New capital raises or financing. (a) Save as provided below: (i) no new debt shall be raised and no new Financial Indebtedness shall be incurred by the Group (including, for the avoidance of doubt, inter-company loans); (ii) no non-arm's length disposals of any asset relating to the Group fleet shall be made; and (iii) no additional Security Interests securing existing Financial Indebtedness will be created or permitted to subsist by any Obligor (unless the Lenders benefit from this new security on a pari passu basis),
Appears in 5 contracts
Samples: Term Loan Facility (Norwegian Cruise Line Holdings Ltd.), Term Loan Facility Amendment (Norwegian Cruise Line Holdings Ltd.), Term Loan Facility Amendment (Norwegian Cruise Line Holdings Ltd.)
New capital raises or financing. (a) Save as provided below:
(i) no new debt shall be raised and no new Financial Indebtedness shall be incurred by the Group (including, for the avoidance of doubt, inter-company loans);
(ii) no non-arm's length disposals of any asset relating to the Group fleet shall be made; and
(iii) no additional Security Interests securing existing Financial Indebtedness will be created or permitted to subsist by any Obligor (unless the Lenders benefit from this new security on a pari passu basis),,
Appears in 2 contracts
Samples: Term Loan Facility Amendment (NCL CORP Ltd.), Term Loan Facility Amendment (Norwegian Cruise Line Holdings Ltd.)
New capital raises or financing. (a) Save as provided below:
(i) no new debt shall be raised and no new Financial Indebtedness shall be incurred by the Group (including, for the avoidance of doubt, inter-company loans);
(ii) no non-arm's ’s length disposals of any asset relating to the Group fleet shall be made; and
(iii) no additional Security Interests securing existing Financial Indebtedness will be created or permitted to subsist by any Obligor (unless the Lenders benefit from this new security on a pari passu basis),
Appears in 1 contract
Samples: Term Loan Facility (Norwegian Cruise Line Holdings Ltd.)
