall permit the Ship to be employed, outside the cover provided by any obligatory insurancesinsurance.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
Restrictions on employment. The Borrower shall not employ the Financed Ship, nor permit the Ship to be employed, outside the cover provided by any obligatory insurances.
Appears in 1 contract
Samples: Loan Agreement (Euroseas Ltd.)
