Common use of No borrowings Clause in Contracts

No borrowings. No Borrower shall incur or allow to remain outstanding any Financial Indebtedness (except for the Loan).

Appears in 2 contracts

Samples: Secured Loan Agreement (Euroseas Ltd.), Secured Loan Agreement (Euroseas Ltd.)

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No borrowings. No Borrower None of the Borrowers shall incur or allow to remain outstanding any Financial Indebtedness (except for the Loan).

Appears in 1 contract

Samples: Secured Loan Agreement (Performance Shipping Inc.)

No borrowings. No Borrower shall and the Collateral Owner shall not incur or allow to remain outstanding any Financial Indebtedness (except for the Loan).

Appears in 1 contract

Samples: Secured Loan Agreement (Diana Containerships Inc.)

No borrowings. No Borrower shall incur or allow to remain outstanding any Financial Indebtedness (except for the Loan)Loan and any Permitted Intercompany Loans) unless it is a Permitted Transaction.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Partners L.P.)

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No borrowings. No Borrower shall incur or allow to remain outstanding any Financial Indebtedness (except for the Loan)) unless it is a Permitted Transaction or a Permitted Loan.

Appears in 1 contract

Samples: Secured Loan Agreement (Genco Shipping & Trading LTD)

No borrowings. No The Borrower shall not incur or allow to remain outstanding any Financial Indebtedness (except for the Loan).

Appears in 1 contract

Samples: Secured Loan Agreement (EuroDry Ltd.)

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