Limitation on Financial Indebtedness. The 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: in accordance with the Associated Agreements or the Financing Agreements; or in the ordinary and normal course of business; or with the prior consent of the TNPA.
Appears in 1 contract
Sources: Terminal Operator Agreement
Limitation on Financial Indebtedness. 9.5.1 The 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 Financing Finance Agreements; or or
9.5.1.2 in the ordinary and normal course of business; or or
9.5.1.3 with the prior written consent of the TNPA.
Appears in 1 contract
Sources: Terminal Operator Agreement
Limitation on Financial Indebtedness. The 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: :
9.1 in accordance with the Associated Agreements or the Financing Agreements; or or
9.2 in the ordinary and normal course of business; or or
9.3 with the prior consent of the TNPA.
Appears in 1 contract
Sources: Terminal Operator Agreement
Limitation on Financial Indebtedness. 8.4.1. The 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 the Terminal Equipment and, in general, any claims and rights in respect of the Terminal otherwise than: :
8.4.1.1. in accordance with the Associated Agreements or Agreements, the Financing Agreementsfinancing plan included in the Business Plan; or or
8.4.1.2. in the ordinary and normal course of business; or or
8.4.1. 3. with the prior consent of the TNPA.
Appears in 1 contract
Sources: Terminal Operator Agreement
Limitation on Financial Indebtedness. 9.1 The 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: :
9.1.1 in accordance with the Associated Agreements or the Financing Agreements; or or
9.1.2 in the ordinary and normal course of business; or or
9.1.3 with the prior consent of the TNPA.
Appears in 1 contract
Sources: Terminal Operator Agreement