Common use of Negative undertakings Clause in Contracts

Negative undertakings. The Borrowers jointly and severally undertake with each Creditor that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and while all or any part of the Total Commitment remains outstanding, they will not, without the prior written consent of the Agent (acting on the instructions of the Majority Banks):

Appears in 12 contracts

Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.), Corporations and Companies (Aegean Marine Petroleum Network Inc.)

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Negative undertakings. The Borrowers jointly and severally undertake with each Creditor that, from the date of this Agreement and so long as any moneys are owing under throughout the Security Documents Period and while all or any part of the Total Commitment remains outstanding, they will not, without the prior written consent of the Agent (acting on the instructions of the Majority Banks) (such consent not to be unreasonably withheld in the case of clause 8.3.15):

Appears in 5 contracts

Samples: Supplemental Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.), Master Swap Agreement (Quintana Shipping Ltd.)

Negative undertakings. The Borrowers jointly and severally undertake with each Creditor that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and while all or any part of the Total Commitment remains outstanding, they the Borrowers will not, without the prior written consent of the Agent (acting on the instructions of the Majority Banks):Agent:

Appears in 4 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Diana Shipping Inc.), Agreement (DryShips Inc.)

Negative undertakings. The Borrowers jointly and severally undertake Each Obligor undertakes with each Creditor of the Lenders and the Agent that, from the date of this Agreement and so long as any moneys are owing under the Security Finance Documents and while all or any part of the Total Commitment Commitments remains outstanding, they will not, without the prior written consent of the Agent (acting on the instructions of the Majority Banks):Lenders:

Appears in 3 contracts

Samples: Facility Agreement (British Sky Broadcasting Group PLC), Facility Agreement (British Sky Broadcasting Group PLC), Facility Agreement (British Sky Broadcasting Group PLC)

Negative undertakings. The Borrowers jointly and severally undertake with each Creditor that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and while all or any part of the Total Commitment remains outstanding, they will not, without the prior written consent of the Agent (acting on the instructions of the Majority BanksLenders):

Appears in 2 contracts

Samples: Seanergy Maritime Holdings Corp., Seanergy Maritime Holdings Corp.

Negative undertakings. The Borrowers jointly and severally undertake Borrower undertakes with each Creditor that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and while all or any part of the Total Commitment remains outstanding, they it will not, without the prior written consent of the Agent (acting on the instructions of the Majority Banks):

Appears in 2 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (DryShips Inc.)

Negative undertakings. The Borrowers jointly and severally undertake Each Borrower undertakes with each Creditor of the Finance Parties that, from the date of this Agreement and so long as any moneys are owing under this Agreement or remain available for drawing by the Security Documents and while all or any part of the Total Commitment remains outstanding, they will notBorrowers, without the prior written consent of the Agent (acting on the instructions of the Majority Banks)::

Appears in 2 contracts

Samples: Loan Agreement (Cordiant Communications Group PLC /Adr), Loan Agreement (Cordiant Communications Group PLC /Adr)

Negative undertakings. The Borrowers jointly and severally undertake Borrower undertakes with each Creditor that, from the date of this Agreement and so long as any moneys are owing under the Security Documents Documents, whether actually or contingently, and while all or any part of the Total Commitment Facilities remains outstandingavailable, they it will not, without the prior written consent of the Agent (acting on the instructions of the Majority Banks):

Appears in 2 contracts

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)

Negative undertakings. The Borrowers jointly and severally undertake with each Creditor that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and while all or any part of the Total Commitment remains outstanding, they the Borrowers will not, without the prior written consent of the Agent (acting on the instructions of the Majority Banks):

Appears in 2 contracts

Samples: Supplemental Agreement (Diana Shipping Inc.), Loan Agreement (DryShips Inc.)

Negative undertakings. The Borrowers jointly and severally undertake with each Creditor that, from the date of this Agreement and so long as any moneys are owing under throughout the Security Documents and while all or any part of the Total Commitment remains outstandingPeriod, they will not, without the prior written consent of the Agent (acting on the instructions of the Majority Banks):

Appears in 2 contracts

Samples: Agreement (Seanergy Maritime Holdings Corp.), Seanergy Maritime Holdings Corp.

