Common use of NO BUSINESS Clause in Contracts

NO BUSINESS. the Borrower has not undertaken any business or employed any person or incurred any obligations in respect of any pension scheme, save in respect of the Master, officers and crew of the Vessel;

Appears in 4 contracts

Samples: Facility Agreement (EuroDry Ltd.), Facility Agreement (Euroseas Ltd.), Facility Agreement (Pyxis Tankers Inc.)

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NO BUSINESS. the neither Borrower has not undertaken any business or employed any person or incurred any obligations in respect of any pension scheme, save in respect of the Master, officers and crew of the VesselVessel owned or to be owned by it;

Appears in 3 contracts

Samples: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Acquisition CORP)

NO BUSINESS. the no Borrower has not undertaken any business or employed any person or incurred any obligations in respect of any pension scheme, save in respect of the Master, officers and crew of the VesselVessel owned by it;

Appears in 3 contracts

Samples: Facility Agreement for a Term Loan Facility (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.)

NO BUSINESS. the neither Borrower has not undertaken any business or employed any person or incurred any obligations in respect of any pension scheme, save in respect of the Master, officers and crew of the VesselVessel owned by it;

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Acquisition CORP)

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NO BUSINESS. the Borrower has not undertaken any business or employed any person or incurred any obligations in respect of any pension scheme, save in respect of the Master, officers and crew of the VesselVessel owned or to be owned by it;

Appears in 1 contract

Samples: Facility Agreement for a Term Loan Facility (Navios Maritime Acquisition CORP)

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