Specific Obligations. A breach occurs of Clause 4.4 (Waiver of conditions precedent), Clause 23 (Financial Covenants), Clause 24.9 (Title), Clause 24.10 (Negative pledge), Clause 24.20 (Unlawfulness, invalidity and ranking; Security imperilled), Clause 24.22 (Sanctions), Clause 25.2 (Maintenance of obligatory insurances), Clause 25.3 (Terms of obligatory insurances), Clause 25.5 (Renewal of obligatory insurances) or Clause 27 (Security Cover).
Appears in 4 contracts
Samples: Assignment Agreement (Ardmore Shipping Corp), Assignment Agreement (Ardmore Shipping Corp), Assignment Agreement (Ardmore Shipping Corp)
Specific Obligations. A breach occurs of Clause 4.4 21 (Waiver of conditions precedentFinancial covenants), Clause 23 22.1 (Financial CovenantsSanctions and Illicit payments), Clause 24.9 22.2 (TitleProhibited Payments), Clause 24.10 22.4 (Negative pledge), Clause 24.20 22.5 (Unlawfulness, invalidity and ranking; Security imperilledDisposals), Clause 24.22 22.7 (Sanctions), Clause 25.2 (Maintenance of obligatory insurances), Clause 25.3 (Terms of obligatory insurances), Clause 25.5 (Renewal of obligatory insurancesMergers) or Clause 27 22.15 (Security CoverLoans and guarantees by the Borrower).
Appears in 4 contracts
Samples: Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.), Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.), Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.)
Specific Obligations. A breach occurs of Clause 4.4 4.4 (Waiver of conditions precedent), Clause 23 19 (Financial Covenants), Clause 24.9 21.11 (Title), Clause 24.10 21.12 (Negative pledge), Clause 24.20 21.21 (Unlawfulness, invalidity and ranking; Security imperilled), Clause 24.22 (Sanctions), Clause 25.2 22.2 (Maintenance of obligatory insurances), Clause 25.3 22.3 (Terms of obligatory insurances), Clause 25.5 22.5 (Renewal of obligatory insurances), Clause 23.3 (Repair and classification) or Clause 27 23.11 (Security CoverSanctions and Ship Trading).
Appears in 2 contracts
Samples: Assignment Agreement (United Maritime Corp), Assignment Agreement (Seanergy Maritime Holdings Corp.)
Specific Obligations. A breach occurs of Clause 4.4 (Waiver of conditions precedent), Clause 23 22 (Financial Covenants), Clause 24.9 23.9 (Title), Clause 24.10 23.10 (Negative pledge), Clause 24.20 23.20 (Unlawfulness, invalidity and ranking; Security imperilled), Clause 24.22 (Sanctions), Clause 25.2 24.2 (Maintenance of obligatory insurances), Clause 25.3 24.3 (Terms of obligatory insurances), Clause 25.5 24.5 (Renewal of obligatory insurances) or Clause 27 (Security Cover).
Appears in 2 contracts
Samples: Assignment Agreement (Dorian LPG Ltd.), Assignment Agreement (Dorian LPG Ltd.)
Specific Obligations. A breach occurs of Clause 4.4 4.5 (Waiver of conditions precedent), Clause 23 20 (Financial Covenants), Clause 24.9 21.9 (Title), Clause 24.10 21.10 (Negative pledge), Clause 24.20 21.20 (Unlawfulness, invalidity and ranking; Security imperilled), Clause 24.22 (Sanctions), Clause 25.2 22.2 (Maintenance of obligatory insurances), Clause 25.3 22.3 (Terms of obligatory insurances), Clause 25.5 22.5 (Renewal of obligatory insurances) or Clause 27 25 (Security Cover).
Appears in 2 contracts
Samples: Assignment Agreement (Grindrod Shipping Holdings Ltd.), Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Specific Obligations. A breach occurs of Clause 4.4 (Waiver of conditions precedent), Clause 23 (Financial Covenants), Clause 24.9 22.11 (Title), Clause 24.10 22.12 (Negative pledge), Clause 24.20 22.21 (Unlawfulness, invalidity and ranking; Security imperilled), Clause 24.22 (Sanctions), Clause 25.2 23.2 (Maintenance of obligatory insurances), Clause 25.3 23.3 (Terms of obligatory insurances), Clause 25.5 23.5 (Renewal of obligatory insurances), Clause 24.3 (Repair and classification) or Clause 27 24.11 (Security CoverSanctions and Ship Trading).
Appears in 2 contracts
Samples: Facility Agreement (United Maritime Corp), Facility Agreement (United Maritime Corp)
Specific Obligations. A breach occurs of Clause 4.4 4.5 (Waiver of conditions precedent), Clause 23 20 (Financial Covenants), Clause 24.9 21 (General Undertakings), Clause 21.9 (Title), Clause 24.10 21.10 (Negative pledge), Clause 24.20 21.19 (Unlawfulness, invalidity and ranking; Security imperilled), Clause 24.22 (Sanctions), Clause 25.2 22.2 (Maintenance of obligatory insurances), Clause 25.3 22.3 (Terms of obligatory insurances), Clause 25.5 22.5 (Renewal of obligatory insurances), Clause 23.12 (Sanctions and Ship trading) or or, save to the extent such breach is a failure to pay and therefore subject to Clause 27 26.2 (Non-payment), Clause 24 (Security Cover).
Appears in 1 contract
Samples: Assignment Agreement (Euroseas Ltd.)
