Expenditure. No Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its Ship.
Appears in 36 contracts
Sources: Facility Agreement (Okeanis Eco Tankers Corp.), Reducing Revolving Credit Loan Facility (Navios Maritime Partners L.P.), Loan Agreement (Ardmore Shipping Corp)
Expenditure. No The Borrower shall not incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its the Ship.
Appears in 8 contracts
Sources: Term Loan Facility Agreement (Globus Maritime LTD), Secured Term Loan Facility (United Maritime Corp), Term Loan Facility (Okeanis Eco Tankers Corp.)
Expenditure. No Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, chartering, maintaining and repairing its Ship.
Appears in 3 contracts
Sources: Term Loan Facility Agreement (Global Ship Lease, Inc.), Term Loan Facility (Global Ship Lease, Inc.), Facility Agreement (Global Ship Lease, Inc.)
Expenditure. No The Borrower shall not incur any expenditure, except for expenditure reasonably incurred in the ordinary course of its business of ship-owning, operating, maintaining and repairing its the Ship.
Appears in 2 contracts
Sources: Facility Agreement (Euroseas Ltd.), Facility Agreement (Euroseas Ltd.)
Expenditure. No Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its ShipShip and the administration and operation of the Transaction Obligors.
Appears in 2 contracts
Sources: Term Loan Facility (Dorian LPG Ltd.), Term Loan Facility (Dorian LPG Ltd.)
Expenditure. No Neither Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its Shipthe Ship owned by it.
Appears in 2 contracts
Sources: Facility Agreement (Okeanis Eco Tankers Corp.), Facility Agreement (Okeanis Eco Tankers Corp.)
Expenditure. No The Borrower shall not incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its Ship.
Appears in 1 contract
Expenditure. No Neither the Borrower nor any Guarantor shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its ShipVessel.
Appears in 1 contract
Expenditure. No Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, insuring, maintaining and repairing its ShipShip and the administration of the Borrowers.
Appears in 1 contract
Expenditure. No Neither Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its Ship.
Appears in 1 contract
Expenditure. No Neither Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, insuring, maintaining and repairing its Ship.
Appears in 1 contract
Sources: Term Loan Facility Agreement (Seanergy Maritime Holdings Corp.)
Expenditure. No Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its Shipthe Ship owned by it.
Appears in 1 contract
Expenditure. No Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its ShipVessel.
Appears in 1 contract
Expenditure. No Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its Shipthe Ship owned by that Borrower and the Borrowers shall ensure that all such expenditures are paid when due and payable.
Appears in 1 contract
Expenditure. No Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, insuring, maintaining and repairing its Ship.
Appears in 1 contract
Sources: Facility Agreement (Seanergy Maritime Holdings Corp.)
Expenditure. No The Borrower shall not incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its Shipthe Ship and the Borrower shall ensure that all such expenditures are paid when due and payable.
Appears in 1 contract
Expenditure. No Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its Ship.. 84 EUROPE/78937797v7
Appears in 1 contract