Shareholdings. change, cause or permit any change in, the legal and/or beneficial ownership of any of the shares in the Borrower which would result in the Borrower ceasing to be a wholly-owned direct Subsidiary of the Guarantor; or
Appears in 8 contracts
Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Shareholdings. change, cause or cause, permit any change in, the legal and/or beneficial ownership of any Owner, such that any of the shares in the Borrower which would result in the Borrower ceasing them ceases to be a wholly-owned direct Subsidiary of the Guarantor; orBorrower;
Appears in 3 contracts
Samples: Facility Agreement (Freeseas Inc.), Loan Agreement (FreeSeas Inc.), Agreement (FreeSeas Inc.)
Shareholdings. change, cause or permit any change in, the legal and/or ultimate beneficial ownership of any of the shares in the Borrower which would result in the Borrower ceasing to be a wholly-owned direct Subsidiary any of the Guarantor; orBorrowers or the Corporate Guarantor or the Manager from that specified in clause 7.1.10;
Appears in 2 contracts
Samples: Supplemental Agreement (Quintana Shipping Ltd.), Supplemental Agreement (Quintana Shipping Ltd.)
Shareholdings. change, cause or permit any change in, the legal and/or ultimate beneficial ownership of any of the shares in the Borrower Borrowers or the Corporate Guarantor which at any time would result in the Borrower ceasing to be a wholly-owned direct Subsidiary of the Guarantor; orin:
Appears in 1 contract
Shareholdings. change, cause or cause, permit any change in, the legal and/or beneficial ownership of any Owner or the Manager, such that any of the shares in the Borrower which would result in the Borrower ceasing them ceases to be a wholly-owned direct Subsidiary of the GuarantorBorrower; or
Appears in 1 contract
Samples: Loan Agreement (Globus Maritime LTD)
Shareholdings. change, cause or permit any change in, the legal and/or beneficial ownership of any of the shares in the Borrower or the Manager which would result in the Borrower ceasing cause either of them to cease to be a wholly-owned direct Subsidiary of the Corporate Guarantor; or.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
Shareholdings. change, cause or permit any change in, the legal and/or beneficial ownership of any of the shares in either of the Borrower Borrowers or the Manager which would result in the Borrower ceasing cause any of them to cease to be a wholly-owned direct Subsidiary of the Corporate Guarantor; or.
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Shareholdings. change, cause cause, or permit any change in, the legal and/or or ultimate beneficial ownership of any of the shares in the Borrower which would result in the Borrower ceasing to be a wholly-owned direct Subsidiary any of the Guarantor; orBorrower, the Corporate Guarantor or the Manager or the Sub-manager from that set out in clause 7.1.10;
Appears in 1 contract
