Common use of Disposals Clause in Contracts

Disposals. sell, transfer, abandon, lend or otherwise dispose of or cease to exercise direct control over any part (being either alone or when aggregated with all other disposals falling to be taken into account pursuant to this clause 8.3.3 material in the opinion of the Bank in relation to the undertaking, assets, rights and revenues of the relevant Borrower taken as a whole) of their respective 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 6 contracts

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

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Disposals. sell, transfer, abandon, lend or otherwise dispose of or cease to exercise direct control over any part (being either alone or when aggregated with all other disposals falling to be taken into account pursuant to this clause 8.3.3 material in the opinion of the Bank Banks in relation to the undertakingundertakings, assets, rights and revenues of the relevant Borrower taken as a wholeBorrower’s Group) of their respective 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 2 contracts

Samples: Facilities Agreement (Aries Maritime Transport LTD), Agreement (Aries Maritime Transport LTD)

Disposals. sell, transfer, abandon, lend or otherwise dispose of or cease to exercise direct control over any part (being either alone or when aggregated with all other disposals falling to be taken into account pursuant to this clause 8.3.3 9.3.3 material in the opinion of the Bank in relation to the undertakingundertakings, assets, rights and revenues of the relevant Borrower taken as a wholeBorrower) of their respective 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 2 contracts

Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

Disposals. sell, transfer, abandon, lend or otherwise dispose of or cease to exercise direct control over any part (being either alone or when aggregated with all other disposals falling to be taken into account pursuant to this clause 8.3.3 material in the opinion of the Bank Banks in relation to the undertakingundertakings, assets, rights and revenues of the relevant Borrower taken as a wholeBorrower’s Group) of their respective 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: Facilities Agreement (Omega Navigation Enterprises, Inc.), Agreement (Omega Navigation Enterprises, Inc.)

Disposals. sell, transfer, abandon, lend or otherwise dispose of or cease to exercise direct control over any part (being either alone or when aggregated with all other disposals falling to be taken into account pursuant to this clause 8.3.3 9.3.3 material in the opinion of the Bank in relation to the undertakingundertakings, assets, rights and revenues of the relevant Borrower taken as a wholeBorrower) of their respective its present or future undertaking, assets, rights or revenues (otherwise than than, save for any asset which is subject to the Security Documents, 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: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

Disposals. sell, transfer, abandon, lend or otherwise dispose of or cease to exercise direct control over any part (being either alone or when aggregated with all other disposals falling to be taken into account pursuant to this clause 8.3.3 9.3.3 material in the opinion of the Bank in relation to the undertakingundertakings, assets, rights and revenues of the relevant Borrower taken as a wholeBorrower) of their respective 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 2 contracts

Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

Disposals. sell, transfer, abandon, abandon lend or otherwise dispose of or cease to exercise direct control over any part (being either alone or or, when aggregated with all other disposals falling to be taken into account pursuant to this clause 8.3.3 8.3.3, material in the opinion of the Bank in relation to the undertaking, assets, rights and revenues of the relevant Borrower taken as a whole) of their respective 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 2 contracts

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

Disposals. subject to clause 8.4.2, sell, transfer, abandon, lend or otherwise dispose of or cease to exercise direct control over any part (being either alone or when aggregated with all other disposals falling to be taken into account pursuant to this clause 8.3.3 material in the opinion of the Bank in relation to the undertaking, assets, rights and revenues of the relevant Borrower taken as a whole) of their respective 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 (Golden Energy Marine Corp.)

Disposals. sell, transfer, abandon, lend or otherwise dispose of or cease to exercise direct control over any part (being being, either alone or when aggregated with all other disposals falling to be taken into account pursuant to this clause 8.3.3 8.3.3, material in the opinion of the Bank Agent in relation to the undertakingtheir respective undertakings, assets, rights and revenues of the relevant Borrower taken as a whole) of their respective present or future undertakingundertakings, assets, rights or revenues (otherwise than by transfers, sales or disposals for full consideration in the ordinary course of tradingtrading but in any event exclusively the Ships) whether by one or a series of transactions related or not;

Appears in 1 contract

Samples: Agreement (DryShips Inc.)

