Common use of Disposals Clause in Contracts

Disposals. sell, transfer, assign, create security or option over, pledge, pool, abandon, lend or otherwise dispose of or cease to exercise direct control over any part of their present or future undertaking, assets, rights or revenues (otherwise than by transfers, sales or disposals for full consideration in the ordinary course of trading) whether by one or a series of transactions related or not;

Appears in 11 contracts

Samples: Facility Agreement (Euroseas Ltd.), Agreement (EuroDry Ltd.), Agreement (EuroDry Ltd.)

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Disposals. sell, transfer, assign, create security or option over, pledge, pool, abandon, lend or otherwise dispose of or cease to exercise direct control over any part of their present or future undertaking, assets, rights or revenues (otherwise than by transfers, sales or disposals for full consideration in the ordinary course of trading) whether by one or a series of transactions related or not;

Appears in 3 contracts

Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)

Disposals. sell, transfer, assign, create security or option over, pledge, pool, abandon, lend or otherwise dispose of or cease to exercise direct control over any part of their present or future undertaking, assets, rights or revenues (otherwise than by transfers, sales or disposals for full consideration in the ordinary course of tradingtrading but, in any event, not in respect of assets or rights which are subject to security created by the Security Documents) whether by one or a series of transactions related or not;

Appears in 3 contracts

Samples: Agreement (Seanergy Maritime Holdings Corp.), Seanergy Maritime Holdings Corp., Seanergy Maritime Holdings Corp.

Disposals. sell, transfer, assign, create security or option over, pledge, pool, abandon, lend or otherwise dispose of or cease to exercise direct control over any part of their present or future undertaking, assets, rights or revenues (otherwise than by transfers, sales or disposals for full consideration in the ordinary course of trading) whether by one or a series of transactions related or not;

Appears in 2 contracts

Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Disposals. sell, transfer, assign, create security or option over, pledge, pool, abandon, lend or otherwise dispose of or cease to exercise direct control over any part of their its present or future undertakingundertakings, assets, rights or revenues (otherwise than by transfers, sales or disposals for full consideration in the ordinary course of trading) whether by one or a series of transactions related or not;

Appears in 2 contracts

Samples: Facility Agreement (Pyxis Tankers Inc.), Loan Agreement (Navios Maritime Holdings Inc.)

Disposals. sell, transfer, assign, create security or option over, pledge, pool, abandon, lend or otherwise dispose of or cease to exercise direct control over any part of their present or future undertaking, assets, rights or revenues (otherwise than by transfers, sales or disposals of assets which are not material, for full consideration in the ordinary course of trading) trading but, in any event, not in respect of assets or rights which are subject to security created by the Security Documents), whether by one or a series of transactions related or not;

Appears in 2 contracts

Samples: Facility Agreement (Costamare Partners LP), Facility Agreement (Costamare Partners LP)

Disposals. sell, transfer, assign, create security or option over, pledge, pool, abandon, lend or otherwise dispose of or cease to exercise direct control over any part of their present or future undertaking, assets, rights or revenues (otherwise than by transfers, sales or disposals for full consideration in the ordinary course of trading) whether by one or a series of transactions related or notnot which could have a material (in the reasonable opinion of the Lenders) adverse effect on the ability of the Borrowers to perform their obligations under the Security Documents to which they are a party;

Appears in 2 contracts

Samples: Agreement (Navios Maritime Partners L.P.), www.lw.com

Disposals. sell, transfer, assign, create security or option over, pledge, pool, abandon, lend or otherwise dispose of or cease to exercise direct control over any part of their present or future undertaking, assets, rights or revenues (otherwise than by transfers, sales or disposals for full consideration in the ordinary course of trading) whether by one or a series of transactions related or notnot which could have a material (in the reasonable opinion of the Lenders) adverse affect on the ability of the Borrower to perform its obligations under this Agreement;

Appears in 1 contract

Samples: Agreement (Navios Maritime Partners L.P.)

