Use of Corporate Funds. Pay out any funds to any company or person except (a) in the ordinary course of business in connection with the management of the business of the Borrower and its Subsidiaries, including the operation and/or repair of the Units and other vessels owned or operated by such parties and (b) the servicing of the Indebtedness permitted hereunder (but excluding, any prepayments of any Indebtedness other than the Advances);
Use of Corporate Funds permit any Borrower to pay out any funds to any company or person except (i) in the ordinary course of business in connection with the management of the business of such Borrower, including the operation and/or repair of the Vessels and other vessels owned or operated by such parties and (ii) the servicing of the Indebtedness permitted hereunder (but excluding, any prepayments of any Indebtedness other than the Facility);
Use of Corporate Funds. Pay out any funds to any company or Person except (a) as contemplated by the Acquisition Agreement (b) in the ordinary course of business in connection with the management of the business of the Security Parties, including the operation and/or repair of the Vessels and other vessels owned, managed or operated by such parties and (c) the servicing of Permitted Indebtedness provided, however, it shall not prepay any such Permitted Indebtedness (excluding the Indebtedness hereunder and under the Related Credit Agreement);
Use of Corporate Funds. Pay out any funds to any company or person except (a) in the ordinary course of business in connection with the management of the business of the Borrowers and the Guarantor, including the operation and/or repair of the Vessels and (b) the servicing of the indebtedness to the Lenders;
Use of Corporate Funds. There are no situations with respect to the business of any Company which involved or involves (i) the use of any corporate funds for unlawful contributions, gifts, entertainment or other unlawful expenses related to political activity, (ii) the making of any direct or indirect unlawful payments to government officials or others from corporate funds or the establishment or maintenance of any unlawful or unrecorded funds, (iii) the violation of any of the provisions of The Foreign Corrupt Practices Act of 1977, or any rules or regulations promulgated thereunder or (iv) the receipt of any illegal discounts or rebates or any other violation of the antitrust laws.
Use of Corporate Funds permit any Borrower to pay out any funds to any company or person except (i) in the ordinary course of business in connection with the management of the business of the Guarantor and its Subsidiaries, including the operation and/or repair of any of the Vessels and other vessels owned or operated by such parties and (ii) the servicing of the Debt permitted hereunder; and permit any Security Party to pay out any funds to any company or person except in connection with the repurchase of shares or other equity interests of any Security Party or the redemption of any investment in an amount in the aggregate for all such repurchases or redemptions up to Five Million Dollars ($5,000,000);"
Use of Corporate Funds. (in the case of each of the Borrowers) except as permitted under Sections 9.2(b) and 9.2(k) above, pay out any funds to any company or person except (i) in the ordinary course of business in connection with the management of the business of a Borrower, including the operation and/or repair of the Vessels and other vessels owned or operated by such Borrower, (ii) the servicing of the Indebtedness permitted hereunder (but excluding, any prepayments of any Indebtedness other than the Loan); (r) Use of Proceeds. Use the proceeds of the Loan in violation of Regulation T, U or X; (s) Accounts. Establish any operating accounts or earnings accounts in respect of the Assigned Moneys with any financial institution other than the Facility Agent or its Affiliate; (t) Form Subsidiaries. (in the case of each of the Borrowers) Form, or allow for the formation of any Subsidiaries of itself; and (u) ABN Credit Agreement. Amend, supplement or otherwise modify any provision of the ABN Credit Agreement or any of the Finance Documents (as defined in the ABN Credit Agreement) in a way that adversely affects the interest of the Creditors. 9.3
Use of Corporate Funds. No Vessel-Owning Guarantor shall pay out any funds to any company or person except in the ordinary course of business in connection with the management of its business;
Use of Corporate Funds. 5.32 Other than as provided in the Pooling Agreement, the Debtors will not permit any Debtor, and will procure that no Collateral Vessel Owner is permitted, to pay out any funds to any company or person except (i) in the ordinary course of business in connection with the management of the business of such Debtor or Collateral Vessel Owner, as the case may be, including the operation and/or repair of the Security Vessels and other vessels owned or operated by such parties, (ii) the servicing of the Indebtedness permitted hereunder (but excluding, any prepayments of any Indebtedness other than the Loan) and (iii) provided no Event of Default has occurred and is continuing, or will occur as a consequence of the payment thereof, the payment of dividends.
Use of Corporate Funds. Neither Seller, nor any current or former stockholder, director or officer of Target, has: (a) used any corporate funds for any illegal contributions, gifts, entertainment or other unlawful expenses related to political activity; (b) used any corporate funds for any direct or indirect unlawful payments to any foreign or domestic government officials or employees; (c) made any false or fictitious entries on Target's books and records; (d) made any bribe, rebate, payoff, kickback, influence payment or otherwise on behalf of Target; or (e) made any favor or gift that is not deductible for federal income tax purposes using corporate funds on behalf of Target.
