Common use of Business Restrictions Clause in Contracts

Business Restrictions. Except as otherwise approved by the Majority Lenders (such approval not to be unreasonably withheld in the case of clause 28.12 (Distributions and other payments)) the Borrower undertakes that this clause 28 will be complied with by and in respect of the Borrower or, as the case may be, each Owner or the Parent, throughout the Facility Period.

Appears in 4 contracts

Samples: Facility Agreement (Navigator Holdings Ltd.), Supplemental Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.)

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Business Restrictions. 27.1 Except as otherwise approved by the Majority Lenders (such approval not to be unreasonably withheld in the case of clause 28.12 (Distributions and other payments)) Lenders, the Borrower and (with effect from the date upon which the shares in such Owner are acquired by the Borrower pursuant to the Purchase Contract) each Owner undertakes that this clause 28 27 will be complied with by and in respect of the Borrower or, as the case may be, each Owner or the Parent, relevant party throughout the Facility Period.

Appears in 2 contracts

Samples: Facility Agreement (Cool Co Ltd.), Facility Agreement (Cool Co Ltd.)

Business Restrictions. Except as otherwise approved by the Majority Lenders (such approval not to be unreasonably withheld in the case of clause 28.12 29.12 (Distributions and other payments)) the each Borrower undertakes that this clause 28 29 will be complied with by and in respect of the each Borrower or, as the case may be, each Owner or the ParentGuarantor, throughout the Facility Period.

Appears in 1 contract

Samples: Loan Facility Agreement (Navigator Holdings Ltd.)

Business Restrictions. Except as otherwise approved by the Majority Lenders (such approval not to be unreasonably withheld in the case of clause 28.12 (Distributions and other payments)) the Borrower undertakes and the Parent undertake that this clause 28 26 will be complied with by the Borrower, the Beta Guarantor and in respect of the Borrower or, as the case may be, each Owner or the Parent, Parent throughout the Facility Period.

Appears in 1 contract

Samples: Facility Agreement (Teekay Tankers Ltd.)

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Business Restrictions. Except as otherwise approved by the Majority Lenders (such approval not to be unreasonably withheld in the case of clause 28.12 29.12 (Distributions and other payments)) the each Borrower undertakes that this clause 28 29 will be complied with by and in respect of the each Borrower or, as the case may be, each Owner or the Parent, Guarantors throughout the Facility Period.

Appears in 1 contract

Samples: Facility Agreement (Navigator Holdings Ltd.)

Business Restrictions. Except as otherwise approved by the Majority Lenders (such approval not to be unreasonably withheld in the case of clause 28.12 29.12 (Distributions and other payments)) the ), each Borrower undertakes that this clause 28 29 will be complied with by and in respect of the each Borrower or, as the case may be, each Owner or the ParentGuarantor, throughout the Facility Period.

Appears in 1 contract

Samples: Facility Agreement (Navigator Holdings Ltd.)

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