No borrowings. The Borrower shall not without the prior written consent of the Lender borrow any money (except for the Loan and unsecured Financial Indebtedness subordinated to the Loan) nor incur any obligations under leases.
Appears in 8 contracts
Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Credit Facility Agreement (Safe Bulkers, Inc.), Agreement (Safe Bulkers, Inc.)
No borrowings. The No Borrower shall not without the prior written consent of the Lender borrow any money (except for the Loan and unsecured Financial Indebtedness subordinated to the Loan) nor incur any obligations under leases.
Appears in 1 contract
Samples: Loan Agreement (Danaos Corp)
No borrowings. The Borrower shall not without the prior written consent of the Lender borrow any money (except for the Loan and unsecured Financial Indebtedness subordinated to the LoanLoan and arising in the Borrowers normal course of operating the Vessel) nor incur any obligations under leases.
Appears in 1 contract
Samples: Loan Agreement (Top Ships Inc.)
No borrowings. The Borrower shall not not, without the prior written consent of the Lender borrow Majority Lenders, incur or allow to remain outstanding any money Financial Indebtedness (except for the Loan Loan) and unsecured Financial Indebtedness loans from the Guarantor which are fully subordinated to the Loan) nor incur any obligations under leases.
Appears in 1 contract
No borrowings. The Borrower shall not without the prior written consent of the Lender borrow any money (except for the Loan and unsecured Financial Indebtedness subordinated to the LoanLoan and arising in the Borrower's normal course of operating the Vessel) nor incur any obligations under leases.
Appears in 1 contract
Samples: Loan Agreement (Top Ships Inc.)
No borrowings. The Borrower shall not without the prior written consent of the Lender borrow any money (except for the Loan and unsecured Financial Indebtedness subordinated to the LoanLoan and/or incurred in the normal course of business in connection with the chartering, operation, maintenance and repair of the Vessel) nor incur any obligations under leases.
Appears in 1 contract