Disposals. sell, transfer, assign, create security or option over, pledge, pool, abandon, lend or otherwise dispose of or cease to exercise direct control over any part of their its present or future undertaking, assetsassets (including without limitation the shares of the Owners), rights or revenues (otherwise than than, by transfers, sales or disposals for full consideration in the ordinary course of trading) whether by one or a series of transactions related or not;

Appears in 1 contract

Samples: Loan Agreement (Globus Maritime LTD)

Disposals. sell, transfer, assign, create security or option over, pledge, pool, abandon, lend or otherwise dispose of or cease to exercise direct control over any part of their its present or future undertakingundertakings, assets, rights or revenues (otherwise than by security, transfers, sales or disposals for full consideration in the ordinary course of tradingbusiness as a ship owner, operator and manager) whether by one or a series of transactions related or not;

Appears in 1 contract

Samples: Agreement (Navios Maritime Holdings Inc.)

Disposals. sell, transfer, assign, create security or option over, pledge, pool, abandon, lend or otherwise dispose of or cease to exercise direct control over any part of their its present or future undertaking, assets, rights or revenues (otherwise than by transfers, sales or disposals for full consideration in the ordinary course of trading) whether by one or a series of transactions related or not;; or

Appears in 1 contract

Samples: Agreement (DryShips Inc.)

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Disposals. sell, transfer, assign, create security or option over, pledge, pool, abandon, lend or otherwise dispose of or cease to exercise direct control over any material, in the opinion of the Lender, part of their its present or future undertaking, assets, rights or revenues (otherwise than by transfers, sales or disposals for full consideration in the ordinary course of trading) whether by one or a series of transactions related or not;

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Disposals. Permit the Owners to sell, transfer, assign, create security or option over, pledge, pool, abandon, lend or otherwise dispose of or cease to exercise direct control over any part of their present or future undertaking, assets, rights or revenues (otherwise than by transfers, sales or disposals for full consideration in the ordinary course of trading) whether by one or a series of transactions related or not;

Appears in 1 contract

Samples: Agreement (StealthGas Inc.)

Disposals. sell, transfer, assign, create security or option over, pledge, pool, abandon, lend or otherwise dispose of or cease to exercise direct control over any part of their present or future undertaking, assets, rights or revenues (otherwise than by transfers, sales or disposals for full consideration in the ordinary course of trading, but not of assets which are subject to the Security Documents) whether by one or a series of transactions related or not;

Appears in 1 contract

Samples: Supplemental Agreement (Quintana Shipping Ltd.)

Disposals. sell, transfer, assign, create security or option over, pledge, pool, abandon, lend or otherwise dispose of or cease to exercise direct control over any part of their its present or future undertaking, assets, rights or revenues (otherwise than by transfers, sales or disposals for full consideration in the ordinary course of trading) whether by one or a series of transactions related or not;

Appears in 1 contract

Samples: Agreement (Navios Maritime Holdings Inc.)

Disposals. sell, transfer, assign, create security or option over, pledge, pool, abandon, lend or otherwise dispose of or cease to exercise direct control over any part of their present or future undertaking, assets, rights or revenues (otherwise than by transfers, sales or disposals for full consideration in the ordinary course of trading) whether by one or a series of transactions related or not, including, without limitation, the Vessel owned by it;

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Partners L.P.)

Disposals. sell, transfer, assign, create security or option over, pledge, pool, abandon, lend or otherwise dispose of or cease to exercise direct control over any part of their present or future undertaking, assets, rights or revenues (otherwise than by transfers, sales or disposals for full consideration in the ordinary course of trading) whether by one or a series of transactions related or not, which could have a material (in the reasonable opinion of the Bank) adverse effect on the ability of the Borrowers to perform their obligations under the Security Documents to which they are a party;

Appears in 1 contract

Samples: Agreement (Navios Maritime Acquisition CORP)

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