Specific Obligations. A breach occurs of Clause 4.4 (Waiver of conditions precedent), Clause 23 21 (Financial Covenants), Clause 24.9 22.10 (Title), Clause 24.10 22.11 (Negative pledge), Clause 24.20 22.20 (Unlawfulness, invalidity and ranking; Security imperilled), Clause 24.22 (Sanctions), Clause 25.2 23.2 (Maintenance of obligatory insurances), Clause 25.3 23.3 (Terms of obligatory insurances), Clause 25.5 23.5 (Renewal of obligatory insurances), Clause 23.9 (Payment of premium) or or, save to the extent such breach is a failure to pay and therefore subject to Clause 27 27.2 (Security CoverNon-payment).
Appears in 1 contract
Specific Obligations. A breach occurs of Clause 4.4 (Waiver of conditions precedent), Clause 23 20 (Financial Covenants), Clause 24.9 21.11 (Title), Clause 24.10 21.12 (Negative pledge), Clause 24.20 21.21 (Unlawfulness, invalidity and ranking; Security imperilled), Clause 24.22 (Sanctions), Clause 25.2 22.2 (Maintenance of obligatory insurances), Clause 25.3 22.3 (Terms of obligatory insurances), Clause 25.5 22.5 (Renewal of obligatory insurances), Clause 23.11 (Sanctions and Ship trading) or Clause 27 24 (Security Cover).
Appears in 1 contract
Samples: Junior Facility Agreement (Global Ship Lease, Inc.)
Specific Obligations. A breach occurs of Clause 4.4 (Waiver of conditions precedent), Clause 23 21 (Financial Covenants), Clause 24.9 22.3 (Compliance with laws), Clause 22.10 (Title), Clause 24.10 22.11 (Negative pledge), Clause 24.20 22.21 (Unlawfulness, invalidity and ranking; Security imperilled), Clause 24.22 (Sanctions), Clause 25.2 23.2 (Maintenance of obligatory insurances), Clause 25.3 23.3 (Terms of obligatory insurances), Clause 25.5 23.5 (Renewal of obligatory insurances) or Clause 27 25 (Security Cover).
Appears in 1 contract
Specific Obligations. A breach occurs of Clause 4.4 4.3 (Waiver of conditions precedent), Clause 23 20 (Financial Covenants), Clause 24.9 21.9 (Title), Clause 24.10 21.10 (Negative pledge), Clause 24.20 21.20 (Unlawfulness, invalidity and ranking; Security imperilled), Clause 24.22 (Sanctions), Clause 25.2 22.2 (Maintenance of obligatory insurances), Clause 25.3 22.3 (Terms of obligatory insurances), Clause 25.5 22.5 (Renewal of obligatory insurances), Clause 23.9 (Prevention of and release from arrest and detention) or Clause 27 24 (Security Cover).
Appears in 1 contract
Specific Obligations. A breach occurs of Clause 4.4 (Waiver of conditions precedent), Clause 23 7.3 (Change of control), 21.2(c) and (d) (Financial Statements), Clause 21 (Financial Covenants), Clause 24.9 22.8 (Title), Clause 24.10 22.9 (Negative pledge), Clause 24.20 22.20 (Unlawfulness, invalidity and ranking; Security imperilled), Clause 24.22 (Sanctions), Clause 25.2 23,2 (Maintenance of obligatory insurances), Clause 25.3 23.3 (Terms of obligatory insurances), Clause 25.5 23.5 (Renewal of obligatory insurances) or Clause 27 25 (Security Cover).
Appears in 1 contract
Specific Obligations. A breach occurs of Clause 4.4 (Waiver of conditions precedent), Clause 23 19 (Financial Covenants), Clause 24.9 20.10 (Title), Clause 24.10 20.11 (Negative pledge), Clause 24.20 20.20 (Unlawfulness, invalidity and ranking; Security imperilled), Clause 24.22 (Sanctions), Clause 25.2 21.2 (Maintenance of obligatory insurances), Clause 25.3 21.3 (Terms of obligatory insurances), Clause 25.5 21.5 (Renewal of obligatory insurances) Clause 22.11 (Sanctions and Ship Trading) or Clause 27 23 (Security Cover).
Appears in 1 contract
Specific Obligations. A breach occurs of Clause 4.4 4.3 (Waiver of conditions precedent), Clause 23 20 (Financial Covenants), Clause 24.9 21.9 (Title), Clause 24.10 21.10 (Negative pledge), Clause 24.20 21.20 (Unlawfulness, invalidity and ranking; Security imperilled), Clause 24.22 (Sanctions), Clause 25.2 22.2 (Maintenance of obligatory insurances), Clause 25.3 22.3 (Terms of obligatory insurances), Clause 25.5 22.5 (Renewal of obligatory insurances), Clause 23.9(Prevention of and release from arrest and detention) or Clause 27 24 (Security Cover).
Appears in 1 contract
Specific Obligations. A breach occurs of Clause 4.4 4.6 (Waiver of conditions precedent), Clause 23 21 (Financial Covenants), Clause 24.9 22.9 (Title), Clause 24.10 22.10 (Negative pledge), Clause 24.20 22.20 (Unlawfulness, invalidity and ranking; Security imperilled), Clause 24.22 (Sanctions), Clause 25.2 23.2 (Maintenance of obligatory insurances), Clause 25.3 23.3 (Terms of obligatory insurances), Clause 25.5 23.5 (Renewal of obligatory insurances) or Clause 27 26 (Security Cover).
Appears in 1 contract
Specific Obligations. A breach occurs of Clause 4.4 (Waiver of conditions precedent), Clause 23 (Financial Covenants), Clause 24.9 (Title), Clause 24.10 (Negative pledge), Clause 24.20 (Unlawfulness, invalidity and ranking; Security imperilled), Clause 24.22 (Sanctions), Clause 25.2 (Maintenance of obligatory insurances), Clause 25.3 (Terms of obligatory insurances), Clause 25.5 (Renewal of obligatory insurances) or Clause 27 28.2 (Security CoverProvision of additional security; prepayment).
Appears in 1 contract