Disposals. sell, transfer, abandon, lend or otherwise dispose of or cease to exercise direct control over any part (being either alone or when aggregated with all other disposals falling to be taken into account pursuant to this clause 8.3.3 material in the opinion of the Bank in relation to the undertakingundertakings, assets, rights and revenues of the relevant Borrower taken as a wholeBorrower) of their respective 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 (Top Tankers Inc.)

Disposals. sell, transfer, abandon, lend or otherwise dispose of or cease to exercise direct control over any part (being either alone or when aggregated with all other disposals falling to be taken into account pursuant to this clause 8.3.3 material in the opinion of the Bank Banks in relation to the undertakingundertakings, assets, rights and revenues of the relevant Borrower taken as a wholeBorrower's Group) of their respective 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 (Aries Maritime Transport LTD)

Disposals. sell, transfer, abandon, lend or otherwise dispose of or cease to exercise direct control over any part (being either alone or when aggregated with all other disposals falling to be taken into account pursuant to this clause 8.3.3 material in the opinion of the Bank Agent in relation to the undertaking, assets, rights and revenues of the relevant Borrower taken as a whole) of their respective 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: Facility Agreement (Aegean Marine Petroleum Network Inc.)

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Disposals. sell, transfer, abandon, lend or otherwise dispose of or cease to exercise direct control over any part (being either alone or when aggregated with all other disposals falling to be taken into account pursuant to this clause 8.3.3 5.2.3 material in the opinion of the Bank in relation to the undertaking, assets, rights and revenues of the relevant Borrower Guarantor taken as a whole) of their respective 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: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Disposals. sell, transfer, abandon, lend or otherwise dispose of or cease to exercise direct control over any part (being either alone or when aggregated with all other disposals falling to be taken into account pursuant to this clause 8.3.3 material in the opinion of the Bank in relation to the undertakingundertakings, assets, rights and revenues of the relevant Borrower taken as a wholeBorrower's Group) of their respective 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 (Top Tankers Inc.)

Disposals. sellthe Borrower sells, transfertransfers, abandonabandons, lend lends or otherwise dispose disposes of or cease ceases to exercise direct control over any part (being either alone or when aggregated with all other disposals falling to be taken into account pursuant to this clause 8.3.3 22.1.15 material in the opinion of the Bank Banks in relation to the undertakingundertakings, assets, rights and revenues of the relevant Borrower taken as a wholeBorrower’s Group) of their respective 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;; or

Appears in 1 contract

Samples: Omega Navigation Enterprises, Inc.

Disposals. sell, transfer, abandon, lend or otherwise dispose of or cease to exercise direct control over any part (being either alone or when aggregated with all other disposals falling to be taken into account pursuant to this clause 8.3.3 material in the opinion of the Bank in relation to the undertaking, assets, rights and revenues of the relevant Borrower taken as a whole) of their respective 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;not except in respect of any Intra-Group Transactions, but subject to clauses 8.3.14 and 8.3.15; or

Appears in 1 contract

Samples: Agreement (Teekay LNG Partners L.P.)

Disposals. sell, transfer, abandon, lend or otherwise dispose of or cease to exercise direct control over any part (being either alone or when aggregated with all other disposals falling to be taken into account pursuant to this clause 8.3.3 material in the opinion of the Bank in relation to the undertakingundertakings, assets, rights and revenues of the relevant Borrower taken as a wholeBorrower’s Group) of their respective 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: Supplemental Agreement (Top Ships Inc.)

Disposals. sell, transfer, abandon, lend or otherwise dispose of or cease to exercise direct control over any part (being either alone or when aggregated with all other disposals falling to be taken into account pursuant to this clause 8.3.3 material in the opinion of the Bank in relation to the undertakingundertakings, assets, rights and revenues of the relevant Borrower taken as a whole) of their respective 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 (Aegean Marine Petroleum Network Inc.)

Disposals. sell, transfer, abandon, lend or otherwise dispose of or cease to exercise direct control over any part (being being, either alone or when aggregated with all other disposals falling to be taken into account pursuant to this clause 8.3.3 8.3.3, material in the opinion of the Bank Agent in relation to the undertakingtheir respective undertakings, assets, rights and revenues of the relevant Borrower taken as a whole) of their respective present or future undertakingundertakings, assets, rights or revenues (otherwise than by transfers, sales or disposals for full consideration in the ordinary course of tradingtrading but in any event excluding the Ships) whether by one or a series of transactions related or not;

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

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