Common use of Limitation on Administrator’s Acquisition of Certain Vessels Clause in Contracts

Limitation on Administrator’s Acquisition of Certain Vessels. Recognizing the Company’s intentions to acquire Vessels meeting certain specific characteristics, the Administrator, on its own behalf and for that of its Subsidiaries, hereby agrees that, for the duration of this Agreement, neither it nor its Subsidiaries shall directly own dry bulk carriers of greater than 30,000 deadweight tons.

Limitation on Administrator’s Acquisition of Certain Vessels. Recognizing the Company’s intentions to acquire Vessels meeting certain specific characteristics, the Administrator, on its own behalf and for that of its Subsidiaries, hereby agrees that, for the duration of this Agreement, neither it nor its Subsidiaries shall directly own dry bulk carriers of greater than 30,000 acquire any product or crude tanker which is between 35,000 – 200,000 deadweight tons.

Limitation on Administrator’s Acquisition of Certain Vessels. Recognizing the Company’s 's intentions to acquire Vessels meeting certain specific characteristics, the Administrator, on its own behalf and for that of its Subsidiaries, hereby agrees that, for the duration of this Agreement, neither it nor its Subsidiaries shall directly own dry bulk carriers of greater than 30,000 acquire any product or crude tanker which is between 35,000 – 200,000 deadweight tons.