Common use of Negative undertakings Clause in Contracts

Negative undertakings. The Borrowers jointly and severally undertake with each Creditor that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and while all or any part of the Total Commitment remains outstanding, the Borrowers will not, without the prior written consent of the Agent:

Appears in 3 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (DryShips Inc.), Loan Agreement (Diana Containerships Inc.)

AutoNDA by SimpleDocs

Negative undertakings. The Borrowers jointly and severally undertake Each Obligor undertakes with each Creditor of the Lenders and the Agent that, from the date of this Agreement and so long as any moneys are owing under the Security Finance Documents and while all or any part of the Total Commitment Commitments remains outstanding, the Borrowers will not, without the prior written consent of the AgentAgent acting on the instructions of the Majority Lenders:

Appears in 2 contracts

Samples: Facility Agreement (British Sky Broadcasting Group PLC), Facility Agreement (British Sky Broadcasting Group PLC)

Negative undertakings. The Borrowers jointly and severally undertake with each Creditor that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and while all or any part of the Total Commitment remains outstanding, the Borrowers they will not, without the prior written consent of the Agent:Agent (acting on the instructions of the Majority Lenders):

Appears in 2 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)

Negative undertakings. The Borrowers jointly and severally undertake with the Agent and each Creditor of the other Creditors that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and while all or any part of the Total Commitment remains outstanding, the Borrowers they will not, without the prior written consent of the Agent:

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Negative undertakings. The Borrowers jointly and severally undertake Borrower undertakes with each Creditor of the Finance Parties that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and/or the Master Swap Agreement and while all or any part of the Total Commitment remains outstanding, the Borrowers it will not, not and will procure that each Owner will not without the prior written consent of the Agent:

Appears in 1 contract

Samples: Facilities Agreement (Omega Navigation Enterprises, Inc.)

AutoNDA by SimpleDocs

Negative undertakings. The Borrowers jointly and severally undertake with each Creditor that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and while all or any part of the Total Commitment remains outstanding, the Borrowers they will not, without the prior written consent of the Agent:Agent (acting on the instructions of the Majority Banks):

Appears in 1 contract

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

Negative undertakings. The Borrowers jointly and severally undertake Borrower undertakes with each Creditor of the Finance Parties that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and while all or any part of the Total Commitment remains outstanding, the Borrowers it will not, not and will procure that each Owner will not without the prior written consent of the Agent:

Appears in 1 contract

Samples: Facilities Agreement (Aries Maritime Transport LTD)

Negative undertakings. The Borrowers jointly and severally undertake with each Creditor that, from the date of this Agreement and so long as any moneys are owing under the Security Documents and while all or any part of the Total Commitment or the Facility Commitment remains outstanding, the Borrowers they will not, without the prior written consent of the Agent:Agent (acting on the instructions of the Majority Banks):

Appears in 1 contract

Samples: Facility Agreement (Costamare Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!