Common use of Acquisition of capital assets Clause in Contracts

Acquisition of capital assets. None of the Borrowers shall acquire any capital assets (including any vessel other than the Ships) by purchase, charter or otherwise, provided that for the avoidance of doubt nothing in this Clause 11.2(m) shall prevent or be deemed to prevent capital improvements being made to the Ships.

Appears in 4 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

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Acquisition of capital assets. None of the Borrowers shall acquire any capital assets (including any vessel other than the Shipsa Ship) by purchase, charter or otherwise, provided that for the avoidance of doubt nothing in this Clause 11.2(m) shall prevent or be deemed to prevent capital improvements ordinary upgrades or maintenance works being made to the Shipsa Ship.

Appears in 2 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Acquisition of capital assets. None of the Borrowers shall acquire any capital assets (including any vessel other than the Shipsa Ship) by purchase, charter or otherwise, provided that for the avoidance of doubt nothing in this Clause 11.2(m) shall prevent or be deemed to prevent capital improvements being made to the Shipsa Ship.

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Quartet Holdco Ltd.)

Acquisition of capital assets. None Neither of the Borrowers shall acquire any capital assets (including any vessel other than the Ships) by purchase, charter or otherwise, provided that for the avoidance of doubt nothing in this Clause 11.2(m) shall prevent or be deemed to prevent capital improvements being made to the Ships.

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Quartet Holdco Ltd.)

Acquisition of capital assets. None of the Borrowers The Borrower shall not acquire any capital assets (including any vessel other than the ShipsShip) by purchase, charter or otherwise, provided that for the avoidance of doubt nothing in this Clause 11.2(m) shall prevent or be deemed to prevent capital improvements being made to the ShipsShip.

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Acquisition of capital assets. None of the Borrowers Borrower or the Guarantors shall acquire any capital assets (including any vessel other than the Shipsa Ship) by purchase, charter or otherwiseotherwise without the prior written consent of the Majority Lenders, provided that for the avoidance of doubt nothing in this Clause 11.2(m) shall prevent or be deemed to prevent capital improvements being made to the Shipsa Ship.

Appears in 1 contract

Samples: Second Lien Loan Agreement (Eagle Bulk Shipping Inc.)

Acquisition of capital assets. None of the Borrowers The Borrower shall not acquire any capital assets (including any vessel other than the ShipsVessel) by purchase, charter or otherwise, ; provided that for the avoidance of doubt nothing in this Clause 11.2(m) herein shall prevent or be deemed to prevent any capital improvements being made to the Ships.Vessel;

Appears in 1 contract

Samples: Loan and Security Agreement (Pangaea Logistics Solutions Ltd.)

Acquisition of capital assets. None of the Borrowers Borrower or the Owner Guarantors shall acquire any capital assets (including any vessel other than the Shipsa Vessel) by purchase, charter or otherwise, provided that for the avoidance of doubt nothing in this Clause 11.2(m11.2(k) shall prevent or be deemed to prevent capital improvements being made to the Shipsa Vessel or an Excluded Vessel.

Appears in 1 contract

Samples: Loan Agreement (Dorian LPG Ltd.)

Acquisition of capital assets. None of the Borrowers No Borrower shall acquire any capital assets (including any vessel other than the Ships) by purchase, charter or otherwise, provided that for the avoidance of doubt nothing in this Clause 11.2(m) shall prevent or be deemed to prevent capital improvements being made to the Ships.

Appears in 1 contract

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.)

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Acquisition of capital assets. None of the Borrowers The Borrower shall not acquire any capital assets (including any vessel other than the ShipsShip) by purchase, charter or otherwise, provided that for the avoidance of doubt nothing in this Clause 11.2(m11.2(l) shall prevent or be deemed to prevent capital improvements being made to the ShipsShip.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Acquisition of capital assets. None of the The Borrowers shall not acquire any capital assets (including any vessel other than the Shipsa Ship) by purchase, charter or otherwise, provided that for the avoidance of doubt nothing in this Clause 11.2(m11.2(l) shall prevent or be deemed to prevent capital improvements being made to the Shipsa Ship.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Acquisition of capital assets. None of the Borrowers Neither Borrower shall acquire any capital assets (including any vessel other than the ShipsVessels) by purchase, charter or otherwise, ; provided that for the avoidance of doubt nothing in this Clause 11.2(m) herein shall prevent or be deemed to prevent any capital improvements being made to the Ships.Vessels;

Appears in 1 contract

Samples: Loan and Security Agreement (Pangaea Logistics Solutions Ltd.)

Acquisition of capital assets. None of the Borrowers Borrower or the Owner Guarantors shall acquire any capital assets (including any vessel other than the Shipsa Vessel) by purchase, charter or otherwise, 73 β€Œ provided that for the avoidance of doubt nothing in this Clause 11.2(m11.2(k) shall prevent or be deemed to prevent capital improvements being made to the Shipsa Vessel or an Excluded Vessel.

Appears in 1 contract

Samples: Loan Agreement (Dorian LPG Ltd.)

Acquisition of capital assets. None of the Borrowers Neither Borrower shall acquire any capital assets (including any vessel other than the Ships) by purchase, charter or otherwise, provided that for the avoidance of doubt nothing in this Clause 11.2(m) shall prevent or be deemed to prevent capital improvements being made to the Ships.

Appears in 1 contract

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.)

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