Change of business. (a) The Parent Guarantor shall procure that no substantial change is made to the general nature of the business of the Parent Guarantor or the Group from that carried on at the date of this Agreement. (b) No Borrower shall engage in any business other than the ownership and operation of its Ship.
Appears in 13 contracts
Samples: Term Loan Facility (Seanergy Maritime Holdings Corp.), Loan Agreement (Ardmore Shipping Corp), Term and Accordion Facilities Agreement (Ardmore Shipping Corp)
Change of business. (a) The Parent Guarantor Each Borrower shall procure that no substantial change is made to the general nature of the business of the Parent Guarantor or the Group from that carried on at the date of this Agreement.
(b) No Borrower shall engage in any business other than the ownership and operation of its Ship.
Appears in 7 contracts
Samples: Facility Agreement (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.)
Change of business. (a) The Parent Guarantor shall procure that no substantial change is made to the general nature of the business of the Parent Guarantor Guarantor, the Obligors or the Group taken as a whole from that carried on by the Group at the date of this Agreement.
(b) No Borrower shall engage in any business other than the ownership and operation of its Ship.
Appears in 4 contracts
Samples: Note Purchase Agreement (Luxfer Holdings PLC), Note Purchase Agreement (Luxfer Holdings PLC), Note Purchase Agreement (Luxfer Holdings PLC)
Change of business. (a) The Parent Guarantor shall procure that no substantial change is made to the general nature of the business of the Parent Guarantor or the Group from that carried on at the date of this AgreementAgreement of the holding of single purpose ship owning subsidiaries and arrangement of acquisition, financing and the operation of vessels on behalf of these single purpose ship owning subsidiaries.
(b) No Borrower shall engage in any business other than the ownership and operation of its Ship.
Appears in 4 contracts
Samples: Term Loan Facility (United Maritime Corp), Facility Agreement (United Maritime Corp), Facility Agreement (United Maritime Corp)
Change of business. (a) The Parent Guarantor shall procure that no substantial change is made to the general nature of the business of the Parent Guarantor or the Group from that carried on at the date of this Agreement.
(b) No Borrower shall engage in any business other than the ownership and operation of its Ship.
Appears in 3 contracts
Samples: Term Loan Facility (Okeanis Eco Tankers Corp.), Facility Agreement (Okeanis Eco Tankers Corp.), Facility Agreement (Okeanis Eco Tankers Corp.)
Change of business. (a) The Parent Each Guarantor shall procure that no substantial change is made to the general nature of the business of the Parent that Guarantor or the Group from that carried on at the date of this Agreement.
(b) No The Borrower shall not engage in any business other than the ownership and operation of its Shipthe Vessel.
Appears in 2 contracts
Samples: Term Loan Facility (Grindrod Shipping Holdings Ltd.), Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Change of business. (a) The Parent Guarantor shall procure that no substantial change is made to the general nature of the business of the Parent Guarantor or the Group from that carried on at the date of this AgreementAgreement of the holding of single purpose ship owning subsidiaries and arrangement of acquisition, financing and the operation of vessels on behalf of these single purpose ship owning subsidiaries.
(b) No The Borrower shall not engage in any business other than the ownership and operation of its the Ship.
Appears in 1 contract
Change of business. (a) The Parent Guarantor shall procure that no substantial change is made to the general nature of the business of the Parent Guarantor or the Group of any Transaction Obligor from that carried on at the date of this Agreement.
(b) No Borrower shall engage in any business other than the ownership and operation of its Ship.
Appears in 1 contract
Change of business. (a) The Parent Guarantor shall procure that no substantial change is made to the general nature of the its business of the Parent Guarantor or the Guarantor Group from that carried on at the date of this Agreement.
(b) No Borrower The Company shall not acquire any assets other than the entire issued share capital of a Vessel Owner from time to time.
(c) The Company shall procure that no Vessel Owner shall engage in any business other than the ownership and operation of its ShipCollateral Vessel.
Appears in 1 contract
Change of business. (a) The Parent Guarantor Borrower shall procure that no substantial change is made to the general nature of the business of the Parent Guarantor Borrower or the Group from that carried on at the date of this Agreement.
(b) No Borrower Guarantor shall engage in any business other than the ownership ownership, operation and operation employment of its Shipthe Vessel owned by it.
Appears in 1 contract
Change of business. (a) The Parent Guarantor shall procure that no substantial change is made to the general nature of the its business of the Parent Guarantor or the Group from that carried on at the date of this Agreement.
(b) No Borrower Owner shall engage in any business other than the ownership and operation of its Ship.
Appears in 1 contract
Change of business. (a) The Parent Guarantor shall procure that no substantial change is made to the general nature of the business of the Parent Guarantor or the Group from that carried on at the date of this AgreementAgreement or (as applicable) the Effective Date.
(b) No Borrower shall engage in any business other than the ownership and operation of its Ship.
Appears in 1 contract
Samples: Facility Agreement (Seanergy Maritime Holdings Corp.)
Change of business. (a) The Parent Guarantor shall procure Each Borrower procures that no substantial change is made to the general nature of the business of the Parent each Guarantor or the Group from that carried on at the date of this Agreement.
(b) No Borrower shall engage in any business other than the ownership and operation of its Ship.
Appears in 1 contract
Samples: Term Loan Facility (Navios South American Logistics Inc.)
Change of business. (a) The Parent Guarantor shall shall:
(i) procure that no substantial change is made to the general nature of the business of the Parent Guarantor or the Group from that carried on at the date of this Agreement; and
(ii) maintain its listing on the New York Stock Exchange or any other stock exchange acceptable to the Lender.
(b) No Borrower shall engage in any business other than the ownership and operation of its Ship.
(c) No Borrower shall sell all or substantial part of its business (to the effect that turnover and income will be moved outside the direct ownership of that Xxxxxxxx).
Appears in 1 contract
Change of business. (a) The Parent Guarantor Each Borrowers shall procure that no substantial change is made to the general nature of the business of the Parent Guarantor or the Group from that carried on at the date of this Agreement.
(b) No Borrower shall engage in any business other than the ownership and operation of its Ship.
Appears in 1 contract
Change of business. (a) The Parent Corporate Guarantor shall procure that no substantial change is made to the general nature of the business of the Parent Corporate Guarantor or the Group from that carried on at the date of this Agreement.
(b) No Borrower shall engage in any business other than the ownership and operation of its ShipVessel.
Appears in 1 contract
Change of business. (a) The Parent Each Guarantor shall procure that no substantial change is made to the general nature of the its business of the Parent Guarantor or the Group from that carried on at the date of this Agreement.
(b) No Borrower shall engage in any business other than the ownership and operation of its Ship.
Appears in 1 contract