Negative undertakings. The Borrowers jointly and severally undertake Borrower undertakes with each Creditor of the Finance Parties that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and/or the Master Swap Agreements and while all or any part of the Total Commitment remains outstanding, they it will not, not and will procure that each Owner will not without the prior written consent of the Agent (acting on the instructions of the Majority Banks)::

Appears in 2 contracts

Samples: Agreement (Aries Maritime Transport LTD), Agreement (Aries Maritime Transport LTD)

Negative undertakings. The Borrowers jointly and severally undertake with each Creditor that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and while all or any part of the Total Commitment remains outstanding, they will not, without the prior written consent of the Agent (acting on the instructions of the Majority BanksBanks (such consent not to be unreasonably withheld and the request for which to be responded to within reasonable time):

Appears in 1 contract

Samples: Loan Agreement (Golden Energy Marine Corp.)

Negative undertakings. The Borrowers jointly and severally undertake Borrower undertakes with each Creditor of the Finance Parties that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and while all or any part of the Total Commitment remains outstanding, they it will not, not and will procure that each Owner will not without the prior written consent of the Agent (acting on the instructions of the Majority Banks):Agent:

Appears in 1 contract

Samples: Facilities Agreement (Aries Maritime Transport LTD)

Negative undertakings. The Borrowers jointly and severally undertake Borrower undertakes with each Creditor that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and while all or any part of the Total Commitment remains outstanding, they it will not, without the prior written consent of the Agent (acting on the instructions of the Majority BanksLenders):

Appears in 1 contract

Samples: Facility Agreement (Costamare Inc.)

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Negative undertakings. The Borrowers jointly and severally undertake with each Creditor that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and while all or any part of the Total Commitment or the Facility Commitment remains outstanding, they will not, without the prior written consent of the Agent (acting on the instructions of the Majority Banks):

Appears in 1 contract

Samples: Costamare Inc.

Negative undertakings. The Borrowers jointly and severally undertake Borrower undertakes with each Creditor of the Finance Parties that, from the date of this Agreement and so long as any moneys are owing under the Security other Finance Documents and while all or any part of the Total Commitment remains outstanding, they it will not, not and will procure that each Owner will not without the prior written consent of the Agent (acting on the instructions of the Majority Banks):Agent:

Appears in 1 contract

Samples: Agreement (Omega Navigation Enterprises, Inc.)

Negative undertakings. The Borrowers jointly and severally undertake Each Borrower undertakes with each Creditor of the Bank Finance Parties that, from the date of this Agreement and so long as any moneys are owing under this Agreement or remain available for drawing by the Security Documents and while all or any part of the Total Commitment remains outstanding, they will notBorrowers, without the prior written consent of the Agent (acting on the instructions of the Majority Banks)::

Appears in 1 contract

Samples: Loan Agreement (Cordiant Communications Group PLC /Adr)

Negative undertakings. The Borrowers jointly and severally undertake Each Borrower undertakes with each Creditor that, from of the date of this Agreement and so long as any moneys are owing under Finance Parties that throughout the Security Documents Period and while all or any part of the Total Commitment Commitments remains outstanding, they it will not, without the prior written consent of the Facility Agent (acting on the instructions of the Majority BanksLenders (such consent not to be unreasonably withheld in the case of clauses 8.3.16 and 8.3.17):

Appears in 1 contract

Samples: Agreement (DryShips Inc.)

Negative undertakings. The Each of the Borrowers jointly and severally undertake undertakes with each Creditor that, from of the date of this Agreement and so long as any moneys are owing under Finance Parties that throughout the Security Documents Period and while all or any part of the Total Commitment Commitments remains outstanding, they it will not, without the prior written consent of the Facility Agent (acting on the instructions of the Majority Banks):Lenders:

Appears in 1 contract

Samples: Agreement (Teekay LNG Partners L.P.)

Negative undertakings. The Borrowers jointly and severally undertake Borrower undertakes with each Creditor of the Finance Parties that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and/or the Master Swap Agreement and while all or any part of the Total Commitment remains outstanding, they it will not, not and will procure that each Owner will not without the prior written consent of the Agent (acting on the instructions of the Majority Banks):Agent:

Appears in 1 contract

Samples: Facilities Agreement (Omega Navigation Enterprises, Inc.)

Negative undertakings. The Borrowers jointly and severally undertake with each Creditor that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and while all or any part of the Total Commitment remains outstanding, they will not, without the prior written consent of the Agent (acting on the instructions of the Majority Banks):

Appears in 1 contract

Samples: Loan Agreement (Capital Maritime & Trading Corp.)

Negative undertakings. The Borrowers jointly and severally undertake with the Agent and each Creditor of the other Creditors that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and while all or any part of the Total Commitment remains outstanding, they will not, without the prior written consent of the Agent (acting on the instructions of the Majority Banks):Agent:

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

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