Common use of Limitation on Financial Indebtedness Clause in Contracts

Limitation on Financial Indebtedness. 9.5.1 The Facility Operator shall not incur, assume or permit to exist any indebtedness including guarantees issued to third parties, the creation of charges, pledges or other encumbrances over its assets and or shares and, in general, any claims and rights otherwise than: 9.5.1.1 in accordance with the Associated Agreements or the Finance Agreements; or 9.5.1.2 in the ordinary and normal course of business; or 9.5.1.3 with the prior consent of TNPA.

Limitation on Financial Indebtedness. 9.5.1 9.1 The Facility Terminal Operator shall not incur, assume or permit to exist any indebtedness including guarantees issued to third parties, the creation of charges, pledges or other encumbrances over its assets and or shares and, in general, any claims and rights otherwise than: 9.5.1.1 9.1.1 in accordance with the Associated Agreements or the Finance Financing Agreements; or 9.5.1.2 9.1.2 in the ordinary and normal course of business; or 9.5.1.3 9.1.3 with the prior consent of the TNPA.

Limitation on Financial Indebtedness. 9.5.1 The Facility Terminal Operator shall not incur, assume or permit to exist any indebtedness including guarantees issued to third parties, the creation of charges, pledges or other encumbrances over its assets and or shares and, in general, any claims and rights otherwise than: 9.5.1.1 in accordance with the Associated Agreements or the Finance Agreements; or 9.5.1.2 in the ordinary and normal course of business; or 9.5.1.3 with the prior written consent of TNPA.